38, The 118 (Downtown 118)
Sold prices and rental history: sold once, by the developer in March 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 38, The 118 (Downtown 118)
What is 38 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 4-bed apartment
- Size
- 6,651 sqft
- Floor
- 38th of 43
- Parking
- P2-38-1 TO P2-38-3
- Developer
- Signature DT Real Estate Development
- Completed
- 2016
- Service charge
- AED 247,500 /yr
- Last sold
- AED 24.7M · March 2024
- Building
- The 118 (Downtown 118)
About 38, The 118 (Downtown 118)
38 is a four-bedroom apartment of 6,651 sqft on the 38th 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 March 2024 for AED 24,700,000, or AED 3,713 per sqft, 10% above the AED 3,383 four-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 3,200,000 a year: a gross yield of 13.0% on the 2024 price, before the service charge of about AED 247,500 a year.
Sales and rents for 38 over time
38 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 38 sits
All 26 4-beds →38 last sold in March 2024 at AED 3,713 per sqft, 10% above what four-beds in The 118 (Downtown 118) were fetching at the time (AED 3,383). 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. 38's AED 3,200,000 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%
38, The 118 (Downtown 118) in numbers
- Sold once: by Signature DT Real Estate Development on 1 March 2024 for AED 24,700,000, or AED 3,713 per sqft.
- Rented since October 2020 on 5 Ejari contracts, from AED 675,000 to AED 3,200,000 a year.
- At AED 3,200,000 a year the gross yield on the 2024 price is 13.0%, 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 1 September 2026.
Questions about 38, The 118 (Downtown 118)
What did unit 38 last sell for?
AED 24,700,000 on 1 March 2024, sold by the developer: AED 3,713 per sqft for 6,651 sqft. It is the only registered sale of the unit.
What is the rent for unit 38?
AED 3,200,000 a year on the contract renewed on 1 September 2026. The previous contract, from September 2026, was AED 1,300,000; the unit has been rented since October 2020.
How big is unit 38?
6,651 sqft (617.9 sqm): a four-bedroom apartment on the 38th floor of a 43-storey tower completed in 2016.
What is unit 38 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 38, The 118 (Downtown 118)
Starts from the last sale price (AED 24.7M, 1 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 24,700,000
- Deposit, UAE resident (20%)
- AED 4,940,000
- Deposit, non-resident (40%)
- AED 9,880,000
- Monthly over 25 years at 3.7%
- AED 101,055
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →