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2-bed · 1,372 sqftVida Residence Downtown, Downtown Dubai · 37th floor · completed 2018

3704, Vida Residence Downtown

Sold prices and rental history: sold once, by the developer in April 2021, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3704 · DLD and Ejari recordsUpdated 4 February 2024
Last soldAED 3.38M7 April 2021
Current rentAED 265K /yr4 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3704, Vida Residence Downtown

What is 3704 worth today?

Last sold for AED 3,382,055 in 2021

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4 Feb 2024RentedRenewal
AED 265,000/yr9 months · AED 194 per sqft
4 Feb 2023RentedNew contract
AED 265,000/yr12 months · AED 194 per sqft
7 Apr 2021Sold by developerReady
AED 3,382,055AED 2,465 per sqft
27 Feb 2021RentedNew contract
AED 180,000/yr12 months · AED 132 per sqft

Source: Dubai Land Department. Updated 4 February 2024.

Key facts

Type
2-bed hotel apartment
Size
1,372 sqft
Floor
37th of 58
Parking
B2-69
Developer
Emaar
Completed
2018
Last sold
AED 3.38M · April 2021
Building
Vida Residence Downtown

About 3704, Vida Residence Downtown

3704 is a two-bedroom hotel apartment of 1,372 sqft on the 37th floor of Vida Residence Downtown, a 58-storey tower in Downtown Dubai completed in 2018 by Emaar. The developer sold it on 7 April 2021 for AED 3,382,055, or AED 2,465 per sqft, 48% above the AED 1,668 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 4 February 2024, is AED 265,000 a year: a gross yield of 7.8% on the 2021 price.

Sales and rents for 3704 over time

Sales
Unit 3704, each saleTypical two-bed in Vida Residence Downtown
3M4M5M2014201820222026Typical sale price by year: 2014 AED 3,536,388; 2015 AED 3,846,888; 2016 AED 3,435,888; 2017 AED 3,100,000; 2018 AED 3,573,444; 2019 AED 3,837,888; 2020 AED 2,512,500; 2021 AED 3,382,055; 2022 AED 3,525,000; 2023 AED 3,935,000; 2024 AED 4,400,000; 2025 AED 4,630,000; 2026 AED 4,600,000Sold by developer, April 2021: AED 3,382,055 (AED 2,465 per sqft)

3704 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3704, each contractTypical two-bed in Vida Residence Downtown
200K300K20192021202320252027Typical rent by year: 2019 AED 170,000; 2020 AED 150,000; 2021 AED 180,000; 2022 AED 260,000; 2023 AED 278,000; 2024 AED 285,000; 2025 AED 271,500; 2026 AED 255,000New contract, February 2021: AED 180,000 a yearNew contract, February 2023: AED 265,000 a yearRenewal, February 2024: AED 265,000 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 Vida Residence Downtown, and where 3704 sits

All 144 2-beds →

3704 last sold in April 2021 at AED 2,465 per sqft, 48% above what two-beds in Vida Residence Downtown were fetching at the time (AED 1,668). Over the last 12 months two-beds sold for AED 3,950,000 to 7,500,000, around AED 3,239 per sqft, and rent for AED 90,000 to 550,000 a year. 3704's AED 265,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Sep 20264,550,000
21 Sep 20265,025,000
2 Sep 20263,950,000
14 Aug 20264,300,000
17 2-bed sales in the last 12 months

Vida Residence Downtown

Building

343 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2018 by Emaar. 34 sold in the last 12 months.

Typical price per sqft
AED 3,198 Up 2.1%
Typical sale
AED 4.6M
Typical rent
AED 200K /yr
Typical yield
5.4%
Vida Residence Downtown, Downtown Dubai: prices, sales and rents →

Other units on the 37th floor

All 343 units in Vida Residence Downtown
Value
37013-bedAED 4.05M · Feb 2021
37023-bedAED 5.61M · Mar 2014
37033-bedAED 5.19M · Oct 2014
37061-bedAED 2.1M · Apr 2023
37082-bedAED 4.69M · Jan 2026

3704, Vida Residence Downtown in numbers

  • Sold once: by Emaar on 7 April 2021 for AED 3,382,055, or AED 2,465 per sqft.
  • Rented since February 2021 on 3 Ejari contracts, from AED 180,000 to AED 265,000 a year.
  • At AED 265,000 a year the gross yield on the 2021 price is 7.8%.
  • Two-beds in Vida Residence Downtown sold for AED 3,950,000–7,500,000 in the 12 months to November 2026; the building's median across all types is AED 3,198 per sqft.

Source: Dubai Land Department. Updated 4 February 2024.

Questions about 3704, Vida Residence Downtown

What did unit 3704 last sell for?

AED 3,382,055 on 7 April 2021, sold by the developer: AED 2,465 per sqft for 1,372 sqft. It is the only registered sale of the unit.

What is the rent for unit 3704?

AED 265,000 a year on the contract renewed on 4 February 2024. The previous contract, from February 2023, was AED 265,000; the unit has been rented since February 2021.

How big is unit 3704?

1,372 sqft (127.5 sqm): a two-bedroom hotel apartment on the 37th floor of a 58-storey tower completed in 2018.

What is unit 3704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Vida Residence Downtown sold for AED 3,950,000 to 7,500,000 in the last 12 months, around AED 3,239 per sqft.

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Mortgage on 3704, Vida Residence Downtown

Starts from the last sale price (AED 3.38M, 7 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,382,055
Deposit, UAE resident (20%)
AED 676,411
Deposit, non-resident (40%)
AED 1,352,822
Monthly over 25 years at 3.7%
AED 13,837

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