3-bed · 1,588 sqftForte Tower 1, Downtown Dubai · 54th floor · completed 2022

5408, Forte Tower 1

Sold prices and rental history: sold twice, last in November 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5408 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 5.01M15 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5408, Forte Tower 1

What is 5408 worth today?

Last sold for AED 5,010,000 in 2024

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15 Nov 2024SoldReady
AED 5,010,000AED 3,154 per sqft
22 Dec 2021Sold by developerOff-plan
AED 4,426,999AED 2,768 per sqft

Source: Dubai Land Department. Updated 15 November 2024.

Key facts

Type
3-bed apartment
Size
1,588 sqft
Floor
54th of 71
Parking
B2-55, B2-56
Developer
Emaar
Completed
2022
Service charge
AED 30,900 /yr
Last sold
AED 5.01M · November 2024

About 5408, Forte Tower 1

5408 is a three-bedroom apartment of 1,588 sqft on the 54th floor of Forte Tower 1, a 71-storey tower in Downtown Dubai completed in 2022 by Emaar. It last sold on 15 November 2024 for AED 5,010,000, or AED 3,154 per sqft, 8% above the AED 2,915 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5408 over time

Sales
Unit 5408, each saleTypical three-bed in Forte Tower 1
4M4.5M5M20152018202120242027Typical sale price by year: 2015 AED 4,285,888; 2016 AED 4,503,888; 2017 AED 4,160,388; 2019 AED 4,515,888; 2020 AED 4,329,444; 2021 AED 4,458,499; 2022 AED 4,336,099; 2023 AED 4,166,907; 2024 AED 4,800,000; 2025 AED 5,200,000; 2026 AED 4,975,000Sold by developer, December 2021: AED 4,426,999 (AED 2,768 per sqft)Sold, November 2024: AED 5,010,000 (AED 3,154 per sqft)

5408 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5408, each contractTypical three-bed in Forte Tower 1
240K250K260K2024202520262027Typical rent by year: 2024 AED 252,500; 2025 AED 260,000; 2026 AED 240,000

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Forte Tower 1, and where 5408 sits

All 232 3-beds →

5408 last sold in November 2024 at AED 3,154 per sqft, 8% above what three-beds in Forte Tower 1 were fetching at the time (AED 2,915). Over the last 12 months three-beds sold for AED 3,497,620 to 5,500,000, around AED 3,006 per sqft, and rent for AED 180,000 to 450,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Nov 20264,585,500
1 Oct 20264,900,000
9 Sep 20265,300,000
1 Sep 20265,100,000
13 3-bed sales in the last 12 months

Forte Tower 1

Building

573 apartments, 1-bed to 4-bed over 71 floors in Downtown Dubai, completed in 2022 by Emaar. 36 sold in the last 12 months.

Typical price per sqft
AED 2,812 Down 4.6%
Typical sale
AED 3.18M
Typical rent
AED 175K /yr
Typical yield
5.2%
Forte Tower 1, Downtown Dubai: prices, sales and rents →

Other units on the 54th floor

All 573 units in Forte Tower 1
Value
54012-bedAED 2.32M · Sep 2015
54022-bedAED 1.78M · Jun 2020
54032-bedAED 2.29M · Sep 2015
54042-bedAED 2.8M · Jul 2023
54053-bedAED 4.88M · Feb 2022
54063-bedAED 4.75M · Apr 2019
54073-bedAED 4.52M · Sep 2019

5408, Forte Tower 1 in numbers

  • Sold twice: first on 22 December 2021 for AED 4,426,999, last on 15 November 2024 for AED 5,010,000 (AED 3,154 per sqft).
  • Three-beds in Forte Tower 1 sold for AED 3,497,620–5,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,812 per sqft.

Source: Dubai Land Department. Updated 15 November 2024.

Questions about 5408, Forte Tower 1

What did unit 5408 last sell for?

AED 5,010,000 on 15 November 2024: AED 3,154 per sqft for 1,588 sqft. The unit has 2 registered sales; the first was AED 4,426,999 in December 2021.

How big is unit 5408?

1,588 sqft (147.5 sqm): a three-bedroom apartment on the 54th floor of a 71-storey tower completed in 2022.

What is unit 5408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Forte Tower 1 sold for AED 3,497,620 to 5,500,000 in the last 12 months, around AED 3,006 per sqft.

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Mortgage on 5408, Forte Tower 1

Starts from the last sale price (AED 5.01M, 15 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,010,000
Deposit, UAE resident (20%)
AED 1,002,000
Deposit, non-resident (40%)
AED 2,004,000
Monthly over 25 years at 3.7%
AED 20,497

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