1-bed · 1,537 sqft8 Boulevard Walk, Downtown Dubai · 4th floor · completed 2008

406, 8 Boulevard Walk

Sold prices and rental history: sold twice, last in March 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 25 November 2016
Last soldAED 1.5M24 March 2016
Current rentAED 130K /yr25 November 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, 8 Boulevard Walk

What is 406 worth today?

Last sold for AED 1,500,000 in 2016

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25 Nov 2016RentedNew contract
AED 130,000/yr12 months · AED 84 per sqft
24 Mar 2016SoldReady
AED 1,500,000AED 975 per sqft
3 Sep 2013RentedNew contract
AED 125,000/yr12 months · AED 81 per sqft
27 Oct 2011Sold by developerReady · flagged as an outlier
AED 385,944AED 251 per sqft

Source: Dubai Land Department. Updated 25 November 2016.

Key facts

Type
1-bed apartment
Size
1,537 sqft
Floor
4th of 35
Parking
B2-062
Developer
Emaar
Completed
2008
Service charge
AED 32,300 /yr
Last sold
AED 1.5M · March 2016

About 406, 8 Boulevard Walk

406 is a one-bedroom apartment of 1,537 sqft on the 4th floor of 8 Boulevard Walk, a 35-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 24 March 2016 for AED 1,500,000, or AED 975 per sqft, 23% below the AED 1,269 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 25 November 2016, is AED 130,000 a year: a gross yield of 8.7% on the 2016 price, before the service charge of about AED 32,300 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical one-bed in 8 Boulevard Walk
1M1.5M2008201320182023Typical sale price by year: 2008 AED 771,888; 2009 AED 929,888; 2010 AED 833,888; 2011 AED 816,388; 2012 AED 924,444; 2013 AED 1,170,000; 2014 AED 1,625,000; 2015 AED 1,485,000; 2016 AED 1,275,000; 2017 AED 1,340,000; 2018 AED 1,148,433; 2019 AED 900,000; 2020 AED 850,000; 2021 AED 1,000,000; 2022 AED 1,050,000; 2023 AED 1,425,000; 2024 AED 1,545,000; 2025 AED 1,620,000; 2026 AED 1,687,500Sold, March 2016: AED 1,500,000 (AED 975 per sqft)

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

Rents
Unit 406, each contractTypical one-bed in 8 Boulevard Walk
50K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 82,000; 2014 AED 95,000; 2015 AED 100,000; 2016 AED 100,000; 2017 AED 87,000; 2018 AED 77,000; 2019 AED 72,750; 2020 AED 64,500; 2021 AED 60,081; 2022 AED 71,500; 2023 AED 87,050; 2024 AED 100,000; 2025 AED 100,000; 2026 AED 100,000New contract, September 2013: AED 125,000 a yearNew contract, November 2016: AED 130,000 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 8 Boulevard Walk, and where 406 sits

All 184 1-beds →

406 last sold in March 2016 at AED 975 per sqft, 23% below what one-beds in 8 Boulevard Walk were fetching at the time (AED 1,269). Over the last 12 months one-beds sold for AED 1,350,000 to 2,100,000, around AED 1,708 per sqft, and rent for AED 69,750 to 149,555 a year. 406's AED 130,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Nov 20261,430,000
27 Oct 20261,850,000
14 Oct 20261,350,000
16 Sep 20261,525,000
20 1-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 4th floor

All 347 units in 8 Boulevard Walk
Value
4072-bedAED 2.5M · May 2017
408StudioAED 882K · Aug 2013
409StudioAED 900K · Oct 2023
4102-bedAED 1.38M · Sep 2013
4111-bedAED 1.51M · Feb 2023

406, 8 Boulevard Walk in numbers

  • Sold twice: first on 27 October 2011 for AED 385,944, last on 24 March 2016 for AED 1,500,000 (AED 975 per sqft).
  • Rented since September 2013 on 2 Ejari contracts, from AED 125,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2016 price is 8.7%, before a service charge of about AED 32,300 a year (AED 21.00 per sqft).
  • One-beds in 8 Boulevard Walk sold for AED 1,350,000–2,100,000 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 25 November 2016.

Questions about 406, 8 Boulevard Walk

What did unit 406 last sell for?

AED 1,500,000 on 24 March 2016: AED 975 per sqft for 1,537 sqft. The unit has 2 registered sales; the first was AED 385,944 in October 2011.

What is the rent for unit 406?

AED 130,000 a year on the contract signed on 25 November 2016. The previous contract, from September 2013, was AED 125,000.

How big is unit 406?

1,537 sqft (142.8 sqm): a one-bedroom apartment on the 4th floor of a 35-storey tower completed in 2008.

What is unit 406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in 8 Boulevard Walk sold for AED 1,350,000 to 2,100,000 in the last 12 months, around AED 1,708 per sqft.

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Mortgage on 406, 8 Boulevard Walk

Starts from the last sale price (AED 1.5M, 24 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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