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1-bed · 892 sqftThe Distinction, Downtown Dubai · 17th floor · completed 2016

1705, The Distinction

Sold prices and rental history: sold twice, last in September 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1705 · DLD and Ejari recordsUpdated 1 May 2023
Last soldAED 1.43M27 September 2022
Current rentAED 110K /yr1 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1705, The Distinction

What is 1705 worth today?

Last sold for AED 1,425,000 in 2022

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1 May 2023RentedNew contract
AED 110,000/yr12 months · AED 123 per sqft
27 Sep 2022SoldReady
AED 1,425,000AED 1,597 per sqft
20 Jan 2021RentedNew contract
AED 60,000/yr12 months · AED 67 per sqft
9 Jul 2013Sold by developerOff-plan
AED 2,007,200AED 2,250 per sqft

Source: Dubai Land Department. Updated 1 May 2023.

Key facts

Type
1-bed hotel apartment
Size
892 sqft
Floor
17th of 52
Parking
P2-23
Developer
DAMAC
Completed
2016
Last sold
AED 1.43M · September 2022
Building
The Distinction

About 1705, The Distinction

1705 is a one-bedroom hotel apartment of 892 sqft on the 17th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. It last sold on 27 September 2022 for AED 1,425,000, or AED 1,597 per sqft, 7% above the AED 1,494 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 May 2023, is AED 110,000 a year: a gross yield of 7.7% on the 2022 price.

Sales and rents for 1705 over time

Sales
Unit 1705, each saleTypical one-bed in The Distinction
1M2M2012201620202024Typical sale price by year: 2012 AED 1,773,750; 2013 AED 1,997,950; 2014 AED 2,326,680; 2015 AED 2,376,000; 2016 AED 1,683,850; 2017 AED 1,750,000; 2018 AED 1,416,610; 2019 AED 1,400,000; 2020 AED 1,075,000; 2022 AED 1,205,000; 2023 AED 1,460,000; 2024 AED 1,400,000; 2025 AED 1,460,727; 2026 AED 1,321,306Sold by developer, July 2013: AED 2,007,200 (AED 2,250 per sqft)Sold, September 2022: AED 1,425,000 (AED 1,597 per sqft)

1705 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1705, each contractTypical one-bed in The Distinction
75K100K2017202020232026Typical rent by year: 2017 AED 100,000; 2018 AED 85,000; 2019 AED 75,000; 2020 AED 66,500; 2021 AED 68,000; 2022 AED 77,100; 2023 AED 90,000; 2024 AED 95,000; 2025 AED 100,000; 2026 AED 100,000New contract, January 2021: AED 60,000 a yearNew contract, May 2023: AED 110,000 a year

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 1705 sits

All 95 1-beds →

1705 last sold in September 2022 at AED 1,597 per sqft, 7% above what one-beds in The Distinction were fetching at the time (AED 1,494). 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. 1705's AED 110,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Oct 20261,325,000
28 Oct 20261,300,000
23 Sep 20261,317,611
27 Aug 20261,200,000
7 1-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
17042-bedAED 3.36M · Mar 2016
1706StudioAED 1.07M · May 2026
17073-bedAED 4.73M · Dec 2015

1705, The Distinction in numbers

  • Sold twice: first on 9 July 2013 for AED 2,007,200, last on 27 September 2022 for AED 1,425,000 (AED 1,597 per sqft).
  • Rented since January 2021 on 2 Ejari contracts, from AED 60,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 7.7%.
  • 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 1 May 2023.

Questions about 1705, The Distinction

What did unit 1705 last sell for?

AED 1,425,000 on 27 September 2022: AED 1,597 per sqft for 892 sqft. The unit has 2 registered sales; the first was AED 2,007,200 in July 2013.

What is the rent for unit 1705?

AED 110,000 a year on the contract signed on 1 May 2023. The previous contract, from January 2021, was AED 60,000.

How big is unit 1705?

892 sqft (82.9 sqm): a one-bedroom hotel apartment on the 17th floor of a 52-storey tower completed in 2016.

What is unit 1705 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 1705, The Distinction

Starts from the last sale price (AED 1.43M, 27 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,425,000
Deposit, UAE resident (20%)
AED 285,000
Deposit, non-resident (40%)
AED 570,000
Monthly over 25 years at 3.7%
AED 5,830

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