32, The 118 (Downtown 118)
Sold prices and rental history: sold once, by the developer in May 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 32, The 118 (Downtown 118)
What is 32 worth today?
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Source: Dubai Land Department. Updated 23 May 2022.
Key facts
- Type
- 4-bed apartment
- Size
- 6,651 sqft
- Floor
- 32nd of 43
- Parking
- P2-32-1 TO P2-32-3
- Developer
- Signature DT Real Estate Development
- Completed
- 2016
- Service charge
- AED 247,500 /yr
- Last sold
- AED 22.9M · May 2022
- Building
- The 118 (Downtown 118)
About 32, The 118 (Downtown 118)
32 is a four-bedroom apartment of 6,651 sqft on the 32nd 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 23 May 2022 for AED 22,900,000, or AED 3,443 per sqft.
It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 15 July 2021, is AED 690,000 a year: a gross yield of 3.0% on the 2022 price, before the service charge of about AED 247,500 a year.
Sales and rents for 32 over time
32 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 32 sits
All 26 4-beds →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. 32's AED 690,000 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%
32, The 118 (Downtown 118) in numbers
- Sold once: by Signature DT Real Estate Development on 23 May 2022 for AED 22,900,000, or AED 3,443 per sqft.
- Rented since July 2019 on 2 Ejari contracts, from AED 625,000 to AED 690,000 a year.
- At AED 690,000 a year the gross yield on the 2022 price is 3.0%, 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 23 May 2022.
Questions about 32, The 118 (Downtown 118)
What did unit 32 last sell for?
AED 22,900,000 on 23 May 2022, sold by the developer: AED 3,443 per sqft for 6,651 sqft. It is the only registered sale of the unit.
What is the rent for unit 32?
AED 690,000 a year on the contract renewed on 15 July 2021. The previous contract, from July 2019, was AED 625,000.
How big is unit 32?
6,651 sqft (617.9 sqm): a four-bedroom apartment on the 32nd floor of a 43-storey tower completed in 2016.
What is unit 32 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 32, The 118 (Downtown 118)
Starts from the last sale price (AED 22.9M, 23 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 22,900,000
- Deposit, UAE resident (20%)
- AED 4,580,000
- Deposit, non-resident (40%)
- AED 9,160,000
- Monthly over 25 years at 3.7%
- AED 93,691
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →