1-bed · 911 sqftBurj Lofts Central, Downtown Dubai · 1st floor · completed 2009

L124, Burj Lofts Central

Sold prices and rental history: sold 4 times, last in August 2023, and rented once, from June 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L124 · DLD and Ejari recordsUpdated 10 August 2023
Last soldAED 1.85M10 August 2023
Current rentAED 105K /yr5 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for L124, Burj Lofts Central

What is L124 worth today?

Last sold for AED 1,850,000 in 2023

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10 Aug 2023SoldReady
AED 1,850,000AED 2,030 per sqft
13 Jan 2021SoldReady
AED 780,000AED 856 per sqft
5 Jun 2016RentedNew contract
AED 105,000/yr12 months · AED 115 per sqft
23 Mar 2015SoldReady
AED 1,615,000AED 1,772 per sqft
29 Apr 2013Sold by developerReady
AED 953,888AED 1,047 per sqft

Source: Dubai Land Department. Updated 10 August 2023.

Key facts

Type
1-bed apartment
Size
911 sqft
Floor
1st of 26
Parking
B3 - 3087
Developer
Emaar
Completed
2009
Service charge
AED 19,100 /yr
Last sold
AED 1.85M · August 2023

About L124, Burj Lofts Central

L124 is a one-bedroom apartment of 911 sqft on the 1st floor of Burj Lofts Central, a 26-storey tower in Downtown Dubai completed in 2009 by Emaar. It last sold on 10 August 2023 for AED 1,850,000, or AED 2,030 per sqft, 32% above the AED 1,538 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 June 2016. The current contract, signed on 5 June 2016, is AED 105,000 a year: a gross yield of 5.7% on the 2023 price, before the service charge of about AED 19,100 a year.

Sales and rents for L124 over time

Sales
Unit L124, each saleTypical one-bed in Burj Lofts Central
1M1.5M2M2010201520202025Typical sale price by year: 2010 AED 1,037,888; 2011 AED 853,944; 2012 AED 1,029,500; 2013 AED 1,285,000; 2014 AED 1,600,000; 2015 AED 1,475,000; 2016 AED 1,377,500; 2017 AED 1,287,453; 2018 AED 1,300,000; 2019 AED 1,062,500; 2020 AED 760,000; 2021 AED 922,500; 2022 AED 1,330,000; 2023 AED 1,350,000; 2024 AED 1,612,500; 2025 AED 1,715,000; 2026 AED 1,650,000Sold by developer, April 2013: AED 953,888 (AED 1,047 per sqft)Sold, March 2015: AED 1,615,000 (AED 1,772 per sqft)Sold, January 2021: AED 780,000 (AED 856 per sqft)Sold, August 2023: AED 1,850,000 (AED 2,030 per sqft)

L124 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit L124, each contractTypical one-bed in Burj Lofts Central
60K80K100K2012201620202024Typical rent by year: 2012 AED 70,000; 2013 AED 84,500; 2014 AED 97,000; 2015 AED 100,000; 2016 AED 105,000; 2017 AED 97,610; 2018 AED 89,751; 2019 AED 78,000; 2020 AED 65,000; 2021 AED 65,000; 2022 AED 75,000; 2023 AED 87,500; 2024 AED 105,000; 2025 AED 105,000; 2026 AED 100,000New contract, June 2016: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Burj Lofts Central, and where L124 sits

All 233 1-beds →

L124 last sold in August 2023 at AED 2,030 per sqft, 32% above what one-beds in Burj Lofts Central were fetching at the time (AED 1,538). Over the last 12 months one-beds sold for AED 1,360,000 to 2,300,000, around AED 1,989 per sqft, and rent for AED 59,839 to 230,000 a year. L124's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Oct 20261,650,000
2 Oct 20261,740,000
13 Aug 20261,360,000
7 Aug 202650,196
14 1-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 1st floor

All 321 units in Burj Lofts Central
Value
L1011-bedAED 1.13M · Jul 2012
L1021-bedAED 910K · Aug 2011
L1031-bedAED 2.25M · Jan 2025
L104StudioAED 803K · Dec 2014
L1051-bedAED 1.55M · Jun 2015
L1061-bedAED 1.12M · Jul 2010
L1071-bedAED 1.65M · Jul 2026
1–7 of 56

L124, Burj Lofts Central in numbers

  • Sold 4 times: first on 29 April 2013 for AED 953,888, last on 10 August 2023 for AED 1,850,000 (AED 2,030 per sqft).
  • Rented since June 2016 on one Ejari contract, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2023 price is 5.7%, before a service charge of about AED 19,100 a year (AED 21.00 per sqft).
  • One-beds in Burj Lofts Central sold for AED 1,360,000–2,300,000 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 10 August 2023.

Questions about L124, Burj Lofts Central

What did unit L124 last sell for?

AED 1,850,000 on 10 August 2023: AED 2,030 per sqft for 911 sqft. The unit has 4 registered sales; the first was AED 953,888 in April 2013.

What is the rent for unit L124?

AED 105,000 a year on the contract signed on 5 June 2016.

How big is unit L124?

911 sqft (84.6 sqm): a one-bedroom apartment on the 1st floor of a 26-storey tower completed in 2009.

What is unit L124 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Burj Lofts Central sold for AED 1,360,000 to 2,300,000 in the last 12 months, around AED 1,989 per sqft.

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Mortgage on L124, Burj Lofts Central

Starts from the last sale price (AED 1.85M, 10 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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