31, The 118 (Downtown 118)
Sold prices and rental history: sold twice, last in October 2023, 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 31, The 118 (Downtown 118)
What is 31 worth today?
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Source: Dubai Land Department. Updated 1 October 2025.
Key facts
- Type
- 4-bed apartment
- Size
- 6,651 sqft
- Floor
- 31st of 43
- Parking
- P2-31-1 TO P2-31-3
- Developer
- Signature DT Real Estate Development
- Completed
- 2016
- Service charge
- AED 247,500 /yr
- Last sold
- AED 24M · October 2023
- Building
- The 118 (Downtown 118)
About 31, The 118 (Downtown 118)
31 is a four-bedroom apartment of 6,651 sqft on the 31st 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 30 October 2023 for AED 24,000,000, or AED 3,608 per sqft, 9% above the AED 3,308 four-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 1 October 2025, is AED 2,000,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 247,500 a year.
Sales and rents for 31 over time
31 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 31 sits
All 26 4-beds →31 last sold in October 2023 at AED 3,608 per sqft, 9% above what four-beds in The 118 (Downtown 118) were fetching at the time (AED 3,308). 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. 31's AED 2,000,000 is at the top 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%
31, The 118 (Downtown 118) in numbers
- Sold twice: first on 8 September 2015 for AED 20,894,000, last on 30 October 2023 for AED 24,000,000 (AED 3,608 per sqft).
- Rented since February 2020 on 7 Ejari contracts, from AED 550,000 to AED 2,000,000 a year.
- At AED 2,000,000 a year the gross yield on the 2023 price is 8.3%, 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 October 2025.
Questions about 31, The 118 (Downtown 118)
What did unit 31 last sell for?
AED 24,000,000 on 30 October 2023: AED 3,608 per sqft for 6,651 sqft. The unit has 2 registered sales; the first was AED 20,894,000 in September 2015.
What is the rent for unit 31?
AED 2,000,000 a year on the contract renewed on 1 October 2025. The previous contract, from October 2025, was AED 2,000,000; the unit has been rented since February 2020.
How big is unit 31?
6,651 sqft (617.9 sqm): a four-bedroom apartment on the 31st floor of a 43-storey tower completed in 2016.
What is unit 31 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 31, The 118 (Downtown 118)
Starts from the last sale price (AED 24M, 30 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 24,000,000
- Deposit, UAE resident (20%)
- AED 4,800,000
- Deposit, non-resident (40%)
- AED 9,600,000
- Monthly over 25 years at 3.7%
- AED 98,191
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →