1-bed · 1,432 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 12th floor · completed 2008

1208, Concorde Tower

Sold prices and rental history: sold twice, last in February 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1208 · DLD and Ejari recordsUpdated 8 June 2018
Last soldAED 700K16 February 2012
Current rentAED 87K /yr8 June 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1208, Concorde Tower

What is 1208 worth today?

Last sold for AED 700,000 in 2012

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8 Jun 2018RentedNew contract
AED 87,000/yr12 months · AED 61 per sqft
29 Dec 2016RentedRenewal
AED 89,000/yr12 months · AED 62 per sqft
28 Dec 2015RentedRenewal
AED 88,761/yr12 months · AED 62 per sqft
28 Dec 2014RentedRenewal
AED 89,000/yr12 months · AED 62 per sqft
28 Dec 2013RentedNew contract
AED 89,000/yr12 months · AED 62 per sqft
16 Feb 2012SoldReady
AED 700,000AED 488 per sqft
8 Mar 2011Sold by developerReady
AED 987,344AED 689 per sqft

Source: Dubai Land Department. Updated 8 June 2018.

Key facts

Type
1-bed apartment
Size
1,432 sqft
Floor
12th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 28,500 /yr
Last sold
AED 700K · February 2012

About 1208, Concorde Tower

1208 is a one-bedroom apartment of 1,432 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 16 February 2012 for AED 700,000, or AED 488 per sqft, 25% below the AED 654 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 8 June 2018, is AED 87,000 a year: a gross yield of 12.4% on the 2012 price, before the service charge of about AED 28,500 a year.

Sales and rents for 1208 over time

Sales
Unit 1208, 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, March 2011: AED 987,344 (AED 689 per sqft)Sold, February 2012: AED 700,000 (AED 488 per sqft)

1208 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1208, 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, December 2013: AED 89,000 a yearRenewal, December 2014: AED 89,000 a yearRenewal, December 2015: AED 88,761 a yearRenewal, December 2016: AED 89,000 a yearNew contract, June 2018: AED 87,000 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 1208 sits

All 404 1-beds →

1208 last sold in February 2012 at AED 488 per sqft, 25% below what one-beds in Concorde Tower were fetching at the time (AED 654). 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. 1208's AED 87,000 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 12th floor

All 470 units in Concorde Tower
Value
1201StudioAED 495K · Jan 2015
12021-bedAED 440K · Dec 2010
12031-bedAED 555K · May 2021
1204StudioAED 315K · Jan 2012
12051-bedAED 1.1M · Sep 2024
12061-bedAED 537K · Jul 2012
12071-bedAED 1.3M · Mar 2015
1–7 of 13

1208, Concorde Tower in numbers

  • Sold twice: first on 8 March 2011 for AED 987,344, last on 16 February 2012 for AED 700,000 (AED 488 per sqft).
  • Rented since December 2013 on 5 Ejari contracts, from AED 89,000 to AED 87,000 a year.
  • At AED 87,000 a year the gross yield on the 2012 price is 12.4%, before a service charge of about AED 28,500 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 8 June 2018.

Questions about 1208, Concorde Tower

What did unit 1208 last sell for?

AED 700,000 on 16 February 2012: AED 488 per sqft for 1,432 sqft. The unit has 2 registered sales; the first was AED 987,344 in March 2011.

What is the rent for unit 1208?

AED 87,000 a year on the contract signed on 8 June 2018. The previous contract, from December 2016, was AED 89,000; the unit has been rented since December 2013.

How big is unit 1208?

1,432 sqft (133.0 sqm): a one-bedroom apartment on the 12th floor of a 43-storey tower completed in 2008.

What is unit 1208 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 1208, Concorde Tower

Starts from the last sale price (AED 700K, 16 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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