2-bed · 1,221 sqftUpper Crest, Downtown Dubai · 12th floor · completed 2015

12A11, Upper Crest

Sold prices and rental history: sold once, by the developer in September 2012, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 12A11 · DLD and Ejari recordsUpdated 8 September 2024
Last soldAED 2.38M19 September 2012
Current rentAED 145K /yr8 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 12A11, Upper Crest

What is 12A11 worth today?

Last sold for AED 2,382,600 in 2012

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8 Sep 2024RentedNew contract
AED 145,000/yr12 months · AED 119 per sqft
30 May 2023RentedNew contract
AED 138,000/yr12 months · AED 113 per sqft
10 Feb 2021RentedNew contract
AED 90,000/yr12 months · AED 74 per sqft
20 Dec 2019RentedNew contract
AED 100,000/yr12 months · AED 82 per sqft
13 Sep 2018RentedNew contract
AED 115,000/yr12 months · AED 95 per sqft
19 Sep 2012Sold by developerOff-plan
AED 2,382,600AED 1,951 per sqft

Source: Dubai Land Department. Updated 8 September 2024.

Key facts

Type
2-bed hotel apartment
Size
1,221 sqft
Floor
12th of 43
Parking
P2-18
Developer
DAMAC
Completed
2015
Last sold
AED 2.38M · September 2012
Building
Upper Crest

About 12A11, Upper Crest

12A11 is a two-bedroom hotel apartment of 1,221 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 19 September 2012 for AED 2,382,600, or AED 1,951 per sqft, 15% above the AED 1,700 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 8 September 2024, is AED 145,000 a year: a gross yield of 6.1% on the 2012 price.

Sales and rents for 12A11 over time

Sales
Unit 12A11, each saleTypical two-bed in Upper Crest
1M2M3M2012201620202024Typical sale price by year: 2012 AED 2,069,100; 2013 AED 2,853,525; 2014 AED 2,739,300; 2016 AED 3,100,000; 2018 AED 1,630,000; 2021 AED 1,140,198; 2022 AED 1,450,000; 2023 AED 1,974,000; 2024 AED 2,050,000; 2025 AED 2,025,000; 2026 AED 2,062,500Sold by developer, September 2012: AED 2,382,600 (AED 1,951 per sqft)

12A11 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 12A11, each contractTypical two-bed in Upper Crest
100K150K2017202020232026Typical rent by year: 2017 AED 110,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 75,000; 2021 AED 85,000; 2022 AED 110,000; 2023 AED 120,000; 2024 AED 130,000; 2025 AED 130,000; 2026 AED 124,000New contract, September 2018: AED 115,000 a yearNew contract, December 2019: AED 100,000 a yearNew contract, February 2021: AED 90,000 a yearNew contract, May 2023: AED 138,000 a yearNew contract, September 2024: AED 145,000 a year

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

2-beds in Upper Crest, and where 12A11 sits

All 105 2-beds →

12A11 last sold in September 2012 at AED 1,951 per sqft, 15% above what two-beds in Upper Crest were fetching at the time (AED 1,700). Over the last 12 months two-beds sold for AED 1,720,000 to 2,410,254, around AED 1,761 per sqft, and rent for AED 70,000 to 170,000 a year. 12A11's AED 145,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Aug 20261,720,000
8 Jun 20262,000,000
17 Apr 20262,100,000
31 Mar 20262,025,000
12 2-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

12A11, Upper Crest in numbers

  • Sold once: by DAMAC on 19 September 2012 for AED 2,382,600, or AED 1,951 per sqft.
  • Rented since September 2018 on 5 Ejari contracts. The rent fell from AED 115,000 to AED 90,000 in 2021 and recovered to AED 145,000 by September 2024.
  • At AED 145,000 a year the gross yield on the 2012 price is 6.1%.
  • Two-beds in Upper Crest sold for AED 1,720,000–2,410,254 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 8 September 2024.

Questions about 12A11, Upper Crest

What did unit 12A11 last sell for?

AED 2,382,600 on 19 September 2012, sold by the developer: AED 1,951 per sqft for 1,221 sqft. It is the only registered sale of the unit.

What is the rent for unit 12A11?

AED 145,000 a year on the contract signed on 8 September 2024. The previous contract, from May 2023, was AED 138,000; the unit has been rented since September 2018.

How big is unit 12A11?

1,221 sqft (113.4 sqm): a two-bedroom hotel apartment on the 12th floor of a 43-storey tower completed in 2015.

What is unit 12A11 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Upper Crest sold for AED 1,720,000 to 2,410,254 in the last 12 months, around AED 1,761 per sqft.

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Mortgage on 12A11, Upper Crest

Starts from the last sale price (AED 2.38M, 19 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,382,600
Deposit, UAE resident (20%)
AED 476,520
Deposit, non-resident (40%)
AED 953,040
Monthly over 25 years at 3.7%
AED 9,748

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