2-bed · 1,015 sqftBurj Royale, Downtown Dubai · 7th floor · completed 2022

701, Burj Royale

Sold prices and rental history: sold 3 times, last in February 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 17 February 2022
Last soldAED 2.13M17 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Burj Royale

What is 701 worth today?

Last sold for AED 2,125,000 in 2022

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17 Feb 2022SoldOff-plan
AED 2,125,000AED 2,092 per sqft
10 May 2021SoldOff-plan
AED 1,685,000AED 1,659 per sqft
8 Oct 2019Sold by developerOff-plan
AED 1,818,888AED 1,791 per sqft

Source: Dubai Land Department. Updated 17 February 2022.

Key facts

Type
2-bed apartment
Size
1,015 sqft
Floor
7th of 52
Parking
1
Developer
Old Town Views
Completed
2022
Last sold
AED 2.13M · February 2022
Building
Burj Royale

About 701, Burj Royale

701 is a two-bedroom apartment of 1,015 sqft on the 7th floor of Burj Royale, a 52-storey tower in Downtown Dubai completed in 2022 by Old Town Views . It last sold on 17 February 2022 for AED 2,125,000, or AED 2,092 per sqft, 20% above the AED 1,741 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Burj Royale
2M4M20192021202320252027Typical sale price by year: 2019 AED 1,883,888; 2020 AED 1,758,888; 2021 AED 1,788,388; 2022 AED 2,365,697; 2023 AED 3,000,000; 2024 AED 3,500,000; 2025 AED 4,350,000; 2026 AED 3,725,000Sold by developer, October 2019: AED 1,818,888 (AED 1,791 per sqft)Sold, May 2021: AED 1,685,000 (AED 1,659 per sqft)Sold, February 2022: AED 2,125,000 (AED 2,092 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Burj Royale
180K200K20232024202520262027Typical rent by year: 2023 AED 185,000; 2024 AED 200,000; 2025 AED 197,250; 2026 AED 170,000

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

2-beds in Burj Royale, and where 701 sits

All 304 2-beds →

701 last sold in February 2022 at AED 2,092 per sqft, 20% above what two-beds in Burj Royale were fetching at the time (AED 1,741). Over the last 12 months two-beds sold for AED 2,750,000 to 4,785,000, around AED 3,618 per sqft, and rent for AED 96,000 to 280,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Oct 20263,100,000
27 Oct 20264,400,000
27 Oct 20263,100,000
21 Oct 20263,800,000
24 2-bed sales in the last 12 months

Burj Royale

Building

602 apartments, 1-bed to 3-bed over 52 floors in Downtown Dubai, completed in 2022 by Old Town Views . 39 sold in the last 12 months.

Typical price per sqft
AED 3,288 Down 3.1%
Typical sale
AED 3.1M
Typical rent
AED 150K /yr
Typical yield
5.2%
Burj Royale, Downtown Dubai: prices, sales and rents →

Other units on the 7th floor

All 602 units in Burj Royale
Value
7022-bedAED 1.72M · May 2019
7032-bedAED 1.8M · Mar 2022
7041-bedAED 1.04M · Jun 2019
7051-bedAED 953K · Oct 2021
7061-bedAED 1.83M · Oct 2023
7071-bedAED 1.1M · Apr 2022
7081-bedAED 1.04M · May 2022
1–7 of 12

701, Burj Royale in numbers

  • Sold 3 times: first on 8 October 2019 for AED 1,818,888, last on 17 February 2022 for AED 2,125,000 (AED 2,092 per sqft).
  • Two-beds in Burj Royale sold for AED 2,750,000–4,785,000 in the 12 months to November 2026; the building's median across all types is AED 3,288 per sqft.

Source: Dubai Land Department. Updated 17 February 2022.

Questions about 701, Burj Royale

What did unit 701 last sell for?

AED 2,125,000 on 17 February 2022: AED 2,092 per sqft for 1,015 sqft. The unit has 3 registered sales; the first was AED 1,818,888 in October 2019.

How big is unit 701?

1,015 sqft (94.3 sqm): a two-bedroom apartment on the 7th floor of a 52-storey tower completed in 2022.

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 Royale sold for AED 2,750,000 to 4,785,000 in the last 12 months, around AED 3,618 per sqft.

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Mortgage on 701, Burj Royale

Starts from the last sale price (AED 2.13M, 17 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,125,000
Deposit, UAE resident (20%)
AED 425,000
Deposit, non-resident (40%)
AED 850,000
Monthly over 25 years at 3.7%
AED 8,694

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