1-bed · 1,592 sqftBurj Lofts Central, Downtown Dubai · 3rd floor · completed 2009

L316, Burj Lofts Central

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L316 · DLD and Ejari recordsUpdated 18 May 2023
Last soldAED 1.8M18 May 2023
Current rentAED 90K /yr24 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for L316, Burj Lofts Central

What is L316 worth today?

Last sold for AED 1,800,000 in 2023

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18 May 2023SoldReady
AED 1,800,000AED 1,130 per sqft
24 Feb 2022RentedRenewal
AED 90,000/yr12 months · AED 56 per sqft
24 Feb 2021RentedRenewal
AED 95,000/yr12 months · AED 60 per sqft
25 Feb 2020RentedRenewal
AED 95,256/yr12 months · AED 60 per sqft
25 Feb 2019RentedNew contract
AED 100,000/yr12 months · AED 63 per sqft
17 Nov 2016RentedNew contract
AED 130,000/yr12 months · AED 82 per sqft
30 Mar 2016SoldReady
AED 2,200,000AED 1,381 per sqft
3 Dec 2013Sold by developerReady
AED 1,412,888AED 887 per sqft

Source: Dubai Land Department. Updated 18 May 2023.

Key facts

Type
1-bed apartment
Size
1,592 sqft
Floor
3rd of 26
Parking
B1 - 1168
Developer
Emaar
Completed
2009
Service charge
AED 33,400 /yr
Last sold
AED 1.8M · May 2023

About L316, Burj Lofts Central

L316 is a one-bedroom apartment of 1,592 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 18 May 2023 for AED 1,800,000, or AED 1,130 per sqft, 22% below the AED 1,454 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 24 February 2022, is AED 90,000 a year: a gross yield of 5.0% on the 2023 price, before the service charge of about AED 33,400 a year.

Sales and rents for L316 over time

Sales
Unit L316, each saleTypical one-bed in Burj Lofts Central
1M2M2010201520202025Typical 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, December 2013: AED 1,412,888 (AED 887 per sqft)Sold, March 2016: AED 2,200,000 (AED 1,381 per sqft)Sold, May 2023: AED 1,800,000 (AED 1,130 per sqft)

L316 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit L316, each contractTypical one-bed in Burj Lofts Central
100K2012201620202024Typical 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 2016: AED 130,000 a yearNew contract, February 2019: AED 100,000 a yearRenewal, February 2020: AED 95,256 a yearRenewal, February 2021: AED 95,000 a yearRenewal, February 2022: AED 90,000 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 L316 sits

All 233 1-beds →

L316 last sold in May 2023 at AED 1,130 per sqft, 22% below what one-beds in Burj Lofts Central were fetching at the time (AED 1,454). 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. L316's AED 90,000 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 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

L316, Burj Lofts Central in numbers

  • Sold 3 times: first on 3 December 2013 for AED 1,412,888, last on 18 May 2023 for AED 1,800,000 (AED 1,130 per sqft).
  • Rented since November 2016 on 5 Ejari contracts, from AED 130,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 5.0%, before a service charge of about AED 33,400 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 18 May 2023.

Questions about L316, Burj Lofts Central

What did unit L316 last sell for?

AED 1,800,000 on 18 May 2023: AED 1,130 per sqft for 1,592 sqft. The unit has 3 registered sales; the first was AED 1,412,888 in December 2013.

What is the rent for unit L316?

AED 90,000 a year on the contract renewed on 24 February 2022. The previous contract, from February 2021, was AED 95,000; the unit has been rented since November 2016.

How big is unit L316?

1,592 sqft (147.9 sqm): a one-bedroom apartment on the 3rd floor of a 26-storey tower completed in 2009.

What is unit L316 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 L316, Burj Lofts Central

Starts from the last sale price (AED 1.8M, 18 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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