28, The 118 (Downtown 118)
Sold prices and rental history: sold once, by the developer in August 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 28, The 118 (Downtown 118)
What is 28 worth today?
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Source: Dubai Land Department. Updated 29 August 2025.
Key facts
- Type
- 4-bed apartment
- Size
- 6,651 sqft
- Floor
- 28th of 43
- Parking
- P3-28-1 TO P3-28-3
- Developer
- Signature DT Real Estate Development
- Completed
- 2016
- Service charge
- AED 247,500 /yr
- Last sold
- AED 26M · August 2024
- Building
- The 118 (Downtown 118)
About 28, The 118 (Downtown 118)
28 is a four-bedroom apartment of 6,651 sqft on the 28th 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 28 August 2024 for AED 26,000,000, or AED 3,909 per sqft, 9% above the AED 3,571 four-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 29 August 2025, is AED 500,000 a year: a gross yield of 1.9% on the 2024 price, before the service charge of about AED 247,500 a year.
Sales and rents for 28 over time
28 has sold once; 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 28 sits
All 26 4-beds →28 last sold in August 2024 at AED 3,909 per sqft, 9% above what four-beds in The 118 (Downtown 118) were fetching at the time (AED 3,571). 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. 28's AED 500,000 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 | ||
| 1 Jun 20261 June 2026 | 6,650 sqft | 30,700,000 | 4,616 | ||
| 9 Apr 20269 April 2026 | 6,650 sqft | 23,000,000 | 3,458 |
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%
28, The 118 (Downtown 118) in numbers
- Sold once: by Signature DT Real Estate Development on 28 August 2024 for AED 26,000,000, or AED 3,909 per sqft.
- Rented since January 2020 on 6 Ejari contracts, from AED 630,000 to AED 500,000 a year.
- At AED 500,000 a year the gross yield on the 2024 price is 1.9%, 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 29 August 2025.
Questions about 28, The 118 (Downtown 118)
What did unit 28 last sell for?
AED 26,000,000 on 28 August 2024, sold by the developer: AED 3,909 per sqft for 6,651 sqft. It is the only registered sale of the unit.
What is the rent for unit 28?
AED 500,000 a year on the contract renewed on 29 August 2025. The previous contract, from August 2024, was AED 500,000; the unit has been rented since January 2020.
How big is unit 28?
6,651 sqft (617.9 sqm): a four-bedroom apartment on the 28th floor of a 43-storey tower completed in 2016.
What is unit 28 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 28, The 118 (Downtown 118)
Starts from the last sale price (AED 26M, 28 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 26,000,000
- Deposit, UAE resident (20%)
- AED 5,200,000
- Deposit, non-resident (40%)
- AED 10,400,000
- Monthly over 25 years at 3.7%
- AED 106,374
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →