703, DT 1 Downtown
Sold prices and rental history: sold twice, last in December 2023, 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 703, DT 1 Downtown
What is 703 worth today?
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Source: Dubai Land Department. Updated 10 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,036 sqft
- Floor
- 7th of 16
- Parking
- P2-30
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 17,900 /yr
- Last sold
- AED 2.5M · December 2023
- Building
- DT 1 Downtown
About 703, DT 1 Downtown
703 is a one-bedroom apartment of 1,036 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 6 December 2023 for AED 2,500,000, or AED 2,413 per sqft, 21% above the AED 2,002 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 10 April 2024, is AED 111,933 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 17,900 a year.
Sales and rents for 703 over time
703 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in DT 1 Downtown, and where 703 sits
All 36 1-beds →703 last sold in December 2023 at AED 2,413 per sqft, 21% above what one-beds in DT 1 Downtown were fetching at the time (AED 2,002). Over the last 12 months one-beds sold for AED 2,400,000 to 2,800,000, around AED 2,654 per sqft, and rent for AED 100,000 to 165,000 a year. 703's AED 111,933 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 1,036 sqft | 2,400,000 | 2,316 | ||
| 21 May 202621 May 2026 | 1,036 sqft | 2,800,000 | 2,702 | ||
| 9 Mar 20269 March 2026 | 1,036 sqft | 2,750,000 | 2,654 | ||
| 18 Jun 202518 June 2025 | 1,036 sqft | 2,600,000 | 2,509 |
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 | |||||
|---|---|---|---|---|---|
| 701 | Studio | 536 sqft | AED 1.23MAED 1,230,000 · May 2023May 2023 | ||
| 702 | 2-bed | 1,527 sqft | AED 2.75MAED 2,750,000 · Aug 2021August 2021 | ||
| 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 |
703, DT 1 Downtown in numbers
- Sold twice: first on 1 March 2018 for AED 2,095,828, last on 6 December 2023 for AED 2,500,000 (AED 2,413 per sqft).
- Rented since February 2021 on 4 Ejari contracts, from AED 85,000 to AED 111,933 a year.
- At AED 111,933 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 17,900 a year (AED 17.30 per sqft).
- One-beds in DT 1 Downtown sold for AED 2,400,000–2,800,000 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 April 2024.
Questions about 703, DT 1 Downtown
What did unit 703 last sell for?
AED 2,500,000 on 6 December 2023: AED 2,413 per sqft for 1,036 sqft. The unit has 2 registered sales; the first was AED 2,095,828 in March 2018.
What is the rent for unit 703?
AED 111,933 a year on the contract renewed on 10 April 2024. The previous contract, from April 2023, was AED 112,615; the unit has been rented since February 2021.
How big is unit 703?
1,036 sqft (96.2 sqm): a one-bedroom apartment on the 7th floor of a 16-storey tower completed in 2020.
What is unit 703 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in DT 1 Downtown sold for AED 2,400,000 to 2,800,000 in the last 12 months, around AED 2,654 per sqft.
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Mortgage on 703, DT 1 Downtown
Starts from the last sale price (AED 2.5M, 6 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →