708, DT 1 Downtown
Sold prices and rental history: sold once, by the developer in June 2021, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, DT 1 Downtown
What is 708 worth today?
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Source: Dubai Land Department. Updated 9 February 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,536 sqft
- Floor
- 7th of 16
- Parking
- P1-64; P1-65
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 43,900 /yr
- Last sold
- AED 4.27M · June 2021
- Building
- DT 1 Downtown
About 708, DT 1 Downtown
708 is a three-bedroom apartment of 2,536 sqft on the 7th 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 since 2021 on 3 Ejari contracts. The current contract, renewed on 9 February 2024, is AED 245,000 a year: a gross yield of 5.7% on the 2021 price, before the service charge of about AED 43,900 a year.
Sales and rents for 708 over time
708 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 708 sits
All 15 3-beds →708 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. 708's AED 245,000 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 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 | ||
| 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 | |
| 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 |
708, 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 3 Ejari contracts, at AED 245,000 a year.
- At AED 245,000 a year the gross yield on the 2021 price is 5.7%, 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 9 February 2024.
Questions about 708, DT 1 Downtown
What did unit 708 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 708?
AED 245,000 a year on the contract renewed on 9 February 2024. The previous contract, from February 2023, was AED 245,000; the unit has been rented since August 2021.
How big is unit 708?
2,536 sqft (235.6 sqm): a three-bedroom apartment on the 7th floor of a 16-storey tower completed in 2020.
What is unit 708 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 708, 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 →