702, Burj Lofts Central
Sold prices and rental history: sold once, by the developer in March 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Burj Lofts Central
What is 702 worth today?
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Source: Dubai Land Department. Updated 15 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,333 sqft
- Floor
- 7th of 26
- Parking
- B1 - 1067
- Developer
- Emaar
- Completed
- 2009
- Service charge
- AED 28,000 /yr
- Last sold
- AED 2.46M · March 2013
- Building
- Burj Lofts Central
About 702, Burj Lofts Central
702 is a two-bedroom apartment of 1,333 sqft on the 7th floor of Burj Lofts Central, a 26-storey tower in Downtown Dubai completed in 2009 by Emaar. The developer sold it on 28 March 2013 for AED 2,459,888, or AED 1,845 per sqft, 40% above the AED 1,320 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 15 May 2024, is AED 120,000 a year: a gross yield of 4.9% on the 2013 price, before the service charge of about AED 28,000 a year.
Sales and rents for 702 over time
702 has sold once; the dashed line is the two-bed median of each year in the building.
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 702 sits
All 72 2-beds →702 last sold in March 2013 at AED 1,845 per sqft, 40% above what two-beds in Burj Lofts Central were fetching at the time (AED 1,320). 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. 702's AED 120,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Sep 202611 September 2026 | 1,564 sqft | 3,200,000 | 2,046 | ||
| 6 Feb 20266 February 2026 | 1,416 sqft | 3,650,000 | 2,577 | ||
| 19 Jan 202619 January 2026 | 1,333 sqft | 2,750,000 | 2,063 | ||
| 15 Dec 202515 December 2025 | 1,753 sqft | 4,350,000 | 2,481 |
Burj Lofts Central
Building321 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%
Other units on the 7th floor
All 321 units in Burj Lofts Central| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 870 sqft | AED 1.23MAED 1,230,000 · Oct 2018October 2018 | 115,000 /yr | |
| 703 | 2-bed | 1,416 sqft | AED 3.35MAED 3,350,000 · May 2014May 2014 | 142,500 /yr | |
| 704 | 1-bed | 1,011 sqft | AED 1.75MAED 1,745,000 · Dec 2013December 2013 | 115,000 /yr | |
| 705 | 1-bed | 690 sqft | AED 1.03MAED 1,032,888 · Jun 2010June 2010 | 100,000 /yr | |
| 706 | 1-bed | 896 sqft | AED 1.73MAED 1,725,000 · Jun 2015June 2015 | 110,000 /yr |
702, Burj Lofts Central in numbers
- Sold once: by Emaar on 28 March 2013 for AED 2,459,888, or AED 1,845 per sqft.
- Rented since November 2015 on 8 Ejari contracts. The rent fell from AED 160,000 to AED 85,000 in 2020 and recovered to AED 120,000 by May 2024.
- At AED 120,000 a year the gross yield on the 2013 price is 4.9%, 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 15 May 2024.
Questions about 702, Burj Lofts Central
What did unit 702 last sell for?
AED 2,459,888 on 28 March 2013, sold by the developer: AED 1,845 per sqft for 1,333 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 120,000 a year on the contract renewed on 15 May 2024. The previous contract, from May 2023, was AED 100,000; the unit has been rented since November 2015.
How big is unit 702?
1,333 sqft (123.8 sqm): a two-bedroom apartment on the 7th floor of a 26-storey tower completed in 2009.
What is unit 702 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 702, Burj Lofts Central
Starts from the last sale price (AED 2.46M, 28 March 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,459,888
- Deposit, UAE resident (20%)
- AED 491,978
- Deposit, non-resident (40%)
- AED 983,955
- Monthly over 25 years at 3.7%
- AED 10,064
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →