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2-bed · 1,527 sqftDT 1 Downtown, Downtown Dubai · 7th floor · completed 2020

706, DT 1 Downtown

Sold prices and rental history: sold 3 times, last in June 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 5 June 2023
Last soldAED 3.43M5 June 2023
Current rentAED 154K /yr20 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 706, DT 1 Downtown

What is 706 worth today?

Last sold for AED 3,425,000 in 2023

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5 Jun 2023SoldReady
AED 3,425,000AED 2,242 per sqft
5 Jan 2023SoldReady
AED 3,125,000AED 2,046 per sqft
20 May 2022RentedRenewal
AED 154,000/yr12 months · AED 101 per sqft
20 May 2021RentedNew contract
AED 154,000/yr12 months · AED 101 per sqft
8 May 2018Sold by developerOff-plan
AED 2,734,138AED 1,790 per sqft

Source: Dubai Land Department. Updated 5 June 2023.

Key facts

Type
2-bed apartment
Size
1,527 sqft
Floor
7th of 16
Parking
P2-28
Developer
Ellington Properties Development
Completed
2020
Service charge
AED 26,400 /yr
Last sold
AED 3.43M · June 2023
Building
DT 1 Downtown

About 706, DT 1 Downtown

706 is a two-bedroom apartment of 1,527 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 5 June 2023 for AED 3,425,000, or AED 2,242 per sqft, 5% above the AED 2,136 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 20 May 2022, is AED 154,000 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 26,400 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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, May 2018: AED 2,734,138 (AED 1,790 per sqft)Sold, January 2023: AED 3,125,000 (AED 2,046 per sqft)Sold, June 2023: AED 3,425,000 (AED 2,242 per sqft)

706 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 706, 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, May 2021: AED 154,000 a yearRenewal, May 2022: AED 154,000 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 706 sits

All 52 2-beds →

706 last sold in June 2023 at AED 2,242 per sqft, 5% above what two-beds in DT 1 Downtown were fetching at the time (AED 2,136). 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. 706's AED 154,000 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 7th floor

All 130 units in DT 1 Downtown
Value
701StudioAED 1.23M · May 2023
7022-bedAED 2.75M · Aug 2021
7031-bedAED 2.5M · Dec 2023
7041-bedAED 1.74M · Dec 2018
7051-bedAED 1.8M · Sep 2022
707StudioAED 1.06M · Mar 2021
7083-bedAED 4.27M · Jun 2021
1–7 of 9

706, DT 1 Downtown in numbers

  • Sold 3 times: first on 8 May 2018 for AED 2,734,138, last on 5 June 2023 for AED 3,425,000 (AED 2,242 per sqft).
  • Rented since May 2021 on 2 Ejari contracts, at AED 154,000 a year.
  • At AED 154,000 a year the gross yield on the 2023 price is 4.5%, 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 5 June 2023.

Questions about 706, DT 1 Downtown

What did unit 706 last sell for?

AED 3,425,000 on 5 June 2023: AED 2,242 per sqft for 1,527 sqft. The unit has 3 registered sales; the first was AED 2,734,138 in May 2018.

What is the rent for unit 706?

AED 154,000 a year on the contract renewed on 20 May 2022. The previous contract, from May 2021, was AED 154,000.

How big is unit 706?

1,527 sqft (141.9 sqm): a two-bedroom apartment on the 7th floor of a 16-storey tower completed in 2020.

What is unit 706 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 706, DT 1 Downtown

Starts from the last sale price (AED 3.43M, 5 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,425,000
Deposit, UAE resident (20%)
AED 685,000
Deposit, non-resident (40%)
AED 1,370,000
Monthly over 25 years at 3.7%
AED 14,013

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