Studio · 442 sqftUpper Crest, Downtown Dubai · 17th floor · completed 2015

1702, Upper Crest

Sold prices and rental history: sold once, by the developer in August 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 27 September 2022
Last soldAED 1.23M14 August 2016
Current rentAED 63K /yr27 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Upper Crest

What is 1702 worth today?

Last sold for AED 1,226,950 in 2016

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27 Sep 2022RentedNew contract
AED 63,000/yr12 months · AED 143 per sqft
11 Apr 2021RentedNew contract
AED 38,000/yr12 months · AED 86 per sqft
20 Feb 2020RentedNew contract
AED 52,000/yr12 months · AED 118 per sqft
5 Feb 2019RentedNew contract
AED 62,000/yr12 months · AED 140 per sqft
23 Nov 2017RentedNew contract
AED 65,000/yr12 months · AED 147 per sqft
14 Aug 2016Sold by developerOff-plan
AED 1,226,950AED 2,776 per sqft

Source: Dubai Land Department. Updated 27 September 2022.

Key facts

Type
Studio hotel apartment
Size
442 sqft
Floor
17th of 43
Parking
P2-55
Developer
DAMAC
Completed
2015
Last sold
AED 1.23M · August 2016
Building
Upper Crest

About 1702, Upper Crest

1702 is a studio of 442 sqft on the 17th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. The developer sold it on 14 August 2016 for AED 1,226,950, or AED 2,776 per sqft, 6% above the AED 2,614 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 27 September 2022, is AED 63,000 a year: a gross yield of 5.1% on the 2016 price.

Sales and rents for 1702 over time

Sales
Unit 1702, 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, August 2016: AED 1,226,950 (AED 2,776 per sqft)

1702 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1702, 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, November 2017: AED 65,000 a yearNew contract, February 2019: AED 62,000 a yearNew contract, February 2020: AED 52,000 a yearNew contract, April 2021: AED 38,000 a yearNew contract, September 2022: AED 63,000 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 1702 sits

All 70 studios →

1702 last sold in August 2016 at AED 2,776 per sqft, 6% above what studios in Upper Crest were fetching at the time (AED 2,614). 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. 1702's AED 63,000 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 17th floor

All 390 units in Upper Crest
Value
17012-bedAED 3.04M · Dec 2013
17031-bedAED 1.14M · Mar 2022
17041-bedAED 1.5M · May 2012
17051-bedAED 1.53M · May 2012
17061-bedAED 1.39M · Aug 2022
17073-bedAED 3.15M · May 2012
1708StudioAED 720K · Jun 2023
1–7 of 10

1702, Upper Crest in numbers

  • Sold once: by DAMAC on 14 August 2016 for AED 1,226,950, or AED 2,776 per sqft.
  • Rented since November 2017 on 5 Ejari contracts. The rent fell from AED 65,000 to AED 38,000 in 2021 and recovered to AED 63,000 by September 2022.
  • At AED 63,000 a year the gross yield on the 2016 price is 5.1%.
  • 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 27 September 2022.

Questions about 1702, Upper Crest

What did unit 1702 last sell for?

AED 1,226,950 on 14 August 2016, sold by the developer: AED 2,776 per sqft for 442 sqft. It is the only registered sale of the unit.

What is the rent for unit 1702?

AED 63,000 a year on the contract signed on 27 September 2022. The previous contract, from April 2021, was AED 38,000; the unit has been rented since November 2017.

How big is unit 1702?

442 sqft (41.1 sqm): a studio on the 17th floor of a 43-storey tower completed in 2015.

What is unit 1702 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 1702, Upper Crest

Starts from the last sale price (AED 1.23M, 14 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,226,950
Deposit, UAE resident (20%)
AED 245,390
Deposit, non-resident (40%)
AED 490,780
Monthly over 25 years at 3.7%
AED 5,020

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