3-bed · 1,852 sqftAct Two, Downtown Dubai · 17th floor · completed 2022

1701, Act Two

Sold prices and rental history: sold once, by the developer in January 2019, and rented once, from August 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 16 August 2024
Last soldAED 4.47M28 January 2019
Current rentAED 120K /yr16 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Act Two

What is 1701 worth today?

Last sold for AED 4,472,888 in 2019

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16 Aug 2024RentedRenewal
AED 120,000/yr12 months · AED 65 per sqft
28 Jan 2019Sold by developerOff-plan
AED 4,472,888AED 2,423 per sqft

Source: Dubai Land Department. Updated 16 August 2024.

Key facts

Type
3-bed apartment
Size
1,852 sqft
Floor
17th of 43
Parking
B1-1608, B1-1609
Developer
Emaar
Completed
2022
Service charge
AED 33,800 /yr
Last sold
AED 4.47M · January 2019
Building
Act Two

About 1701, Act Two

1701 is a three-bedroom apartment of 1,852 sqft on the 17th floor of Act Two, a 43-storey tower in Downtown Dubai completed in 2022 by Emaar. The developer sold it on 28 January 2019 for AED 4,472,888, or AED 2,423 per sqft, in line with the AED 2,482 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 August 2024. The current contract, renewed on 16 August 2024, is AED 120,000 a year: a gross yield of 2.7% on the 2019 price, before the service charge of about AED 33,800 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, each saleTypical three-bed in Act Two
4M5M6M2017202020232026Typical sale price by year: 2017 AED 4,007,388; 2018 AED 4,051,888; 2019 AED 4,210,888; 2020 AED 4,283,888; 2021 AED 4,319,069; 2022 AED 4,325,000; 2023 AED 5,235,000; 2024 AED 5,600,000; 2025 AED 5,800,000; 2026 AED 5,500,000Sold by developer, January 2019: AED 4,472,888 (AED 2,423 per sqft)

1701 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1701, each contractTypical three-bed in Act Two
100K200K300K2024202520262027Typical rent by year: 2024 AED 295,000; 2025 AED 300,000; 2026 AED 290,000Renewal, August 2024: AED 120,000 a year

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

3-beds in Act Two, and where 1701 sits

All 79 3-beds →

1701 last sold in January 2019 at AED 2,423 per sqft, in line with what three-beds in Act Two were fetching at the time (AED 2,482). Over the last 12 months three-beds sold for AED 5,160,000 to 7,000,000, around AED 2,982 per sqft, and rent for AED 120,000 to 550,000 a year. 1701's AED 120,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Nov 20265,200,000
7 Oct 20265,600,000
3 Sep 20265,375,000
29 Jun 20266,600,000
7 3-bed sales in the last 12 months

Act Two

Building

360 apartments, 1-bed to 4-bed over 43 floors in Downtown Dubai, completed in 2022 by Emaar. 26 sold in the last 12 months.

Typical price per sqft
AED 2,976 Down 2.8%
Typical sale
AED 3.05M
Typical rent
AED 165K /yr
Typical yield
5.3%
Act Two, Downtown Dubai: prices, sales and rents →

Other units on the 17th floor

All 360 units in Act Two
Value
17022-bedAED 2.42M · Mar 2019
17032-bedAED 2.46M · Jan 2019
17042-bedAED 2.29M · Oct 2018
17051-bedAED 1.44M · Jul 2017
17061-bedAED 2.23M · Jul 2026
17072-bedAED 2.88M · May 2023
17083-bedAED 5M · May 2023
1–7 of 8

1701, Act Two in numbers

  • Sold once: by Emaar on 28 January 2019 for AED 4,472,888, or AED 2,423 per sqft.
  • Rented since August 2024 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2019 price is 2.7%, before a service charge of about AED 33,800 a year (AED 18.23 per sqft).
  • Three-beds in Act Two sold for AED 5,160,000–7,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,976 per sqft.

Source: Dubai Land Department. Updated 16 August 2024.

Questions about 1701, Act Two

What did unit 1701 last sell for?

AED 4,472,888 on 28 January 2019, sold by the developer: AED 2,423 per sqft for 1,852 sqft. It is the only registered sale of the unit.

What is the rent for unit 1701?

AED 120,000 a year on the contract renewed on 16 August 2024.

How big is unit 1701?

1,852 sqft (172.1 sqm): a three-bedroom apartment on the 17th floor of a 43-storey tower completed in 2022.

What is unit 1701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Act Two sold for AED 5,160,000 to 7,000,000 in the last 12 months, around AED 2,982 per sqft.

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Mortgage on 1701, Act Two

Starts from the last sale price (AED 4.47M, 28 January 2019). Switch to today's estimate once you have unlocked it.
Price
AED 4,472,888
Deposit, UAE resident (20%)
AED 894,578
Deposit, non-resident (40%)
AED 1,789,155
Monthly over 25 years at 3.7%
AED 18,300

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