2-bed · 1,530 sqft8 Boulevard Walk, Downtown Dubai · 7th floor · completed 2008

703, 8 Boulevard Walk

Sold prices and rental history: sold once, by the developer in January 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 16 June 2024
Last soldAED 2.22M9 January 2024
Current rentAED 170K /yr16 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, 8 Boulevard Walk

What is 703 worth today?

Last sold for AED 2,220,000 in 2024

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16 Jun 2024RentedNew contract
AED 170,000/yr12 months · AED 111 per sqft
9 Jan 2024Sold by developerReady
AED 2,220,000AED 1,451 per sqft
11 Oct 2018RentedNew contract · flagged as an outlier
AED 30,000/yr24 months · AED 20 per sqft
11 Oct 2018RentedNew contract
AED 30,000/yr24 months · AED 20 per sqft
15 Jan 2016RentedNew contract
AED 151,475/yr13 months · AED 99 per sqft
26 Dec 2014RentedNew contract
AED 153,500/yr12 months · AED 100 per sqft
11 Dec 2013RentedNew contract
AED 145,000/yr12 months · AED 95 per sqft

Source: Dubai Land Department. Updated 16 June 2024.

Key facts

Type
2-bed apartment
Size
1,530 sqft
Floor
7th of 35
Parking
B2-148
Developer
Emaar
Completed
2008
Service charge
AED 32,100 /yr
Last sold
AED 2.22M · January 2024

About 703, 8 Boulevard Walk

703 is a two-bedroom apartment of 1,530 sqft on the 7th floor of 8 Boulevard Walk, a 35-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 9 January 2024 for AED 2,220,000, or AED 1,451 per sqft, in line with the AED 1,429 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 16 June 2024, is AED 170,000 a year: a gross yield of 7.7% on the 2024 price, before the service charge of about AED 32,100 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, January 2024: AED 2,220,000 (AED 1,451 per sqft)

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

Rents
Unit 703, each contractTypical two-bed in 8 Boulevard Walk
100K2012201620202024Typical 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, December 2013: AED 145,000 a yearNew contract, December 2014: AED 153,500 a yearNew contract, January 2016: AED 151,475 a yearNew contract, October 2018: AED 30,000 a yearNew contract, June 2024: AED 170,000 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 703 sits

All 99 2-beds →

703 last sold in January 2024 at AED 1,451 per sqft, in line with what two-beds in 8 Boulevard Walk were fetching at the time (AED 1,429). 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. 703's AED 170,000 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 7th floor

All 347 units in 8 Boulevard Walk
Value
7012-bedAED 1.24M · Sep 2017
7022-bedAED 3M · May 2026
7041-bedAED 985K · Aug 2010
7051-bedAED 1.58M · Nov 2023
7061-bedAED 724K · Jan 2013
7071-bedAED 1.78M · Mar 2026
708StudioAED 510K · Sep 2024
1–7 of 10

703, 8 Boulevard Walk in numbers

  • Sold once: by Emaar on 9 January 2024 for AED 2,220,000, or AED 1,451 per sqft.
  • Rented since December 2013 on 6 Ejari contracts. The rent fell from AED 145,000 to AED 30,000 in 2018 and recovered to AED 170,000 by June 2024.
  • At AED 170,000 a year the gross yield on the 2024 price is 7.7%, before a service charge of about AED 32,100 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 16 June 2024.

Questions about 703, 8 Boulevard Walk

What did unit 703 last sell for?

AED 2,220,000 on 9 January 2024, sold by the developer: AED 1,451 per sqft for 1,530 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 170,000 a year on the contract signed on 16 June 2024. The previous contract, from October 2018, was AED 30,000; the unit has been rented since December 2013.

How big is unit 703?

1,530 sqft (142.1 sqm): a two-bedroom apartment on the 7th floor of a 35-storey tower completed in 2008.

What is unit 703 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 703, 8 Boulevard Walk

Starts from the last sale price (AED 2.22M, 9 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,220,000
Deposit, UAE resident (20%)
AED 444,000
Deposit, non-resident (40%)
AED 888,000
Monthly over 25 years at 3.7%
AED 9,083

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