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2-bed · 1,416 sqftBurj Lofts Central, Downtown Dubai · 7th floor · completed 2009

703, Burj Lofts Central

Sold prices and rental history: sold twice, last in May 2014, and rented once, from August 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 28 May 2014
Last soldAED 3.35M28 May 2014
Current rentAED 143K /yr1 August 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Burj Lofts Central

What is 703 worth today?

Last sold for AED 3,350,000 in 2014

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28 May 2014SoldReady
AED 3,350,000AED 2,365 per sqft
1 Aug 2013RentedNew contract
AED 142,500/yr12 months · AED 100 per sqft
6 Apr 2011Sold by developerReady
AED 1,350,444AED 953 per sqft

Source: Dubai Land Department. Updated 28 May 2014.

Key facts

Type
2-bed apartment
Size
1,416 sqft
Floor
7th of 26
Parking
B1 - 1084
Developer
Emaar
Completed
2009
Service charge
AED 29,700 /yr
Last sold
AED 3.35M · May 2014
Building
Burj Lofts Central

About 703, Burj Lofts Central

703 is a two-bedroom apartment of 1,416 sqft on the 7th floor of Burj Lofts Central, a 26-storey tower in Downtown Dubai completed in 2009 by Emaar. It last sold on 28 May 2014 for AED 3,350,000, or AED 2,365 per sqft, 18% above the AED 2,002 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2013. The current contract, signed on 1 August 2013, is AED 142,500 a year: a gross yield of 4.3% on the 2014 price, before the service charge of about AED 29,700 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, April 2011: AED 1,350,444 (AED 953 per sqft)Sold, May 2014: AED 3,350,000 (AED 2,365 per sqft)

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

Rents
Unit 703, 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 142,500 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 703 sits

All 72 2-beds →

703 last sold in May 2014 at AED 2,365 per sqft, 18% above what two-beds in Burj Lofts Central were fetching at the time (AED 2,002). 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. 703's AED 142,500 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 7th floor

All 321 units in Burj Lofts Central
Value
7011-bedAED 1.23M · Oct 2018
7022-bedAED 2.46M · Mar 2013
7041-bedAED 1.75M · Dec 2013
7051-bedAED 1.03M · Jun 2010
7061-bedAED 1.73M · Jun 2015

703, Burj Lofts Central in numbers

  • Sold twice: first on 6 April 2011 for AED 1,350,444, last on 28 May 2014 for AED 3,350,000 (AED 2,365 per sqft).
  • Rented since August 2013 on one Ejari contract, at AED 142,500 a year.
  • At AED 142,500 a year the gross yield on the 2014 price is 4.3%, before a service charge of about AED 29,700 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 28 May 2014.

Questions about 703, Burj Lofts Central

What did unit 703 last sell for?

AED 3,350,000 on 28 May 2014: AED 2,365 per sqft for 1,416 sqft. The unit has 2 registered sales; the first was AED 1,350,444 in April 2011.

What is the rent for unit 703?

AED 142,500 a year on the contract signed on 1 August 2013.

How big is unit 703?

1,416 sqft (131.6 sqm): a two-bedroom apartment on the 7th floor of a 26-storey tower completed in 2009.

What is unit 703 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 703, Burj Lofts Central

Starts from the last sale price (AED 3.35M, 28 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,350,000
Deposit, UAE resident (20%)
AED 670,000
Deposit, non-resident (40%)
AED 1,340,000
Monthly over 25 years at 3.7%
AED 13,706

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