2-bed · 1,190 sqftDowntown Views, Downtown Dubai · 12th floor · completed 2021

1208, Downtown Views

Sold prices and rental history: sold twice, last in July 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1208 · DLD and Ejari recordsUpdated 5 July 2023
Last soldAED 2.65M5 July 2023
Current rentAED 147K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1208, Downtown Views

What is 1208 worth today?

Last sold for AED 2,650,420 in 2023

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5 Jul 2023SoldReady
AED 2,650,420AED 2,226 per sqft
15 Jan 2023RentedRenewal
AED 147,000/yr12 months · AED 123 per sqft
15 Jan 2022RentedNew contract
AED 140,000/yr12 months · AED 117 per sqft
29 Jun 2015Sold by developerOff-plan
AED 2,097,888AED 1,762 per sqft

Source: Dubai Land Department. Updated 5 July 2023.

Key facts

Type
2-bed apartment
Size
1,190 sqft
Floor
12th of 59
Parking
P5-75
Developer
Emaar
Completed
2021
Service charge
AED 24,600 /yr
Last sold
AED 2.65M · July 2023

About 1208, Downtown Views

1208 is a two-bedroom apartment of 1,190 sqft on the 12th floor of Downtown Views, a 59-storey tower in Downtown Dubai completed in 2021 by Emaar. It last sold on 5 July 2023 for AED 2,650,420, or AED 2,226 per sqft, in line with the AED 2,181 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 15 January 2023, is AED 147,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 24,600 a year.

Sales and rents for 1208 over time

Sales
Unit 1208, each saleTypical two-bed in Downtown Views
2M3M20152018202120242027Typical sale price by year: 2015 AED 2,457,888; 2016 AED 2,448,888; 2017 AED 2,312,888; 2018 AED 2,305,973; 2019 AED 2,386,888; 2020 AED 2,397,888; 2021 AED 2,579,388; 2022 AED 2,750,000; 2023 AED 3,000,000; 2024 AED 3,250,000; 2025 AED 3,512,500; 2026 AED 3,200,000Sold by developer, June 2015: AED 2,097,888 (AED 1,762 per sqft)Sold, July 2023: AED 2,650,420 (AED 2,226 per sqft)

1208 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1208, each contractTypical two-bed in Downtown Views
150K175K2021202320252027Typical rent by year: 2021 AED 150,000; 2022 AED 155,000; 2023 AED 171,000; 2024 AED 180,000; 2025 AED 185,000; 2026 AED 180,000New contract, January 2022: AED 140,000 a yearRenewal, January 2023: AED 147,000 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 Downtown Views, and where 1208 sits

All 187 2-beds →

1208 last sold in July 2023 at AED 2,226 per sqft, in line with what two-beds in Downtown Views were fetching at the time (AED 2,181). Over the last 12 months two-beds sold for AED 2,800,000 to 3,700,000, around AED 2,430 per sqft, and rent for AED 145,000 to 285,000 a year. 1208's AED 147,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Nov 20263,000,000
29 Oct 20263,100,000
9 Oct 20262,800,000
8 Sep 20263,450,000
10 2-bed sales in the last 12 months

Downtown Views

Building

430 apartments, 1-bed to 4-bed over 59 floors in Downtown Dubai, completed in 2021 by Emaar. 34 sold in the last 12 months.

Typical price per sqft
AED 2,672 Down 0.5%
Typical sale
AED 3.05M
Typical rent
AED 174K /yr
Typical yield
5.3%
Downtown Views, Downtown Dubai: prices, sales and rents →

Other units on the 12th floor

All 430 units in Downtown Views
Value
12011-bedAED 1.49M · Jun 2015
12021-bedAED 2.3M · Jan 2026
12032-bedAED 2.45M · Jun 2022
12042-bedAED 3.05M · Dec 2022
12053-bedAED 5.6M · Jan 2025
12063-bedAED 3.65M · Sep 2015
12072-bedAED 2.53M · Jun 2015
1–7 of 9

1208, Downtown Views in numbers

  • Sold twice: first on 29 June 2015 for AED 2,097,888, last on 5 July 2023 for AED 2,650,420 (AED 2,226 per sqft).
  • Rented since January 2022 on 2 Ejari contracts, from AED 140,000 to AED 147,000 a year.
  • At AED 147,000 a year the gross yield on the 2023 price is 5.5%, before a service charge of about AED 24,600 a year (AED 20.64 per sqft).
  • Two-beds in Downtown Views sold for AED 2,800,000–3,700,000 in the 12 months to November 2026; the building's median across all types is AED 2,672 per sqft.

Source: Dubai Land Department. Updated 5 July 2023.

Questions about 1208, Downtown Views

What did unit 1208 last sell for?

AED 2,650,420 on 5 July 2023: AED 2,226 per sqft for 1,190 sqft. The unit has 2 registered sales; the first was AED 2,097,888 in June 2015.

What is the rent for unit 1208?

AED 147,000 a year on the contract renewed on 15 January 2023. The previous contract, from January 2022, was AED 140,000.

How big is unit 1208?

1,190 sqft (110.6 sqm): a two-bedroom apartment on the 12th floor of a 59-storey tower completed in 2021.

What is unit 1208 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Downtown Views sold for AED 2,800,000 to 3,700,000 in the last 12 months, around AED 2,430 per sqft.

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Mortgage on 1208, Downtown Views

Starts from the last sale price (AED 2.65M, 5 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,420
Deposit, UAE resident (20%)
AED 530,084
Deposit, non-resident (40%)
AED 1,060,168
Monthly over 25 years at 3.7%
AED 10,844

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