2-bed · 1,716 sqftDT 1 Downtown, Downtown Dubai · 6th floor · completed 2020

609, DT 1 Downtown

Sold prices and rental history: sold twice, last in September 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 609 · DLD and Ejari recordsUpdated 15 September 2022
Last soldAED 3.18M15 September 2022
Current rentAED 135K /yr25 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 609, DT 1 Downtown

What is 609 worth today?

Last sold for AED 3,175,000 in 2022

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15 Sep 2022SoldReady
AED 3,175,000AED 1,850 per sqft
25 Mar 2022RentedRenewal
AED 135,000/yr12 months · AED 79 per sqft
25 Mar 2021RentedNew contract
AED 130,000/yr12 months · AED 76 per sqft
11 Feb 2020Sold by developerOff-plan
AED 2,581,076AED 1,504 per sqft

Source: Dubai Land Department. Updated 15 September 2022.

Key facts

Type
2-bed apartment
Size
1,716 sqft
Floor
6th of 16
Parking
P2-23
Developer
Ellington Properties Development
Completed
2020
Service charge
AED 29,700 /yr
Last sold
AED 3.18M · September 2022

About 609, DT 1 Downtown

609 is a two-bedroom apartment of 1,716 sqft on the 6th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development . It last sold on 15 September 2022 for AED 3,175,000, or AED 1,850 per sqft, 8% below the AED 2,010 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 25 March 2022, is AED 135,000 a year: a gross yield of 4.3% on the 2022 price, before the service charge of about AED 29,700 a year.

Sales and rents for 609 over time

Sales
Unit 609, each saleTypical two-bed in DT 1 Downtown
3M4M2018202120242027Typical sale price by year: 2018 AED 2,781,828; 2019 AED 3,641,620; 2020 AED 2,581,076; 2021 AED 2,867,686; 2022 AED 3,350,000; 2023 AED 3,262,500; 2024 AED 3,537,500; 2025 AED 4,025,000; 2026 AED 3,675,000Sold by developer, February 2020: AED 2,581,076 (AED 1,504 per sqft)Sold, September 2022: AED 3,175,000 (AED 1,850 per sqft)

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

Rents
Unit 609, each contractTypical two-bed in DT 1 Downtown
150K200K2021202320252027Typical rent by year: 2021 AED 162,500; 2022 AED 175,000; 2023 AED 202,000; 2024 AED 227,500; 2025 AED 220,000; 2026 AED 217,500New contract, March 2021: AED 130,000 a yearRenewal, March 2022: AED 135,000 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 DT 1 Downtown, and where 609 sits

All 52 2-beds →

609 last sold in September 2022 at AED 1,850 per sqft, 8% below what two-beds in DT 1 Downtown were fetching at the time (AED 2,010). 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. 609's AED 135,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Jun 20264,000,000
11 May 20263,000,000
7 May 20262,926,262
7 May 20262,963,898
8 2-bed sales in the last 12 months

DT 1 Downtown

Building

130 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%
DT 1 Downtown, Downtown Dubai: prices, sales and rents →

Other units on the 6th floor

All 130 units in DT 1 Downtown
Value
601StudioAED 1.17M · Feb 2021
6022-bedAED 2.75M · Apr 2021
6031-bedAED 2M · Feb 2023
6041-bedAED 2.15M · May 2024
6051-bedAED 2.4M · Oct 2026
6062-bedAED 2.78M · May 2018
607StudioAED 1.28M · Sep 2026
1–7 of 9

609, DT 1 Downtown in numbers

  • Sold twice: first on 11 February 2020 for AED 2,581,076, last on 15 September 2022 for AED 3,175,000 (AED 1,850 per sqft).
  • Rented since March 2021 on 2 Ejari contracts, from AED 130,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2022 price is 4.3%, before a service charge of about AED 29,700 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 15 September 2022.

Questions about 609, DT 1 Downtown

What did unit 609 last sell for?

AED 3,175,000 on 15 September 2022: AED 1,850 per sqft for 1,716 sqft. The unit has 2 registered sales; the first was AED 2,581,076 in February 2020.

What is the rent for unit 609?

AED 135,000 a year on the contract renewed on 25 March 2022. The previous contract, from March 2021, was AED 130,000.

How big is unit 609?

1,716 sqft (159.4 sqm): a two-bedroom apartment on the 6th floor of a 16-storey tower completed in 2020.

What is unit 609 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 609, DT 1 Downtown

Starts from the last sale price (AED 3.18M, 15 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,175,000
Deposit, UAE resident (20%)
AED 635,000
Deposit, non-resident (40%)
AED 1,270,000
Monthly over 25 years at 3.7%
AED 12,990

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