2-bed · 1,241 sqftBurj Lofts East, Downtown Dubai · 17th floor · completed 2009

1703, Burj Lofts East

Sold prices and rental history: sold 3 times, last in May 2018, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 16 May 2018
Last soldAED 2.03M16 May 2018
Current rentAED 143K /yr3 February 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1703, Burj Lofts East

What is 1703 worth today?

Last sold for AED 2,030,000 in 2018

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16 May 2018SoldReady
AED 2,030,000AED 1,635 per sqft
2 Apr 2018SoldReady
AED 1,650,000AED 1,329 per sqft
3 Feb 2017RentedNew contract
AED 142,500/yr12 months · AED 115 per sqft
3 Feb 2016RentedNew contract
AED 140,000/yr12 months · AED 113 per sqft
20 Dec 2014RentedNew contract
AED 132,250/yr12 months · AED 107 per sqft
20 Dec 2013RentedNew contract
AED 115,000/yr12 months · AED 93 per sqft
12 Dec 2012RentedNew contract
AED 104,000/yr12 months · AED 84 per sqft
28 Dec 2011Sold by developerReady
AED 1,428,888AED 1,151 per sqft

Source: Dubai Land Department. Updated 16 May 2018.

Key facts

Type
2-bed apartment
Size
1,241 sqft
Floor
17th of 30
Parking
B1 - 1182
Developer
Emaar
Completed
2009
Service charge
AED 26,100 /yr
Last sold
AED 2.03M · May 2018

About 1703, Burj Lofts East

1703 is a two-bedroom apartment of 1,241 sqft on the 17th floor of Burj Lofts East, a 30-storey tower in Downtown Dubai completed in 2009 by Emaar. It last sold on 16 May 2018 for AED 2,030,000, or AED 1,635 per sqft, 3% above the AED 1,584 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 3 February 2017, is AED 142,500 a year: a gross yield of 7.0% on the 2018 price, before the service charge of about AED 26,100 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, each saleTypical two-bed in Burj Lofts East
2M3M2010201520202025Typical sale price by year: 2010 AED 2,044,388; 2011 AED 1,869,888; 2012 AED 1,830,888; 2013 AED 2,500,000; 2014 AED 2,750,000; 2015 AED 2,300,000; 2016 AED 2,100,000; 2018 AED 2,000,000; 2019 AED 1,460,000; 2020 AED 1,392,500; 2022 AED 1,850,000; 2023 AED 2,200,000; 2024 AED 2,437,500; 2025 AED 2,825,000; 2026 AED 2,700,000Sold by developer, December 2011: AED 1,428,888 (AED 1,151 per sqft)Sold, April 2018: AED 1,650,000 (AED 1,329 per sqft)Sold, May 2018: AED 2,030,000 (AED 1,635 per sqft)

1703 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1703, each contractTypical two-bed in Burj Lofts East
100K150K2012201620202024Typical rent by year: 2012 AED 97,000; 2013 AED 125,000; 2014 AED 145,000; 2015 AED 153,625; 2016 AED 147,000; 2017 AED 145,000; 2018 AED 130,000; 2019 AED 115,000; 2020 AED 100,000; 2021 AED 92,750; 2022 AED 106,350; 2023 AED 126,750; 2024 AED 145,000; 2025 AED 157,500; 2026 AED 148,500New contract, December 2012: AED 104,000 a yearNew contract, December 2013: AED 115,000 a yearNew contract, December 2014: AED 132,250 a yearNew contract, February 2016: AED 140,000 a yearNew contract, February 2017: AED 142,500 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 East, and where 1703 sits

All 87 2-beds →

1703 last sold in May 2018 at AED 1,635 per sqft, 3% above what two-beds in Burj Lofts East were fetching at the time (AED 1,584). Over the last 12 months two-beds sold for AED 2,196,547 to 2,900,000, around AED 1,984 per sqft, and rent for AED 65,000 to 250,000 a year. 1703's AED 142,500 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Sep 20262,196,547
14 Sep 20262,260,213
27 Aug 20262,800,000
19 Aug 20262,500,000
10 2-bed sales in the last 12 months

Burj Lofts East

Building

172 apartments, 1-bed to 3-bed over 30 floors in Downtown Dubai, completed in 2009 by Emaar. 17 sold in the last 12 months.

Typical price per sqft
AED 1,953 Down 7.3%
Typical sale
AED 2.45M
Typical rent
AED 115K /yr
Typical yield
6.2%
Burj Lofts East, Downtown Dubai: prices, sales and rents →

Other units on the 17th floor

All 172 units in Burj Lofts East
Value
17012-bedAED 2.2M · Jun 2024
17022-bedAED 650K · Oct 2020
17041-bedAED 1.31M · Jun 2010
17051-bedAED 1.25M · Jun 2022
17061-bedAED 1.38M · Apr 2017

1703, Burj Lofts East in numbers

  • Sold 3 times: first on 28 December 2011 for AED 1,428,888, last on 16 May 2018 for AED 2,030,000 (AED 1,635 per sqft).
  • Rented since December 2012 on 5 Ejari contracts, from AED 104,000 to AED 142,500 a year.
  • At AED 142,500 a year the gross yield on the 2018 price is 7.0%, before a service charge of about AED 26,100 a year (AED 21.00 per sqft).
  • Two-beds in Burj Lofts East sold for AED 2,196,547–2,900,000 in the 12 months to November 2026; the building's median across all types is AED 1,953 per sqft.

Source: Dubai Land Department. Updated 16 May 2018.

Questions about 1703, Burj Lofts East

What did unit 1703 last sell for?

AED 2,030,000 on 16 May 2018: AED 1,635 per sqft for 1,241 sqft. The unit has 3 registered sales; the first was AED 1,428,888 in December 2011.

What is the rent for unit 1703?

AED 142,500 a year on the contract signed on 3 February 2017. The previous contract, from February 2016, was AED 140,000; the unit has been rented since December 2012.

How big is unit 1703?

1,241 sqft (115.3 sqm): a two-bedroom apartment on the 17th floor of a 30-storey tower completed in 2009.

What is unit 1703 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 East sold for AED 2,196,547 to 2,900,000 in the last 12 months, around AED 1,984 per sqft.

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Mortgage on 1703, Burj Lofts East

Starts from the last sale price (AED 2.03M, 16 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,030,000
Deposit, UAE resident (20%)
AED 406,000
Deposit, non-resident (40%)
AED 812,000
Monthly over 25 years at 3.7%
AED 8,305

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