1-bed · 1,044 sqft29 Burj Boulevard Tower 2, Downtown Dubai · 15th floor · completed 2013

1511, 29 Burj Boulevard Tower 2

Sold prices and rental history: sold twice, last in April 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1511 · DLD and Ejari recordsUpdated 30 April 2020
Last soldAED 1.3M30 April 2020
Current rentAED 125K /yr21 May 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1511, 29 Burj Boulevard Tower 2

What is 1511 worth today?

Last sold for AED 1,300,000 in 2020

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30 Apr 2020SoldReady
AED 1,300,000AED 1,245 per sqft
21 May 2017RentedNew contract
AED 125,000/yr12 months · AED 120 per sqft
12 Jun 2016RentedRenewal
AED 130,000/yr12 months · AED 125 per sqft
12 Jun 2015RentedNew contract
AED 130,000/yr12 months · AED 125 per sqft
12 Jun 2014RentedNew contract
AED 130,000/yr12 months · AED 125 per sqft
2 Mar 2010Sold by developerOff-plan
AED 2,145,888AED 2,055 per sqft

Source: Dubai Land Department. Updated 30 April 2020.

Key facts

Type
1-bed apartment
Size
1,044 sqft
Floor
15th of 43
Parking
B1-226
Developer
Emaar
Completed
2013
Service charge
AED 20,400 /yr
Last sold
AED 1.3M · April 2020

About 1511, 29 Burj Boulevard Tower 2

1511 is a one-bedroom apartment of 1,044 sqft on the 15th floor of 29 Burj Boulevard Tower 2, a 43-storey tower in Downtown Dubai completed in 2013 by Emaar. It last sold on 30 April 2020 for AED 1,300,000, or AED 1,245 per sqft, 3% below the AED 1,288 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 21 May 2017, is AED 125,000 a year: a gross yield of 9.6% on the 2020 price, before the service charge of about AED 20,400 a year.

Sales and rents for 1511 over time

Sales
Unit 1511, each saleTypical one-bed in 29 Burj Boulevard Tower 2
1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,739,888; 2010 AED 1,975,888; 2012 AED 1,447,444; 2013 AED 1,760,000; 2014 AED 2,017,888; 2015 AED 1,950,000; 2016 AED 1,775,000; 2017 AED 1,737,500; 2018 AED 1,462,500; 2019 AED 1,387,500; 2020 AED 1,180,000; 2021 AED 1,325,000; 2022 AED 1,600,000; 2023 AED 1,675,000; 2024 AED 1,858,000; 2025 AED 2,071,970; 2026 AED 2,000,000Sold by developer, March 2010: AED 2,145,888 (AED 2,055 per sqft)Sold, April 2020: AED 1,300,000 (AED 1,245 per sqft)

1511 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1511, each contractTypical one-bed in 29 Burj Boulevard Tower 2
100K2013201720212025Typical rent by year: 2013 AED 100,000; 2014 AED 115,000; 2015 AED 115,000; 2016 AED 112,000; 2017 AED 107,750; 2018 AED 99,483; 2019 AED 85,000; 2020 AED 73,250; 2021 AED 75,000; 2022 AED 85,000; 2023 AED 100,000; 2024 AED 110,000; 2025 AED 115,000; 2026 AED 110,000New contract, June 2014: AED 130,000 a yearNew contract, June 2015: AED 130,000 a yearRenewal, June 2016: AED 130,000 a yearNew contract, May 2017: AED 125,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in 29 Burj Boulevard Tower 2, and where 1511 sits

All 250 1-beds →

1511 last sold in April 2020 at AED 1,245 per sqft, 3% below what one-beds in 29 Burj Boulevard Tower 2 were fetching at the time (AED 1,288). Over the last 12 months one-beds sold for AED 1,750,000 to 2,750,000, around AED 2,282 per sqft, and rent for AED 77,000 to 270,000 a year. 1511's AED 125,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Oct 20262,000,000
15 Sep 20261,750,000
29 Jul 202646,154
28 Jul 202653,841
17 1-bed sales in the last 12 months

29 Burj Boulevard Tower 2

Building

373 apartments, studios to 3-bed over 43 floors in Downtown Dubai, completed in 2013 by Emaar. 29 sold in the last 12 months.

Typical price per sqft
AED 2,323 Down 2.3%
Typical sale
AED 2.25M
Typical rent
AED 115K /yr
Typical yield
5.4%
29 Burj Boulevard Tower 2, Downtown Dubai: prices, sales and rents →

Other units on the 15th floor

All 373 units in 29 Burj Boulevard Tower 2
Value
15011-bedAED 1.86M · Dec 2013
15021-bedAED 2.48M · Feb 2014
1503StudioAED 1M · May 2023
15041-bedAED 1.43M · Nov 2013
15051-bedAED 1.88M · Sep 2016
15061-bedAED 2M · Jan 2014
15072-bedAED 1.87M · Mar 2022
1–7 of 10

1511, 29 Burj Boulevard Tower 2 in numbers

  • Sold twice: first on 2 March 2010 for AED 2,145,888, last on 30 April 2020 for AED 1,300,000 (AED 1,245 per sqft).
  • Rented since June 2014 on 4 Ejari contracts, from AED 130,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2020 price is 9.6%, before a service charge of about AED 20,400 a year (AED 19.50 per sqft).
  • One-beds in 29 Burj Boulevard Tower 2 sold for AED 1,750,000–2,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,323 per sqft.

Source: Dubai Land Department. Updated 30 April 2020.

Questions about 1511, 29 Burj Boulevard Tower 2

What did unit 1511 last sell for?

AED 1,300,000 on 30 April 2020: AED 1,245 per sqft for 1,044 sqft. The unit has 2 registered sales; the first was AED 2,145,888 in March 2010.

What is the rent for unit 1511?

AED 125,000 a year on the contract signed on 21 May 2017. The previous contract, from June 2016, was AED 130,000; the unit has been rented since June 2014.

How big is unit 1511?

1,044 sqft (97.0 sqm): a one-bedroom apartment on the 15th floor of a 43-storey tower completed in 2013.

What is unit 1511 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in 29 Burj Boulevard Tower 2 sold for AED 1,750,000 to 2,750,000 in the last 12 months, around AED 2,282 per sqft.

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Mortgage on 1511, 29 Burj Boulevard Tower 2

Starts from the last sale price (AED 1.3M, 30 April 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →