1701, The Distinction
Sold prices and rental history: sold once, by the developer in January 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1701, The Distinction
What is 1701 worth today?
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Source: Dubai Land Department. Updated 20 August 2023.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 767 sqft
- Floor
- 17th of 52
- Parking
- P2-20
- Developer
- DAMAC
- Completed
- 2016
- Last sold
- AED 1.91M · January 2013
- Building
- The Distinction
About 1701, The Distinction
1701 is a one-bedroom hotel apartment of 767 sqft on the 17th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. The developer sold it on 2 January 2013 for AED 1,914,500, or AED 2,497 per sqft, 15% above the AED 2,162 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 20 August 2023, is AED 90,000 a year: a gross yield of 4.7% on the 2013 price.
Sales and rents for 1701 over time
1701 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Distinction, and where 1701 sits
All 95 1-beds →1701 last sold in January 2013 at AED 2,497 per sqft, 15% above what one-beds in The Distinction were fetching at the time (AED 2,162). Over the last 12 months one-beds sold for AED 1,200,000 to 1,800,960, around AED 1,718 per sqft, and rent for AED 36,000 to 125,000 a year. 1701's AED 90,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 892 sqft | 1,325,000 | 1,485 | ||
| 28 Oct 202628 October 2026 | 892 sqft | 1,300,000 | 1,457 | ||
| 23 Sep 202623 September 2026 | 767 sqft | 1,317,611 | 1,718 | ||
| 27 Aug 202627 August 2026 | 772 sqft | 1,200,000 | 1,554 |
The Distinction
Building305 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%
Other units on the 17th floor
All 305 units in The Distinction| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1702 | 2-bed | 1,320 sqft | AED 3.22MAED 3,217,900 · Jan 2013January 2013 | ||
| 1703 | 3-bed | 2,158 sqft | AED 2.88MAED 2,876,401 · Dec 2021December 2021 | 210,566 /yr | |
| 1704 | 2-bed | 1,239 sqft | AED 3.36MAED 3,362,850 · Mar 2016March 2016 | ||
| 1705 | 1-bed | 892 sqft | AED 1.43MAED 1,425,000 · Sep 2022September 2022 | 110,000 /yr | |
| 1706 | Studio | 520 sqft | AED 1.07MAED 1,065,000 · May 2026May 2026 | 90,000 /yr | |
| 1707 | 3-bed | 533 sqft | AED 4.73MAED 4,732,500 · Dec 2015December 2015 |
1701, The Distinction in numbers
- Sold once: by DAMAC on 2 January 2013 for AED 1,914,500, or AED 2,497 per sqft.
- Rented since April 2018 on 6 Ejari contracts. The rent fell from AED 105,000 to AED 64,000 in 2021 and recovered to AED 90,000 by August 2023.
- At AED 90,000 a year the gross yield on the 2013 price is 4.7%.
- One-beds in The Distinction sold for AED 1,200,000–1,800,960 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 20 August 2023.
Questions about 1701, The Distinction
What did unit 1701 last sell for?
AED 1,914,500 on 2 January 2013, sold by the developer: AED 2,497 per sqft for 767 sqft. It is the only registered sale of the unit.
What is the rent for unit 1701?
AED 90,000 a year on the contract renewed on 20 August 2023. The previous contract, from August 2022, was AED 75,000; the unit has been rented since April 2018.
How big is unit 1701?
767 sqft (71.3 sqm): a one-bedroom hotel apartment on the 17th floor of a 52-storey tower completed in 2016.
What is unit 1701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Distinction sold for AED 1,200,000 to 1,800,960 in the last 12 months, around AED 1,718 per sqft.
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Mortgage on 1701, The Distinction
Starts from the last sale price (AED 1.91M, 2 January 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,914,500
- Deposit, UAE resident (20%)
- AED 382,900
- Deposit, non-resident (40%)
- AED 765,800
- Monthly over 25 years at 3.7%
- AED 7,833
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →