2-bed · 1,218 sqftDowntown Views, Downtown Dubai · 40th floor · completed 2021

4007, Downtown Views

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

Unit 4007 · DLD and Ejari recordsUpdated 2 November 2023
Last soldAED 3.58M28 September 2021
Current rentAED 173K /yr2 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4007, Downtown Views

What is 4007 worth today?

Last sold for AED 3,575,000 in 2021

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2 Nov 2023RentedRenewal
AED 173,250/yr12 months · AED 142 per sqft
2 Nov 2022RentedRenewal
AED 157,500/yr12 months · AED 129 per sqft
2 Nov 2021RentedNew contract
AED 150,000/yr12 months · AED 123 per sqft
28 Sep 2021SoldReady
AED 3,575,000AED 2,936 per sqft
10 Jun 2015Sold by developerOff-plan
AED 2,786,888AED 2,288 per sqft

Source: Dubai Land Department. Updated 2 November 2023.

Key facts

Type
2-bed apartment
Size
1,218 sqft
Floor
40th of 59
Parking
P4-80
Developer
Emaar
Completed
2021
Service charge
AED 25,100 /yr
Last sold
AED 3.58M · September 2021

About 4007, Downtown Views

4007 is a two-bedroom apartment of 1,218 sqft on the 40th floor of Downtown Views, a 59-storey tower in Downtown Dubai completed in 2021 by Emaar. It last sold on 28 September 2021 for AED 3,575,000, or AED 2,936 per sqft, 60% above the AED 1,834 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 2 November 2023, is AED 173,250 a year: a gross yield of 4.9% on the 2021 price, before the service charge of about AED 25,100 a year.

Sales and rents for 4007 over time

Sales
Unit 4007, each saleTypical two-bed in Downtown Views
3M20152018202120242027Typical 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 2,786,888 (AED 2,288 per sqft)Sold, September 2021: AED 3,575,000 (AED 2,936 per sqft)

4007 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4007, each contractTypical two-bed in Downtown Views
160K180K2021202320252027Typical 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, November 2021: AED 150,000 a yearRenewal, November 2022: AED 157,500 a yearRenewal, November 2023: AED 173,250 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 4007 sits

All 187 2-beds →

4007 last sold in September 2021 at AED 2,936 per sqft, 60% above what two-beds in Downtown Views were fetching at the time (AED 1,834). 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. 4007's AED 173,250 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 40th floor

All 430 units in Downtown Views
Value
40011-bedAED 1.65M · Sep 2022
40021-bedAED 2.4M · Jan 2024
40032-bedAED 2.67M · Dec 2022
40042-bedAED 2.79M · Jan 2017
40053-bedAED 4.02M · Jun 2015
40063-bedAED 4.02M · Aug 2015
40082-bedAED 1.65M · Jul 2020
1–7 of 9

4007, Downtown Views in numbers

  • Sold twice: first on 10 June 2015 for AED 2,786,888, last on 28 September 2021 for AED 3,575,000 (AED 2,936 per sqft).
  • Rented since November 2021 on 3 Ejari contracts, from AED 150,000 to AED 173,250 a year.
  • At AED 173,250 a year the gross yield on the 2021 price is 4.9%, before a service charge of about AED 25,100 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 2 November 2023.

Questions about 4007, Downtown Views

What did unit 4007 last sell for?

AED 3,575,000 on 28 September 2021: AED 2,936 per sqft for 1,218 sqft. The unit has 2 registered sales; the first was AED 2,786,888 in June 2015.

What is the rent for unit 4007?

AED 173,250 a year on the contract renewed on 2 November 2023. The previous contract, from November 2022, was AED 157,500; the unit has been rented since November 2021.

How big is unit 4007?

1,218 sqft (113.2 sqm): a two-bedroom apartment on the 40th floor of a 59-storey tower completed in 2021.

What is unit 4007 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 4007, Downtown Views

Starts from the last sale price (AED 3.58M, 28 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,575,000
Deposit, UAE resident (20%)
AED 715,000
Deposit, non-resident (40%)
AED 1,430,000
Monthly over 25 years at 3.7%
AED 14,626

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