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2-bed · 1,640 sqftVida Residence Downtown, Downtown Dubai · 6th floor · completed 2018

608, Vida Residence Downtown

Sold prices and rental history: sold once, by the developer in October 2014, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 608 · DLD and Ejari recordsUpdated 8 November 2024
Last soldAED 3.89M13 October 2014
Current rentAED 320K /yr8 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 608, Vida Residence Downtown

What is 608 worth today?

Last sold for AED 3,891,888 in 2014

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8 Nov 2024RentedNew contract
AED 320,000/yr6 months · AED 195 per sqft
1 Sep 2022RentedNew contract
AED 275,000/yr12 months · AED 168 per sqft
1 Jul 2021RentedNew contract
AED 200,000/yr12 months · AED 122 per sqft
13 Oct 2014Sold by developerOff-plan
AED 3,891,888AED 2,373 per sqft

Source: Dubai Land Department. Updated 8 November 2024.

Key facts

Type
2-bed hotel apartment
Size
1,640 sqft
Floor
6th of 58
Parking
B2-84
Developer
Emaar
Completed
2018
Last sold
AED 3.89M · October 2014
Building
Vida Residence Downtown

About 608, Vida Residence Downtown

608 is a two-bedroom hotel apartment of 1,640 sqft on the 6th floor of Vida Residence Downtown, a 58-storey tower in Downtown Dubai completed in 2018 by Emaar. The developer sold it on 13 October 2014 for AED 3,891,888, or AED 2,373 per sqft, 4% below the AED 2,475 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 8 November 2024, is AED 320,000 a year: a gross yield of 8.2% on the 2014 price.

Sales and rents for 608 over time

Sales
Unit 608, 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, October 2014: AED 3,891,888 (AED 2,373 per sqft)

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

Rents
Unit 608, 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, July 2021: AED 200,000 a yearNew contract, September 2022: AED 275,000 a yearNew contract, November 2024: AED 320,000 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 608 sits

All 144 2-beds →

608 last sold in October 2014 at AED 2,373 per sqft, 4% below what two-beds in Vida Residence Downtown were fetching at the time (AED 2,475). 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. 608's AED 320,000 is in the upper 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 6th floor

All 343 units in Vida Residence Downtown
Value
6012-bedAED 2.25M · Apr 2017
6023-bedAED 6M · Sep 2023
6032-bedAED 3.35M · Oct 2024
6042-bedAED 4.5M · Mar 2024
6051-bedAED 1.61M · Mar 2014
6061-bedAED 1.57M · Jul 2022
6071-bedAED 1.61M · Dec 2016

608, Vida Residence Downtown in numbers

  • Sold once: by Emaar on 13 October 2014 for AED 3,891,888, or AED 2,373 per sqft.
  • Rented since July 2021 on 3 Ejari contracts, from AED 200,000 to AED 320,000 a year.
  • At AED 320,000 a year the gross yield on the 2014 price is 8.2%.
  • 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 8 November 2024.

Questions about 608, Vida Residence Downtown

What did unit 608 last sell for?

AED 3,891,888 on 13 October 2014, sold by the developer: AED 2,373 per sqft for 1,640 sqft. It is the only registered sale of the unit.

What is the rent for unit 608?

AED 320,000 a year on the contract signed on 8 November 2024. The previous contract, from September 2022, was AED 275,000; the unit has been rented since July 2021.

How big is unit 608?

1,640 sqft (152.4 sqm): a two-bedroom hotel apartment on the 6th floor of a 58-storey tower completed in 2018.

What is unit 608 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 608, Vida Residence Downtown

Starts from the last sale price (AED 3.89M, 13 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,891,888
Deposit, UAE resident (20%)
AED 778,378
Deposit, non-resident (40%)
AED 1,556,755
Monthly over 25 years at 3.7%
AED 15,923

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