1-bed · 918 sqftThe Distinction, Downtown Dubai · 27th floor · completed 2016

2703, The Distinction

Sold prices and rental history: sold twice, last in July 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2703 · DLD and Ejari recordsUpdated 28 July 2019
Last soldAED 1.4M28 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2703, The Distinction

What is 2703 worth today?

Last sold for AED 1,400,000 in 2019

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28 Jul 2019SoldReady
AED 1,400,000AED 1,524 per sqft
12 Feb 2013Sold by developerOff-plan
AED 2,510,200AED 2,733 per sqft

Source: Dubai Land Department. Updated 28 July 2019.

Key facts

Type
1-bed hotel apartment
Size
918 sqft
Floor
27th of 52
Parking
P3-21
Developer
DAMAC
Completed
2016
Last sold
AED 1.4M · July 2019

About 2703, The Distinction

2703 is a one-bedroom hotel apartment of 918 sqft on the 27th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. It last sold on 28 July 2019 for AED 1,400,000, or AED 1,524 per sqft, 17% below the AED 1,847 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2703 over time

Sales
Unit 2703, 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, February 2013: AED 2,510,200 (AED 2,733 per sqft)Sold, July 2019: AED 1,400,000 (AED 1,524 per sqft)

2703 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2703, 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 2703 sits

All 95 1-beds →

2703 last sold in July 2019 at AED 1,524 per sqft, 17% below what one-beds in The Distinction were fetching at the time (AED 1,847). 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 27th floor

All 305 units in The Distinction
Value
27011-bedAED 2.03M · Feb 2013
27022-bedAED 3.55M · Jan 2017
27042-bedAED 2.8M · Dec 2024
27052-bedAED 3.34M · Feb 2013
27061-bedAED 2.26M · Apr 2014
27072-bedAED 3.8M · Sep 2018
2706A1-bedAED 2.25M · May 2014

2703, The Distinction in numbers

  • Sold twice: first on 12 February 2013 for AED 2,510,200, last on 28 July 2019 for AED 1,400,000 (AED 1,524 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 28 July 2019.

Questions about 2703, The Distinction

What did unit 2703 last sell for?

AED 1,400,000 on 28 July 2019: AED 1,524 per sqft for 918 sqft. The unit has 2 registered sales; the first was AED 2,510,200 in February 2013.

How big is unit 2703?

918 sqft (85.3 sqm): a one-bedroom hotel apartment on the 27th floor of a 52-storey tower completed in 2016.

What is unit 2703 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 2703, The Distinction

Starts from the last sale price (AED 1.4M, 28 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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