2-bed · 1,239 sqftThe Distinction, Downtown Dubai · 17th floor · completed 2016

1704, The Distinction

Sold prices and rental history: sold twice, last in March 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 21 March 2016
Last soldAED 3.36M21 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, The Distinction

What is 1704 worth today?

Last sold for AED 3,362,850 in 2016

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21 Mar 2016SoldOff-plan
AED 3,362,850AED 2,715 per sqft
1 Apr 2014Sold by developerOff-plan
AED 3,362,850AED 2,715 per sqft

Source: Dubai Land Department. Updated 21 March 2016.

Key facts

Type
2-bed hotel apartment
Size
1,239 sqft
Floor
17th of 52
Parking
P2-22
Developer
DAMAC
Completed
2016
Last sold
AED 3.36M · March 2016

About 1704, The Distinction

1704 is a two-bedroom hotel apartment of 1,239 sqft on the 17th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. It last sold on 21 March 2016 for AED 3,362,850, or AED 2,715 per sqft, 8% below the AED 2,942 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1704 over time

Sales
Unit 1704, each saleTypical two-bed in The Distinction
2M4M2012201620202024Typical sale price by year: 2012 AED 2,691,775; 2013 AED 3,314,850; 2014 AED 3,662,400; 2015 AED 3,889,200; 2016 AED 3,362,850; 2017 AED 3,255,000; 2018 AED 2,544,525; 2019 AED 3,000,000; 2020 AED 1,800,000; 2021 AED 1,600,000; 2022 AED 1,960,400; 2023 AED 2,487,300; 2024 AED 2,349,000; 2025 AED 2,234,386; 2026 AED 2,000,000Sold by developer, April 2014: AED 3,362,850 (AED 2,715 per sqft)Sold, March 2016: AED 3,362,850 (AED 2,715 per sqft)

1704 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1704, each contractTypical two-bed in The Distinction
100K125K150K2017202020232026Typical rent by year: 2017 AED 150,000; 2018 AED 130,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 95,000; 2022 AED 115,000; 2023 AED 140,000; 2024 AED 150,000; 2025 AED 150,000; 2026 AED 141,800

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

2-beds in The Distinction, and where 1704 sits

All 129 2-beds →

1704 last sold in March 2016 at AED 2,715 per sqft, 8% below what two-beds in The Distinction were fetching at the time (AED 2,942). Over the last 12 months two-beds sold for AED 1,400,000 to 2,600,000, around AED 1,647 per sqft, and rent for AED 80,000 to 230,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20261,900,000
11 Sep 20261,700,000
22 Jul 20262,000,000
26 Jun 20261,400,000
11 2-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 17th floor

All 305 units in The Distinction
Value
17011-bedAED 1.91M · Jan 2013
17022-bedAED 3.22M · Jan 2013
17033-bedAED 2.88M · Dec 2021
17051-bedAED 1.43M · Sep 2022
1706StudioAED 1.07M · May 2026
17073-bedAED 4.73M · Dec 2015

1704, The Distinction in numbers

  • Sold twice: first on 1 April 2014 for AED 3,362,850, last on 21 March 2016 for AED 3,362,850 (AED 2,715 per sqft).
  • Two-beds in The Distinction sold for AED 1,400,000–2,600,000 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 21 March 2016.

Questions about 1704, The Distinction

What did unit 1704 last sell for?

AED 3,362,850 on 21 March 2016: AED 2,715 per sqft for 1,239 sqft. The unit has 2 registered sales; the first was AED 3,362,850 in April 2014.

How big is unit 1704?

1,239 sqft (115.1 sqm): a two-bedroom hotel apartment on the 17th floor of a 52-storey tower completed in 2016.

What is unit 1704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Distinction sold for AED 1,400,000 to 2,600,000 in the last 12 months, around AED 1,647 per sqft.

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Mortgage on 1704, The Distinction

Starts from the last sale price (AED 3.36M, 21 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,362,850
Deposit, UAE resident (20%)
AED 672,570
Deposit, non-resident (40%)
AED 1,345,140
Monthly over 25 years at 3.7%
AED 13,758

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