39, The 118 (Downtown 118)
Sold prices and rental history: sold 3 times, last in March 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 39, The 118 (Downtown 118)
What is 39 worth today?
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Source: Dubai Land Department. Updated 17 March 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 6,651 sqft
- Floor
- 39th of 43
- Parking
- P1-39-1 TO P1-39-3
- Developer
- Signature DT Real Estate Development
- Completed
- 2016
- Service charge
- AED 247,500 /yr
- Last sold
- AED 22M · March 2023
- Building
- The 118 (Downtown 118)
About 39, The 118 (Downtown 118)
39 is a four-bedroom apartment of 6,651 sqft on the 39th 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 17 March 2023 for AED 22,000,000, or AED 3,308 per sqft, in line with the AED 3,308 four-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 October 2021, is AED 900,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 247,500 a year.
Sales and rents for 39 over time
39 has sold 3 times; 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 39 sits
All 26 4-beds →39 last sold in March 2023 at AED 3,308 per sqft, in line with 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. 39's AED 900,000 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%
39, The 118 (Downtown 118) in numbers
- Sold 3 times: first on 6 September 2015 for AED 20,000,000, last on 17 March 2023 for AED 22,000,000 (AED 3,308 per sqft).
- Rented since August 2019 on 2 Ejari contracts, from AED 1,200,000 to AED 900,000 a year.
- At AED 900,000 a year the gross yield on the 2023 price is 4.1%, 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 17 March 2023.
Questions about 39, The 118 (Downtown 118)
What did unit 39 last sell for?
AED 22,000,000 on 17 March 2023: AED 3,308 per sqft for 6,651 sqft. The unit has 3 registered sales; the first was AED 20,000,000 in September 2015.
What is the rent for unit 39?
AED 900,000 a year on the contract signed on 1 October 2021. The previous contract, from August 2019, was AED 1,200,000.
How big is unit 39?
6,651 sqft (617.9 sqm): a four-bedroom apartment on the 39th floor of a 43-storey tower completed in 2016.
What is unit 39 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 39, The 118 (Downtown 118)
Starts from the last sale price (AED 22M, 17 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 22,000,000
- Deposit, UAE resident (20%)
- AED 4,400,000
- Deposit, non-resident (40%)
- AED 8,800,000
- Monthly over 25 years at 3.7%
- AED 90,009
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →