2-bed · 1,306 sqftBurj Lofts Central, Downtown Dubai · 3rd floor · completed 2009

L346, Burj Lofts Central

Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L346 · DLD and Ejari recordsUpdated 25 June 2017
Last soldAED 1.67M4 July 2010
Current rentAED 145K /yr25 June 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for L346, Burj Lofts Central

What is L346 worth today?

Last sold for AED 1,665,888 in 2010

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25 Jun 2017RentedRenewal
AED 145,000/yr12 months · AED 84 per sqft
25 Jun 2016RentedRenewal
AED 145,000/yr12 months · AED 84 per sqft
25 Jun 2015RentedRenewal
AED 138,000/yr12 months · AED 80 per sqft
25 Jun 2014RentedNew contract
AED 120,000/yr12 months · AED 69 per sqft
23 Jun 2013RentedNew contract
AED 105,000/yr12 months · AED 61 per sqft
4 Jul 2010Sold by developerReady
AED 1,665,888AED 1,275 per sqft

Source: Dubai Land Department. Updated 25 June 2017.

Key facts

Type
2-bed apartment
Size
1,306 sqft
Floor
3rd of 26
Parking
B1 - 1109
Developer
Emaar
Completed
2009
Service charge
AED 27,400 /yr
Last sold
AED 1.67M · July 2010

About L346, Burj Lofts Central

L346 is a two-bedroom apartment of 1,306 sqft on the 3rd floor of Burj Lofts Central, a 26-storey tower in Downtown Dubai completed in 2009 by Emaar. The developer sold it on 4 July 2010 for AED 1,665,888, or AED 1,275 per sqft, 28% below the AED 1,782 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 25 June 2017, is AED 145,000 a year: a gross yield of 8.7% on the 2010 price, before the service charge of about AED 27,400 a year.

Sales and rents for L346 over time

Sales
Unit L346, 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 1,665,888 (AED 1,275 per sqft)

L346 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit L346, 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 105,000 a yearNew contract, June 2014: AED 120,000 a yearRenewal, June 2015: AED 138,000 a yearRenewal, June 2016: AED 145,000 a yearRenewal, June 2017: AED 145,000 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 L346 sits

All 72 2-beds →

L346 last sold in July 2010 at AED 1,275 per sqft, 28% below what two-beds in Burj Lofts Central were fetching at the time (AED 1,782). 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. L346's AED 145,000 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

L346, Burj Lofts Central in numbers

  • Sold once: by Emaar on 4 July 2010 for AED 1,665,888, or AED 1,275 per sqft.
  • Rented since June 2013 on 5 Ejari contracts, from AED 105,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2010 price is 8.7%, before a service charge of about AED 27,400 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 25 June 2017.

Questions about L346, Burj Lofts Central

What did unit L346 last sell for?

AED 1,665,888 on 4 July 2010, sold by the developer: AED 1,275 per sqft for 1,306 sqft. It is the only registered sale of the unit.

What is the rent for unit L346?

AED 145,000 a year on the contract renewed on 25 June 2017. The previous contract, from June 2016, was AED 145,000; the unit has been rented since June 2013.

How big is unit L346?

1,306 sqft (121.3 sqm): a two-bedroom apartment on the 3rd floor of a 26-storey tower completed in 2009.

What is unit L346 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 L346, Burj Lofts Central

Starts from the last sale price (AED 1.67M, 4 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,665,888
Deposit, UAE resident (20%)
AED 333,178
Deposit, non-resident (40%)
AED 666,355
Monthly over 25 years at 3.7%
AED 6,816

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