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1-bed · 913 sqftBurj Lofts Central, Downtown Dubai · 2nd floor · completed 2009

L247, Burj Lofts Central

Sold prices and rental history: sold twice, last in May 2017, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L247 · DLD and Ejari recordsUpdated 7 November 2024
Last soldAED 1.27M21 May 2017
Current rentAED 108K /yr7 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for L247, Burj Lofts Central

What is L247 worth today?

Last sold for AED 1,266,818 in 2017

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7 Nov 2024RentedNew contract
AED 108,000/yr12 months · AED 118 per sqft
21 May 2017SoldReady
AED 1,266,818AED 1,387 per sqft
10 Oct 2010Sold by developerReady
AED 880,888AED 964 per sqft

Source: Dubai Land Department. Updated 7 November 2024.

Key facts

Type
1-bed apartment
Size
913 sqft
Floor
2nd of 26
Parking
B3 - 3177
Developer
Emaar
Completed
2009
Service charge
AED 19,200 /yr
Last sold
AED 1.27M · May 2017
Building
Burj Lofts Central

About L247, Burj Lofts Central

L247 is a one-bedroom apartment of 913 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 21 May 2017 for AED 1,266,818, or AED 1,387 per sqft, 17% below the AED 1,677 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 7 November 2024. The current contract, signed on 7 November 2024, is AED 108,000 a year: a gross yield of 8.5% on the 2017 price, before the service charge of about AED 19,200 a year.

Sales and rents for L247 over time

Sales
Unit L247, 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 by developer, October 2010: AED 880,888 (AED 964 per sqft)Sold, May 2017: AED 1,266,818 (AED 1,387 per sqft)

L247 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit L247, 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, November 2024: AED 108,000 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 L247 sits

All 233 1-beds →

L247 last sold in May 2017 at AED 1,387 per sqft, 17% below what one-beds in Burj Lofts Central were fetching at the time (AED 1,677). 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. L247's AED 108,000 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

L247, Burj Lofts Central in numbers

  • Sold twice: first on 10 October 2010 for AED 880,888, last on 21 May 2017 for AED 1,266,818 (AED 1,387 per sqft).
  • Rented since November 2024 on one Ejari contract, at AED 108,000 a year.
  • At AED 108,000 a year the gross yield on the 2017 price is 8.5%, before a service charge of about AED 19,200 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 7 November 2024.

Questions about L247, Burj Lofts Central

What did unit L247 last sell for?

AED 1,266,818 on 21 May 2017: AED 1,387 per sqft for 913 sqft. The unit has 2 registered sales; the first was AED 880,888 in October 2010.

What is the rent for unit L247?

AED 108,000 a year on the contract signed on 7 November 2024.

How big is unit L247?

913 sqft (84.8 sqm): a one-bedroom apartment on the 2nd floor of a 26-storey tower completed in 2009.

What is unit L247 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 L247, Burj Lofts Central

Starts from the last sale price (AED 1.27M, 21 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,266,818
Deposit, UAE resident (20%)
AED 253,364
Deposit, non-resident (40%)
AED 506,727
Monthly over 25 years at 3.7%
AED 5,183

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