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1-bed · 858 sqftUpper Crest, Downtown Dubai · 12th floor · completed 2015

12A04, Upper Crest

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 12A04 · DLD and Ejari recordsUpdated 15 January 2024
Last soldAED 2.37M7 November 2017
Current rentAED 84K /yr15 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 12A04, Upper Crest

What is 12A04 worth today?

Last sold for AED 2,369,000 in 2017

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15 Jan 2024RentedRenewal
AED 84,000/yr12 months · AED 98 per sqft
15 Jan 2023RentedRenewal
AED 78,000/yr12 months · AED 91 per sqft
15 Jan 2022RentedNew contract
AED 75,000/yr12 months · AED 87 per sqft
4 Jul 2019RentedNew contract
AED 70,000/yr12 months · AED 81 per sqft
7 Nov 2017Sold by developerReady
AED 2,369,000AED 2,761 per sqft

Source: Dubai Land Department. Updated 15 January 2024.

Key facts

Type
1-bed hotel apartment
Size
858 sqft
Floor
12th of 43
Parking
P2-13
Developer
DAMAC
Completed
2015
Last sold
AED 2.37M · November 2017
Building
Upper Crest

About 12A04, Upper Crest

12A04 is a one-bedroom hotel apartment of 858 sqft on the 12th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. The developer sold it on 7 November 2017 for AED 2,369,000, or AED 2,761 per sqft, 95% above the AED 1,414 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 15 January 2024, is AED 84,000 a year: a gross yield of 3.5% on the 2017 price.

Sales and rents for 12A04 over time

Sales
Unit 12A04, each saleTypical one-bed in Upper Crest
1M2M2012201620202024Typical sale price by year: 2012 AED 1,562,975; 2013 AED 2,086,100; 2014 AED 2,201,225; 2015 AED 2,324,354; 2016 AED 2,431,363; 2017 AED 1,245,000; 2018 AED 1,320,000; 2019 AED 900,000; 2020 AED 820,000; 2021 AED 850,000; 2022 AED 1,275,000; 2023 AED 1,425,000; 2024 AED 1,330,000; 2025 AED 1,500,000; 2026 AED 1,300,000Sold by developer, November 2017: AED 2,369,000 (AED 2,761 per sqft)

12A04 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 12A04, each contractTypical one-bed in Upper Crest
60K80K100K2017202020232026Typical rent by year: 2017 AED 85,000; 2018 AED 85,000; 2019 AED 75,000; 2020 AED 60,081; 2021 AED 65,000; 2022 AED 78,600; 2023 AED 90,000; 2024 AED 95,000; 2025 AED 100,000; 2026 AED 93,000New contract, July 2019: AED 70,000 a yearNew contract, January 2022: AED 75,000 a yearRenewal, January 2023: AED 78,000 a yearRenewal, January 2024: AED 84,000 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 Upper Crest, and where 12A04 sits

All 177 1-beds →

12A04 last sold in November 2017 at AED 2,761 per sqft, 95% above what one-beds in Upper Crest were fetching at the time (AED 1,414). Over the last 12 months one-beds sold for AED 1,200,000 to 1,796,259, around AED 1,573 per sqft, and rent for AED 50,000 to 170,000 a year. 12A04's AED 84,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Nov 20261,300,000
10 Aug 20261,200,000
4 Aug 20261,250,000
3 Mar 20261,350,000
10 1-bed 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 12th floor

All 390 units in Upper Crest
Value
12012-bedAED 1.91M · May 2012
1202StudioAED 800K · Dec 2022
12031-bedAED 525K · Sep 2018
12041-bedAED 1.43M · Jul 2012
12051-bedAED 1.48M · Mar 2012
12061-bedAED 1.56M · Mar 2012
12073-bedAED 2.67M · Mar 2012
1–7 of 21

12A04, Upper Crest in numbers

  • Sold once: by DAMAC on 7 November 2017 for AED 2,369,000, or AED 2,761 per sqft.
  • Rented since July 2019 on 4 Ejari contracts, from AED 70,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2017 price is 3.5%.
  • One-beds in Upper Crest sold for AED 1,200,000–1,796,259 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 15 January 2024.

Questions about 12A04, Upper Crest

What did unit 12A04 last sell for?

AED 2,369,000 on 7 November 2017, sold by the developer: AED 2,761 per sqft for 858 sqft. It is the only registered sale of the unit.

What is the rent for unit 12A04?

AED 84,000 a year on the contract renewed on 15 January 2024. The previous contract, from January 2023, was AED 78,000; the unit has been rented since July 2019.

How big is unit 12A04?

858 sqft (79.7 sqm): a one-bedroom hotel apartment on the 12th floor of a 43-storey tower completed in 2015.

What is unit 12A04 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Upper Crest sold for AED 1,200,000 to 1,796,259 in the last 12 months, around AED 1,573 per sqft.

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Mortgage on 12A04, Upper Crest

Starts from the last sale price (AED 2.37M, 7 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,369,000
Deposit, UAE resident (20%)
AED 473,800
Deposit, non-resident (40%)
AED 947,600
Monthly over 25 years at 3.7%
AED 9,692

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