2-bed · 1,142 sqftUpper Crest, Downtown Dubai · 15th floor · completed 2015

1501, Upper Crest

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

Unit 1501 · DLD and Ejari recordsUpdated 1 April 2025
Last soldAED 1.85M19 March 2012
Current rentAED 120K /yr1 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1501, Upper Crest

What is 1501 worth today?

Last sold for AED 1,852,800 in 2012

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1 Apr 2025RentedNew contract
AED 120,000/yr12 months · AED 105 per sqft
1 Apr 2025RentedNew contract
AED 120,000/yr12 months · AED 105 per sqft
15 Feb 2024RentedRenewal
AED 132,000/yr12 months · AED 116 per sqft
15 Feb 2023RentedNew contract
AED 120,000/yr12 months · AED 105 per sqft
25 Nov 2021RentedNew contract
AED 110,000/yr12 months · AED 96 per sqft
25 Oct 2020RentedNew contract
AED 65,000/yr12 months · AED 57 per sqft
5 Jan 2019RentedNew contract
AED 100,000/yr12 months · AED 88 per sqft
1 Jan 2018RentedNew contract
AED 105,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 1 April 2025.

Key facts

Type
2-bed hotel apartment
Size
1,142 sqft
Floor
15th of 43
Parking
P2-25
Developer
DAMAC
Completed
2015
Last sold
AED 1.85M · March 2012
Building
Upper Crest

About 1501, Upper Crest

1501 is a two-bedroom hotel apartment of 1,142 sqft on the 15th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. The developer sold it on 19 March 2012 for AED 1,852,800, or AED 1,622 per sqft.

It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, signed on 1 April 2025, is AED 120,000 a year: a gross yield of 6.5% on the 2012 price.

Sales and rents for 1501 over time

Sales
Unit 1501, 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, March 2012: AED 1,852,800 (AED 1,622 per sqft)

1501 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1501, each contractTypical two-bed in Upper Crest
100K2017202020232026Typical 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, January 2018: AED 105,000 a yearNew contract, January 2019: AED 100,000 a yearNew contract, October 2020: AED 65,000 a yearNew contract, November 2021: AED 110,000 a yearNew contract, February 2023: AED 120,000 a yearRenewal, February 2024: AED 132,000 a yearNew contract, April 2025: AED 120,000 a yearNew contract, April 2025: AED 120,000 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 1501 sits

All 105 2-beds →

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. 1501's AED 120,000 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 15th floor

All 390 units in Upper Crest
Value
1502StudioAED 746K · Mar 2012
15031-bedAED 1.39M · Mar 2012
15041-bedAED 1.43M · Mar 2012
15051-bedAED 1.3M · Nov 2026
15061-bedAED 800K · Apr 2021
15073-bedAED 2.65M · Apr 2026
1508StudioAED 900K · Jun 2016
1–7 of 10

1501, Upper Crest in numbers

  • Sold once: by DAMAC on 19 March 2012 for AED 1,852,800, or AED 1,622 per sqft.
  • Rented since January 2018 on 8 Ejari contracts. The rent fell from AED 105,000 to AED 65,000 in 2020 and recovered to AED 120,000 by April 2025.
  • At AED 120,000 a year the gross yield on the 2012 price is 6.5%.
  • 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 1 April 2025.

Questions about 1501, Upper Crest

What did unit 1501 last sell for?

AED 1,852,800 on 19 March 2012, sold by the developer: AED 1,622 per sqft for 1,142 sqft. It is the only registered sale of the unit.

What is the rent for unit 1501?

AED 120,000 a year on the contract signed on 1 April 2025. The previous contract, from April 2025, was AED 120,000; the unit has been rented since January 2018.

How big is unit 1501?

1,142 sqft (106.1 sqm): a two-bedroom hotel apartment on the 15th floor of a 43-storey tower completed in 2015.

What is unit 1501 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 1501, Upper Crest

Starts from the last sale price (AED 1.85M, 19 March 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,852,800
Deposit, UAE resident (20%)
AED 370,560
Deposit, non-resident (40%)
AED 741,120
Monthly over 25 years at 3.7%
AED 7,580

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