2-bed · 1,297 sqftBurj Lofts East, Downtown Dubai · 29th floor · completed 2009

2901, Burj Lofts East

Sold prices and rental history: sold twice, last in March 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2901 · DLD and Ejari recordsUpdated 11 December 2019
Last soldAED 1.36M7 March 2011
Current rentAED 135K /yr11 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2901, Burj Lofts East

What is 2901 worth today?

Last sold for AED 1,361,800 in 2011

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11 Dec 2019RentedNew contract
AED 135,000/yr12 months · AED 104 per sqft
4 Oct 2017RentedNew contract
AED 210,000/yr24 months · AED 162 per sqft
23 Jun 2016RentedNew contract
AED 170,000/yr12 months · AED 131 per sqft
1 Jun 2015RentedNew contract
AED 185,000/yr12 months · AED 142 per sqft
7 Mar 2011SoldReady
AED 1,361,800AED 1,049 per sqft
28 Feb 2011Sold by developerReady
AED 2,436,888AED 1,878 per sqft

Source: Dubai Land Department. Updated 11 December 2019.

Key facts

Type
2-bed apartment
Size
1,297 sqft
Floor
29th of 30
Parking
B1 - 1197
Developer
Emaar
Completed
2009
Service charge
AED 27,200 /yr
Last sold
AED 1.36M · March 2011

About 2901, Burj Lofts East

2901 is a two-bedroom apartment of 1,297 sqft on the 29th floor of Burj Lofts East, a 30-storey tower in Downtown Dubai completed in 2009 by Emaar. It last sold on 7 March 2011 for AED 1,361,800, or AED 1,049 per sqft, 35% below the AED 1,620 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 11 December 2019, is AED 135,000 a year: a gross yield of 9.9% on the 2011 price, before the service charge of about AED 27,200 a year.

Sales and rents for 2901 over time

Sales
Unit 2901, 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, February 2011: AED 2,436,888 (AED 1,878 per sqft)Sold, March 2011: AED 1,361,800 (AED 1,049 per sqft)

2901 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2901, each contractTypical two-bed in Burj Lofts East
100K200K2012201620202024Typical 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, June 2015: AED 185,000 a yearNew contract, June 2016: AED 170,000 a yearNew contract, October 2017: AED 210,000 a yearNew contract, December 2019: AED 135,000 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 East, and where 2901 sits

All 87 2-beds →

2901 last sold in March 2011 at AED 1,049 per sqft, 35% below what two-beds in Burj Lofts East were fetching at the time (AED 1,620). 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. 2901's AED 135,000 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 29th floor

All 172 units in Burj Lofts East
Value
29022-bedAED 1.52M · Mar 2011
29032-bedAED 1.35M · Mar 2011
29041-bedAED 956K · Mar 2011
29051-bedAED 1000K · Mar 2011
29061-bedAED 780K · Mar 2011

2901, Burj Lofts East in numbers

  • Sold twice: first on 28 February 2011 for AED 2,436,888, last on 7 March 2011 for AED 1,361,800 (AED 1,049 per sqft).
  • Rented since June 2015 on 4 Ejari contracts, from AED 185,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2011 price is 9.9%, before a service charge of about AED 27,200 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 11 December 2019.

Questions about 2901, Burj Lofts East

What did unit 2901 last sell for?

AED 1,361,800 on 7 March 2011: AED 1,049 per sqft for 1,297 sqft. The unit has 2 registered sales; the first was AED 2,436,888 in February 2011.

What is the rent for unit 2901?

AED 135,000 a year on the contract signed on 11 December 2019. The previous contract, from October 2017, was AED 210,000; the unit has been rented since June 2015.

How big is unit 2901?

1,297 sqft (120.5 sqm): a two-bedroom apartment on the 29th floor of a 30-storey tower completed in 2009.

What is unit 2901 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 2901, Burj Lofts East

Starts from the last sale price (AED 1.36M, 7 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,361,800
Deposit, UAE resident (20%)
AED 272,360
Deposit, non-resident (40%)
AED 544,720
Monthly over 25 years at 3.7%
AED 5,572

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