116, The Place
Sold prices and rental history: sold once, by the developer in October 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, The Place
What is 116 worth today?
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Source: Dubai Land Department. Updated 25 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 549 sqft
- Floor
- 1st of 19
- Parking
- 1
- Developer
- Prestige The Place Real Estate Development
- Completed
- 2028
- Last sold
- AED 695K · October 2024
- Building
- The Place
About 116, The Place
116 is a studio of 549 sqft on the 1st floor of The Place, a 19-storey tower in Dubai Sports City completed in 2028 by Prestige The Place Real Estate Development . The developer sold it on 10 October 2024 for AED 695,300, or AED 1,265 per sqft, 23% above the AED 1,030 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 25 September 2025, is AED 80,000 a year: a gross yield of 11.5% on the 2024 price.
Sales and rents for 116 over time
116 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in The Place, and where 116 sits
All 59 studios →116 last sold in October 2024 at AED 1,265 per sqft, 23% above what studios in The Place were fetching at the time (AED 1,030). Over the last 12 months studios sold for AED 490,000 to 530,000, around AED 1,138 per sqft, and rent for AED 39,000 to 82,026 a year. 116's AED 80,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jul 202613 July 2026 | 435 sqft | 495,000 | 1,138 | ||
| 27 Jan 202627 January 2026 | 435 sqft | 530,000 | 1,219 | ||
| 26 Dec 202526 December 2025 | 501 sqft | 490,000 | 977 | ||
| 13 Aug 202513 August 2025 | 609 sqft | 825,000 | 1,354 |
The Place
Building159 apartments, studios to 3-bed over 19 floors in Dubai Sports City, completed in 2028 by Prestige The Place Real Estate Development . 34 sold in the last 12 months.
- Typical price per sqft
- AED 1,258 Up 8.8%
- Typical sale
- AED 1.75M
- Typical rent
- AED 56K /yr
- Typical yield
- 6.2%
Other units on the 1st floor
All 159 units in The Place| ValueToday's value | |||||
|---|---|---|---|---|---|
| 103 | Studio | 655 sqft | AED 813KAED 813,000 · Dec 2024December 2024 | 42,600 /yr | |
| 104 | Studio | 508 sqft | AED 480KAED 480,000 · Oct 2024October 2024 | 44,000 /yr | |
| 106 | Studio | 708 sqft | AED 879KAED 879,000 · Feb 2025February 2025 | 82,026 /yr | |
| 108 | Studio | 715 sqft | AED 480KAED 480,000 · Nov 2024November 2024 | 6,642 /yr | |
| 109 | Studio | 552 sqft | AED 541KAED 540,840 · Oct 2024October 2024 | 56,160 /yr | |
| 111 | Studio | 718 sqft | AED 480KAED 480,000 · Sep 2024September 2024 | 55,000 /yr | |
| 114 | Studio | 557 sqft | AED 657KAED 657,400 · Sep 2024September 2024 | 51,360 /yr | |
| 117 | Studio | 695 sqft | AED 695KAED 695,300 · Dec 2024December 2024 | 47,250 /yr |
116, The Place in numbers
- Sold once: by Prestige The Place Real Estate Development on 10 October 2024 for AED 695,300, or AED 1,265 per sqft.
- Rented since October 2023 on 3 Ejari contracts, from AED 70,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2024 price is 11.5%.
- Studios in The Place sold for AED 490,000–530,000 in the 12 months to November 2026; the building's median across all types is AED 1,258 per sqft.
Source: Dubai Land Department. Updated 25 September 2025.
Questions about 116, The Place
What did unit 116 last sell for?
AED 695,300 on 10 October 2024, sold by the developer: AED 1,265 per sqft for 549 sqft. It is the only registered sale of the unit.
What is the rent for unit 116?
AED 80,000 a year on the contract signed on 25 September 2025. The previous contract, from October 2024, was AED 73,500; the unit has been rented since October 2023.
How big is unit 116?
549 sqft (51.0 sqm): a studio on the 1st floor of a 19-storey tower completed in 2028.
What is unit 116 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in The Place sold for AED 490,000 to 530,000 in the last 12 months, around AED 1,138 per sqft.
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Mortgage on 116, The Place
Starts from the last sale price (AED 695K, 10 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 695,300
- Deposit, UAE resident (20%)
- AED 139,060
- Deposit, non-resident (40%)
- AED 278,120
- Monthly over 25 years at 3.7%
- AED 2,845
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →