2-bed · 1,727 sqftBurj Lofts Central, Downtown Dubai · 3rd floor · completed 2009

L308, Burj Lofts Central

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

Unit L308 · DLD and Ejari recordsUpdated 19 February 2024
Last soldAED 2.8M19 September 2023
Current rentAED 132K /yr19 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for L308, Burj Lofts Central

What is L308 worth today?

Last sold for AED 2,800,000 in 2023

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19 Feb 2024RentedNew contract
AED 132,213/yr8 months · AED 77 per sqft
19 Sep 2023SoldReady
AED 2,800,000AED 1,621 per sqft
19 Feb 2023RentedNew contract
AED 126,000/yr12 months · AED 73 per sqft
19 Feb 2023RentedRenewal
AED 126,000/yr12 months · AED 73 per sqft
19 Feb 2022RentedNew contract
AED 120,000/yr12 months · AED 70 per sqft
20 Jan 2021RentedRenewal
AED 120,000/yr12 months · AED 70 per sqft
20 Jan 2020RentedRenewal
AED 125,000/yr12 months · AED 73 per sqft
20 Jan 2019RentedRenewal
AED 130,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 19 February 2024.

Key facts

Type
2-bed apartment
Size
1,727 sqft
Floor
3rd of 26
Parking
B1 - 1101
Developer
Emaar
Completed
2009
Service charge
AED 36,300 /yr
Last sold
AED 2.8M · September 2023

About L308, Burj Lofts Central

L308 is a two-bedroom apartment of 1,727 sqft on the 3rd floor of Burj Lofts Central, a 26-storey tower in Downtown Dubai completed in 2009 by Emaar. It last sold on 19 September 2023 for AED 2,800,000, or AED 1,621 per sqft.

It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, signed on 19 February 2024, is AED 132,213 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 36,300 a year.

Sales and rents for L308 over time

Sales
Unit L308, each saleTypical two-bed in Burj Lofts Central
1M2M3M2010201520202025Typical sale price by year: 2010 AED 2,070,888; 2011 AED 1,735,929; 2012 AED 1,850,000; 2013 AED 2,425,000; 2014 AED 3,150,000; 2015 AED 2,797,500; 2019 AED 1,650,000; 2020 AED 1,334,000; 2021 AED 1,600,000; 2022 AED 2,250,000; 2023 AED 2,500,000; 2024 AED 2,590,000; 2025 AED 3,000,000; 2026 AED 3,200,000Sold by developer, June 2010: AED 1,721,888 (AED 1,318 per sqft)Sold, April 2011: AED 1,450,000 (AED 1,110 per sqft)Sold, December 2012: AED 2,800,000 (AED 2,143 per sqft)Sold, September 2023: AED 2,800,000 (AED 1,621 per sqft)

L308 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit L308, each contractTypical two-bed in Burj Lofts Central
100K150K2012201620202024Typical rent by year: 2012 AED 129,000; 2013 AED 140,000; 2014 AED 154,675; 2015 AED 165,000; 2016 AED 165,000; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 95,000; 2021 AED 100,000; 2022 AED 120,000; 2023 AED 142,409; 2024 AED 150,000; 2025 AED 165,000; 2026 AED 160,000New contract, September 2016: AED 169,061 a yearNew contract, January 2018: AED 135,000 a yearRenewal, January 2019: AED 130,000 a yearRenewal, January 2020: AED 125,000 a yearRenewal, January 2021: AED 120,000 a yearNew contract, February 2022: AED 120,000 a yearNew contract, February 2023: AED 126,000 a yearRenewal, February 2023: AED 126,000 a yearNew contract, February 2024: AED 132,213 a year

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

2-beds in Burj Lofts Central, and where L308 sits

All 72 2-beds →

Over the last 12 months two-beds sold for AED 2,750,000 to 4,350,000, around AED 2,272 per sqft, and rent for AED 121,500 to 276,000 a year. L308's AED 132,213 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 20263,200,000
6 Feb 20263,650,000
19 Jan 20262,750,000
15 Dec 20254,350,000
4 2-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 3rd floor

All 321 units in Burj Lofts Central
Value
3011-bedAED 1.4M · Jul 2023
3022-bedAED 2.75M · Jan 2026
3032-bedAED 2.35M · May 2013
3041-bedAED 1.21M · Apr 2010
3051-bedAED 1.05M · Jun 2023
3061-bedAED 1.6M · Jun 2016
L3013-bedAED 2.55M · Jul 2013
1–7 of 58

L308, Burj Lofts Central in numbers

  • Sold 4 times: first on 24 June 2010 for AED 1,721,888, last on 19 September 2023 for AED 2,800,000 (AED 1,621 per sqft).
  • Rented since September 2016 on 9 Ejari contracts. The rent fell from AED 169,061 to AED 120,000 in 2022 and recovered to AED 132,213 by February 2024.
  • At AED 132,213 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 36,300 a year (AED 21.00 per sqft).
  • Two-beds in Burj Lofts Central sold for AED 2,750,000–4,350,000 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 February 2024.

Questions about L308, Burj Lofts Central

What did unit L308 last sell for?

AED 2,800,000 on 19 September 2023: AED 1,621 per sqft for 1,727 sqft. The unit has 4 registered sales; the first was AED 1,721,888 in June 2010.

What is the rent for unit L308?

AED 132,213 a year on the contract signed on 19 February 2024. The previous contract, from February 2023, was AED 126,000; the unit has been rented since September 2016.

How big is unit L308?

1,727 sqft (160.4 sqm): a two-bedroom apartment on the 3rd floor of a 26-storey tower completed in 2009.

What is unit L308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Burj Lofts Central sold for AED 2,750,000 to 4,350,000 in the last 12 months, around AED 2,272 per sqft.

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Mortgage on L308, Burj Lofts Central

Starts from the last sale price (AED 2.8M, 19 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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