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1-bed · 1,009 sqftRP Heights, Downtown Dubai · 7th floor · completed 2020

701, RP Heights

Sold prices and rental history: sold twice, last in June 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 16 June 2023
Last soldAED 1.55M16 June 2023
Current rentAED 72K /yr10 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, RP Heights

What is 701 worth today?

Last sold for AED 1,550,000 in 2023

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16 Jun 2023SoldReady
AED 1,550,000AED 1,536 per sqft
10 Jan 2022RentedNew contract
AED 72,450/yr12 months · AED 72 per sqft
25 Dec 2020RentedNew contract
AED 63,000/yr13 months · AED 62 per sqft
1 Sep 2015Sold by developerOff-plan
AED 1,546,828AED 1,533 per sqft

Source: Dubai Land Department. Updated 16 June 2023.

Key facts

Type
1-bed apartment
Size
1,009 sqft
Floor
7th of 49
Parking
B1-51
Developer
RP Global Developers
Completed
2020
Service charge
AED 16,400 /yr
Last sold
AED 1.55M · June 2023
Building
RP Heights

About 701, RP Heights

701 is a one-bedroom apartment of 1,009 sqft on the 7th floor of RP Heights, a 49-storey tower in Downtown Dubai completed in 2020 by RP Global Developers. It last sold on 16 June 2023 for AED 1,550,000, or AED 1,536 per sqft, in line with the AED 1,557 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 10 January 2022, is AED 72,450 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 16,400 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical one-bed in RP Heights
1.5M2M20152018202120242027Typical sale price by year: 2015 AED 1,617,828; 2016 AED 1,773,328; 2017 AED 1,666,828; 2019 AED 1,370,828; 2020 AED 1,424,328; 2021 AED 1,189,843; 2022 AED 1,437,500; 2023 AED 1,690,000; 2024 AED 1,700,000; 2025 AED 1,990,250; 2026 AED 2,025,000Sold by developer, September 2015: AED 1,546,828 (AED 1,533 per sqft)Sold, June 2023: AED 1,550,000 (AED 1,536 per sqft)

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

Rents
Unit 701, each contractTypical one-bed in RP Heights
75K100K2020202220242026Typical rent by year: 2020 AED 68,000; 2021 AED 78,000; 2022 AED 85,000; 2023 AED 109,000; 2024 AED 115,000; 2025 AED 115,500; 2026 AED 110,000New contract, December 2020: AED 63,000 a yearNew contract, January 2022: AED 72,450 a year

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

1-beds in RP Heights, and where 701 sits

All 141 1-beds →

701 last sold in June 2023 at AED 1,536 per sqft, in line with what one-beds in RP Heights were fetching at the time (AED 1,557). Over the last 12 months one-beds sold for AED 1,900,000 to 2,150,000, around AED 1,792 per sqft, and rent for AED 85,000 to 140,000 a year. 701's AED 72,450 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Oct 20261,900,000
18 Aug 20262,000,000
6 Jul 20262,100,000
29 Apr 20262,150,000
7 1-bed sales in the last 12 months

RP Heights

Building

290 apartments, studios to 6-bed over 49 floors in Downtown Dubai, completed in 2020 by RP Global Developers. 11 sold in the last 12 months.

Typical price per sqft
AED 1,835 Down 3.1%
Typical sale
AED 2.1M
Typical rent
AED 130K /yr
Typical yield
5.5%
RP Heights, Downtown Dubai: prices, sales and rents →

Other units on the 7th floor

All 290 units in RP Heights
Value
7021-bedAED 1.7M · Jul 2023
7031-bedNo registered sale
7041-bedAED 1.42M · Sep 2015
7051-bedNo registered sale
7061-bedAED 1.9M · Oct 2026
7071-bedAED 1.7M · Feb 2024
7082-bedNo registered sale
1–7 of 8

701, RP Heights in numbers

  • Sold twice: first on 1 September 2015 for AED 1,546,828, last on 16 June 2023 for AED 1,550,000 (AED 1,536 per sqft).
  • Rented since December 2020 on 2 Ejari contracts, from AED 63,000 to AED 72,450 a year.
  • At AED 72,450 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 16,400 a year (AED 16.28 per sqft).
  • One-beds in RP Heights sold for AED 1,900,000–2,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,835 per sqft.

Source: Dubai Land Department. Updated 16 June 2023.

Questions about 701, RP Heights

What did unit 701 last sell for?

AED 1,550,000 on 16 June 2023: AED 1,536 per sqft for 1,009 sqft. The unit has 2 registered sales; the first was AED 1,546,828 in September 2015.

What is the rent for unit 701?

AED 72,450 a year on the contract signed on 10 January 2022. The previous contract, from December 2020, was AED 63,000.

How big is unit 701?

1,009 sqft (93.7 sqm): a one-bedroom apartment on the 7th floor of a 49-storey tower completed in 2020.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in RP Heights sold for AED 1,900,000 to 2,150,000 in the last 12 months, around AED 1,792 per sqft.

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Mortgage on 701, RP Heights

Starts from the last sale price (AED 1.55M, 16 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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