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1-bed · 819 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 12th floor · completed 2008

1203, Concorde Tower

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

Unit 1203 · DLD and Ejari recordsUpdated 3 June 2023
Last soldAED 555K20 May 2021
Current rentAED 72K /yr3 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, Concorde Tower

What is 1203 worth today?

Last sold for AED 555,000 in 2021

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3 Jun 2023RentedRenewal
AED 71,500/yr12 months · AED 87 per sqft
3 Jun 2022RentedNew contract
AED 68,000/yr12 months · AED 83 per sqft
1 Jun 2021RentedNew contract
AED 48,000/yr12 months · AED 59 per sqft
20 May 2021SoldReady
AED 555,000AED 677 per sqft
17 Feb 2016SoldReady
AED 935,000AED 1,141 per sqft
13 May 2014Sold by developerReady
AED 493,297AED 602 per sqft

Source: Dubai Land Department. Updated 3 June 2023.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
12th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 16,300 /yr
Last sold
AED 555K · May 2021
Building
Concorde Tower

About 1203, Concorde Tower

1203 is a one-bedroom apartment of 819 sqft on the 12th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. It last sold on 20 May 2021 for AED 555,000, or AED 677 per sqft, 11% above the AED 608 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 3 June 2023, is AED 71,500 a year: a gross yield of 12.9% on the 2021 price, before the service charge of about AED 16,300 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, 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, May 2014: AED 493,297 (AED 602 per sqft)Sold, February 2016: AED 935,000 (AED 1,141 per sqft)Sold, May 2021: AED 555,000 (AED 677 per sqft)

1203 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1203, 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, June 2021: AED 48,000 a yearNew contract, June 2022: AED 68,000 a yearRenewal, June 2023: AED 71,500 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 1203 sits

All 404 1-beds →

1203 last sold in May 2021 at AED 677 per sqft, 11% above what one-beds in Concorde Tower were fetching at the time (AED 608). 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. 1203's AED 71,500 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 12th floor

All 470 units in Concorde Tower
Value
1201StudioAED 495K · Jan 2015
12021-bedAED 440K · Dec 2010
1204StudioAED 315K · Jan 2012
12051-bedAED 1.1M · Sep 2024
12061-bedAED 537K · Jul 2012
12071-bedAED 1.3M · Mar 2015
12081-bedAED 700K · Feb 2012
1–7 of 13

1203, Concorde Tower in numbers

  • Sold 3 times: first on 13 May 2014 for AED 493,297, last on 20 May 2021 for AED 555,000 (AED 677 per sqft).
  • Rented since June 2021 on 3 Ejari contracts, from AED 48,000 to AED 71,500 a year.
  • At AED 71,500 a year the gross yield on the 2021 price is 12.9%, before a service charge of about AED 16,300 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 3 June 2023.

Questions about 1203, Concorde Tower

What did unit 1203 last sell for?

AED 555,000 on 20 May 2021: AED 677 per sqft for 819 sqft. The unit has 3 registered sales; the first was AED 493,297 in May 2014.

What is the rent for unit 1203?

AED 71,500 a year on the contract renewed on 3 June 2023. The previous contract, from June 2022, was AED 68,000; the unit has been rented since June 2021.

How big is unit 1203?

819 sqft (76.1 sqm): a one-bedroom apartment on the 12th floor of a 43-storey tower completed in 2008.

What is unit 1203 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 1203, Concorde Tower

Starts from the last sale price (AED 555K, 20 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 555,000
Deposit, UAE resident (20%)
AED 111,000
Deposit, non-resident (40%)
AED 222,000
Monthly over 25 years at 3.7%
AED 2,271

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