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1-bed · 884 sqftBurj Lofts West, Downtown Dubai · 23rd floor · completed 2009

2304, Burj Lofts West

Sold prices and rental history: sold twice, last in May 2011, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2304 · DLD and Ejari recordsUpdated 16 March 2023
Last soldAED 720K2 May 2011
Current rentAED 110K /yr16 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2304, Burj Lofts West

What is 2304 worth today?

Last sold for AED 720,000 in 2011

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16 Mar 2023RentedNew contract
AED 110,000/yr12 months · AED 125 per sqft
16 Mar 2022RentedRenewal
AED 75,000/yr12 months · AED 85 per sqft
16 Mar 2021RentedNew contract
AED 75,000/yr12 months · AED 85 per sqft
2 May 2011SoldReady
AED 720,000AED 814 per sqft
1 May 2011Sold by developerReady
AED 1,369,888AED 1,549 per sqft

Source: Dubai Land Department. Updated 16 March 2023.

Key facts

Type
1-bed apartment
Size
884 sqft
Floor
23rd of 30
Parking
B2 - 2040
Developer
Emaar
Completed
2009
Service charge
AED 18,600 /yr
Last sold
AED 720K · May 2011
Building
Burj Lofts West

About 2304, Burj Lofts West

2304 is a one-bedroom apartment of 884 sqft on the 23rd floor of Burj Lofts West, a 30-storey tower in Downtown Dubai completed in 2009 by Emaar. It last sold on 2 May 2011 for AED 720,000, or AED 814 per sqft, 46% below the AED 1,513 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 16 March 2023, is AED 110,000 a year: a gross yield of 15.3% on the 2011 price, before the service charge of about AED 18,600 a year.

Sales and rents for 2304 over time

Sales
Unit 2304, each saleTypical one-bed in Burj Lofts West
1M2M2010201520202025Typical sale price by year: 2010 AED 1,246,388; 2011 AED 1,229,388; 2012 AED 1,230,888; 2013 AED 1,394,944; 2014 AED 1,700,000; 2015 AED 1,433,888; 2016 AED 1,650,000; 2017 AED 1,275,000; 2018 AED 1,042,333; 2020 AED 850,000; 2021 AED 1,035,000; 2022 AED 1,157,500; 2023 AED 1,500,000; 2024 AED 1,609,000; 2025 AED 1,800,000; 2026 AED 1,967,500Sold, May 2011: AED 720,000 (AED 814 per sqft)Sold by developer, May 2011: AED 1,369,888 (AED 1,549 per sqft)

2304 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2304, each contractTypical one-bed in Burj Lofts West
75K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 82,000; 2014 AED 100,000; 2015 AED 103,035; 2016 AED 100,000; 2017 AED 95,000; 2018 AED 89,759; 2019 AED 75,000; 2020 AED 65,000; 2021 AED 64,444; 2022 AED 78,750; 2023 AED 95,000; 2024 AED 110,000; 2025 AED 115,000; 2026 AED 110,000New contract, March 2021: AED 75,000 a yearRenewal, March 2022: AED 75,000 a yearNew contract, March 2023: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Burj Lofts West, and where 2304 sits

All 83 1-beds →

2304 last sold in May 2011 at AED 814 per sqft, 46% below what one-beds in Burj Lofts West were fetching at the time (AED 1,513). Over the last 12 months one-beds sold for AED 1,675,000 to 2,215,000, around AED 2,225 per sqft, and rent for AED 80,000 to 170,000 a year. 2304's AED 110,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Aug 202611,783
4 Aug 20261,675,000
27 Jul 202615,249
18 Jun 20261,735,000
8 1-bed sales in the last 12 months

Burj Lofts West

Building

171 apartments, 1-bed to 3-bed over 30 floors in Downtown Dubai, completed in 2009 by Emaar. 14 sold in the last 12 months.

Typical price per sqft
AED 2,084 Up 5.8%
Typical sale
AED 2.49M
Typical rent
AED 129K /yr
Typical yield
6.1%
Burj Lofts West, Downtown Dubai: prices, sales and rents →

Other units on the 23rd floor

All 171 units in Burj Lofts West
Value
23012-bedAED 2.32M · Nov 2010
23022-bedAED 2.58M · Aug 2010
23032-bedAED 1.27M · Dec 2010
23051-bedAED 1.38M · Jan 2011
23061-bedAED 625K · Jun 2010

2304, Burj Lofts West in numbers

  • Sold twice: first on 1 May 2011 for AED 1,369,888, last on 2 May 2011 for AED 720,000 (AED 814 per sqft).
  • Rented since March 2021 on 3 Ejari contracts, from AED 75,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2011 price is 15.3%, before a service charge of about AED 18,600 a year (AED 21.00 per sqft).
  • One-beds in Burj Lofts West sold for AED 1,675,000–2,215,000 in the 12 months to November 2026; the building's median across all types is AED 2,084 per sqft.

Source: Dubai Land Department. Updated 16 March 2023.

Questions about 2304, Burj Lofts West

What did unit 2304 last sell for?

AED 720,000 on 2 May 2011: AED 814 per sqft for 884 sqft. The unit has 2 registered sales; the first was AED 1,369,888 in May 2011.

What is the rent for unit 2304?

AED 110,000 a year on the contract signed on 16 March 2023. The previous contract, from March 2022, was AED 75,000; the unit has been rented since March 2021.

How big is unit 2304?

884 sqft (82.1 sqm): a one-bedroom apartment on the 23rd floor of a 30-storey tower completed in 2009.

What is unit 2304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Burj Lofts West sold for AED 1,675,000 to 2,215,000 in the last 12 months, around AED 2,225 per sqft.

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Mortgage on 2304, Burj Lofts West

Starts from the last sale price (AED 720K, 2 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 720,000
Deposit, UAE resident (20%)
AED 144,000
Deposit, non-resident (40%)
AED 288,000
Monthly over 25 years at 3.7%
AED 2,946

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