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3-bed · 923 sqftThe Distinction, Downtown Dubai · 15th floor · completed 2016

1503, The Distinction

Sold prices and rental history: sold twice, last in May 2015, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 27 September 2021
Last soldAED 4.34M4 May 2015
Current rentAED 98K /yr27 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1503, The Distinction

What is 1503 worth today?

Last sold for AED 4,338,000 in 2015

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27 Sep 2021RentedRenewal
AED 98,000/yr12 months · AED 46 per sqft
27 Sep 2020RentedNew contract
AED 98,000/yr12 months · AED 46 per sqft
4 May 2015SoldOff-plan
AED 4,338,000AED 4,698 per sqft
21 Nov 2012Sold by developerOff-plan
AED 4,338,000AED 2,010 per sqft

Source: Dubai Land Department. Updated 27 September 2021.

Key facts

Type
3-bed hotel apartment
Size
923 sqft
Floor
15th of 52
Parking
P2-55, P2-T4
Developer
DAMAC
Completed
2016
Last sold
AED 4.34M · May 2015
Building
The Distinction

About 1503, The Distinction

1503 is a three-bedroom hotel apartment of 923 sqft on the 15th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. It last sold on 4 May 2015 for AED 4,338,000, or AED 4,698 per sqft, 57% above the AED 2,993 three-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 27 September 2021, is AED 98,000 a year: a gross yield of 2.3% on the 2015 price.

Sales and rents for 1503 over time

Sales
Unit 1503, 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, November 2012: AED 4,338,000 (AED 2,010 per sqft)Sold, May 2015: AED 4,338,000 (AED 4,698 per sqft)

1503 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1503, 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, September 2020: AED 98,000 a yearRenewal, September 2021: AED 98,000 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 1503 sits

All 58 3-beds →

1503 last sold in May 2015 at AED 4,698 per sqft, 57% above what three-beds in The Distinction were fetching at the time (AED 2,993). 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. 1503's AED 98,000 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 15th floor

All 305 units in The Distinction
Value
15011-bedAED 1.32M · Sep 2026
15022-bedAED 2M · Oct 2024
15042-bedAED 2M · Oct 2024
15051-bedAED 1.55M · Feb 2026
1506StudioAED 1.12M · Feb 2026
15073-bedAED 2.47M · Mar 2026

1503, The Distinction in numbers

  • Sold twice: first on 21 November 2012 for AED 4,338,000, last on 4 May 2015 for AED 4,338,000 (AED 4,698 per sqft).
  • Rented since September 2020 on 2 Ejari contracts, at AED 98,000 a year.
  • At AED 98,000 a year the gross yield on the 2015 price is 2.3%.
  • 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 27 September 2021.

Questions about 1503, The Distinction

What did unit 1503 last sell for?

AED 4,338,000 on 4 May 2015: AED 4,698 per sqft for 923 sqft. The unit has 2 registered sales; the first was AED 4,338,000 in November 2012.

What is the rent for unit 1503?

AED 98,000 a year on the contract renewed on 27 September 2021. The previous contract, from September 2020, was AED 98,000.

How big is unit 1503?

923 sqft (85.7 sqm): a three-bedroom hotel apartment on the 15th floor of a 52-storey tower completed in 2016.

What is unit 1503 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 1503, The Distinction

Starts from the last sale price (AED 4.34M, 4 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,338,000
Deposit, UAE resident (20%)
AED 867,600
Deposit, non-resident (40%)
AED 1,735,200
Monthly over 25 years at 3.7%
AED 17,748

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