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2-bed · 1,700 sqftBurj Lofts Central, Downtown Dubai · 3rd floor · completed 2009

L344, Burj Lofts Central

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L344 · DLD and Ejari recordsUpdated 29 August 2024
Last soldAED 2.85M29 August 2024
Current rentAED 140K /yr18 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for L344, Burj Lofts Central

What is L344 worth today?

Last sold for AED 2,850,000 in 2024

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29 Aug 2024SoldReady
AED 2,850,000AED 1,676 per sqft
18 Jan 2022RentedNew contract
AED 140,000/yr12 months · AED 82 per sqft
1 Jun 2020RentedRenewal
AED 145,000/yr12 months · AED 85 per sqft
1 Jun 2019RentedRenewal
AED 165,000/yr12 months · AED 97 per sqft
1 Jun 2018RentedNew contract
AED 165,000/yr12 months · AED 97 per sqft
11 Sep 2014SoldReady
AED 2,723,213AED 1,602 per sqft
24 Jun 2013RentedNew contract
AED 110,250/yr12 months · AED 65 per sqft
4 Jul 2010Sold by developerReady
AED 1,765,888AED 1,356 per sqft

Source: Dubai Land Department. Updated 29 August 2024.

Key facts

Type
2-bed apartment
Size
1,700 sqft
Floor
3rd of 26
Parking
B1 - 1108
Developer
Emaar
Completed
2009
Service charge
AED 35,700 /yr
Last sold
AED 2.85M · August 2024
Building
Burj Lofts Central

About L344, Burj Lofts Central

L344 is a two-bedroom apartment of 1,700 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 29 August 2024 for AED 2,850,000, or AED 1,676 per sqft, 3% below the AED 1,730 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 18 January 2022, is AED 140,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 35,700 a year.

Sales and rents for L344 over time

Sales
Unit L344, 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, July 2010: AED 1,765,888 (AED 1,356 per sqft)Sold, September 2014: AED 2,723,213 (AED 1,602 per sqft)Sold, August 2024: AED 2,850,000 (AED 1,676 per sqft)

L344 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit L344, 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, June 2013: AED 110,250 a yearNew contract, June 2018: AED 165,000 a yearRenewal, June 2019: AED 165,000 a yearRenewal, June 2020: AED 145,000 a yearNew contract, January 2022: AED 140,000 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 L344 sits

All 72 2-beds →

L344 last sold in August 2024 at AED 1,676 per sqft, 3% below what two-beds in Burj Lofts Central were fetching at the time (AED 1,730). 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. L344's AED 140,000 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

L344, Burj Lofts Central in numbers

  • Sold 3 times: first on 4 July 2010 for AED 1,765,888, last on 29 August 2024 for AED 2,850,000 (AED 1,676 per sqft).
  • Rented since June 2013 on 5 Ejari contracts, from AED 110,250 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 35,700 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 29 August 2024.

Questions about L344, Burj Lofts Central

What did unit L344 last sell for?

AED 2,850,000 on 29 August 2024: AED 1,676 per sqft for 1,700 sqft. The unit has 3 registered sales; the first was AED 1,765,888 in July 2010.

What is the rent for unit L344?

AED 140,000 a year on the contract signed on 18 January 2022. The previous contract, from June 2020, was AED 145,000; the unit has been rented since June 2013.

How big is unit L344?

1,700 sqft (157.9 sqm): a two-bedroom apartment on the 3rd floor of a 26-storey tower completed in 2009.

What is unit L344 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 L344, Burj Lofts Central

Starts from the last sale price (AED 2.85M, 29 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,850,000
Deposit, UAE resident (20%)
AED 570,000
Deposit, non-resident (40%)
AED 1,140,000
Monthly over 25 years at 3.7%
AED 11,660

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