1-bed · 742 sqftDowntown Views 2 - Tower 2, Downtown Dubai · 7th floor · completed 2022

701, Downtown Views 2 - Tower 2

Sold prices and rental history: sold twice, last in October 2023, 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 11 October 2023
Last soldAED 1.85M11 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Downtown Views 2 - Tower 2

What is 701 worth today?

Last sold for AED 1,850,000 in 2023

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11 Oct 2023SoldReady
AED 1,850,000AED 2,492 per sqft
24 Sep 2017Sold by developerOff-plan
AED 1,262,888AED 1,733 per sqft

Source: Dubai Land Department. Updated 11 October 2023.

Key facts

Type
1-bed apartment
Size
742 sqft
Floor
7th of 57
Parking
P3-312
Developer
Emaar
Completed
2022
Last sold
AED 1.85M · October 2023

About 701, Downtown Views 2 - Tower 2

701 is a one-bedroom apartment of 742 sqft on the 7th floor of Downtown Views 2 - Tower 2, a 57-storey tower in Downtown Dubai completed in 2022 by Emaar. It last sold on 11 October 2023 for AED 1,850,000, or AED 2,492 per sqft, 20% above the AED 2,085 one-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 one-bed in Downtown Views 2 - Tower 2
1M2M2017202020232026Typical sale price by year: 2017 AED 1,326,388; 2018 AED 1,320,888; 2019 AED 1,328,888; 2020 AED 1,020,000; 2021 AED 1,451,388; 2022 AED 1,367,388; 2023 AED 1,707,500; 2024 AED 1,912,500; 2025 AED 2,150,000; 2026 AED 1,850,000Sold by developer, September 2017: AED 1,262,888 (AED 1,733 per sqft)Sold, October 2023: AED 1,850,000 (AED 2,492 per sqft)

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

Rents
Unit 701, each contractTypical one-bed in Downtown Views 2 - Tower 2
115K120K20232024202520262027Typical rent by year: 2023 AED 112,000; 2024 AED 119,000; 2025 AED 121,875; 2026 AED 116,528

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

1-beds in Downtown Views 2 - Tower 2, and where 701 sits

All 129 1-beds →

701 last sold in October 2023 at AED 2,492 per sqft, 20% above what one-beds in Downtown Views 2 - Tower 2 were fetching at the time (AED 2,085). Over the last 12 months one-beds sold for AED 1,800,000 to 2,200,000, around AED 2,679 per sqft, and rent for AED 85,000 to 157,875 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jul 202652,990
16 Jul 20261,800,000
22 Jun 20261,850,000
16 Jan 20262,200,000
6 1-bed sales in the last 12 months

Downtown Views 2 - Tower 2

Building

489 apartments, 1-bed to 4-bed over 57 floors in Downtown Dubai, completed in 2022 by Emaar. 25 sold in the last 12 months.

Typical price per sqft
AED 2,656 Down 6.3%
Typical sale
AED 3.11M
Typical rent
AED 155K /yr
Typical yield
5.5%
Downtown Views 2 - Tower 2, Downtown Dubai: prices, sales and rents →
Value
7022-bedAED 1.92M · Oct 2017
7031-bedAED 1.26M · Aug 2018
7042-bedAED 1.89M · Sep 2017
7053-bedAED 4.23M · Jan 2024
7062-bedAED 2.27M · May 2018
7072-bedAED 3.7M · May 2024
7083-bedAED 3.24M · Jan 2019
1–7 of 8

701, Downtown Views 2 - Tower 2 in numbers

  • Sold twice: first on 24 September 2017 for AED 1,262,888, last on 11 October 2023 for AED 1,850,000 (AED 2,492 per sqft).
  • One-beds in Downtown Views 2 - Tower 2 sold for AED 1,800,000–2,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,656 per sqft.

Source: Dubai Land Department. Updated 11 October 2023.

Questions about 701, Downtown Views 2 - Tower 2

What did unit 701 last sell for?

AED 1,850,000 on 11 October 2023: AED 2,492 per sqft for 742 sqft. The unit has 2 registered sales; the first was AED 1,262,888 in September 2017.

How big is unit 701?

742 sqft (68.9 sqm): a one-bedroom apartment on the 7th floor of a 57-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. One-beds in Downtown Views 2 - Tower 2 sold for AED 1,800,000 to 2,200,000 in the last 12 months, around AED 2,679 per sqft.

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Mortgage on 701, Downtown Views 2 - Tower 2

Starts from the last sale price (AED 1.85M, 11 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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