1-bed · 819 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 17th floor · completed 2008

1703, Concorde Tower

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

Unit 1703 · DLD and Ejari recordsUpdated 10 March 2021
Last soldAED 480K5 March 2012
Current rentAED 43K /yr10 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1703, Concorde Tower

What is 1703 worth today?

Last sold for AED 480,000 in 2012

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10 Mar 2021RentedNew contract
AED 43,000/yr12 months · AED 53 per sqft
29 Feb 2020RentedNew contract
AED 52,000/yr12 months · AED 64 per sqft
15 Mar 2015RentedNew contract
AED 60,127/yr11 months · AED 73 per sqft
14 Mar 2014RentedNew contract
AED 59,839/yr12 months · AED 73 per sqft
15 Mar 2013RentedNew contract
AED 50,000/yr12 months · AED 61 per sqft
5 Mar 2012SoldReady
AED 480,000AED 585 per sqft
27 Feb 2012Sold by developerReady
AED 466,032AED 568 per sqft

Source: Dubai Land Department. Updated 10 March 2021.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
17th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 16,300 /yr
Last sold
AED 480K · March 2012

About 1703, Concorde Tower

1703 is a one-bedroom apartment of 819 sqft on the 17th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. It last sold on 5 March 2012 for AED 480,000, or AED 585 per sqft, 8% below the AED 636 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 10 March 2021, is AED 43,000 a year: a gross yield of 9.0% on the 2012 price, before the service charge of about AED 16,300 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, 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, February 2012: AED 466,032 (AED 568 per sqft)Sold, March 2012: AED 480,000 (AED 585 per sqft)

1703 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1703, 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, March 2013: AED 50,000 a yearNew contract, March 2014: AED 59,839 a yearNew contract, March 2015: AED 60,127 a yearNew contract, February 2020: AED 52,000 a yearNew contract, March 2021: AED 43,000 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 1703 sits

All 404 1-beds →

1703 last sold in March 2012 at AED 585 per sqft, 8% below what one-beds in Concorde Tower were fetching at the time (AED 636). 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. 1703's AED 43,000 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 17th floor

All 470 units in Concorde Tower
Value
17011-bedAED 600K · Feb 2013
17021-bedAED 1.1M · Mar 2025
1704StudioAED 725K · Sep 2014
17051-bedAED 1.18M · Jan 2026
17061-bedAED 750K · Feb 2023
17071-bedAED 720K · Sep 2020
17081-bedAED 1.43M · Jan 2018
1–7 of 12

1703, Concorde Tower in numbers

  • Sold twice: first on 27 February 2012 for AED 466,032, last on 5 March 2012 for AED 480,000 (AED 585 per sqft).
  • Rented since March 2013 on 5 Ejari contracts, from AED 50,000 to AED 43,000 a year.
  • At AED 43,000 a year the gross yield on the 2012 price is 9.0%, 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 10 March 2021.

Questions about 1703, Concorde Tower

What did unit 1703 last sell for?

AED 480,000 on 5 March 2012: AED 585 per sqft for 819 sqft. The unit has 2 registered sales; the first was AED 466,032 in February 2012.

What is the rent for unit 1703?

AED 43,000 a year on the contract signed on 10 March 2021. The previous contract, from February 2020, was AED 52,000; the unit has been rented since March 2013.

How big is unit 1703?

819 sqft (76.1 sqm): a one-bedroom apartment on the 17th floor of a 43-storey tower completed in 2008.

What is unit 1703 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 1703, Concorde Tower

Starts from the last sale price (AED 480K, 5 March 2012). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

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