1-bed · 919 sqftThe Distinction, Downtown Dubai · 31st floor · completed 2016

3103, The Distinction

Sold prices and rental history: sold once, by the developer in April 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3103 · DLD and Ejari recordsUpdated 28 October 2024
Last soldAED 2.77M1 April 2014
Current rentAED 125K /yr28 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3103, The Distinction

What is 3103 worth today?

Last sold for AED 2,771,872 in 2014

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28 Oct 2024RentedNew contract
AED 125,000/yr12 months · AED 137 per sqft
5 Oct 2023RentedRenewal
AED 105,000/yr12 months · AED 114 per sqft
5 Oct 2022RentedRenewal
AED 95,000/yr12 months · AED 103 per sqft
5 Oct 2021RentedNew contract
AED 85,000/yr12 months · AED 93 per sqft
1 Oct 2020RentedNew contract
AED 70,000/yr12 months · AED 77 per sqft
15 Oct 2017RentedNew contract
AED 110,000/yr12 months · AED 120 per sqft
1 Apr 2014Sold by developerOff-plan
AED 2,771,872AED 3,017 per sqft

Source: Dubai Land Department. Updated 28 October 2024.

Key facts

Type
1-bed hotel apartment
Size
919 sqft
Floor
31st of 52
Parking
P3-51
Developer
DAMAC
Completed
2016
Last sold
AED 2.77M · April 2014

About 3103, The Distinction

3103 is a one-bedroom hotel apartment of 919 sqft on the 31st floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. The developer sold it on 1 April 2014 for AED 2,771,872, or AED 3,017 per sqft, 13% above the AED 2,676 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 28 October 2024, is AED 125,000 a year: a gross yield of 4.5% on the 2014 price.

Sales and rents for 3103 over time

Sales
Unit 3103, each saleTypical one-bed in The Distinction
1M2M3M2012201620202024Typical 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, April 2014: AED 2,771,872 (AED 3,017 per sqft)

3103 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3103, each contractTypical one-bed in The Distinction
100K2017202020232026Typical 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, October 2017: AED 110,000 a yearNew contract, October 2020: AED 70,000 a yearNew contract, October 2021: AED 85,000 a yearRenewal, October 2022: AED 95,000 a yearRenewal, October 2023: AED 105,000 a yearNew contract, October 2024: AED 125,000 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 3103 sits

All 95 1-beds →

3103 last sold in April 2014 at AED 3,017 per sqft, 13% above what one-beds in The Distinction were fetching at the time (AED 2,676). 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. 3103's AED 125,000 is at the top 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 31st floor

All 305 units in The Distinction
Value
31011-bedAED 2.07M · Jun 2013
31022-bedAED 3.78M · Mar 2014
31042-bedAED 3.86M · Apr 2014
31052-bedAED 3.44M · Mar 2013
31063-bedAED 4.54M · Jan 2016
31072-bedAED 2.54M · Mar 2018

3103, The Distinction in numbers

  • Sold once: by DAMAC on 1 April 2014 for AED 2,771,872, or AED 3,017 per sqft.
  • Rented since October 2017 on 6 Ejari contracts. The rent fell from AED 110,000 to AED 70,000 in 2020 and recovered to AED 125,000 by October 2024.
  • At AED 125,000 a year the gross yield on the 2014 price is 4.5%.
  • 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 October 2024.

Questions about 3103, The Distinction

What did unit 3103 last sell for?

AED 2,771,872 on 1 April 2014, sold by the developer: AED 3,017 per sqft for 919 sqft. It is the only registered sale of the unit.

What is the rent for unit 3103?

AED 125,000 a year on the contract signed on 28 October 2024. The previous contract, from October 2023, was AED 105,000; the unit has been rented since October 2017.

How big is unit 3103?

919 sqft (85.4 sqm): a one-bedroom hotel apartment on the 31st floor of a 52-storey tower completed in 2016.

What is unit 3103 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 3103, The Distinction

Starts from the last sale price (AED 2.77M, 1 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,771,872
Deposit, UAE resident (20%)
AED 554,374
Deposit, non-resident (40%)
AED 1,108,749
Monthly over 25 years at 3.7%
AED 11,341

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