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1-bed · 971 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 10th floor · completed 2008

1009, Concorde Tower

Sold prices and rental history: sold 3 times, last in January 2021, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1009 · DLD and Ejari recordsUpdated 25 January 2021
Last soldAED 350K7 January 2021
Current rentAED 55K /yr25 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1009, Concorde Tower

What is 1009 worth today?

Last sold for AED 350,000 in 2021

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25 Jan 2021RentedNew contract
AED 55,000/yr12 months · AED 57 per sqft
7 Jan 2021SoldReady
AED 350,000AED 360 per sqft
10 Jul 2019RentedNew contract
AED 68,000/yr12 months · AED 70 per sqft
1 Aug 2013RentedNew contract
AED 40,000/yr12 months · AED 41 per sqft
26 Feb 2013SoldReady
AED 775,000AED 797 per sqft
8 Dec 2010Sold by developerReady
AED 558,376AED 574 per sqft

Source: Dubai Land Department. Updated 25 January 2021.

Key facts

Type
1-bed apartment
Size
971 sqft
Floor
10th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 19,300 /yr
Last sold
AED 350K · January 2021
Building
Concorde Tower

About 1009, Concorde Tower

1009 is a one-bedroom apartment of 971 sqft on the 10th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. It last sold on 7 January 2021 for AED 350,000, or AED 360 per sqft, 44% below the AED 640 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 25 January 2021, is AED 55,000 a year: a gross yield of 15.7% on the 2021 price, before the service charge of about AED 19,300 a year.

Sales and rents for 1009 over time

Sales
Unit 1009, each saleTypical one-bed in Concorde Tower
500K1M2010201520202025Typical sale price by year: 2010 AED 770,114; 2011 AED 585,000; 2012 AED 575,000; 2013 AED 787,600; 2014 AED 1,073,000; 2015 AED 1,005,354; 2016 AED 1,035,000; 2017 AED 910,000; 2018 AED 825,000; 2019 AED 675,000; 2020 AED 535,000; 2021 AED 600,000; 2022 AED 750,000; 2023 AED 850,000; 2024 AED 1,000,000; 2025 AED 1,077,500; 2026 AED 1,165,000Sold by developer, December 2010: AED 558,376 (AED 574 per sqft)Sold, February 2013: AED 775,000 (AED 797 per sqft)Sold, January 2021: AED 350,000 (AED 360 per sqft)

1009 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1009, each contractTypical one-bed in Concorde Tower
40K60K80K20112015201920232027Typical rent by year: 2011 AED 48,000; 2012 AED 53,000; 2013 AED 65,000; 2014 AED 75,000; 2015 AED 82,000; 2016 AED 82,000; 2017 AED 78,000; 2018 AED 70,000; 2019 AED 60,170; 2020 AED 50,000; 2021 AED 47,000; 2022 AED 57,000; 2023 AED 65,000; 2024 AED 73,500; 2025 AED 80,000; 2026 AED 78,000New contract, August 2013: AED 40,000 a yearNew contract, July 2019: AED 68,000 a yearNew contract, January 2021: AED 55,000 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 Concorde Tower, and where 1009 sits

All 404 1-beds →

1009 last sold in January 2021 at AED 360 per sqft, 44% below what one-beds in Concorde Tower were fetching at the time (AED 640). Over the last 12 months one-beds sold for AED 800,000 to 1,500,000, around AED 1,236 per sqft, and rent for AED 30,000 to 198,450 a year. 1009's AED 55,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
15 Oct 20261,274,510
2 Sep 20261,200,000
26 Aug 2026835,000
2 Jul 20261,300,000
25 1-bed sales in the last 12 months

Concorde Tower

Building

470 apartments, studios to 3-bed over 43 floors in Jumeirah Lake Towers (JLT), completed in 2008 by 32 Group Properties. 29 sold in the last 12 months.

Typical price per sqft
AED 1,257 Up 5.5%
Typical sale
AED 1.11M
Typical rent
AED 75K /yr
Typical yield
7.4%
Concorde Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 10th floor

All 470 units in Concorde Tower
Value
1001StudioAED 360K · May 2012
10021-bedAED 800K · Jul 2024
10031-bedAED 535K · Jan 2020
1004StudioAED 425K · Oct 2012
10051-bedAED 643K · Dec 2010
10061-bedAED 910K · Jan 2017
10071-bedAED 1M · Oct 2022
1–7 of 13

1009, Concorde Tower in numbers

  • Sold 3 times: first on 8 December 2010 for AED 558,376, last on 7 January 2021 for AED 350,000 (AED 360 per sqft).
  • Rented since August 2013 on 3 Ejari contracts, from AED 40,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2021 price is 15.7%, before a service charge of about AED 19,300 a year (AED 19.92 per sqft).
  • One-beds in Concorde Tower sold for AED 800,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,257 per sqft.

Source: Dubai Land Department. Updated 25 January 2021.

Questions about 1009, Concorde Tower

What did unit 1009 last sell for?

AED 350,000 on 7 January 2021: AED 360 per sqft for 971 sqft. The unit has 3 registered sales; the first was AED 558,376 in December 2010.

What is the rent for unit 1009?

AED 55,000 a year on the contract signed on 25 January 2021. The previous contract, from July 2019, was AED 68,000; the unit has been rented since August 2013.

How big is unit 1009?

971 sqft (90.2 sqm): a one-bedroom apartment on the 10th floor of a 43-storey tower completed in 2008.

What is unit 1009 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Concorde Tower sold for AED 800,000 to 1,500,000 in the last 12 months, around AED 1,236 per sqft.

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Mortgage on 1009, Concorde Tower

Starts from the last sale price (AED 350K, 7 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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