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1-bed · 1,230 sqftBurj Lofts Central, Downtown Dubai · 2nd floor · completed 2009

L221, Burj Lofts Central

Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L221 · DLD and Ejari recordsUpdated 19 December 2023
Last soldAED 1.6M19 December 2023
Current rentAED 84K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for L221, Burj Lofts Central

What is L221 worth today?

Last sold for AED 1,600,000 in 2023

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19 Dec 2023SoldReady
AED 1,600,000AED 1,300 per sqft
1 Feb 2023RentedRenewal
AED 84,000/yr12 months · AED 68 per sqft
1 Feb 2022RentedNew contract
AED 80,000/yr12 months · AED 65 per sqft
15 Aug 2021SoldReady
AED 1,200,000AED 975 per sqft
21 Jun 2020RentedNew contract
AED 72,000/yr12 months · AED 59 per sqft
1 May 2019RentedNew contract
AED 85,000/yr12 months · AED 69 per sqft
1 Feb 2018RentedNew contract
AED 105,000/yr12 months · AED 86 per sqft
17 Jun 2010Sold by developerReady · flagged as an outlier
AED 629,944AED 512 per sqft

Source: Dubai Land Department. Updated 19 December 2023.

Key facts

Type
1-bed apartment
Size
1,230 sqft
Floor
2nd of 26
Parking
B1 - 1164
Developer
Emaar
Completed
2009
Service charge
AED 25,800 /yr
Last sold
AED 1.6M · December 2023
Building
Burj Lofts Central

About L221, Burj Lofts Central

L221 is a one-bedroom apartment of 1,230 sqft on the 2nd floor of Burj Lofts Central, a 26-storey tower in Downtown Dubai completed in 2009 by Emaar. It last sold on 19 December 2023 for AED 1,600,000, or AED 1,300 per sqft, 19% below the AED 1,602 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 84,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 25,800 a year.

Sales and rents for L221 over time

Sales
Unit L221, each saleTypical one-bed in Burj Lofts Central
1M1.5M2010201520202025Typical 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, August 2021: AED 1,200,000 (AED 975 per sqft)Sold, December 2023: AED 1,600,000 (AED 1,300 per sqft)

L221 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit L221, 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, February 2018: AED 105,000 a yearNew contract, May 2019: AED 85,000 a yearNew contract, June 2020: AED 72,000 a yearNew contract, February 2022: AED 80,000 a yearRenewal, February 2023: AED 84,000 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 L221 sits

All 233 1-beds →

L221 last sold in December 2023 at AED 1,300 per sqft, 19% below what one-beds in Burj Lofts Central were fetching at the time (AED 1,602). 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. L221's AED 84,000 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 2nd floor

All 321 units in Burj Lofts Central
Value
2011-bedAED 1.08M · Nov 2021
2022-bedAED 2M · Sep 2018
2032-bedAED 2.13M · Jan 2013
2041-bedAED 1.13M · May 2010
2051-bedAED 1.21M · Oct 2015
2061-bedAED 1.12M · Jun 2010
L2011-bedAED 539K · Apr 2011
1–7 of 62

L221, Burj Lofts Central in numbers

  • Sold 3 times: first on 17 June 2010 for AED 629,944, last on 19 December 2023 for AED 1,600,000 (AED 1,300 per sqft).
  • Rented since February 2018 on 5 Ejari contracts. The rent fell from AED 105,000 to AED 72,000 in 2020 and recovered to AED 84,000 by February 2023.
  • At AED 84,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 25,800 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 19 December 2023.

Questions about L221, Burj Lofts Central

What did unit L221 last sell for?

AED 1,600,000 on 19 December 2023: AED 1,300 per sqft for 1,230 sqft. The unit has 3 registered sales; the first was AED 629,944 in June 2010.

What is the rent for unit L221?

AED 84,000 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 80,000; the unit has been rented since February 2018.

How big is unit L221?

1,230 sqft (114.3 sqm): a one-bedroom apartment on the 2nd floor of a 26-storey tower completed in 2009.

What is unit L221 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 L221, Burj Lofts Central

Starts from the last sale price (AED 1.6M, 19 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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