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2-bed · 1,143 sqftUpper Crest, Downtown Dubai · 37th floor · completed 2015

3701, Upper Crest

Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3701 · DLD and Ejari recordsUpdated 5 December 2022
Last soldAED 2.68M4 March 2014
Current rentAED 120K /yr5 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3701, Upper Crest

What is 3701 worth today?

Last sold for AED 2,682,000 in 2014

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5 Dec 2022RentedNew contract
AED 120,000/yr12 months · AED 105 per sqft
26 Aug 2021RentedRenewal
AED 82,800/yr12 months · AED 72 per sqft
26 Aug 2020RentedNew contract
AED 69,000/yr12 months · AED 60 per sqft
15 Aug 2019RentedNew contract
AED 95,000/yr12 months · AED 83 per sqft
4 Mar 2014Sold by developerOff-plan
AED 2,682,000AED 2,345 per sqft

Source: Dubai Land Department. Updated 5 December 2022.

Key facts

Type
2-bed hotel apartment
Size
1,143 sqft
Floor
37th of 43
Parking
P4-88
Developer
DAMAC
Completed
2015
Last sold
AED 2.68M · March 2014
Building
Upper Crest

About 3701, Upper Crest

3701 is a two-bedroom hotel apartment of 1,143 sqft on the 37th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. The developer sold it on 4 March 2014 for AED 2,682,000, or AED 2,345 per sqft, 4% below the AED 2,449 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 5 December 2022, is AED 120,000 a year: a gross yield of 4.5% on the 2014 price.

Sales and rents for 3701 over time

Sales
Unit 3701, 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, March 2014: AED 2,682,000 (AED 2,345 per sqft)

3701 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3701, each contractTypical two-bed in Upper Crest
100K2017202020232026Typical 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, August 2019: AED 95,000 a yearNew contract, August 2020: AED 69,000 a yearRenewal, August 2021: AED 82,800 a yearNew contract, December 2022: AED 120,000 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 3701 sits

All 105 2-beds →

3701 last sold in March 2014 at AED 2,345 per sqft, 4% below what two-beds in Upper Crest were fetching at the time (AED 2,449). 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. 3701's AED 120,000 is in the upper 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 96K /yr
Typical yield
6.4%
Upper Crest, Downtown Dubai: prices, sales and rents →

Other units on the 37th floor

All 390 units in Upper Crest
Value
3702StudioAED 1.04M · Mar 2014
37031-bedAED 1.97M · Mar 2014
37041-bedAED 2.04M · Mar 2014
37051-bedAED 2.13M · Mar 2014
37061-bedAED 2.35M · Mar 2014
37073-bedAED 4.04M · Nov 2023
3708StudioAED 1.17M · Mar 2014
1–7 of 10

3701, Upper Crest in numbers

  • Sold once: by DAMAC on 4 March 2014 for AED 2,682,000, or AED 2,345 per sqft.
  • Rented since August 2019 on 4 Ejari contracts. The rent fell from AED 95,000 to AED 69,000 in 2020 and recovered to AED 120,000 by December 2022.
  • At AED 120,000 a year the gross yield on the 2014 price is 4.5%.
  • 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 5 December 2022.

Questions about 3701, Upper Crest

What did unit 3701 last sell for?

AED 2,682,000 on 4 March 2014, sold by the developer: AED 2,345 per sqft for 1,143 sqft. It is the only registered sale of the unit.

What is the rent for unit 3701?

AED 120,000 a year on the contract signed on 5 December 2022. The previous contract, from August 2021, was AED 82,800; the unit has been rented since August 2019.

How big is unit 3701?

1,143 sqft (106.2 sqm): a two-bedroom hotel apartment on the 37th floor of a 43-storey tower completed in 2015.

What is unit 3701 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 3701, Upper Crest

Starts from the last sale price (AED 2.68M, 4 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,682,000
Deposit, UAE resident (20%)
AED 536,400
Deposit, non-resident (40%)
AED 1,072,800
Monthly over 25 years at 3.7%
AED 10,973

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