3-bed · 1,770 sqftThe Distinction, Downtown Dubai · 24th floor · completed 2016

2407, The Distinction

Sold prices and rental history: sold twice, last in May 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2407 · DLD and Ejari recordsUpdated 30 May 2018
Last soldAED 4.73M30 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2407, The Distinction

What is 2407 worth today?

Last sold for AED 4,730,000 in 2018

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30 May 2018SoldReady
AED 4,730,000AED 2,671 per sqft
30 Jun 2015Sold by developerOff-plan · flagged as an outlier
AED 4,730,000AED 8,866 per sqft

Source: Dubai Land Department. Updated 30 May 2018.

Key facts

Type
3-bed hotel apartment
Size
1,770 sqft
Floor
24th of 52
Parking
P3-10
Developer
DAMAC
Completed
2016
Last sold
AED 4.73M · May 2018

About 2407, The Distinction

2407 is a three-bedroom hotel apartment of 1,770 sqft on the 24th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. It last sold on 30 May 2018 for AED 4,730,000, or AED 2,671 per sqft, 21% above the AED 2,201 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2407 over time

Sales
Unit 2407, each saleTypical three-bed in The Distinction
2M4M2012201620202024Typical sale price by year: 2012 AED 4,126,100; 2013 AED 4,771,800; 2014 AED 5,071,960; 2015 AED 5,264,125; 2017 AED 3,879,000; 2018 AED 4,300,000; 2021 AED 1,910,000; 2022 AED 2,851,800; 2023 AED 2,730,000; 2024 AED 3,400,000; 2025 AED 3,211,822; 2026 AED 2,915,000Sold, May 2018: AED 4,730,000 (AED 2,671 per sqft)

2407 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2407, each contractTypical three-bed in The Distinction
100K150K200K2017202020232026Typical rent by year: 2017 AED 205,000; 2018 AED 180,000; 2019 AED 160,000; 2020 AED 110,000; 2021 AED 130,000; 2022 AED 154,000; 2023 AED 175,000; 2024 AED 197,500; 2025 AED 210,000; 2026 AED 200,000

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

3-beds in The Distinction, and where 2407 sits

All 58 3-beds →

2407 last sold in May 2018 at AED 2,671 per sqft, 21% above what three-beds in The Distinction were fetching at the time (AED 2,201). Over the last 12 months three-beds sold for AED 2,470,000 to 3,517,480, around AED 1,895 per sqft, and rent for AED 138,462 to 240,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
7 Oct 20263,300,000
21 Sep 20262,530,000
2 Apr 20263,517,480
30 Mar 20262,470,000
5 3-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
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

2407, The Distinction in numbers

  • Sold twice: first on 30 June 2015 for AED 4,730,000, last on 30 May 2018 for AED 4,730,000 (AED 2,671 per sqft).
  • Three-beds in The Distinction sold for AED 2,470,000–3,517,480 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 30 May 2018.

Questions about 2407, The Distinction

What did unit 2407 last sell for?

AED 4,730,000 on 30 May 2018: AED 2,671 per sqft for 1,770 sqft. The unit has 2 registered sales; the first was AED 4,730,000 in June 2015.

How big is unit 2407?

1,770 sqft (164.4 sqm): a three-bedroom hotel apartment on the 24th floor of a 52-storey tower completed in 2016.

What is unit 2407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Distinction sold for AED 2,470,000 to 3,517,480 in the last 12 months, around AED 1,895 per sqft.

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Mortgage on 2407, The Distinction

Starts from the last sale price (AED 4.73M, 30 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 4,730,000
Deposit, UAE resident (20%)
AED 946,000
Deposit, non-resident (40%)
AED 1,892,000
Monthly over 25 years at 3.7%
AED 19,352

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