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2-bed · 1,143 sqftUpper Crest, Downtown Dubai · 27th floor · completed 2015

2701, Upper Crest

Sold prices and rental history: sold 5 times, last in June 2023, and rented once, from November 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2701 · DLD and Ejari recordsUpdated 15 June 2023
Last soldAED 1.85M15 June 2023
Current rentAED 100K /yr1 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2701, Upper Crest

What is 2701 worth today?

Last sold for AED 1,850,000 in 2023

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15 Jun 2023SoldReady
AED 1,850,000AED 1,617 per sqft
12 Jul 2022SoldReady
AED 1,500,000AED 1,311 per sqft
12 Sep 2018SoldReady
AED 1,450,000AED 1,268 per sqft
1 Nov 2017RentedNew contract
AED 100,000/yr12 months · AED 88 per sqft
14 Jul 2016SoldOff-plan
AED 2,316,000AED 2,025 per sqft
26 Aug 2012Sold by developerOff-plan
AED 2,316,000AED 2,025 per sqft

Source: Dubai Land Department. Updated 15 June 2023.

Key facts

Type
2-bed hotel apartment
Size
1,143 sqft
Floor
27th of 43
Parking
P3-72
Developer
DAMAC
Completed
2015
Last sold
AED 1.85M · June 2023
Building
Upper Crest

About 2701, Upper Crest

2701 is a two-bedroom hotel apartment of 1,143 sqft on the 27th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. It last sold on 15 June 2023 for AED 1,850,000, or AED 1,617 per sqft, in line with the AED 1,639 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2017. The current contract, signed on 1 November 2017, is AED 100,000 a year: a gross yield of 5.4% on the 2023 price.

Sales and rents for 2701 over time

Sales
Unit 2701, 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, August 2012: AED 2,316,000 (AED 2,025 per sqft)Sold, July 2016: AED 2,316,000 (AED 2,025 per sqft)Sold, September 2018: AED 1,450,000 (AED 1,268 per sqft)Sold, July 2022: AED 1,500,000 (AED 1,311 per sqft)Sold, June 2023: AED 1,850,000 (AED 1,617 per sqft)

2701 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2701, each contractTypical two-bed in Upper Crest
75K100K125K2017202020232026Typical 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, November 2017: AED 100,000 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 2701 sits

All 105 2-beds →

2701 last sold in June 2023 at AED 1,617 per sqft, in line with what two-beds in Upper Crest were fetching at the time (AED 1,639). 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. 2701's AED 100,000 is in the lower 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 95K /yr
Typical yield
6.4%
Upper Crest, Downtown Dubai: prices, sales and rents →

Other units on the 27th floor

All 390 units in Upper Crest
Value
2702StudioAED 1.04M · Aug 2012
27031-bedAED 900K · Oct 2021
27041-bedAED 1.2M · Mar 2018
27051-bedAED 1.2M · Nov 2017
27061-bedAED 2.29M · Aug 2016
27073-bedAED 2.2M · Jun 2023
2708StudioAED 1.4M · Jun 2017
1–7 of 10

2701, Upper Crest in numbers

  • Sold 5 times: first on 26 August 2012 for AED 2,316,000, last on 15 June 2023 for AED 1,850,000 (AED 1,617 per sqft).
  • Rented since November 2017 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2023 price is 5.4%.
  • 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 15 June 2023.

Questions about 2701, Upper Crest

What did unit 2701 last sell for?

AED 1,850,000 on 15 June 2023: AED 1,617 per sqft for 1,143 sqft. The unit has 5 registered sales; the first was AED 2,316,000 in August 2012.

What is the rent for unit 2701?

AED 100,000 a year on the contract signed on 1 November 2017.

How big is unit 2701?

1,143 sqft (106.2 sqm): a two-bedroom hotel apartment on the 27th floor of a 43-storey tower completed in 2015.

What is unit 2701 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 2701, Upper Crest

Starts from the last sale price (AED 1.85M, 15 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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