2-bed · 1,373 sqftBurj Al Nujoom, Downtown Dubai · 15th floor · completed 2013

1514, Burj Al Nujoom

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1514 · DLD and Ejari recordsUpdated 8 August 2024
Last soldAED 2M8 August 2024
Current rentAED 83K /yr25 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1514, Burj Al Nujoom

What is 1514 worth today?

Last sold for AED 2,000,000 in 2024

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8 Aug 2024SoldReady
AED 2,000,000AED 1,456 per sqft
25 Oct 2019RentedRenewal
AED 83,000/yr12 months · AED 60 per sqft
25 Oct 2018RentedNew contract
AED 90,000/yr12 months · AED 65 per sqft
1 Dec 2016RentedNew contract
AED 140,000/yr12 months · AED 102 per sqft
2 Aug 2015RentedNew contract
AED 80,000/yr12 months · AED 58 per sqft
3 Oct 2013SoldReady
AED 1,458,688AED 1,062 per sqft
6 Feb 2013Sold by developerReady
AED 1,538,688AED 1,120 per sqft

Source: Dubai Land Department. Updated 8 August 2024.

Key facts

Type
2-bed apartment
Size
1,373 sqft
Floor
15th of 30
Parking
B1-09
Developer
Althuraya Real Estate Development
Completed
2013
Service charge
AED 25,600 /yr
Last sold
AED 2M · August 2024

About 1514, Burj Al Nujoom

1514 is a two-bedroom apartment of 1,373 sqft on the 15th floor of Burj Al Nujoom, a 30-storey tower in Downtown Dubai completed in 2013 by Althuraya Real Estate Development. It last sold on 8 August 2024 for AED 2,000,000, or AED 1,456 per sqft, 30% above the AED 1,122 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 25 October 2019, is AED 83,000 a year: a gross yield of 4.2% on the 2024 price, before the service charge of about AED 25,600 a year.

Sales and rents for 1514 over time

Sales
Unit 1514, each saleTypical two-bed in Burj Al Nujoom
1M2M2012201620202024Typical sale price by year: 2012 AED 1,495,096; 2013 AED 1,648,269; 2014 AED 1,631,574; 2015 AED 2,000,000; 2016 AED 1,725,000; 2017 AED 1,530,000; 2018 AED 1,350,000; 2020 AED 970,000; 2021 AED 937,500; 2022 AED 1,260,000; 2023 AED 1,450,000; 2024 AED 1,730,000; 2025 AED 1,850,000; 2026 AED 2,056,355Sold by developer, February 2013: AED 1,538,688 (AED 1,120 per sqft)Sold, October 2013: AED 1,458,688 (AED 1,062 per sqft)Sold, August 2024: AED 2,000,000 (AED 1,456 per sqft)

1514 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1514, each contractTypical two-bed in Burj Al Nujoom
100K150K2014201820222026Typical rent by year: 2014 AED 126,000; 2015 AED 125,000; 2016 AED 121,375; 2017 AED 115,000; 2018 AED 90,000; 2019 AED 83,500; 2020 AED 70,000; 2021 AED 71,000; 2022 AED 86,000; 2023 AED 100,000; 2024 AED 125,000; 2025 AED 139,813; 2026 AED 142,000New contract, August 2015: AED 80,000 a yearNew contract, December 2016: AED 140,000 a yearNew contract, October 2018: AED 90,000 a yearRenewal, October 2019: AED 83,000 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 Burj Al Nujoom, and where 1514 sits

All 109 2-beds →

1514 last sold in August 2024 at AED 1,456 per sqft, 30% above what two-beds in Burj Al Nujoom were fetching at the time (AED 1,122). Over the last 12 months two-beds sold for AED 1,850,000 to 2,250,000, around AED 1,422 per sqft, and rent for AED 105,000 to 250,000 a year. 1514's AED 83,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Mar 20262,250,000
17 Feb 20262,237,710
12 Jan 20261,850,000
12 Jan 20261,875,000
4 2-bed sales in the last 12 months

Burj Al Nujoom

Building

378 apartments, studios to 3-bed over 30 floors in Downtown Dubai, completed in 2013 by Althuraya Real Estate Development. 20 sold in the last 12 months.

Typical price per sqft
AED 1,515 Down 1.8%
Typical sale
AED 1.1M
Typical rent
AED 67K /yr
Typical yield
7.7%
Burj Al Nujoom, Downtown Dubai: prices, sales and rents →

Other units on the 15th floor

All 378 units in Burj Al Nujoom
Value
1501StudioAED 930K · Jul 2014
1502StudioAED 675K · Dec 2016
1503StudioAED 925K · Jul 2014
15041-bedAED 939K · Apr 2014
15051-bedAED 1.05M · Mar 2024
15062-bedAED 2.4M · Oct 2013
15071-bedAED 1.11M · Nov 2024
1–7 of 13

1514, Burj Al Nujoom in numbers

  • Sold 3 times: first on 6 February 2013 for AED 1,538,688, last on 8 August 2024 for AED 2,000,000 (AED 1,456 per sqft).
  • Rented since August 2015 on 4 Ejari contracts, from AED 80,000 to AED 83,000 a year.
  • At AED 83,000 a year the gross yield on the 2024 price is 4.2%, before a service charge of about AED 25,600 a year (AED 18.68 per sqft).
  • Two-beds in Burj Al Nujoom sold for AED 1,850,000–2,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,515 per sqft.

Source: Dubai Land Department. Updated 8 August 2024.

Questions about 1514, Burj Al Nujoom

What did unit 1514 last sell for?

AED 2,000,000 on 8 August 2024: AED 1,456 per sqft for 1,373 sqft. The unit has 3 registered sales; the first was AED 1,538,688 in February 2013.

What is the rent for unit 1514?

AED 83,000 a year on the contract renewed on 25 October 2019. The previous contract, from October 2018, was AED 90,000; the unit has been rented since August 2015.

How big is unit 1514?

1,373 sqft (127.6 sqm): a two-bedroom apartment on the 15th floor of a 30-storey tower completed in 2013.

What is unit 1514 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Burj Al Nujoom sold for AED 1,850,000 to 2,250,000 in the last 12 months, around AED 1,422 per sqft.

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Mortgage on 1514, Burj Al Nujoom

Starts from the last sale price (AED 2M, 8 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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