2-bed · 1,527 sqftDT 1 Downtown, Downtown Dubai · 8th floor · completed 2020

802, DT 1 Downtown

Sold prices and rental history: sold once, by the developer in January 2022, and rented once, from August 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 802 · DLD and Ejari recordsUpdated 26 January 2022
Last soldAED 3.4M26 January 2022
Current rentAED 150K /yr15 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 802, DT 1 Downtown

What is 802 worth today?

Last sold for AED 3,400,000 in 2022

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26 Jan 2022Sold by developerReady
AED 3,400,000AED 2,226 per sqft
15 Aug 2021RentedNew contract
AED 150,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 26 January 2022.

Key facts

Type
2-bed apartment
Size
1,527 sqft
Floor
8th of 16
Parking
P2-76
Developer
Ellington Properties Development
Completed
2020
Service charge
AED 26,400 /yr
Last sold
AED 3.4M · January 2022

About 802, DT 1 Downtown

802 is a two-bedroom apartment of 1,527 sqft on the 8th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development . The developer sold it on 26 January 2022 for AED 3,400,000, or AED 2,226 per sqft, 30% above the AED 1,707 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 August 2021. The current contract, signed on 15 August 2021, is AED 150,000 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 26,400 a year.

Sales and rents for 802 over time

Sales
Unit 802, 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, January 2022: AED 3,400,000 (AED 2,226 per sqft)

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

Rents
Unit 802, 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, August 2021: AED 150,000 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 802 sits

All 52 2-beds →

802 last sold in January 2022 at AED 2,226 per sqft, 30% above what two-beds in DT 1 Downtown were fetching at the time (AED 1,707). 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. 802's AED 150,000 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 8th floor

All 130 units in DT 1 Downtown
Value
801StudioAED 1.18M · Jan 2018
8031-bedAED 2.75M · Mar 2026
8041-bedAED 1.96M · Jul 2018
8051-bedAED 1.82M · Jan 2019
8062-bedAED 3.48M · Feb 2024
807StudioAED 1.35M · Sep 2023
8083-bedAED 6.25M · Jul 2026
1–7 of 9

802, DT 1 Downtown in numbers

  • Sold once: by Ellington Properties Development on 26 January 2022 for AED 3,400,000, or AED 2,226 per sqft.
  • Rented since August 2021 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2022 price is 4.4%, 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 26 January 2022.

Questions about 802, DT 1 Downtown

What did unit 802 last sell for?

AED 3,400,000 on 26 January 2022, sold by the developer: AED 2,226 per sqft for 1,527 sqft. It is the only registered sale of the unit.

What is the rent for unit 802?

AED 150,000 a year on the contract signed on 15 August 2021.

How big is unit 802?

1,527 sqft (141.9 sqm): a two-bedroom apartment on the 8th floor of a 16-storey tower completed in 2020.

What is unit 802 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 802, DT 1 Downtown

Starts from the last sale price (AED 3.4M, 26 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

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