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1-bed · 767 sqftThe Distinction, Downtown Dubai · 24th floor · completed 2016

2401, The Distinction

Sold prices and rental history: sold 3 times, last in September 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2401 · DLD and Ejari recordsUpdated 24 September 2017
Last soldAED 1.75M24 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2401, The Distinction

What is 2401 worth today?

Last sold for AED 1,750,000 in 2017

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24 Sep 2017SoldReady
AED 1,750,000AED 2,282 per sqft
26 Jan 2016SoldOff-plan
AED 1,400,000AED 1,826 per sqft
16 Jan 2013Sold by developerOff-plan
AED 1,971,900AED 2,572 per sqft

Source: Dubai Land Department. Updated 24 September 2017.

Key facts

Type
1-bed hotel apartment
Size
767 sqft
Floor
24th of 52
Parking
P3-05
Developer
DAMAC
Completed
2016
Last sold
AED 1.75M · September 2017
Building
The Distinction

About 2401, The Distinction

2401 is a one-bedroom hotel apartment of 767 sqft on the 24th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. It last sold on 24 September 2017 for AED 1,750,000, or AED 2,282 per sqft, 4% below the AED 2,370 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2401 over time

Sales
Unit 2401, 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, January 2013: AED 1,971,900 (AED 2,572 per sqft)Sold, January 2016: AED 1,400,000 (AED 1,826 per sqft)Sold, September 2017: AED 1,750,000 (AED 2,282 per sqft)

2401 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2401, each contractTypical one-bed in The Distinction
80K100K2017202020232026Typical 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 100,000

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 2401 sits

All 95 1-beds →

2401 last sold in September 2017 at AED 2,282 per sqft, 4% below what one-beds in The Distinction were fetching at the time (AED 2,370). 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.

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 24th floor

All 305 units in The Distinction
Value
24022-bedAED 2M · Sep 2017
24033-bedAED 4.3M · Jul 2018
24042-bedAED 3.48M · Jan 2013
24051-bedAED 2.23M · Mar 2013
2406StudioAED 817K · Aug 2022
24073-bedAED 4.73M · May 2018

2401, The Distinction in numbers

  • Sold 3 times: first on 16 January 2013 for AED 1,971,900, last on 24 September 2017 for AED 1,750,000 (AED 2,282 per sqft).
  • 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 24 September 2017.

Questions about 2401, The Distinction

What did unit 2401 last sell for?

AED 1,750,000 on 24 September 2017: AED 2,282 per sqft for 767 sqft. The unit has 3 registered sales; the first was AED 1,971,900 in January 2013.

How big is unit 2401?

767 sqft (71.3 sqm): a one-bedroom hotel apartment on the 24th floor of a 52-storey tower completed in 2016.

What is unit 2401 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 2401, The Distinction

Starts from the last sale price (AED 1.75M, 24 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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