1401, Concorde Tower
Sold prices and rental history: sold twice, last in May 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1401, Concorde Tower
What is 1401 worth today?
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Source: Dubai Land Department. Updated 9 July 2024.
Key facts
- Type
- Studio apartment
- Size
- 372 sqft
- Floor
- 14th of 43
- Parking
- (1)
- Developer
- 32 Group Properties
- Completed
- 2008
- Service charge
- AED 7,400 /yr
- Last sold
- AED 620K · May 2014
- Building
- Concorde Tower
About 1401, Concorde Tower
1401 is a studio of 372 sqft on the 14th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. It last sold on 3 May 2014 for AED 620,000, or AED 1,667 per sqft, 40% above the AED 1,188 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 9 July 2024, is AED 45,000 a year: a gross yield of 7.3% on the 2014 price, before the service charge of about AED 7,400 a year.
Sales and rents for 1401 over time
1401 has sold twice; 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 Concorde Tower, and where 1401 sits
All 60 studios →1401 last sold in May 2014 at AED 1,667 per sqft, 40% above what studios in Concorde Tower were fetching at the time (AED 1,188). Over the last 12 months studios sold for AED 660,000 to 830,000, around AED 1,744 per sqft, and rent for AED 45,000 to 65,000 a year. 1401's AED 45,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Aug 202618 August 2026 | 372 sqft | 660,000 | 1,775 | ||
| 19 May 202619 May 2026 | 453 sqft | 790,000 | 1,744 | ||
| 27 Nov 202527 November 2025 | 505 sqft | 830,000 | 1,643 | ||
| 25 Mar 202525 March 2025 | 453 sqft | 625,000 | 1,379 |
Concorde Tower
Building470 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%
Other units on the 14th floor
All 470 units in Concorde Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1402 | 1-bed | 675 sqft | AED 535KAED 535,323 · Mar 2011March 2011 | 68,000 /yr | |
| 1403 | 1-bed | 819 sqft | AED 1.03MAED 1,030,000 · Mar 2026March 2026 | 70,000 /yr | |
| 1404 | Studio | 505 sqft | AED 490KAED 490,000 · Oct 2021October 2021 | 47,000 /yr | |
| 1405 | 1-bed | 955 sqft | AED 1.11MAED 1,110,665 · Dec 2010December 2010 | 50,000 /yr | |
| 1406 | 1-bed | 825 sqft | AED 1.2MAED 1,200,000 · Jun 2024June 2024 | 125,000 /yr | |
| 1407 | 1-bed | 1,432 sqft | AED 1.26MAED 1,260,000 · Jul 2023July 2023 | ||
| 1408 | 1-bed | 1,432 sqft | AED 1.5MAED 1,500,000 · Feb 2014February 2014 | 130,000 /yr | |
| 1409 | 1-bed | 971 sqft | AED 950KAED 950,000 · Mar 2014March 2014 | 85,000 /yr | |
| 1410 | 1-bed | 980 sqft | AED 1.05MAED 1,050,000 · Jul 2024July 2024 | 70,000 /yr | |
| 1411 | Studio | 505 sqft | AED 330KAED 330,000 · Jan 2011January 2011 | 58,000 /yr | |
| 1412 | 1-bed | 819 sqft | AED 960KAED 960,409 · Aug 2011August 2011 | 80,000 /yr | |
| 1413 | 1-bed | 675 sqft | AED 780KAED 780,000 · Sep 2023September 2023 | 105,000 /yr | |
| 1414 | Studio | 372 sqft | AED 620KAED 620,000 · Jul 2023July 2023 | 47,000 /yr |
1401, Concorde Tower in numbers
- Sold twice: first on 8 September 2011 for AED 257,380, last on 3 May 2014 for AED 620,000 (AED 1,667 per sqft).
- Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 65,000 to AED 32,000 in 2020 and recovered to AED 45,000 by July 2024.
- At AED 45,000 a year the gross yield on the 2014 price is 7.3%, before a service charge of about AED 7,400 a year (AED 19.92 per sqft).
- Studios in Concorde Tower sold for AED 660,000–830,000 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 9 July 2024.
Questions about 1401, Concorde Tower
What did unit 1401 last sell for?
AED 620,000 on 3 May 2014: AED 1,667 per sqft for 372 sqft. The unit has 2 registered sales; the first was AED 257,380 in September 2011.
What is the rent for unit 1401?
AED 45,000 a year on the contract signed on 9 July 2024. The previous contract, from July 2022, was AED 35,000; the unit has been rented since May 2014.
How big is unit 1401?
372 sqft (34.6 sqm): a studio on the 14th floor of a 43-storey tower completed in 2008.
What is unit 1401 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Concorde Tower sold for AED 660,000 to 830,000 in the last 12 months, around AED 1,744 per sqft.
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Mortgage on 1401, Concorde Tower
Starts from the last sale price (AED 620K, 3 May 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 620,000
- Deposit, UAE resident (20%)
- AED 124,000
- Deposit, non-resident (40%)
- AED 248,000
- Monthly over 25 years at 3.7%
- AED 2,537
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →