701, Concorde Tower
Sold prices and rental history: sold twice, last in March 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Concorde Tower
What is 701 worth today?
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Source: Dubai Land Department. Updated 7 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 372 sqft
- Floor
- 7th of 43
- Parking
- (1)
- Developer
- 32 Group Properties
- Completed
- 2008
- Service charge
- AED 7,400 /yr
- Last sold
- AED 600K · March 2014
- Building
- Concorde Tower
About 701, Concorde Tower
701 is a studio of 372 sqft on the 7th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. It last sold on 13 March 2014 for AED 600,000, or AED 1,613 per sqft, 48% above the AED 1,089 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 7 August 2026, is AED 46,000 a year: a gross yield of 7.7% on the 2014 price, before the service charge of about AED 7,400 a year.
Sales and rents for 701 over time
701 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 701 sits
All 60 studios →701 last sold in March 2014 at AED 1,613 per sqft, 48% above what studios in Concorde Tower were fetching at the time (AED 1,089). 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. 701's AED 46,000 is in the lower half 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 7th floor
All 470 units in Concorde Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 675 sqft | AED 567KAED 566,649 · Jul 2013July 2013 | 63,000 /yr | |
| 703 | 1-bed | 819 sqft | AED 880KAED 880,000 · Feb 2024February 2024 | 80,000 /yr | |
| 704 | Studio | 505 sqft | AED 630KAED 630,000 · Nov 2013November 2013 | 52,000 /yr | |
| 705 | 1-bed | 955 sqft | AED 654KAED 654,175 · May 2011May 2011 | 85,000 /yr | |
| 706 | 1-bed | 825 sqft | AED 800KAED 800,000 · Sep 2022September 2022 | 70,000 /yr | |
| 707 | 1-bed | 1,432 sqft | AED 850KAED 850,000 · Nov 2020November 2020 | 94,000 /yr | |
| 708 | 1-bed | 1,432 sqft | AED 920KAED 920,000 · Dec 2012December 2012 | ||
| 709 | 1-bed | 971 sqft | AED 1MAED 1,000,000 · Oct 2023October 2023 | 80,000 /yr | |
| 710 | 1-bed | 980 sqft | AED 900KAED 900,000 · Apr 2017April 2017 | 110,000 /yr | |
| 711 | Studio | 505 sqft | AED 315KAED 315,000 · Aug 2011August 2011 | 54,000 /yr | |
| 712 | 1-bed | 819 sqft | AED 960KAED 960,000 · May 2025May 2025 | 55,000 /yr | |
| 713 | 1-bed | 675 sqft | AED 490KAED 490,000 · Feb 2021February 2021 | ||
| 714 | Studio | 372 sqft | AED 237KAED 237,006 · Dec 2011December 2011 |
701, Concorde Tower in numbers
- Sold twice: first on 8 September 2011 for AED 215,460, last on 13 March 2014 for AED 600,000 (AED 1,613 per sqft).
- Rented since April 2016 on 8 Ejari contracts. The rent fell from AED 60,000 to AED 28,000 in 2020 and recovered to AED 46,000 by August 2026.
- At AED 46,000 a year the gross yield on the 2014 price is 7.7%, 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 7 August 2026.
Questions about 701, Concorde Tower
What did unit 701 last sell for?
AED 600,000 on 13 March 2014: AED 1,613 per sqft for 372 sqft. The unit has 2 registered sales; the first was AED 215,460 in September 2011.
What is the rent for unit 701?
AED 46,000 a year on the contract signed on 7 August 2026. The previous contract, from January 2026, was AED 56,000; the unit has been rented since April 2016.
How big is unit 701?
372 sqft (34.6 sqm): a studio on the 7th floor of a 43-storey tower completed in 2008.
What is unit 701 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 701, Concorde Tower
Starts from the last sale price (AED 600K, 13 March 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →