23, The 118 (Downtown 118)
Sold prices and rental history: sold twice, last in June 2026, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 23, The 118 (Downtown 118)
What is 23 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- 4-bed apartment
- Size
- 6,650 sqft
- Floor
- 23rd of 43
- Parking
- P3-23-1 TO P3-23-3
- Developer
- Signature DT Real Estate Development
- Completed
- 2016
- Service charge
- AED 247,500 /yr
- Last sold
- AED 30.7M · June 2026
- Building
- The 118 (Downtown 118)
About 23, The 118 (Downtown 118)
23 is a four-bedroom apartment of 6,650 sqft on the 23rd floor of The 118 (Downtown 118), a 43-storey tower in Downtown Dubai completed in 2016 by Signature DT Real Estate Development. It last sold on 1 June 2026 for AED 30,700,000, or AED 4,616 per sqft, 29% above the AED 3,589 four-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 25 July 2020, is AED 550,000 a year: a gross yield of 1.8% on the 2026 price, before the service charge of about AED 247,500 a year.
Sales and rents for 23 over time
23 has sold twice; the dashed line is the four-bed median of each year in the building.
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 23 sits
All 26 4-beds →23 last sold in June 2026 at AED 4,616 per sqft, 29% above what four-beds in The 118 (Downtown 118) were fetching at the time (AED 3,589). 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. 23's AED 550,000 is at the bottom of that range.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Aug 20264 August 2026 | 6,650 sqft | 25,000,000 | 3,759 | ||
| 27 Jul 202627 July 2026 | 6,650 sqft | 18,000,000 | 2,706 | ||
| 9 Apr 20269 April 2026 | 6,650 sqft | 23,000,000 | 3,458 | ||
| 31 Oct 202531 October 2025 | 7,333 sqft | 24,475,000 | 3,337 |
The 118 (Downtown 118)
Building28 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%
23, The 118 (Downtown 118) in numbers
- Sold twice: first on 6 July 2023 for AED 21,800,000, last on 1 June 2026 for AED 30,700,000 (AED 4,616 per sqft).
- Rented since July 2019 on 2 Ejari contracts, at AED 550,000 a year.
- At AED 550,000 a year the gross yield on the 2026 price is 1.8%, 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 June 2026.
Questions about 23, The 118 (Downtown 118)
What did unit 23 last sell for?
AED 30,700,000 on 1 June 2026: AED 4,616 per sqft for 6,650 sqft. The unit has 2 registered sales; the first was AED 21,800,000 in July 2023.
What is the rent for unit 23?
AED 550,000 a year on the contract renewed on 25 July 2020. The previous contract, from July 2019, was AED 550,000.
How big is unit 23?
6,650 sqft (617.8 sqm): a four-bedroom apartment on the 23rd floor of a 43-storey tower completed in 2016.
What is unit 23 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 23, The 118 (Downtown 118)
Starts from the last sale price (AED 30.7M, 1 June 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 30,700,000
- Deposit, UAE resident (20%)
- AED 6,140,000
- Deposit, non-resident (40%)
- AED 12,280,000
- Monthly over 25 years at 3.7%
- AED 125,603
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →