1408, DT 1 Downtown
Sold prices and rental history: sold 3 times, last in January 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, DT 1 Downtown
What is 1408 worth today?
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Source: Dubai Land Department. Updated 10 January 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,536 sqft
- Floor
- 14th of 16
- Parking
- P1-32; P1-33
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 43,900 /yr
- Last sold
- AED 6.8M · January 2024
- Building
- DT 1 Downtown
About 1408, DT 1 Downtown
1408 is a three-bedroom apartment of 2,536 sqft on the 14th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development . It last sold on 10 January 2024 for AED 6,800,000, or AED 2,680 per sqft.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 20 August 2022, is AED 280,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 43,900 a year.
Sales and rents for 1408 over time
1408 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in DT 1 Downtown, and where 1408 sits
All 15 3-beds →Over the last 12 months three-beds sold for AED 6,250,000, around AED 2,464 per sqft, and rent for AED 282,975 to 365,000 a year. 1408's AED 280,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202624 July 2026 | 2,536 sqft | 6,250,000 | 2,464 | ||
| 26 Jun 202526 June 2025 | 2,536 sqft | 4,417,785 | 1,741 | ||
| 12 Jun 202512 June 2025 | 2,536 sqft | 5,000,000 | 1,971 | ||
| 31 May 202331 May 2023 | 3,938 sqft | 7,000,000 | 1,777 |
DT 1 Downtown
Building130 apartments, studios to 4-bed over 16 floors in Downtown Dubai, completed in 2020 by Ellington Properties Development . 15 sold in the last 12 months.
- Typical price per sqft
- AED 2,390 Up 1.4%
- Typical sale
- AED 3M
- Typical rent
- AED 156K /yr
- Typical yield
- 5.7%
Other units on the 14th floor
All 130 units in DT 1 Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | Studio | 536 sqft | AED 1MAED 1,001,000 · Mar 2021March 2021 | 90,000 /yr | |
| 1402 | 2-bed | 1,527 sqft | AED 3MAED 3,000,000 · May 2026May 2026 | ||
| 1403 | 1-bed | 1,036 sqft | AED 1.82MAED 1,815,828 · Oct 2018October 2018 | 165,000 /yr | |
| 1404 | 1-bed | 993 sqft | AED 1.68MAED 1,677,950 · Jun 2021June 2021 | 145,000 /yr | |
| 1405 | 1-bed | 1,036 sqft | AED 1.67MAED 1,670,000 · Dec 2021December 2021 | 150,000 /yr | |
| 1406 | 2-bed | 1,527 sqft | AED 2.82MAED 2,820,828 · Jun 2018June 2018 | 220,000 /yr | |
| 1407 | Studio | 536 sqft | AED 1.22MAED 1,216,828 · Nov 2021November 2021 | ||
| 1409 | 2-bed | 1,716 sqft | AED 3.3MAED 3,298,828 · Oct 2021October 2021 | 315,000 /yr | |
| 1410 | 2-bed | 1,707 sqft | AED 3.13MAED 3,125,828 · Sep 2018September 2018 | 181,500 /yr |
1408, DT 1 Downtown in numbers
- Sold 3 times: first on 13 April 2021 for AED 4,340,065, last on 10 January 2024 for AED 6,800,000 (AED 2,680 per sqft).
- Rented since March 2021 on 2 Ejari contracts, from AED 200,000 to AED 280,000 a year.
- At AED 280,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 43,900 a year (AED 17.30 per sqft).
- Three-beds in DT 1 Downtown sold for AED 6,250,000–6,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,390 per sqft.
Source: Dubai Land Department. Updated 10 January 2024.
Questions about 1408, DT 1 Downtown
What did unit 1408 last sell for?
AED 6,800,000 on 10 January 2024: AED 2,680 per sqft for 2,536 sqft. The unit has 3 registered sales; the first was AED 4,340,065 in April 2021.
What is the rent for unit 1408?
AED 280,000 a year on the contract signed on 20 August 2022. The previous contract, from March 2021, was AED 200,000.
How big is unit 1408?
2,536 sqft (235.6 sqm): a three-bedroom apartment on the 14th floor of a 16-storey tower completed in 2020.
What is unit 1408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in DT 1 Downtown sold for AED 6,250,000 to 6,250,000 in the last 12 months, around AED 2,464 per sqft.
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Mortgage on 1408, DT 1 Downtown
Starts from the last sale price (AED 6.8M, 10 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 6,800,000
- Deposit, UAE resident (20%)
- AED 1,360,000
- Deposit, non-resident (40%)
- AED 2,720,000
- Monthly over 25 years at 3.7%
- AED 27,821
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →