2-bed · 1,241 sqftBurj Lofts East, Downtown Dubai · 29th floor · completed 2009

2903, Burj Lofts East

Sold prices and rental history: sold twice, last in March 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2903 · DLD and Ejari recordsUpdated 11 December 2019
Last soldAED 1.35M7 March 2011
Current rentAED 135K /yr11 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2903, Burj Lofts East

What is 2903 worth today?

Last sold for AED 1,346,400 in 2011

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11 Dec 2019RentedNew contract
AED 135,000/yr12 months · AED 109 per sqft
19 Jul 2018RentedRenewal
AED 135,000/yr12 months · AED 109 per sqft
19 Jul 2017RentedNew contract
AED 140,000/yr12 months · AED 113 per sqft
19 Jul 2016RentedNew contract
AED 145,000/yr12 months · AED 117 per sqft
25 May 2015RentedNew contract
AED 155,000/yr12 months · AED 125 per sqft
26 Nov 2013RentedNew contract
AED 135,000/yr12 months · AED 109 per sqft
26 Oct 2012RentedNew contract
AED 90,000/yr12 months · AED 73 per sqft
7 Mar 2011SoldReady
AED 1,346,400AED 1,084 per sqft

Source: Dubai Land Department. Updated 11 December 2019.

Key facts

Type
2-bed apartment
Size
1,241 sqft
Floor
29th of 30
Parking
B1 - 1139
Developer
Emaar
Completed
2009
Service charge
AED 26,100 /yr
Last sold
AED 1.35M · March 2011

About 2903, Burj Lofts East

2903 is a two-bedroom apartment of 1,241 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 1,346,400, or AED 1,084 per sqft, 33% below the AED 1,620 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 11 December 2019, is AED 135,000 a year: a gross yield of 10.0% on the 2011 price, before the service charge of about AED 26,100 a year.

Sales and rents for 2903 over time

Sales
Unit 2903, 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 2,074,888 (AED 1,671 per sqft)Sold, March 2011: AED 1,346,400 (AED 1,084 per sqft)

2903 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2903, 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, October 2012: AED 90,000 a yearNew contract, November 2013: AED 135,000 a yearNew contract, May 2015: AED 155,000 a yearNew contract, July 2016: AED 145,000 a yearNew contract, July 2017: AED 140,000 a yearRenewal, July 2018: AED 135,000 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 2903 sits

All 87 2-beds →

2903 last sold in March 2011 at AED 1,084 per sqft, 33% 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. 2903'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
29012-bedAED 1.36M · Mar 2011
29022-bedAED 1.52M · Mar 2011
29041-bedAED 956K · Mar 2011
29051-bedAED 1000K · Mar 2011
29061-bedAED 780K · Mar 2011

2903, Burj Lofts East in numbers

  • Sold twice: first on 28 February 2011 for AED 2,074,888, last on 7 March 2011 for AED 1,346,400 (AED 1,084 per sqft).
  • Rented since October 2012 on 7 Ejari contracts, from AED 90,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2011 price is 10.0%, 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 11 December 2019.

Questions about 2903, Burj Lofts East

What did unit 2903 last sell for?

AED 1,346,400 on 7 March 2011: AED 1,084 per sqft for 1,241 sqft. The unit has 2 registered sales; the first was AED 2,074,888 in February 2011.

What is the rent for unit 2903?

AED 135,000 a year on the contract signed on 11 December 2019. The previous contract, from July 2018, was AED 135,000; the unit has been rented since October 2012.

How big is unit 2903?

1,241 sqft (115.3 sqm): a two-bedroom apartment on the 29th floor of a 30-storey tower completed in 2009.

What is unit 2903 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 2903, Burj Lofts East

Starts from the last sale price (AED 1.35M, 7 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,346,400
Deposit, UAE resident (20%)
AED 269,280
Deposit, non-resident (40%)
AED 538,560
Monthly over 25 years at 3.7%
AED 5,509

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