2-bed · 1,634 sqft8 Boulevard Walk, Downtown Dubai · 15th floor · completed 2008

1501, 8 Boulevard Walk

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

Unit 1501 · DLD and Ejari recordsUpdated 7 September 2014
Last soldAED 2.7M7 September 2014
Current rentAED 135K /yr5 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1501, 8 Boulevard Walk

What is 1501 worth today?

Last sold for AED 2,700,000 in 2014

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7 Sep 2014SoldReady
AED 2,700,000AED 1,652 per sqft
5 Mar 2014RentedNew contract
AED 135,000/yr3 months · AED 83 per sqft
18 Feb 2009Sold by developerReady
AED 1,234,452AED 755 per sqft

Source: Dubai Land Department. Updated 7 September 2014.

Key facts

Type
2-bed apartment
Size
1,634 sqft
Floor
15th of 35
Parking
B1-141
Developer
Emaar
Completed
2008
Service charge
AED 34,300 /yr
Last sold
AED 2.7M · September 2014

About 1501, 8 Boulevard Walk

1501 is a two-bedroom apartment of 1,634 sqft on the 15th floor of 8 Boulevard Walk, a 35-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 7 September 2014 for AED 2,700,000, or AED 1,652 per sqft, 3% below the AED 1,709 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 March 2014. The current contract, signed on 5 March 2014, is AED 135,000 a year: a gross yield of 5.0% on the 2014 price, before the service charge of about AED 34,300 a year.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical two-bed in 8 Boulevard Walk
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,536,888; 2010 AED 1,497,888; 2011 AED 1,403,888; 2012 AED 1,700,000; 2013 AED 2,199,944; 2014 AED 2,850,000; 2015 AED 2,415,000; 2016 AED 2,335,000; 2017 AED 2,100,000; 2018 AED 1,900,000; 2019 AED 1,430,000; 2020 AED 1,200,000; 2021 AED 1,530,000; 2022 AED 1,850,000; 2023 AED 2,075,000; 2024 AED 2,550,000; 2025 AED 2,550,000; 2026 AED 3,000,000Sold by developer, February 2009: AED 1,234,452 (AED 755 per sqft)Sold, September 2014: AED 2,700,000 (AED 1,652 per sqft)

1501 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1501, each contractTypical two-bed in 8 Boulevard Walk
100K150K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 125,000; 2014 AED 148,500; 2015 AED 160,000; 2016 AED 150,000; 2017 AED 132,500; 2018 AED 110,000; 2019 AED 100,000; 2020 AED 91,500; 2021 AED 90,000; 2022 AED 110,000; 2023 AED 121,440; 2024 AED 157,527; 2025 AED 160,000; 2026 AED 149,400New contract, March 2014: AED 135,000 a year

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

2-beds in 8 Boulevard Walk, and where 1501 sits

All 99 2-beds →

1501 last sold in September 2014 at AED 1,652 per sqft, 3% below what two-beds in 8 Boulevard Walk were fetching at the time (AED 1,709). Over the last 12 months two-beds sold for AED 2,500,000 to 3,100,000, around AED 1,738 per sqft, and rent for AED 115,000 to 315,000 a year. 1501's AED 135,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 May 20263,000,000
17 Apr 20263,100,000
12 Mar 20262,500,000
7 Nov 20252,525,000
3 2-bed sales in the last 12 months

8 Boulevard Walk

Building

347 apartments, studios to 2-bed over 35 floors in Downtown Dubai, completed in 2008 by Emaar. 28 sold in the last 12 months.

Typical price per sqft
AED 1,783 Up 7.0%
Typical sale
AED 1.65M
Typical rent
AED 104K /yr
Typical yield
5.9%
8 Boulevard Walk, Downtown Dubai: prices, sales and rents →

Other units on the 15th floor

All 347 units in 8 Boulevard Walk
Value
15022-bedAED 2.6M · Mar 2025
15032-bedAED 1.95M · Mar 2023
15041-bedAED 2.01M · Oct 2023
15051-bedAED 1.51M · Oct 2025
15061-bedAED 756K · Mar 2009
15071-bedAED 1.33M · Apr 2024
1508StudioAED 975K · Jul 2024
1–7 of 10

1501, 8 Boulevard Walk in numbers

  • Sold twice: first on 18 February 2009 for AED 1,234,452, last on 7 September 2014 for AED 2,700,000 (AED 1,652 per sqft).
  • Rented since March 2014 on one Ejari contract, at AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2014 price is 5.0%, before a service charge of about AED 34,300 a year (AED 21.00 per sqft).
  • Two-beds in 8 Boulevard Walk sold for AED 2,500,000–3,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,783 per sqft.

Source: Dubai Land Department. Updated 7 September 2014.

Questions about 1501, 8 Boulevard Walk

What did unit 1501 last sell for?

AED 2,700,000 on 7 September 2014: AED 1,652 per sqft for 1,634 sqft. The unit has 2 registered sales; the first was AED 1,234,452 in February 2009.

What is the rent for unit 1501?

AED 135,000 a year on the contract signed on 5 March 2014.

How big is unit 1501?

1,634 sqft (151.8 sqm): a two-bedroom apartment on the 15th floor of a 35-storey tower completed in 2008.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 8 Boulevard Walk sold for AED 2,500,000 to 3,100,000 in the last 12 months, around AED 1,738 per sqft.

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Mortgage on 1501, 8 Boulevard Walk

Starts from the last sale price (AED 2.7M, 7 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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