701, DT 1 Downtown
Sold prices and rental history: sold twice, last in May 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, DT 1 Downtown
What is 701 worth today?
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Source: Dubai Land Department. Updated 11 May 2023.
Key facts
- Type
- Studio apartment
- Size
- 536 sqft
- Floor
- 7th of 16
- Parking
- P2-24
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 9,300 /yr
- Last sold
- AED 1.23M · May 2023
- Building
- DT 1 Downtown
About 701, DT 1 Downtown
701 is a studio of 536 sqft on the 7th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development . It last sold on 11 May 2023 for AED 1,230,000, or AED 2,296 per sqft.
No rental contract for the unit is registered on Ejari.
Sales and rents for 701 over time
701 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in DT 1 Downtown, and where 701 sits
All 26 studios →Over the last 12 months studios sold for AED 1,280,000, around AED 2,390 per sqft, and rent for AED 72,000 to 120,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Sep 202618 September 2026 | 536 sqft | 1,280,000 | 2,390 | ||
| 5 Aug 20265 August 2026 | 536 sqft | 3,710 | 6 | ||
| 5 Jan 20265 January 2026 | 536 sqft | 13,911 | 25 | ||
| 4 Jul 20254 July 2025 | 536 sqft | 22,157 | 41 |
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 7th floor
All 130 units in DT 1 Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 1,527 sqft | AED 2.75MAED 2,750,000 · Aug 2021August 2021 | ||
| 703 | 1-bed | 1,036 sqft | AED 2.5MAED 2,500,000 · Dec 2023December 2023 | 111,933 /yr | |
| 704 | 1-bed | 993 sqft | AED 1.74MAED 1,739,828 · Dec 2018December 2018 | ||
| 705 | 1-bed | 1,036 sqft | AED 1.8MAED 1,800,000 · Sep 2022September 2022 | 100,000 /yr | |
| 706 | 2-bed | 1,527 sqft | AED 3.43MAED 3,425,000 · Jun 2023June 2023 | 154,000 /yr | |
| 707 | Studio | 536 sqft | AED 1.06MAED 1,058,828 · Mar 2021March 2021 | 98,000 /yr | |
| 708 | 3-bed | 2,536 sqft | AED 4.27MAED 4,271,277 · Jun 2021June 2021 | 245,000 /yr | |
| 709 | 2-bed | 1,716 sqft | AED 2.9MAED 2,904,570 · Jun 2021June 2021 | 230,000 /yr | |
| 710 | 2-bed | 1,707 sqft | AED 2.44MAED 2,436,939 · Jun 2025June 2025 | 230,000 /yr |
701, DT 1 Downtown in numbers
- Sold twice: first on 19 May 2021 for AED 1,031,828, last on 11 May 2023 for AED 1,230,000 (AED 2,296 per sqft).
- Studios in DT 1 Downtown sold for AED 1,280,000–1,280,000 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 11 May 2023.
Questions about 701, DT 1 Downtown
What did unit 701 last sell for?
AED 1,230,000 on 11 May 2023: AED 2,296 per sqft for 536 sqft. The unit has 2 registered sales; the first was AED 1,031,828 in May 2021.
How big is unit 701?
536 sqft (49.8 sqm): a studio on the 7th floor of a 16-storey tower completed in 2020.
What is unit 701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in DT 1 Downtown sold for AED 1,280,000 to 1,280,000 in the last 12 months, around AED 2,390 per sqft.
Selling 701? Put it on the OpenOffers board
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Mortgage on 701, DT 1 Downtown
Starts from the last sale price (AED 1.23M, 11 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,230,000
- Deposit, UAE resident (20%)
- AED 246,000
- Deposit, non-resident (40%)
- AED 492,000
- Monthly over 25 years at 3.7%
- AED 5,032
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →