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2-bed · 1,320 sqftThe Distinction, Downtown Dubai · 24th floor · completed 2016

2402, The Distinction

Sold prices and rental history: sold 3 times, last in September 2017, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 23 March 2020
Last soldAED 2M24 September 2017
Current rentAED 125K /yr23 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2402, The Distinction

What is 2402 worth today?

Last sold for AED 2,000,000 in 2017

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23 Mar 2020RentedRenewal
AED 125,000/yr12 months · AED 94 per sqft
23 Mar 2019RentedRenewal
AED 125,000/yr12 months · AED 94 per sqft
24 Sep 2017SoldReady
AED 2,000,000AED 1,514 per sqft
26 Jan 2016SoldOff-plan
AED 2,500,000AED 1,893 per sqft
16 Jan 2013Sold by developerOff-plan
AED 3,315,200AED 2,510 per sqft

Source: Dubai Land Department. Updated 23 March 2020.

Key facts

Type
2-bed hotel apartment
Size
1,320 sqft
Floor
24th of 52
Parking
P3-06
Developer
DAMAC
Completed
2016
Last sold
AED 2M · September 2017
Building
The Distinction

About 2402, The Distinction

2402 is a two-bedroom hotel apartment of 1,320 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 2,000,000, or AED 1,514 per sqft, 37% below the AED 2,419 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 23 March 2020, is AED 125,000 a year: a gross yield of 6.3% on the 2017 price.

Sales and rents for 2402 over time

Sales
Unit 2402, 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, January 2013: AED 3,315,200 (AED 2,510 per sqft)Sold, January 2016: AED 2,500,000 (AED 1,893 per sqft)Sold, September 2017: AED 2,000,000 (AED 1,514 per sqft)

2402 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2402, 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 141,800Renewal, March 2019: AED 125,000 a yearRenewal, March 2020: AED 125,000 a year

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 2402 sits

All 129 2-beds →

2402 last sold in September 2017 at AED 1,514 per sqft, 37% below what two-beds in The Distinction were fetching at the time (AED 2,419). 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. 2402's AED 125,000 is in the lower half of that range.

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 24th floor

All 305 units in The Distinction
Value
24011-bedAED 1.75M · 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

2402, The Distinction in numbers

  • Sold 3 times: first on 16 January 2013 for AED 3,315,200, last on 24 September 2017 for AED 2,000,000 (AED 1,514 per sqft).
  • Rented since March 2019 on 2 Ejari contracts, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2017 price is 6.3%.
  • 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 23 March 2020.

Questions about 2402, The Distinction

What did unit 2402 last sell for?

AED 2,000,000 on 24 September 2017: AED 1,514 per sqft for 1,320 sqft. The unit has 3 registered sales; the first was AED 3,315,200 in January 2013.

What is the rent for unit 2402?

AED 125,000 a year on the contract renewed on 23 March 2020. The previous contract, from March 2019, was AED 125,000.

How big is unit 2402?

1,320 sqft (122.6 sqm): a two-bedroom hotel apartment on the 24th floor of a 52-storey tower completed in 2016.

What is unit 2402 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 2402, The Distinction

Starts from the last sale price (AED 2M, 24 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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