2-bed · 1,297 sqftBurj Lofts West, Downtown Dubai · 7th floor · completed 2009

701, Burj Lofts West

Sold prices and rental history: sold twice, last in May 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 6 May 2021
Last soldAED 1.6M6 May 2021
Current rentAED 77K /yr8 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Burj Lofts West

What is 701 worth today?

Last sold for AED 1,600,000 in 2021

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6 May 2021SoldReady
AED 1,600,000AED 1,233 per sqft
8 Oct 2020RentedNew contract
AED 77,000/yr12 months · AED 59 per sqft
12 Nov 2019RentedRenewal
AED 110,000/yr12 months · AED 84 per sqft
12 Nov 2018RentedRenewal
AED 120,000/yr12 months · AED 92 per sqft
12 Nov 2017RentedNew contract
AED 125,000/yr12 months · AED 96 per sqft
30 Nov 2016RentedNew contract
AED 150,000/yr12 months · AED 115 per sqft
30 Nov 2015RentedRenewal
AED 150,000/yr12 months · AED 115 per sqft
30 Nov 2014RentedNew contract
AED 150,000/yr12 months · AED 115 per sqft

Source: Dubai Land Department. Updated 6 May 2021.

Key facts

Type
2-bed apartment
Size
1,297 sqft
Floor
7th of 30
Parking
B1 - 1062
Developer
Emaar
Completed
2009
Service charge
AED 27,200 /yr
Last sold
AED 1.6M · May 2021

About 701, Burj Lofts West

701 is a two-bedroom apartment of 1,297 sqft on the 7th floor of Burj Lofts West, a 30-storey tower in Downtown Dubai completed in 2009 by Emaar. It last sold on 6 May 2021 for AED 1,600,000, or AED 1,233 per sqft, 13% above the AED 1,096 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 8 October 2020, is AED 77,000 a year: a gross yield of 4.8% on the 2021 price, before the service charge of about AED 27,200 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Burj Lofts West
2M3M2010201520202025Typical sale price by year: 2010 AED 2,223,888; 2011 AED 1,851,388; 2012 AED 2,080,065; 2013 AED 2,500,000; 2014 AED 2,912,000; 2015 AED 2,311,000; 2016 AED 2,275,000; 2017 AED 1,875,000; 2018 AED 2,205,000; 2019 AED 1,500,000; 2021 AED 1,550,000; 2022 AED 2,000,000; 2023 AED 2,400,000; 2024 AED 2,375,000; 2025 AED 2,525,000; 2026 AED 3,100,000Sold by developer, May 2010: AED 2,446,888 (AED 1,886 per sqft)Sold, May 2021: AED 1,600,000 (AED 1,233 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Burj Lofts West
100K150K2012201620202024Typical rent by year: 2012 AED 111,500; 2013 AED 125,500; 2014 AED 150,000; 2015 AED 150,000; 2016 AED 145,000; 2017 AED 140,000; 2018 AED 130,000; 2019 AED 107,500; 2020 AED 95,000; 2021 AED 94,691; 2022 AED 115,500; 2023 AED 131,000; 2024 AED 150,000; 2025 AED 164,118; 2026 AED 165,000New contract, February 2014: AED 120,000 a yearNew contract, November 2014: AED 150,000 a yearRenewal, November 2015: AED 150,000 a yearNew contract, November 2016: AED 150,000 a yearNew contract, November 2017: AED 125,000 a yearRenewal, November 2018: AED 120,000 a yearRenewal, November 2019: AED 110,000 a yearNew contract, October 2020: AED 77,000 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 West, and where 701 sits

All 87 2-beds →

701 last sold in May 2021 at AED 1,233 per sqft, 13% above what two-beds in Burj Lofts West were fetching at the time (AED 1,096). Over the last 12 months two-beds sold for AED 2,450,000 to 3,350,000, around AED 2,084 per sqft, and rent for AED 110,000 to 443,000 a year. 701's AED 77,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Aug 20262,725,000
24 Apr 20263,100,000
6 Jan 20263,350,000
29 Dec 20252,525,000
6 2-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 7th floor

All 171 units in Burj Lofts West
Value
7022-bedAED 3.35M · Jan 2026
7032-bedAED 1.96M · Jun 2010
7041-bedAED 12K · Aug 2026
7051-bedAED 1.1M · Jun 2021
7061-bedAED 1.14M · Mar 2022

701, Burj Lofts West in numbers

  • Sold twice: first on 12 May 2010 for AED 2,446,888, last on 6 May 2021 for AED 1,600,000 (AED 1,233 per sqft).
  • Rented since February 2014 on 8 Ejari contracts, from AED 120,000 to AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2021 price is 4.8%, before a service charge of about AED 27,200 a year (AED 21.00 per sqft).
  • Two-beds in Burj Lofts West sold for AED 2,450,000–3,350,000 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 6 May 2021.

Questions about 701, Burj Lofts West

What did unit 701 last sell for?

AED 1,600,000 on 6 May 2021: AED 1,233 per sqft for 1,297 sqft. The unit has 2 registered sales; the first was AED 2,446,888 in May 2010.

What is the rent for unit 701?

AED 77,000 a year on the contract signed on 8 October 2020. The previous contract, from November 2019, was AED 110,000; the unit has been rented since February 2014.

How big is unit 701?

1,297 sqft (120.5 sqm): a two-bedroom apartment on the 7th floor of a 30-storey tower completed in 2009.

What is unit 701 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 West sold for AED 2,450,000 to 3,350,000 in the last 12 months, around AED 2,084 per sqft.

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Mortgage on 701, Burj Lofts West

Starts from the last sale price (AED 1.6M, 6 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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