Studio · 442 sqftUpper Crest, Downtown Dubai · 10th floor · completed 2015

1002, Upper Crest

Sold prices and rental history: sold twice, last in October 2012, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 26 September 2024
Last soldAED 746K8 October 2012
Current rentAED 60K /yr26 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1002, Upper Crest

What is 1002 worth today?

Last sold for AED 745,800 in 2012

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26 Sep 2024RentedRenewal
AED 60,000/yr12 months · AED 136 per sqft
26 Sep 2023RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
10 Apr 2023RentedRenewal
AED 58,000/yr12 months · AED 131 per sqft
10 Apr 2022RentedNew contract
AED 57,000/yr12 months · AED 129 per sqft
20 Jun 2021RentedNew contract
AED 38,000/yr12 months · AED 86 per sqft
4 Feb 2020RentedNew contract
AED 50,000/yr12 months · AED 113 per sqft
1 Feb 2019RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
8 Oct 2012SoldOff-plan
AED 745,800AED 1,687 per sqft

Source: Dubai Land Department. Updated 26 September 2024.

Key facts

Type
Studio hotel apartment
Size
442 sqft
Floor
10th of 43
Parking
nan
Developer
DAMAC
Completed
2015
Last sold
AED 746K · October 2012
Building
Upper Crest

About 1002, Upper Crest

1002 is a studio of 442 sqft on the 10th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. It last sold on 8 October 2012 for AED 745,800, or AED 1,687 per sqft, 7% below the AED 1,822 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 26 September 2024, is AED 60,000 a year: a gross yield of 8.1% on the 2012 price.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical studio in Upper Crest
500K1M1.5M2012201620202024Typical sale price by year: 2012 AED 902,550; 2013 AED 1,350,130; 2014 AED 1,365,000; 2016 AED 1,226,950; 2020 AED 572,500; 2022 AED 790,000; 2023 AED 885,507; 2024 AED 885,722Sold by developer, March 2012: AED 745,800 (AED 1,687 per sqft)Sold, October 2012: AED 745,800 (AED 1,687 per sqft)

1002 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1002, each contractTypical studio in Upper Crest
40K60K2017202020232026Typical rent by year: 2017 AED 65,000; 2018 AED 60,000; 2019 AED 55,000; 2020 AED 46,000; 2021 AED 40,000; 2022 AED 52,000; 2023 AED 60,000; 2024 AED 66,500; 2025 AED 68,250; 2026 AED 65,000New contract, February 2019: AED 60,000 a yearNew contract, February 2020: AED 50,000 a yearNew contract, June 2021: AED 38,000 a yearNew contract, April 2022: AED 57,000 a yearRenewal, April 2023: AED 58,000 a yearNew contract, September 2023: AED 60,000 a yearRenewal, September 2024: AED 60,000 a year

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

Studios in Upper Crest, and where 1002 sits

All 70 studios →

1002 last sold in October 2012 at AED 1,687 per sqft, 7% below what studios in Upper Crest were fetching at the time (AED 1,822). Over the last 12 months studios sold for AED 1,000,000, around AED 2,264 per sqft, and rent for AED 48,000 to 90,000 a year. 1002's AED 60,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Apr 20261,000,000
1 Apr 20261,000,000
21 Jul 2025980,000
28 Aug 2024920,000
2 studio sales in the last 12 months

Upper Crest

Building

390 apartments, studios to 3-bed over 43 floors in Downtown Dubai, completed in 2015 by DAMAC. 26 sold in the last 12 months.

Typical price per sqft
AED 1,714 Up 3.0%
Typical sale
AED 1.85M
Typical rent
AED 96K /yr
Typical yield
6.4%
Upper Crest, Downtown Dubai: prices, sales and rents →

Other units on the 10th floor

All 390 units in Upper Crest
Value
10012-bedAED 2.74M · Jul 2014
10031-bedAED 1.75M · Oct 2015
10041-bedAED 1.75M · Apr 2015
10051-bedAED 1.45M · Sep 2023
10061-bedAED 1.64M · Apr 2023
10073-bedAED 4.3M · Sep 2013
1008StudioAED 650K · Apr 2020
1–7 of 10

1002, Upper Crest in numbers

  • Sold twice: first on 25 March 2012 for AED 745,800, last on 8 October 2012 for AED 745,800 (AED 1,687 per sqft).
  • Rented since February 2019 on 7 Ejari contracts. The rent fell from AED 60,000 to AED 38,000 in 2021 and recovered to AED 60,000 by September 2024.
  • At AED 60,000 a year the gross yield on the 2012 price is 8.1%.
  • Studios in Upper Crest sold for AED 1,000,000–1,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,714 per sqft.

Source: Dubai Land Department. Updated 26 September 2024.

Questions about 1002, Upper Crest

What did unit 1002 last sell for?

AED 745,800 on 8 October 2012: AED 1,687 per sqft for 442 sqft. The unit has 2 registered sales; the first was AED 745,800 in March 2012.

What is the rent for unit 1002?

AED 60,000 a year on the contract renewed on 26 September 2024. The previous contract, from September 2023, was AED 60,000; the unit has been rented since February 2019.

How big is unit 1002?

442 sqft (41.1 sqm): a studio on the 10th floor of a 43-storey tower completed in 2015.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Upper Crest sold for AED 1,000,000 to 1,000,000 in the last 12 months, around AED 2,264 per sqft.

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Mortgage on 1002, Upper Crest

Starts from the last sale price (AED 746K, 8 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 745,800
Deposit, UAE resident (20%)
AED 149,160
Deposit, non-resident (40%)
AED 298,320
Monthly over 25 years at 3.7%
AED 3,051

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