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3-bed · 1,762 sqftThe Distinction, Downtown Dubai · 12th floor · completed 2016

1207, The Distinction

Sold prices and rental history: sold once, by the developer in May 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1207 · DLD and Ejari recordsUpdated 7 March 2023
Last soldAED 3.88M9 May 2017
Current rentAED 110K /yr7 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1207, The Distinction

What is 1207 worth today?

Last sold for AED 3,879,000 in 2017

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7 Mar 2023RentedRenewal
AED 110,400/yr12 months · AED 63 per sqft
7 Mar 2022RentedRenewal
AED 110,400/yr12 months · AED 63 per sqft
7 Mar 2021RentedNew contract
AED 92,000/yr12 months · AED 52 per sqft
27 Nov 2019RentedNew contract
AED 130,000/yr12 months · AED 74 per sqft
9 May 2017Sold by developerOff-plan
AED 3,879,000AED 2,201 per sqft

Source: Dubai Land Department. Updated 7 March 2023.

Key facts

Type
3-bed hotel apartment
Size
1,762 sqft
Floor
12th of 52
Parking
P2-52, P2-T3
Developer
DAMAC
Completed
2016
Last sold
AED 3.88M · May 2017
Building
The Distinction

About 1207, The Distinction

1207 is a three-bedroom hotel apartment of 1,762 sqft on the 12th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. The developer sold it on 9 May 2017 for AED 3,879,000, or AED 2,201 per sqft, 29% below the AED 3,114 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 7 March 2023, is AED 110,400 a year: a gross yield of 2.9% on the 2017 price.

Sales and rents for 1207 over time

Sales
Unit 1207, each saleTypical three-bed in The Distinction
2M4M2012201620202024Typical sale price by year: 2012 AED 4,126,100; 2013 AED 4,771,800; 2014 AED 5,071,960; 2015 AED 5,264,125; 2017 AED 3,879,000; 2018 AED 4,300,000; 2021 AED 1,910,000; 2022 AED 2,851,800; 2023 AED 2,730,000; 2024 AED 3,400,000; 2025 AED 3,211,822; 2026 AED 2,915,000Sold by developer, May 2017: AED 3,879,000 (AED 2,201 per sqft)

1207 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1207, each contractTypical three-bed in The Distinction
100K200K2017202020232026Typical rent by year: 2017 AED 205,000; 2018 AED 180,000; 2019 AED 160,000; 2020 AED 110,000; 2021 AED 130,000; 2022 AED 154,000; 2023 AED 175,000; 2024 AED 197,500; 2025 AED 210,000; 2026 AED 200,000New contract, November 2019: AED 130,000 a yearNew contract, March 2021: AED 92,000 a yearRenewal, March 2022: AED 110,400 a yearRenewal, March 2023: AED 110,400 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in The Distinction, and where 1207 sits

All 58 3-beds →

1207 last sold in May 2017 at AED 2,201 per sqft, 29% below what three-beds in The Distinction were fetching at the time (AED 3,114). Over the last 12 months three-beds sold for AED 2,470,000 to 3,517,480, around AED 1,895 per sqft, and rent for AED 138,462 to 240,000 a year. 1207's AED 110,400 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
7 Oct 20263,300,000
21 Sep 20262,530,000
2 Apr 20263,517,480
30 Mar 20262,470,000
5 3-bed sales in the last 12 months

The Distinction

Building

305 apartments, studios to 3-bed over 52 floors in Downtown Dubai, completed in 2016 by DAMAC. 26 sold in the last 12 months.

Typical price per sqft
AED 1,757 Up 3.6%
Typical sale
AED 1.95M
Typical rent
AED 120K /yr
Typical yield
6.5%
The Distinction, Downtown Dubai: prices, sales and rents →

Other units on the 12th floor

All 305 units in The Distinction
Value
12011-bedAED 1.87M · Jan 2013
12022-bedAED 4.58M · Apr 2014
12033-bedAED 6.13M · Feb 2013
12042-bedAED 3.14M · Jan 2013
12051-bedAED 2.47M · Nov 2014
1206StudioAED 1.42M · Feb 2013

1207, The Distinction in numbers

  • Sold once: by DAMAC on 9 May 2017 for AED 3,879,000, or AED 2,201 per sqft.
  • Rented since November 2019 on 4 Ejari contracts. The rent fell from AED 130,000 to AED 92,000 in 2021 and recovered to AED 110,400 by March 2023.
  • At AED 110,400 a year the gross yield on the 2017 price is 2.9%.
  • Three-beds in The Distinction sold for AED 2,470,000–3,517,480 in the 12 months to November 2026; the building's median across all types is AED 1,757 per sqft.

Source: Dubai Land Department. Updated 7 March 2023.

Questions about 1207, The Distinction

What did unit 1207 last sell for?

AED 3,879,000 on 9 May 2017, sold by the developer: AED 2,201 per sqft for 1,762 sqft. It is the only registered sale of the unit.

What is the rent for unit 1207?

AED 110,400 a year on the contract renewed on 7 March 2023. The previous contract, from March 2022, was AED 110,400; the unit has been rented since November 2019.

How big is unit 1207?

1,762 sqft (163.7 sqm): a three-bedroom hotel apartment on the 12th floor of a 52-storey tower completed in 2016.

What is unit 1207 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Distinction sold for AED 2,470,000 to 3,517,480 in the last 12 months, around AED 1,895 per sqft.

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Mortgage on 1207, The Distinction

Starts from the last sale price (AED 3.88M, 9 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,879,000
Deposit, UAE resident (20%)
AED 775,800
Deposit, non-resident (40%)
AED 1,551,600
Monthly over 25 years at 3.7%
AED 15,870

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →