3-bed · 1,770 sqftThe Distinction, Downtown Dubai · 13th floor · completed 2016

1307, The Distinction

Sold prices and rental history: sold once, by the developer in March 2015, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1307 · DLD and Ejari recordsUpdated 7 September 2022
Last soldAED 4.54M3 March 2015
Current rentAED 170K /yr7 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1307, The Distinction

What is 1307 worth today?

Last sold for AED 4,540,800 in 2015

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7 Sep 2022RentedNew contract
AED 170,000/yr12 months · AED 96 per sqft
14 Apr 2021RentedNew contract
AED 125,000/yr12 months · AED 71 per sqft
3 Mar 2015Sold by developerOff-plan
AED 4,540,800AED 2,564 per sqft

Source: Dubai Land Department. Updated 7 September 2022.

Key facts

Type
3-bed hotel apartment
Size
1,770 sqft
Floor
13th of 52
Parking
P2-01
Developer
DAMAC
Completed
2016
Last sold
AED 4.54M · March 2015

About 1307, The Distinction

1307 is a three-bedroom hotel apartment of 1,770 sqft on the 13th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. The developer sold it on 3 March 2015 for AED 4,540,800, or AED 2,564 per sqft, 12% below the AED 2,913 three-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 7 September 2022, is AED 170,000 a year: a gross yield of 3.7% on the 2015 price.

Sales and rents for 1307 over time

Sales
Unit 1307, 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, March 2015: AED 4,540,800 (AED 2,564 per sqft)

1307 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1307, each contractTypical three-bed in The Distinction
100K150K200K2017202020232026Typical 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, April 2021: AED 125,000 a yearNew contract, September 2022: AED 170,000 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 1307 sits

All 58 3-beds →

1307 last sold in March 2015 at AED 2,564 per sqft, 12% below what three-beds in The Distinction were fetching at the time (AED 2,913). 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. 1307's AED 170,000 is in the lower half 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 13th floor

All 305 units in The Distinction
Value
13011-bedAED 2.02M · Mar 2015
13022-bedAED 3.33M · Mar 2015
13033-bedAED 5.3M · Feb 2015
13042-bedAED 3.05M · Mar 2015
13051-bedAED 2.19M · Feb 2015
1306StudioAED 1.31M · Mar 2015

1307, The Distinction in numbers

  • Sold once: by DAMAC on 3 March 2015 for AED 4,540,800, or AED 2,564 per sqft.
  • Rented since April 2021 on 2 Ejari contracts, from AED 125,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2015 price is 3.7%.
  • 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 September 2022.

Questions about 1307, The Distinction

What did unit 1307 last sell for?

AED 4,540,800 on 3 March 2015, sold by the developer: AED 2,564 per sqft for 1,770 sqft. It is the only registered sale of the unit.

What is the rent for unit 1307?

AED 170,000 a year on the contract signed on 7 September 2022. The previous contract, from April 2021, was AED 125,000.

How big is unit 1307?

1,770 sqft (164.4 sqm): a three-bedroom hotel apartment on the 13th floor of a 52-storey tower completed in 2016.

What is unit 1307 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 1307, The Distinction

Starts from the last sale price (AED 4.54M, 3 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,540,800
Deposit, UAE resident (20%)
AED 908,160
Deposit, non-resident (40%)
AED 1,816,320
Monthly over 25 years at 3.7%
AED 18,578

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