2-bed · 1,221 sqftUpper Crest, Downtown Dubai · 15th floor · completed 2015

1511, Upper Crest

Sold prices and rental history: sold once, by the developer in May 2014, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1511 · DLD and Ejari recordsUpdated 10 December 2023

Last soldAED 3.32M4 May 2014

Current rentAED 127K /yr10 December 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1511, Upper Crest

Today

What is 1511 worth today?

Last sold for AED 3,320,280 in 2014

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10 Dec 2023

10 Dec 2023RentedRenewal

AED 127,000/yr12 months · AED 104 per sqft

10 Dec 2022

10 Dec 2022RentedRenewal

AED 115,500/yr12 months · AED 95 per sqft

10 Dec 2021

10 Dec 2021RentedNew contract

AED 105,000/yr12 months · AED 86 per sqft

4 May 2014

4 May 2014Sold by developerOff-plan

AED 3,320,280AED 2,719 per sqft

Source: Dubai Land Department. Updated 10 December 2023.

Key facts

Type: 2-bed hotel apartment
Size: 1,221 sqft
Floor: 15th of 43
Parking: P2-32
Developer: DAMAC
Completed: 2015
Last sold: AED 3.32M · May 2014
Building: Upper Crest

About 1511, Upper Crest

1511 is a two-bedroom hotel apartment of 1,221 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 4 May 2014 for AED 3,320,280, or AED 2,719 per sqft, 5% above the AED 2,592 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 10 December 2023, is AED 127,000 a year: a gross yield of 3.8% on the 2014 price.

Sales and rents for 1511 over time

Sales

Unit 1511, each saleTypical two-bed in Upper Crest

1511 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1511, each contractTypical two-bed in Upper Crest

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 1511 sits

All 105 2-beds →

2-beds in Upper Crest · last 12 months1,761 /sqft Upper Crest · all types1,714 /sqft

1511 last sold in May 2014 at AED 2,719 per sqft, 5% above what two-beds in Upper Crest were fetching at the time (AED 2,592). 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. 1511's AED 127,000 is in the upper half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
17 Aug 202617 August 2026	1,061 sqft	1,720,000	1,620
8 Jun 20268 June 2026	1,143 sqft	2,000,000	1,749
17 Apr 202617 April 2026	1,219 sqft	2,100,000	1,722
31 Mar 202631 March 2026	1,142 sqft	2,025,000	1,773

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


1501	2-bed	1,142 sqft	AED 1.85MAED 1,852,800 · Mar 2012March 2012	120,000 /yr
1502	Studio	442 sqft	AED 746KAED 745,800 · Mar 2012March 2012	90,000 /yr
1503	1-bed	828 sqft	AED 1.39MAED 1,392,000 · Mar 2012March 2012	100,000 /yr
1504	1-bed	858 sqft	AED 1.43MAED 1,428,800 · Mar 2012March 2012	85,000 /yr
1505	1-bed	901 sqft	AED 1.3MAED 1,300,000 · Nov 2026November 2026	89,000 /yr
1506	1-bed	1,002 sqft	AED 800KAED 800,000 · Apr 2021April 2021	100,000 /yr
1507	3-bed	1,723 sqft	AED 2.65MAED 2,650,000 · Apr 2026April 2026	165,000 /yr
1508	Studio	495 sqft	AED 900KAED 900,000 · Jun 2016June 2016	60,500 /yr
1509	1-bed	907 sqft	AED 1.38MAED 1,379,000 · Nov 2022November 2022	110,000 /yr
1510	2-bed	1,063 sqft	AED 1MAED 1,000,000 · Nov 2020November 2020	90,000 /yr

1–7 of 10

1511, Upper Crest in numbers

Sold once: by DAMAC on 4 May 2014 for AED 3,320,280, or AED 2,719 per sqft.
Rented since December 2021 on 3 Ejari contracts, from AED 105,000 to AED 127,000 a year.
At AED 127,000 a year the gross yield on the 2014 price is 3.8%.
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 10 December 2023.

Questions about 1511, Upper Crest

What did unit 1511 last sell for?

AED 3,320,280 on 4 May 2014, sold by the developer: AED 2,719 per sqft for 1,221 sqft. It is the only registered sale of the unit.

What is the rent for unit 1511?

AED 127,000 a year on the contract renewed on 10 December 2023. The previous contract, from December 2022, was AED 115,500; the unit has been rented since December 2021.

How big is unit 1511?

1,221 sqft (113.4 sqm): a two-bedroom hotel apartment on the 15th floor of a 43-storey tower completed in 2015.

What is unit 1511 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 1511, Upper Crest

Starts from the last sale price (AED 3.32M, 4 May 2014). Switch to today's estimate once you have unlocked it.

Price: AED 3,320,280
Deposit, UAE resident (20%): AED 664,056
Deposit, non-resident (40%): AED 1,328,112
Monthly over 25 years at 3.7%: AED 13,584

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