Studio · 543 sqft8 Boulevard Walk, Downtown Dubai · 15th floor · completed 2008

1508, 8 Boulevard Walk

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1508 · DLD and Ejari recordsUpdated 17 July 2024
Last soldAED 975K17 July 2024
Current rentAED 49K /yr5 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1508, 8 Boulevard Walk

What is 1508 worth today?

Last sold for AED 975,000 in 2024

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17 Jul 2024SoldReady
AED 975,000AED 1,795 per sqft
5 Mar 2023RentedRenewal
AED 49,000/yr12 months · AED 90 per sqft
5 Mar 2022RentedNew contract
AED 45,000/yr12 months · AED 83 per sqft
15 Mar 2021RentedNew contract
AED 37,000/yr12 months · AED 68 per sqft
1 Oct 2019RentedNew contract
AED 48,000/yr12 months · AED 89 per sqft
15 Feb 2017RentedNew contract
AED 70,000/yr12 months · AED 130 per sqft
8 Aug 2015RentedNew contract
AED 63,000/yr12 months · AED 117 per sqft
8 Aug 2014RentedRenewal
AED 60,000/yr12 months · AED 111 per sqft

Source: Dubai Land Department. Updated 17 July 2024.

Key facts

Type
Studio apartment
Size
543 sqft
Floor
15th of 35
Parking
B2-040
Developer
Emaar
Completed
2008
Service charge
AED 11,400 /yr
Last sold
AED 975K · July 2024

About 1508, 8 Boulevard Walk

1508 is a studio of 543 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 17 July 2024 for AED 975,000, or AED 1,795 per sqft, 3% above the AED 1,740 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 5 March 2023, is AED 49,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 11,400 a year.

Sales and rents for 1508 over time

Sales
Unit 1508, each saleTypical studio in 8 Boulevard Walk
500K1M2009201420192024Typical sale price by year: 2009 AED 557,888; 2010 AED 575,536; 2011 AED 525,000; 2012 AED 599,944; 2013 AED 772,500; 2014 AED 1,101,250; 2015 AED 1,062,500; 2016 AED 935,000; 2017 AED 890,000; 2018 AED 750,000; 2022 AED 750,000; 2023 AED 900,000; 2024 AED 970,000; 2025 AED 1,175,000; 2026 AED 1,110,000Sold by developer, February 2009: AED 539,888 (AED 994 per sqft)Sold, June 2009: AED 600,000 (AED 1,104 per sqft)Sold, July 2024: AED 975,000 (AED 1,795 per sqft)

1508 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1508, each contractTypical studio in 8 Boulevard Walk
40K60K80K2012201620202024Typical rent by year: 2012 AED 50,000; 2013 AED 60,000; 2014 AED 75,000; 2015 AED 75,000; 2016 AED 73,000; 2017 AED 67,000; 2018 AED 59,500; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 45,000; 2022 AED 52,900; 2023 AED 60,000; 2024 AED 70,000; 2025 AED 73,000; 2026 AED 67,500New contract, August 2013: AED 60,000 a yearRenewal, August 2014: AED 60,000 a yearNew contract, August 2015: AED 63,000 a yearNew contract, February 2017: AED 70,000 a yearNew contract, October 2019: AED 48,000 a yearNew contract, March 2021: AED 37,000 a yearNew contract, March 2022: AED 45,000 a yearRenewal, March 2023: AED 49,000 a year

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

Studios in 8 Boulevard Walk, and where 1508 sits

All 64 studios →

1508 last sold in July 2024 at AED 1,795 per sqft, 3% above what studios in 8 Boulevard Walk were fetching at the time (AED 1,740). Over the last 12 months studios sold for AED 1,060,000 to 1,280,000, around AED 2,044 per sqft, and rent for AED 55,000 to 105,000 a year. 1508's AED 49,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
5 Aug 20261,060,000
6 May 20261,200,000
25 Apr 20261,110,000
6 Mar 20261,280,000
5 studio 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
15012-bedAED 2.7M · Sep 2014
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
1–7 of 10

1508, 8 Boulevard Walk in numbers

  • Sold 3 times: first on 24 February 2009 for AED 539,888, last on 17 July 2024 for AED 975,000 (AED 1,795 per sqft).
  • Rented since August 2013 on 8 Ejari contracts. The rent fell from AED 60,000 to AED 37,000 in 2021 and recovered to AED 49,000 by March 2023.
  • At AED 49,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 11,400 a year (AED 21.00 per sqft).
  • Studios in 8 Boulevard Walk sold for AED 1,060,000–1,280,000 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 17 July 2024.

Questions about 1508, 8 Boulevard Walk

What did unit 1508 last sell for?

AED 975,000 on 17 July 2024: AED 1,795 per sqft for 543 sqft. The unit has 3 registered sales; the first was AED 539,888 in February 2009.

What is the rent for unit 1508?

AED 49,000 a year on the contract renewed on 5 March 2023. The previous contract, from March 2022, was AED 45,000; the unit has been rented since August 2013.

How big is unit 1508?

543 sqft (50.4 sqm): a studio on the 15th floor of a 35-storey tower completed in 2008.

What is unit 1508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in 8 Boulevard Walk sold for AED 1,060,000 to 1,280,000 in the last 12 months, around AED 2,044 per sqft.

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Mortgage on 1508, 8 Boulevard Walk

Starts from the last sale price (AED 975K, 17 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 975,000
Deposit, UAE resident (20%)
AED 195,000
Deposit, non-resident (40%)
AED 390,000
Monthly over 25 years at 3.7%
AED 3,989

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