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1-bed · 1,619 sqftBurj Lofts Central, Downtown Dubai · 3rd floor · completed 2009

L318, Burj Lofts Central

Sold prices and rental history: sold 4 times, last in December 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L318 · DLD and Ejari recordsUpdated 21 December 2023
Last soldAED 2.2M21 December 2023
Current rentAED 130K /yr12 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for L318, Burj Lofts Central

What is L318 worth today?

Last sold for AED 2,200,000 in 2023

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21 Dec 2023SoldReady
AED 2,200,000AED 1,358 per sqft
12 Dec 2022RentedNew contract
AED 130,000/yr12 months · AED 81 per sqft
5 Dec 2019RentedRenewal
AED 127,500/yr12 months · AED 79 per sqft
4 Dec 2018RentedNew contract
AED 127,158/yr12 months · AED 79 per sqft
23 Sep 2014SoldReady
AED 2,825,000AED 1,745 per sqft
24 Jun 2013SoldReady
AED 925,000AED 571 per sqft
24 Aug 2010Sold by developerReady
AED 1,500,888AED 1,186 per sqft

Source: Dubai Land Department. Updated 21 December 2023.

Key facts

Type
1-bed apartment
Size
1,619 sqft
Floor
3rd of 26
Parking
B1 - 1170
Developer
Emaar
Completed
2009
Service charge
AED 34,000 /yr
Last sold
AED 2.2M · December 2023
Building
Burj Lofts Central

About L318, Burj Lofts Central

L318 is a one-bedroom apartment of 1,619 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 21 December 2023 for AED 2,200,000, or AED 1,358 per sqft, 14% below the AED 1,577 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 12 December 2022, is AED 130,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 34,000 a year.

Sales and rents for L318 over time

Sales
Unit L318, each saleTypical one-bed in Burj Lofts Central
1M2M3M2010201520202025Typical 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, August 2010: AED 1,500,888 (AED 1,186 per sqft)Sold, June 2013: AED 925,000 (AED 571 per sqft)Sold, September 2014: AED 2,825,000 (AED 1,745 per sqft)Sold, December 2023: AED 2,200,000 (AED 1,358 per sqft)

L318 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit L318, 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, December 2018: AED 127,158 a yearRenewal, December 2019: AED 127,500 a yearNew contract, December 2022: AED 130,000 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 L318 sits

All 233 1-beds →

L318 last sold in December 2023 at AED 1,358 per sqft, 14% below what one-beds in Burj Lofts Central were fetching at the time (AED 1,577). 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. L318's AED 130,000 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

L318, Burj Lofts Central in numbers

  • Sold 4 times: first on 24 August 2010 for AED 1,500,888, last on 21 December 2023 for AED 2,200,000 (AED 1,358 per sqft).
  • Rented since December 2018 on 3 Ejari contracts, from AED 127,158 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 34,000 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 21 December 2023.

Questions about L318, Burj Lofts Central

What did unit L318 last sell for?

AED 2,200,000 on 21 December 2023: AED 1,358 per sqft for 1,619 sqft. The unit has 4 registered sales; the first was AED 1,500,888 in August 2010.

What is the rent for unit L318?

AED 130,000 a year on the contract signed on 12 December 2022. The previous contract, from December 2019, was AED 127,500; the unit has been rented since December 2018.

How big is unit L318?

1,619 sqft (150.4 sqm): a one-bedroom apartment on the 3rd floor of a 26-storey tower completed in 2009.

What is unit L318 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 L318, Burj Lofts Central

Starts from the last sale price (AED 2.2M, 21 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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