1-bed · 829 sqftUpper Crest, Downtown Dubai · 40th floor · completed 2015

4003, Upper Crest

Sold prices and rental history: sold once, by the developer in April 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4003 · DLD and Ejari recordsUpdated 11 July 2024
Last soldAED 2.32M15 April 2013
Current rentAED 95K /yr11 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4003, Upper Crest

What is 4003 worth today?

Last sold for AED 2,319,665 in 2013

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11 Jul 2024RentedNew contract
AED 95,000/yr12 months · AED 115 per sqft
31 May 2023RentedNew contract
AED 90,000/yr12 months · AED 109 per sqft
31 Mar 2022RentedNew contract
AED 85,000/yr12 months · AED 103 per sqft
11 Feb 2021RentedNew contract
AED 65,000/yr12 months · AED 78 per sqft
3 Feb 2020RentedRenewal
AED 80,000/yr12 months · AED 97 per sqft
3 Feb 2019RentedRenewal
AED 80,000/yr12 months · AED 97 per sqft
3 Feb 2018RentedNew contract
AED 90,000/yr12 months · AED 109 per sqft
15 Apr 2013Sold by developerOff-plan
AED 2,319,665AED 2,799 per sqft

Source: Dubai Land Department. Updated 11 July 2024.

Key facts

Type
1-bed hotel apartment
Size
829 sqft
Floor
40th of 43
Parking
P5-28
Developer
DAMAC
Completed
2015
Last sold
AED 2.32M · April 2013
Building
Upper Crest

About 4003, Upper Crest

4003 is a one-bedroom hotel apartment of 829 sqft on the 40th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. The developer sold it on 15 April 2013 for AED 2,319,665, or AED 2,799 per sqft, 21% above the AED 2,311 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 11 July 2024, is AED 95,000 a year: a gross yield of 4.1% on the 2013 price.

Sales and rents for 4003 over time

Sales
Unit 4003, 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, April 2013: AED 2,319,665 (AED 2,799 per sqft)

4003 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4003, 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 yearRenewal, February 2019: AED 80,000 a yearRenewal, February 2020: AED 80,000 a yearNew contract, February 2021: AED 65,000 a yearNew contract, March 2022: AED 85,000 a yearNew contract, May 2023: AED 90,000 a yearNew contract, July 2024: AED 95,000 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 4003 sits

All 177 1-beds →

4003 last sold in April 2013 at AED 2,799 per sqft, 21% above what one-beds in Upper Crest were fetching at the time (AED 2,311). 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. 4003's AED 95,000 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 40th floor

All 390 units in Upper Crest
Value
40012-bedAED 3.6M · Nov 2013
4002StudioAED 1.49M · Jul 2014
40041-bedAED 1.35M · Nov 2017
40051-bedAED 1.27M · Oct 2017
40061-bedAED 3.09M · Mar 2014
40073-bedAED 4.61M · May 2013
4008StudioAED 1.36M · Apr 2013
1–7 of 10

4003, Upper Crest in numbers

  • Sold once: by DAMAC on 15 April 2013 for AED 2,319,665, or AED 2,799 per sqft.
  • Rented since February 2018 on 7 Ejari contracts. The rent fell from AED 90,000 to AED 65,000 in 2021 and recovered to AED 95,000 by July 2024.
  • At AED 95,000 a year the gross yield on the 2013 price is 4.1%.
  • 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 11 July 2024.

Questions about 4003, Upper Crest

What did unit 4003 last sell for?

AED 2,319,665 on 15 April 2013, sold by the developer: AED 2,799 per sqft for 829 sqft. It is the only registered sale of the unit.

What is the rent for unit 4003?

AED 95,000 a year on the contract signed on 11 July 2024. The previous contract, from May 2023, was AED 90,000; the unit has been rented since February 2018.

How big is unit 4003?

829 sqft (77.0 sqm): a one-bedroom hotel apartment on the 40th floor of a 43-storey tower completed in 2015.

What is unit 4003 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 4003, Upper Crest

Starts from the last sale price (AED 2.32M, 15 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,319,665
Deposit, UAE resident (20%)
AED 463,933
Deposit, non-resident (40%)
AED 927,866
Monthly over 25 years at 3.7%
AED 9,490

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