Studio · 505 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 4th floor · completed 2008

404, Concorde Tower

Sold prices and rental history: sold 4 times, last in July 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 730K20 July 2016
Current rentAED 60K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, Concorde Tower

What is 404 worth today?

Last sold for AED 730,000 in 2016

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1 Jun 2024RentedNew contract
AED 60,000/yr12 months · AED 119 per sqft
3 Nov 2023RentedNew contract
AED 60,000/yr12 months · AED 119 per sqft
31 Jul 2019RentedNew contract
AED 54,000/yr12 months · AED 107 per sqft
1 Jul 2018RentedNew contract
AED 63,000/yr12 months · AED 125 per sqft
20 Jul 2016SoldReady
AED 730,000AED 1,445 per sqft
2 Feb 2014RentedNew contract
AED 65,000/yr12 months · AED 128 per sqft
1 Jul 2013RentedNew contract
AED 42,000/yr12 months · AED 83 per sqft
28 Mar 2013SoldReady
AED 530,000AED 1,049 per sqft

Source: Dubai Land Department. Updated 1 June 2024.

Key facts

Type
Studio apartment
Size
505 sqft
Floor
4th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 10,100 /yr
Last sold
AED 730K · July 2016

About 404, Concorde Tower

404 is a studio of 505 sqft on the 4th 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 July 2016 for AED 730,000, or AED 1,445 per sqft, 12% above the AED 1,287 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 June 2024, is AED 60,000 a year: a gross yield of 8.2% on the 2016 price, before the service charge of about AED 10,100 a year.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical studio in Concorde Tower
250K500K750K2010201420182022Typical sale price by year: 2010 AED 281,326; 2011 AED 307,648; 2012 AED 365,000; 2013 AED 470,000; 2014 AED 680,000; 2015 AED 622,500; 2016 AED 645,000; 2017 AED 680,000; 2018 AED 600,000; 2022 AED 455,000; 2024 AED 699,000Sold, March 2011: AED 320,000 (AED 633 per sqft)Sold by developer, March 2011: AED 289,542 (AED 573 per sqft)Sold, March 2013: AED 530,000 (AED 1,049 per sqft)Sold, July 2016: AED 730,000 (AED 1,445 per sqft)

404 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 404, each contractTypical studio in Concorde Tower
40K60K2013201720212025Typical rent by year: 2013 AED 48,000; 2014 AED 55,000; 2015 AED 62,000; 2016 AED 61,000; 2017 AED 58,000; 2018 AED 50,000; 2019 AED 42,500; 2020 AED 32,500; 2021 AED 32,500; 2022 AED 40,000; 2023 AED 50,000; 2024 AED 55,000; 2025 AED 57,500; 2026 AED 54,500New contract, July 2013: AED 42,000 a yearNew contract, February 2014: AED 65,000 a yearNew contract, July 2018: AED 63,000 a yearNew contract, July 2019: AED 54,000 a yearNew contract, November 2023: AED 60,000 a yearNew contract, June 2024: AED 60,000 a year

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 404 sits

All 60 studios →

404 last sold in July 2016 at AED 1,445 per sqft, 12% above what studios in Concorde Tower were fetching at the time (AED 1,287). 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. 404's AED 60,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
18 Aug 2026660,000
19 May 2026790,000
27 Nov 2025830,000
25 Mar 2025625,000
3 studio 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 4th floor

All 470 units in Concorde Tower
Value
4011-bedAED 865K · Apr 2024
4021-bedAED 960K · Mar 2026
4031-bedAED 550K · Apr 2021
4051-bedAED 600K · Dec 2019
4061-bedAED 720K · Apr 2023
4071-bedAED 1.2M · Nov 2016
4081-bedAED 1.49M · Jul 2025
1–7 of 12

404, Concorde Tower in numbers

  • Sold 4 times: first on 3 March 2011 for AED 289,542, last on 20 July 2016 for AED 730,000 (AED 1,445 per sqft).
  • Rented since July 2013 on 6 Ejari contracts, from AED 42,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2016 price is 8.2%, before a service charge of about AED 10,100 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 1 June 2024.

Questions about 404, Concorde Tower

What did unit 404 last sell for?

AED 730,000 on 20 July 2016: AED 1,445 per sqft for 505 sqft. The unit has 4 registered sales; the first was AED 289,542 in March 2011.

What is the rent for unit 404?

AED 60,000 a year on the contract signed on 1 June 2024. The previous contract, from November 2023, was AED 60,000; the unit has been rented since July 2013.

How big is unit 404?

505 sqft (46.9 sqm): a studio on the 4th floor of a 43-storey tower completed in 2008.

What is unit 404 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 404, Concorde Tower

Starts from the last sale price (AED 730K, 20 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 730,000
Deposit, UAE resident (20%)
AED 146,000
Deposit, non-resident (40%)
AED 292,000
Monthly over 25 years at 3.7%
AED 2,987

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