4-bed · 6,651 sqftThe 118 (Downtown 118), Downtown Dubai · 19th floor · completed 2016

19, The 118 (Downtown 118)

Sold prices and rental history: sold once, by the developer in September 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 19 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 22M1 September 2022
Current rentAED 1.25M /yr10 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 19, The 118 (Downtown 118)

What is 19 worth today?

Last sold for AED 22,000,000 in 2022

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1 Sep 2022Sold by developerReady
AED 22,000,000AED 3,308 per sqft
10 Apr 2022RentedNew contract
AED 1,250,000/yr12 months · AED 188 per sqft
5 Jun 2020RentedNew contract
AED 650,000/yr13 months · AED 98 per sqft

Source: Dubai Land Department. Updated 1 September 2022.

Key facts

Type
4-bed apartment
Size
6,651 sqft
Floor
19th of 43
Parking
P4-19-1 TO P4-19-3
Developer
Signature DT Real Estate Development
Completed
2016
Service charge
AED 247,500 /yr
Last sold
AED 22M · September 2022

About 19, The 118 (Downtown 118)

19 is a four-bedroom apartment of 6,651 sqft on the 19th floor of The 118 (Downtown 118), a 43-storey tower in Downtown Dubai completed in 2016 by Signature DT Real Estate Development. The developer sold it on 1 September 2022 for AED 22,000,000, or AED 3,308 per sqft, 6% above the AED 3,120 four-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 April 2022, is AED 1,250,000 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 247,500 a year.

Sales and rents for 19 over time

Sales
Unit 19, each saleTypical four-bed in The 118 (Downtown 118)
20M22M24M20152018202120242027Typical sale price by year: 2015 AED 20,397,500; 2022 AED 22,450,000; 2023 AED 22,000,000; 2024 AED 24,350,000; 2025 AED 24,740,000; 2026 AED 24,000,000Sold by developer, September 2022: AED 22,000,000 (AED 3,308 per sqft)

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

Rents
Unit 19, each contractTypical four-bed in The 118 (Downtown 118)
500K1M1.5M20192021202320252027Typical rent by year: 2019 AED 560,000; 2020 AED 600,000; 2021 AED 685,000; 2022 AED 725,000; 2023 AED 862,500; 2024 AED 1,305,000; 2025 AED 1,500,000; 2026 AED 1,325,000New contract, June 2020: AED 650,000 a yearNew contract, April 2022: AED 1,250,000 a year

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

4-beds in The 118 (Downtown 118), and where 19 sits

All 26 4-beds →

19 last sold in September 2022 at AED 3,308 per sqft, 6% above what four-beds in The 118 (Downtown 118) were fetching at the time (AED 3,120). Over the last 12 months four-beds sold for AED 18,000,000 to 30,700,000, around AED 3,609 per sqft, and rent for AED 1,250,000 to 2,000,000 a year. 19's AED 1,250,000 is at the bottom of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
4 Aug 202625,000,000
27 Jul 202618,000,000
1 Jun 202630,700,000
9 Apr 202623,000,000
4 4-bed sales in the last 12 months

The 118 (Downtown 118)

Building

28 apartments, 4-bed to 6-bed over 43 floors in Downtown Dubai, completed in 2016 by Signature DT Real Estate Development. 4 sold in the last 12 months.

Typical price per sqft
AED 3,609
Typical sale
AED 24M
Typical rent
AED 1.33M /yr
Typical yield
5.5%
The 118 (Downtown 118), Downtown Dubai: prices, sales and rents →

19, The 118 (Downtown 118) in numbers

  • Sold once: by Signature DT Real Estate Development on 1 September 2022 for AED 22,000,000, or AED 3,308 per sqft.
  • Rented since June 2020 on 2 Ejari contracts, from AED 650,000 to AED 1,250,000 a year.
  • At AED 1,250,000 a year the gross yield on the 2022 price is 5.7%, before a service charge of about AED 247,500 a year (AED 37.22 per sqft).
  • Four-beds in The 118 (Downtown 118) sold for AED 18,000,000–30,700,000 in the 12 months to November 2026; the building's median across all types is AED 3,609 per sqft.

Source: Dubai Land Department. Updated 1 September 2022.

Questions about 19, The 118 (Downtown 118)

What did unit 19 last sell for?

AED 22,000,000 on 1 September 2022, sold by the developer: AED 3,308 per sqft for 6,651 sqft. It is the only registered sale of the unit.

What is the rent for unit 19?

AED 1,250,000 a year on the contract signed on 10 April 2022. The previous contract, from June 2020, was AED 650,000.

How big is unit 19?

6,651 sqft (617.9 sqm): a four-bedroom apartment on the 19th floor of a 43-storey tower completed in 2016.

What is unit 19 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in The 118 (Downtown 118) sold for AED 18,000,000 to 30,700,000 in the last 12 months, around AED 3,609 per sqft.

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Mortgage on 19, The 118 (Downtown 118)

Starts from the last sale price (AED 22M, 1 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 22,000,000
Deposit, UAE resident (20%)
AED 4,400,000
Deposit, non-resident (40%)
AED 8,800,000
Monthly over 25 years at 3.7%
AED 90,009

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