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1-bed · 688 sqftBurj Lofts Central, Downtown Dubai · 2nd floor · completed 2009

L246, Burj Lofts Central

Sold prices and rental history: sold twice, last in December 2016, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L246 · DLD and Ejari recordsUpdated 1 July 2018
Last soldAED 550K27 December 2016
Current rentAED 77K /yr1 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for L246, Burj Lofts Central

What is L246 worth today?

Last sold for AED 550,000 in 2016

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1 Jul 2018RentedNew contract
AED 77,000/yr12 months · AED 112 per sqft
22 Apr 2017RentedNew contract
AED 89,250/yr12 months · AED 130 per sqft
27 Dec 2016SoldReady
AED 550,000AED 799 per sqft
23 Apr 2016RentedRenewal
AED 89,250/yr12 months · AED 130 per sqft
23 Apr 2015RentedNew contract
AED 85,000/yr12 months · AED 124 per sqft
19 Feb 2014RentedRenewal
AED 80,000/yr12 months · AED 116 per sqft
19 Feb 2013RentedNew contract
AED 80,000/yr12 months · AED 116 per sqft
15 May 2012RentedRenewal
AED 60,000/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 1 July 2018.

Key facts

Type
1-bed apartment
Size
688 sqft
Floor
2nd of 26
Parking
B3 - 3167
Developer
Emaar
Completed
2009
Service charge
AED 14,500 /yr
Last sold
AED 550K · December 2016
Building
Burj Lofts Central

About L246, Burj Lofts Central

L246 is a one-bedroom apartment of 688 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 27 December 2016 for AED 550,000, or AED 799 per sqft, 52% below the AED 1,656 one-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 8 Ejari contracts. The current contract, signed on 1 July 2018, is AED 77,000 a year: a gross yield of 14.0% on the 2016 price, before the service charge of about AED 14,500 a year.

Sales and rents for L246 over time

Sales
Unit L246, 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, July 2010: AED 826,888 (AED 1,201 per sqft)Sold, December 2016: AED 550,000 (AED 799 per sqft)

L246 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit L246, each contractTypical one-bed in Burj Lofts Central
75K100K20112015201920232027Typical 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 2011: AED 60,000 a yearRenewal, May 2012: AED 60,000 a yearNew contract, February 2013: AED 80,000 a yearRenewal, February 2014: AED 80,000 a yearNew contract, April 2015: AED 85,000 a yearRenewal, April 2016: AED 89,250 a yearNew contract, April 2017: AED 89,250 a yearNew contract, July 2018: AED 77,000 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 L246 sits

All 233 1-beds →

L246 last sold in December 2016 at AED 799 per sqft, 52% below what one-beds in Burj Lofts Central were fetching at the time (AED 1,656). 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. L246's AED 77,000 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

L246, Burj Lofts Central in numbers

  • Sold twice: first on 4 July 2010 for AED 826,888, last on 27 December 2016 for AED 550,000 (AED 799 per sqft).
  • Rented since May 2011 on 8 Ejari contracts, from AED 60,000 to AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2016 price is 14.0%, before a service charge of about AED 14,500 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 1 July 2018.

Questions about L246, Burj Lofts Central

What did unit L246 last sell for?

AED 550,000 on 27 December 2016: AED 799 per sqft for 688 sqft. The unit has 2 registered sales; the first was AED 826,888 in July 2010.

What is the rent for unit L246?

AED 77,000 a year on the contract signed on 1 July 2018. The previous contract, from April 2017, was AED 89,250; the unit has been rented since May 2011.

How big is unit L246?

688 sqft (63.9 sqm): a one-bedroom apartment on the 2nd floor of a 26-storey tower completed in 2009.

What is unit L246 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 L246, Burj Lofts Central

Starts from the last sale price (AED 550K, 27 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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