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1-bed · 829 sqftUpper Crest, Downtown Dubai · 27th floor · completed 2015

2703, Upper Crest

Sold prices and rental history: sold twice, last in October 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2703 · DLD and Ejari recordsUpdated 19 October 2021
Last soldAED 900K19 October 2021
Current rentAED 60K /yr25 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2703, Upper Crest

What is 2703 worth today?

Last sold for AED 900,000 in 2021

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19 Oct 2021SoldReady
AED 900,000AED 1,086 per sqft
25 Oct 2020RentedNew contract
AED 60,000/yr12 months · AED 72 per sqft
20 Jun 2019RentedNew contract
AED 74,000/yr12 months · AED 89 per sqft
1 Feb 2018RentedNew contract
AED 90,000/yr12 months · AED 109 per sqft
17 Aug 2016Sold by developerOff-plan
AED 2,000,000AED 2,413 per sqft

Source: Dubai Land Department. Updated 19 October 2021.

Key facts

Type
1-bed hotel apartment
Size
829 sqft
Floor
27th of 43
Parking
P3-73
Developer
DAMAC
Completed
2015
Last sold
AED 900K · October 2021
Building
Upper Crest

About 2703, Upper Crest

2703 is a one-bedroom hotel apartment of 829 sqft on the 27th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. It last sold on 19 October 2021 for AED 900,000, or AED 1,086 per sqft, 28% above the AED 847 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 25 October 2020, is AED 60,000 a year: a gross yield of 6.7% on the 2021 price.

Sales and rents for 2703 over time

Sales
Unit 2703, each saleTypical one-bed in Upper Crest
1M2M2012201620202024Typical 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 2,000,000 (AED 2,413 per sqft)Sold, October 2021: AED 900,000 (AED 1,086 per sqft)

2703 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2703, 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, February 2018: AED 90,000 a yearNew contract, June 2019: AED 74,000 a yearNew contract, October 2020: AED 60,000 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 2703 sits

All 177 1-beds →

2703 last sold in October 2021 at AED 1,086 per sqft, 28% above what one-beds in Upper Crest were fetching at the time (AED 847). 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. 2703's AED 60,000 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 96K /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
27012-bedAED 1.85M · Jun 2023
2702StudioAED 1.04M · Aug 2012
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

2703, Upper Crest in numbers

  • Sold twice: first on 17 August 2016 for AED 2,000,000, last on 19 October 2021 for AED 900,000 (AED 1,086 per sqft).
  • Rented since February 2018 on 3 Ejari contracts, from AED 90,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2021 price is 6.7%.
  • 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 19 October 2021.

Questions about 2703, Upper Crest

What did unit 2703 last sell for?

AED 900,000 on 19 October 2021: AED 1,086 per sqft for 829 sqft. The unit has 2 registered sales; the first was AED 2,000,000 in August 2016.

What is the rent for unit 2703?

AED 60,000 a year on the contract signed on 25 October 2020. The previous contract, from June 2019, was AED 74,000; the unit has been rented since February 2018.

How big is unit 2703?

829 sqft (77.0 sqm): a one-bedroom hotel apartment on the 27th floor of a 43-storey tower completed in 2015.

What is unit 2703 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 2703, Upper Crest

Starts from the last sale price (AED 900K, 19 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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