2-bed · 1,333 sqftBurj Lofts Central, Downtown Dubai · 4th floor · completed 2009

402, Burj Lofts Central

Sold prices and rental history: sold twice, last in December 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 13 December 2015
Last soldAED 2.5M13 December 2015
Current rentAED 130K /yr20 August 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Burj Lofts Central

What is 402 worth today?

Last sold for AED 2,500,000 in 2015

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13 Dec 2015SoldReady
AED 2,500,000AED 1,875 per sqft
20 Aug 2014RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
20 Aug 2013RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
14 Feb 2012Sold by developerReady
AED 2,426,888AED 1,821 per sqft

Source: Dubai Land Department. Updated 13 December 2015.

Key facts

Type
2-bed apartment
Size
1,333 sqft
Floor
4th of 26
Parking
B1 - 1070
Developer
Emaar
Completed
2009
Service charge
AED 28,000 /yr
Last sold
AED 2.5M · December 2015

About 402, Burj Lofts Central

402 is a two-bedroom apartment of 1,333 sqft on the 4th floor of Burj Lofts Central, a 26-storey tower in Downtown Dubai completed in 2009 by Emaar. It last sold on 13 December 2015 for AED 2,500,000, or AED 1,875 per sqft, 11% below the AED 2,099 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 20 August 2014, is AED 130,000 a year: a gross yield of 5.2% on the 2015 price, before the service charge of about AED 28,000 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in Burj Lofts Central
1M2M3M2010201520202025Typical sale price by year: 2010 AED 2,070,888; 2011 AED 1,735,929; 2012 AED 1,850,000; 2013 AED 2,425,000; 2014 AED 3,150,000; 2015 AED 2,797,500; 2019 AED 1,650,000; 2020 AED 1,334,000; 2021 AED 1,600,000; 2022 AED 2,250,000; 2023 AED 2,500,000; 2024 AED 2,590,000; 2025 AED 3,000,000; 2026 AED 3,200,000Sold by developer, February 2012: AED 2,426,888 (AED 1,821 per sqft)Sold, December 2015: AED 2,500,000 (AED 1,875 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in Burj Lofts Central
100K150K2012201620202024Typical rent by year: 2012 AED 129,000; 2013 AED 140,000; 2014 AED 154,675; 2015 AED 165,000; 2016 AED 165,000; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 95,000; 2021 AED 100,000; 2022 AED 120,000; 2023 AED 142,409; 2024 AED 150,000; 2025 AED 165,000; 2026 AED 160,000New contract, August 2013: AED 130,000 a yearNew contract, August 2014: AED 130,000 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 Lofts Central, and where 402 sits

All 72 2-beds →

402 last sold in December 2015 at AED 1,875 per sqft, 11% below what two-beds in Burj Lofts Central were fetching at the time (AED 2,099). Over the last 12 months two-beds sold for AED 2,750,000 to 4,350,000, around AED 2,272 per sqft, and rent for AED 121,500 to 276,000 a year. 402's AED 130,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 20263,200,000
6 Feb 20263,650,000
19 Jan 20262,750,000
15 Dec 20254,350,000
4 2-bed sales in the last 12 months

Burj Lofts Central

Building

321 apartments, studios to 3-bed over 26 floors in Downtown Dubai, completed in 2009 by Emaar. 18 sold in the last 12 months.

Typical price per sqft
AED 2,030 Up 0.5%
Typical sale
AED 1.73M
Typical rent
AED 105K /yr
Typical yield
5.8%
Burj Lofts Central, Downtown Dubai: prices, sales and rents →

Other units on the 4th floor

All 321 units in Burj Lofts Central
Value
4011-bedAED 1.19M · Nov 2021
4032-bedAED 3.1M · Feb 2014
4041-bedAED 1.21M · Dec 2010
4051-bedAED 1.3M · Jun 2010
4061-bedAED 566K · Oct 2010
L4011-bedAED 1.45M · Jul 2024
L4021-bedAED 1.5M · Nov 2022
1–7 of 11

402, Burj Lofts Central in numbers

  • Sold twice: first on 14 February 2012 for AED 2,426,888, last on 13 December 2015 for AED 2,500,000 (AED 1,875 per sqft).
  • Rented since August 2013 on 2 Ejari contracts, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2015 price is 5.2%, before a service charge of about AED 28,000 a year (AED 21.00 per sqft).
  • Two-beds in Burj Lofts Central sold for AED 2,750,000–4,350,000 in the 12 months to November 2026; the building's median across all types is AED 2,030 per sqft.

Source: Dubai Land Department. Updated 13 December 2015.

Questions about 402, Burj Lofts Central

What did unit 402 last sell for?

AED 2,500,000 on 13 December 2015: AED 1,875 per sqft for 1,333 sqft. The unit has 2 registered sales; the first was AED 2,426,888 in February 2012.

What is the rent for unit 402?

AED 130,000 a year on the contract signed on 20 August 2014. The previous contract, from August 2013, was AED 130,000.

How big is unit 402?

1,333 sqft (123.8 sqm): a two-bedroom apartment on the 4th floor of a 26-storey tower completed in 2009.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Burj Lofts Central sold for AED 2,750,000 to 4,350,000 in the last 12 months, around AED 2,272 per sqft.

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Mortgage on 402, Burj Lofts Central

Starts from the last sale price (AED 2.5M, 13 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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