406, DT 1 Downtown
Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, DT 1 Downtown
What is 406 worth today?
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Source: Dubai Land Department. Updated 9 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,527 sqft
- Floor
- 4th of 16
- Parking
- P1-21
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 26,400 /yr
- Last sold
- AED 3.8M · June 2024
- Building
- DT 1 Downtown
About 406, DT 1 Downtown
406 is a two-bedroom apartment of 1,527 sqft on the 4th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development . It last sold on 6 June 2024 for AED 3,800,000, or AED 2,488 per sqft, 24% above the AED 2,003 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 9 November 2024, is AED 265,000 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 26,400 a year.
Sales and rents for 406 over time
406 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in DT 1 Downtown, and where 406 sits
All 52 2-beds →406 last sold in June 2024 at AED 2,488 per sqft, 24% above what two-beds in DT 1 Downtown were fetching at the time (AED 2,003). Over the last 12 months two-beds sold for AED 2,926,262 to 4,400,000, around AED 2,241 per sqft, and rent for AED 85,000 to 265,000 a year. 406's AED 265,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Jun 202611 June 2026 | 1,716 sqft | 4,000,000 | 2,330 | ||
| 11 May 202611 May 2026 | 1,527 sqft | 3,000,000 | 1,964 | ||
| 7 May 20267 May 2026 | 1,707 sqft | 2,926,262 | 1,714 | ||
| 7 May 20267 May 2026 | 1,716 sqft | 2,963,898 | 1,727 |
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 4th floor
All 130 units in DT 1 Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 536 sqft | AED 1.1MAED 1,100,828 · Dec 2021December 2021 | 84,000 /yr | |
| 402 | 2-bed | 1,527 sqft | AED 3.06MAED 3,060,000 · Jul 2023July 2023 | ||
| 403 | 1-bed | 1,036 sqft | AED 1.87MAED 1,867,828 · Aug 2018August 2018 | 150,000 /yr | |
| 404 | 1-bed | 993 sqft | AED 2.18MAED 2,175,000 · May 2024May 2024 | 140,757 /yr | |
| 405 | 1-bed | 1,036 sqft | AED 2.3MAED 2,300,000 · Aug 2024August 2024 | 140,000 /yr | |
| 407 | Studio | 536 sqft | AED 1.25MAED 1,254,828 · Nov 2021November 2021 | ||
| 408 | 3-bed | 2,536 sqft | AED 4.27MAED 4,271,277 · Jun 2021June 2021 | 282,975 /yr | |
| 409 | 2-bed | 1,716 sqft | AED 2.5MAED 2,495,040 · Jul 2025July 2025 | 181,500 /yr | |
| 410 | 2-bed | 1,707 sqft | AED 2.87MAED 2,867,686 · Jun 2021June 2021 | 220,000 /yr |
406, DT 1 Downtown in numbers
- Sold 3 times: first on 18 May 2021 for AED 2,775,828, last on 6 June 2024 for AED 3,800,000 (AED 2,488 per sqft).
- Rented since June 2021 on 5 Ejari contracts. The rent fell from AED 145,000 to AED 42,000 in 2024 and recovered to AED 265,000 by November 2024.
- At AED 265,000 a year the gross yield on the 2024 price is 7.0%, before a service charge of about AED 26,400 a year (AED 17.30 per sqft).
- Two-beds in DT 1 Downtown sold for AED 2,926,262–4,400,000 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 9 November 2024.
Questions about 406, DT 1 Downtown
What did unit 406 last sell for?
AED 3,800,000 on 6 June 2024: AED 2,488 per sqft for 1,527 sqft. The unit has 3 registered sales; the first was AED 2,775,828 in May 2021.
What is the rent for unit 406?
AED 265,000 a year on the contract signed on 9 November 2024. The previous contract, from November 2024, was AED 42,000; the unit has been rented since June 2021.
How big is unit 406?
1,527 sqft (141.9 sqm): a two-bedroom apartment on the 4th floor of a 16-storey tower completed in 2020.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in DT 1 Downtown sold for AED 2,926,262 to 4,400,000 in the last 12 months, around AED 2,241 per sqft.
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Mortgage on 406, DT 1 Downtown
Starts from the last sale price (AED 3.8M, 6 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,800,000
- Deposit, UAE resident (20%)
- AED 760,000
- Deposit, non-resident (40%)
- AED 1,520,000
- Monthly over 25 years at 3.7%
- AED 15,547
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →