408, DT 1 Downtown
Sold prices and rental history: sold once, by the developer in June 2021, 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 408, DT 1 Downtown
What is 408 worth today?
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Source: Dubai Land Department. Updated 31 August 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,536 sqft
- Floor
- 4th of 16
- Parking
- P2-53; P2-54
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 43,900 /yr
- Last sold
- AED 4.27M · June 2021
- Building
- DT 1 Downtown
About 408, DT 1 Downtown
408 is a three-bedroom apartment of 2,536 sqft on the 4th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development . The developer sold it on 13 June 2021 for AED 4,271,277, or AED 1,683 per sqft, in line with the AED 1,683 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 31 August 2026, is AED 282,975 a year: a gross yield of 6.6% on the 2021 price, before the service charge of about AED 43,900 a year.
Sales and rents for 408 over time
408 has sold once; 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 408 sits
All 15 3-beds →408 last sold in June 2021 at AED 1,683 per sqft, in line with what three-beds in DT 1 Downtown were fetching at the time (AED 1,683). 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. 408's AED 282,975 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 | ||
| 10 Jan 202410 January 2024 | 2,536 sqft | 6,800,000 | 2,680 |
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 | |
| 406 | 2-bed | 1,527 sqft | AED 3.8MAED 3,800,000 · Jun 2024June 2024 | 42,000 /yr | |
| 407 | Studio | 536 sqft | AED 1.25MAED 1,254,828 · Nov 2021November 2021 | ||
| 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 |
408, DT 1 Downtown in numbers
- Sold once: by Ellington Properties Development on 13 June 2021 for AED 4,271,277, or AED 1,683 per sqft.
- Rented since August 2021 on 7 Ejari contracts, from AED 245,000 to AED 282,975 a year.
- At AED 282,975 a year the gross yield on the 2021 price is 6.6%, 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 31 August 2026.
Questions about 408, DT 1 Downtown
What did unit 408 last sell for?
AED 4,271,277 on 13 June 2021, sold by the developer: AED 1,683 per sqft for 2,536 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 282,975 a year on the contract renewed on 31 August 2026. The previous contract, from August 2025, was AED 257,250; the unit has been rented since August 2021.
How big is unit 408?
2,536 sqft (235.6 sqm): a three-bedroom apartment on the 4th floor of a 16-storey tower completed in 2020.
What is unit 408 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 408, DT 1 Downtown
Starts from the last sale price (AED 4.27M, 13 June 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 4,271,277
- Deposit, UAE resident (20%)
- AED 854,255
- Deposit, non-resident (40%)
- AED 1,708,511
- Monthly over 25 years at 3.7%
- AED 17,475
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →