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1-bed · 977 sqftUpper Crest, Downtown Dubai · 25th floor · completed 2015

2506, 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 2506 · DLD and Ejari recordsUpdated 22 August 2021
Last soldAED 2.76M14 August 2016
Current rentAED 65K /yr22 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2506, Upper Crest

What is 2506 worth today?

Last sold for AED 2,756,000 in 2016

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22 Aug 2021RentedRenewal
AED 65,000/yr12 months · AED 65 per sqft
22 Aug 2020RentedNew contract
AED 65,000/yr12 months · AED 65 per sqft
20 May 2019RentedNew contract
AED 80,000/yr12 months · AED 80 per sqft
1 Oct 2017RentedNew contract
AED 82,000/yr12 months · AED 82 per sqft
14 Aug 2016Sold by developerOff-plan
AED 2,756,000AED 2,821 per sqft

Source: Dubai Land Department. Updated 22 August 2021.

Key facts

Type
1-bed hotel apartment
Size
977 sqft
Floor
25th of 43
Parking
P3-50
Developer
DAMAC
Completed
2015
Last sold
AED 2.76M · August 2016
Building
Upper Crest

About 2506, Upper Crest

2506 is a one-bedroom hotel apartment of 977 sqft on the 25th 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 2,756,000, or AED 2,821 per sqft, in line with the AED 2,821 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 22 August 2021, is AED 65,000 a year: a gross yield of 2.4% on the 2016 price.

Sales and rents for 2506 over time

Sales
Unit 2506, each saleTypical one-bed in Upper Crest
1M2M3M2012201620202024Typical 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, August 2016: AED 2,756,000 (AED 2,821 per sqft)

2506 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2506, 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, October 2017: AED 82,000 a yearNew contract, May 2019: AED 80,000 a yearNew contract, August 2020: AED 65,000 a yearRenewal, August 2021: AED 65,000 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 2506 sits

All 177 1-beds →

2506 last sold in August 2016 at AED 2,821 per sqft, in line with what one-beds in Upper Crest were fetching at the time (AED 2,821). 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. 2506's AED 65,000 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 95K /yr
Typical yield
6.4%
Upper Crest, Downtown Dubai: prices, sales and rents →

Other units on the 25th floor

All 390 units in Upper Crest
Value
25012-bedAED 2.55M · Oct 2012
2502StudioAED 1.08M · Oct 2012
25031-bedAED 2.19M · Dec 2013
25041-bedAED 2.4M · Feb 2013
25051-bedAED 2.5M · Feb 2013
25073-bedAED 4.21M · Nov 2013
2508StudioAED 1.2M · Sep 2015
1–7 of 10

2506, Upper Crest in numbers

  • Sold once: by DAMAC on 14 August 2016 for AED 2,756,000, or AED 2,821 per sqft.
  • Rented since October 2017 on 4 Ejari contracts, from AED 82,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2016 price is 2.4%.
  • 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 22 August 2021.

Questions about 2506, Upper Crest

What did unit 2506 last sell for?

AED 2,756,000 on 14 August 2016, sold by the developer: AED 2,821 per sqft for 977 sqft. It is the only registered sale of the unit.

What is the rent for unit 2506?

AED 65,000 a year on the contract renewed on 22 August 2021. The previous contract, from August 2020, was AED 65,000; the unit has been rented since October 2017.

How big is unit 2506?

977 sqft (90.8 sqm): a one-bedroom hotel apartment on the 25th floor of a 43-storey tower completed in 2015.

What is unit 2506 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 2506, Upper Crest

Starts from the last sale price (AED 2.76M, 14 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,756,000
Deposit, UAE resident (20%)
AED 551,200
Deposit, non-resident (40%)
AED 1,102,400
Monthly over 25 years at 3.7%
AED 11,276

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