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1-bed · 547 sqftBurj Lofts Central, Downtown Dubai · 2nd floor · completed 2009

L231, Burj Lofts Central

Sold prices and rental history: sold 4 times, last in May 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L231 · DLD and Ejari recordsUpdated 23 May 2023
Last soldAED 1.12M23 May 2023
Current rentAED 50K /yr5 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for L231, Burj Lofts Central

What is L231 worth today?

Last sold for AED 1,120,000 in 2023

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23 May 2023SoldReady
AED 1,120,000AED 2,047 per sqft
5 Oct 2020RentedNew contract
AED 50,000/yr12 months · AED 73 per sqft
15 Sep 2019RentedNew contract
AED 60,000/yr12 months · AED 87 per sqft
10 May 2018RentedNew contract
AED 80,000/yr12 months · AED 116 per sqft
1 Feb 2014RentedNew contract
AED 85,000/yr12 months · AED 123 per sqft
23 Sep 2013SoldReady
AED 1,205,000AED 1,740 per sqft
23 May 2013RentedNew contract
AED 70,000/yr12 months · AED 102 per sqft
25 Sep 2012SoldReady
AED 900,000AED 1,299 per sqft

Source: Dubai Land Department. Updated 23 May 2023.

Key facts

Type
1-bed apartment
Size
547 sqft
Floor
2nd of 26
Parking
B3 - 3156
Developer
Emaar
Completed
2009
Service charge
AED 11,500 /yr
Last sold
AED 1.12M · May 2023
Building
Burj Lofts Central

About L231, Burj Lofts Central

L231 is a one-bedroom apartment of 547 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 23 May 2023 for AED 1,120,000, or AED 2,047 per sqft, 39% above the AED 1,470 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 5 October 2020, is AED 50,000 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 11,500 a year.

Sales and rents for L231 over time

Sales
Unit L231, each saleTypical one-bed in Burj Lofts Central
1M2010201520202025Typical 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, May 2010: AED 413,444 (AED 597 per sqft)Sold, September 2012: AED 900,000 (AED 1,299 per sqft)Sold, September 2013: AED 1,205,000 (AED 1,740 per sqft)Sold, May 2023: AED 1,120,000 (AED 2,047 per sqft)

L231 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit L231, each contractTypical one-bed in Burj Lofts Central
50K75K100K2012201620202024Typical 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, May 2013: AED 70,000 a yearNew contract, February 2014: AED 85,000 a yearNew contract, May 2018: AED 80,000 a yearNew contract, September 2019: AED 60,000 a yearNew contract, October 2020: AED 50,000 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 L231 sits

All 233 1-beds →

L231 last sold in May 2023 at AED 2,047 per sqft, 39% above what one-beds in Burj Lofts Central were fetching at the time (AED 1,470). 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. L231's AED 50,000 is at the bottom 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

L231, Burj Lofts Central in numbers

  • Sold 4 times: first on 26 May 2010 for AED 413,444, last on 23 May 2023 for AED 1,120,000 (AED 2,047 per sqft).
  • Rented since May 2013 on 5 Ejari contracts, from AED 70,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 11,500 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 23 May 2023.

Questions about L231, Burj Lofts Central

What did unit L231 last sell for?

AED 1,120,000 on 23 May 2023: AED 2,047 per sqft for 547 sqft. The unit has 4 registered sales; the first was AED 413,444 in May 2010.

What is the rent for unit L231?

AED 50,000 a year on the contract signed on 5 October 2020. The previous contract, from September 2019, was AED 60,000; the unit has been rented since May 2013.

How big is unit L231?

547 sqft (50.8 sqm): a one-bedroom apartment on the 2nd floor of a 26-storey tower completed in 2009.

What is unit L231 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 L231, Burj Lofts Central

Starts from the last sale price (AED 1.12M, 23 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,120,000
Deposit, UAE resident (20%)
AED 224,000
Deposit, non-resident (40%)
AED 448,000
Monthly over 25 years at 3.7%
AED 4,582

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