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1-bed · 980 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 10th floor · completed 2008

1010, Concorde Tower

Sold prices and rental history: sold twice, last in February 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1010 · DLD and Ejari recordsUpdated 24 February 2022
Last soldAED 720K24 February 2022
Current rentAED 56K /yr10 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1010, Concorde Tower

What is 1010 worth today?

Last sold for AED 720,000 in 2022

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24 Feb 2022SoldReady
AED 720,000AED 734 per sqft
10 Dec 2019RentedNew contract
AED 56,000/yr12 months · AED 57 per sqft
10 Nov 2017RentedNew contract
AED 75,000/yr12 months · AED 77 per sqft
9 Dec 2010Sold by developerReady
AED 976,150AED 996 per sqft

Source: Dubai Land Department. Updated 24 February 2022.

Key facts

Type
1-bed apartment
Size
980 sqft
Floor
10th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 19,500 /yr
Last sold
AED 720K · February 2022
Building
Concorde Tower

About 1010, Concorde Tower

1010 is a one-bedroom apartment of 980 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 24 February 2022 for AED 720,000, or AED 734 per sqft, in line with the AED 733 one-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 10 December 2019, is AED 56,000 a year: a gross yield of 7.8% on the 2022 price, before the service charge of about AED 19,500 a year.

Sales and rents for 1010 over time

Sales
Unit 1010, 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 976,150 (AED 996 per sqft)Sold, February 2022: AED 720,000 (AED 734 per sqft)

1010 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1010, each contractTypical one-bed in Concorde Tower
60K80K20112015201920232027Typical 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, November 2017: AED 75,000 a yearNew contract, December 2019: AED 56,000 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 1010 sits

All 404 1-beds →

1010 last sold in February 2022 at AED 734 per sqft, in line with what one-beds in Concorde Tower were fetching at the time (AED 733). 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. 1010's AED 56,000 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

1010, Concorde Tower in numbers

  • Sold twice: first on 9 December 2010 for AED 976,150, last on 24 February 2022 for AED 720,000 (AED 734 per sqft).
  • Rented since November 2017 on 2 Ejari contracts, from AED 75,000 to AED 56,000 a year.
  • At AED 56,000 a year the gross yield on the 2022 price is 7.8%, before a service charge of about AED 19,500 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 24 February 2022.

Questions about 1010, Concorde Tower

What did unit 1010 last sell for?

AED 720,000 on 24 February 2022: AED 734 per sqft for 980 sqft. The unit has 2 registered sales; the first was AED 976,150 in December 2010.

What is the rent for unit 1010?

AED 56,000 a year on the contract signed on 10 December 2019. The previous contract, from November 2017, was AED 75,000.

How big is unit 1010?

980 sqft (91.0 sqm): a one-bedroom apartment on the 10th floor of a 43-storey tower completed in 2008.

What is unit 1010 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 1010, Concorde Tower

Starts from the last sale price (AED 720K, 24 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 720,000
Deposit, UAE resident (20%)
AED 144,000
Deposit, non-resident (40%)
AED 288,000
Monthly over 25 years at 3.7%
AED 2,946

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