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2-bed · 1,284 sqftBoulevard Central 2, Downtown Dubai · 7th floor · completed 2012

701, Boulevard Central 2

Sold prices and rental history: sold 3 times, last in July 2013, and rented once, from December 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 1 December 2016
Last soldAED 3.55M28 July 2013
Current rentAED 120K /yr1 December 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, Boulevard Central 2

What is 701 worth today?

Last sold for AED 3,550,000 in 2013

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1 Dec 2016RentedNew contract
AED 120,000/yr12 months · AED 94 per sqft
28 Jul 2013SoldReady
AED 3,550,000AED 2,765 per sqft
5 Feb 2013SoldReady · flagged as an outlier
AED 1,949,703AED 21,666 per sqft
2 Oct 2012Sold by developerOff-plan
AED 1,949,703AED 1,518 per sqft

Source: Dubai Land Department. Updated 1 December 2016.

Key facts

Type
2-bed apartment
Size
1,284 sqft
Floor
7th of 22
Parking
B1-1037
Developer
Emaar
Completed
2012
Service charge
AED 31,100 /yr
Last sold
AED 3.55M · July 2013
Building
Boulevard Central 2

About 701, Boulevard Central 2

701 is a two-bedroom apartment of 1,284 sqft on the 7th floor of Boulevard Central 2, a 22-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 28 July 2013 for AED 3,550,000, or AED 2,765 per sqft, 68% above the AED 1,647 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 December 2016. The current contract, signed on 1 December 2016, is AED 120,000 a year: a gross yield of 3.4% on the 2013 price, before the service charge of about AED 31,100 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Boulevard Central 2
2M3M4M2010201520202025Typical sale price by year: 2010 AED 2,071,388; 2012 AED 2,111,000; 2013 AED 2,194,444; 2014 AED 2,715,000; 2015 AED 3,800,000; 2016 AED 3,020,000; 2021 AED 1,825,000; 2022 AED 2,075,000; 2023 AED 2,475,000; 2024 AED 2,922,944; 2025 AED 2,825,000; 2026 AED 3,060,000Sold by developer, October 2012: AED 1,949,703 (AED 1,518 per sqft)Sold, July 2013: AED 3,550,000 (AED 2,765 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Boulevard Central 2
100K150K2013201720212025Typical rent by year: 2013 AED 146,500; 2014 AED 161,250; 2015 AED 165,000; 2016 AED 163,750; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 120,000; 2020 AED 95,000; 2021 AED 97,750; 2022 AED 112,750; 2023 AED 135,000; 2024 AED 163,875; 2025 AED 157,500; 2026 AED 165,000New contract, December 2016: AED 120,000 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 Boulevard Central 2, and where 701 sits

All 57 2-beds →

701 last sold in July 2013 at AED 2,765 per sqft, 68% above what two-beds in Boulevard Central 2 were fetching at the time (AED 1,647). Over the last 12 months two-beds sold for AED 2,850,000 to 3,250,000, around AED 2,371 per sqft, and rent for AED 130,000 to 245,000 a year. 701's AED 120,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20263,000,000
29 Sep 20263,120,000
21 Apr 20262,900,000
20 Feb 20263,250,000
5 2-bed 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 7th floor

All 191 units in Boulevard Central 2
Value
7022-bedAED 3.43M · Apr 2013
703StudioAED 765K · Jun 2019
704StudioAED 1.05M · May 2026
7051-bedAED 1.6M · Sep 2013
7061-bedAED 1.43M · Mar 2013
7071-bedAED 1.35M · Apr 2013
7081-bedAED 1.45M · May 2013
1–7 of 9

701, Boulevard Central 2 in numbers

  • Sold 3 times: first on 2 October 2012 for AED 1,949,703, last on 28 July 2013 for AED 3,550,000 (AED 2,765 per sqft).
  • Rented since December 2016 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2013 price is 3.4%, before a service charge of about AED 31,100 a year (AED 24.19 per sqft).
  • Two-beds in Boulevard Central 2 sold for AED 2,850,000–3,250,000 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 2016.

Questions about 701, Boulevard Central 2

What did unit 701 last sell for?

AED 3,550,000 on 28 July 2013: AED 2,765 per sqft for 1,284 sqft. The unit has 3 registered sales; the first was AED 1,949,703 in October 2012.

What is the rent for unit 701?

AED 120,000 a year on the contract signed on 1 December 2016.

How big is unit 701?

1,284 sqft (119.3 sqm): a two-bedroom apartment on the 7th floor of a 22-storey tower completed in 2012.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Boulevard Central 2 sold for AED 2,850,000 to 3,250,000 in the last 12 months, around AED 2,371 per sqft.

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Mortgage on 701, Boulevard Central 2

Starts from the last sale price (AED 3.55M, 28 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,550,000
Deposit, UAE resident (20%)
AED 710,000
Deposit, non-resident (40%)
AED 1,420,000
Monthly over 25 years at 3.7%
AED 14,524

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