Studio · 428 sqftBoulevard Central 2, Downtown Dubai · 12th floor · completed 2012

1203, Boulevard Central 2

Sold prices and rental history: sold 4 times, last in January 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 1 December 2023
Last soldAED 1.14M10 January 2018
Current rentAED 65K /yr1 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1203, Boulevard Central 2

What is 1203 worth today?

Last sold for AED 1,140,000 in 2018

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1 Dec 2023RentedNew contract
AED 65,000/yr12 months · AED 152 per sqft
1 Dec 2022RentedNew contract
AED 65,000/yr12 months · AED 151 per sqft
25 Nov 2021RentedRenewal
AED 43,000/yr12 months · AED 100 per sqft
25 Nov 2020RentedNew contract
AED 43,000/yr12 months · AED 100 per sqft
26 Apr 2019RentedNew contract
AED 63,000/yr12 months · AED 146 per sqft
10 Jan 2018SoldReady
AED 1,140,000AED 2,661 per sqft
20 Jul 2017RentedNew contract
AED 75,000/yr12 months · AED 174 per sqft
22 May 2016SoldReady
AED 1,170,000AED 2,731 per sqft

Source: Dubai Land Department. Updated 1 December 2023.

Key facts

Type
Studio apartment
Size
428 sqft
Floor
12th of 22
Parking
B3-3121
Developer
Emaar
Completed
2012
Service charge
AED 10,400 /yr
Last sold
AED 1.14M · January 2018

About 1203, Boulevard Central 2

1203 is a studio of 428 sqft on the 12th floor of Boulevard Central 2, a 22-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 10 January 2018 for AED 1,140,000, or AED 2,661 per sqft, in line with the AED 2,661 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 December 2023, is AED 65,000 a year: a gross yield of 5.7% on the 2018 price, before the service charge of about AED 10,400 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical studio in Boulevard Central 2
500K1M2010201520202025Typical sale price by year: 2010 AED 870,388; 2011 AED 437,444; 2012 AED 691,000; 2013 AED 858,388; 2014 AED 1,045,888; 2015 AED 840,000; 2016 AED 1,100,000; 2018 AED 1,060,000; 2019 AED 765,000; 2021 AED 862,500; 2025 AED 1,190,000; 2026 AED 1,050,000Sold by developer, June 2010: AED 874,888 (AED 2,042 per sqft)Sold, May 2013: AED 437,444 (AED 1,021 per sqft)Sold, May 2016: AED 1,170,000 (AED 2,731 per sqft)Sold, January 2018: AED 1,140,000 (AED 2,661 per sqft)

1203 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1203, each contractTypical studio in Boulevard Central 2
40K60K80K2013201720212025Typical rent by year: 2013 AED 65,000; 2014 AED 75,000; 2015 AED 80,000; 2016 AED 75,175; 2017 AED 75,000; 2018 AED 65,000; 2019 AED 60,000; 2020 AED 48,000; 2021 AED 46,000; 2022 AED 59,000; 2023 AED 70,000; 2024 AED 73,260; 2025 AED 76,500; 2026 AED 68,750New contract, September 2013: AED 65,000 a yearNew contract, July 2017: AED 75,000 a yearNew contract, April 2019: AED 63,000 a yearNew contract, November 2020: AED 43,000 a yearRenewal, November 2021: AED 43,000 a yearNew contract, December 2022: AED 65,000 a yearNew contract, December 2023: AED 65,000 a year

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

Studios in Boulevard Central 2, and where 1203 sits

All 34 studios →

1203 last sold in January 2018 at AED 2,661 per sqft, in line with what studios in Boulevard Central 2 were fetching at the time (AED 2,661). Over the last 12 months studios sold for AED 1,050,000 to 1,270,000, around AED 2,451 per sqft, and rent for AED 60,000 to 78,000 a year. 1203's AED 65,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Jun 20261,050,000
1 May 20261,050,000
16 Jan 20261,270,000
11 Aug 20251,050,000
3 studio sales in the last 12 months

Boulevard Central 2

Building

191 apartments, studios to 3-bed over 22 floors in Downtown Dubai, completed in 2012 by Emaar. 20 sold in the last 12 months.

Typical price per sqft
AED 2,282 Up 1.7%
Typical sale
AED 2.05M
Typical rent
AED 112K /yr
Typical yield
5.6%
Boulevard Central 2, Downtown Dubai: prices, sales and rents →

Other units on the 12th floor

All 191 units in Boulevard Central 2
Value
12012-bedAED 2.02M · Jun 2013
12022-bedAED 3.22M · Dec 2024
1204StudioAED 930K · Nov 2021
12051-bedAED 661K · Nov 2013
12061-bedAED 1.8M · Sep 2024
12071-bedAED 1.95M · Apr 2024
12081-bedAED 2M · Dec 2025
1–7 of 9

1203, Boulevard Central 2 in numbers

  • Sold 4 times: first on 29 June 2010 for AED 874,888, last on 10 January 2018 for AED 1,140,000 (AED 2,661 per sqft).
  • Rented since September 2013 on 7 Ejari contracts. The rent fell from AED 65,000 to AED 43,000 in 2021 and recovered to AED 65,000 by December 2023.
  • At AED 65,000 a year the gross yield on the 2018 price is 5.7%, before a service charge of about AED 10,400 a year (AED 24.19 per sqft).
  • Studios in Boulevard Central 2 sold for AED 1,050,000–1,270,000 in the 12 months to November 2026; the building's median across all types is AED 2,282 per sqft.

Source: Dubai Land Department. Updated 1 December 2023.

Questions about 1203, Boulevard Central 2

What did unit 1203 last sell for?

AED 1,140,000 on 10 January 2018: AED 2,661 per sqft for 428 sqft. The unit has 4 registered sales; the first was AED 874,888 in June 2010.

What is the rent for unit 1203?

AED 65,000 a year on the contract signed on 1 December 2023. The previous contract, from December 2022, was AED 65,000; the unit has been rented since September 2013.

How big is unit 1203?

428 sqft (39.8 sqm): a studio on the 12th floor of a 22-storey tower completed in 2012.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Boulevard Central 2 sold for AED 1,050,000 to 1,270,000 in the last 12 months, around AED 2,451 per sqft.

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Mortgage on 1203, Boulevard Central 2

Starts from the last sale price (AED 1.14M, 10 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,140,000
Deposit, UAE resident (20%)
AED 228,000
Deposit, non-resident (40%)
AED 456,000
Monthly over 25 years at 3.7%
AED 4,664

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