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Studio · 505 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 7th floor · completed 2008

711, Concorde Tower

Sold prices and rental history: sold twice, last in August 2011, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 711 · DLD and Ejari recordsUpdated 20 March 2024
Last soldAED 315K23 August 2011
Current rentAED 54K /yr20 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 711, Concorde Tower

What is 711 worth today?

Last sold for AED 315,000 in 2011

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20 Mar 2024RentedNew contract
AED 54,000/yr12 months · AED 107 per sqft
28 Sep 2018RentedNew contract
AED 47,000/yr12 months · AED 93 per sqft
23 Aug 2011SoldReady
AED 315,000AED 623 per sqft
9 Aug 2011Sold by developerReady
AED 369,428AED 731 per sqft

Source: Dubai Land Department. Updated 20 March 2024.

Key facts

Type
Studio apartment
Size
505 sqft
Floor
7th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 10,100 /yr
Last sold
AED 315K · August 2011
Building
Concorde Tower

About 711, Concorde Tower

711 is a studio of 505 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 23 August 2011 for AED 315,000, or AED 623 per sqft, 3% above the AED 602 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 20 March 2024, is AED 54,000 a year: a gross yield of 17.1% on the 2011 price, before the service charge of about AED 10,100 a year.

Sales and rents for 711 over time

Sales
Unit 711, each saleTypical studio in Concorde Tower
400K600K2010201420182022Typical 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, August 2011: AED 315,000 (AED 623 per sqft)Sold by developer, August 2011: AED 369,428 (AED 731 per sqft)

711 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 711, 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, September 2018: AED 47,000 a yearNew contract, March 2024: AED 54,000 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 711 sits

All 60 studios →

711 last sold in August 2011 at AED 623 per sqft, 3% above what studios in Concorde Tower were fetching at the time (AED 602). 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. 711's AED 54,000 is in the lower 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 7th floor

All 470 units in Concorde Tower
Value
701StudioAED 600K · Mar 2014
7021-bedAED 567K · Jul 2013
7031-bedAED 880K · Feb 2024
704StudioAED 630K · Nov 2013
7051-bedAED 654K · May 2011
7061-bedAED 800K · Sep 2022
7071-bedAED 850K · Nov 2020
1–7 of 13

711, Concorde Tower in numbers

  • Sold twice: first on 9 August 2011 for AED 369,428, last on 23 August 2011 for AED 315,000 (AED 623 per sqft).
  • Rented since September 2018 on 2 Ejari contracts, from AED 47,000 to AED 54,000 a year.
  • At AED 54,000 a year the gross yield on the 2011 price is 17.1%, 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 20 March 2024.

Questions about 711, Concorde Tower

What did unit 711 last sell for?

AED 315,000 on 23 August 2011: AED 623 per sqft for 505 sqft. The unit has 2 registered sales; the first was AED 369,428 in August 2011.

What is the rent for unit 711?

AED 54,000 a year on the contract signed on 20 March 2024. The previous contract, from September 2018, was AED 47,000.

How big is unit 711?

505 sqft (46.9 sqm): a studio on the 7th floor of a 43-storey tower completed in 2008.

What is unit 711 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 711, Concorde Tower

Starts from the last sale price (AED 315K, 23 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 315,000
Deposit, UAE resident (20%)
AED 63,000
Deposit, non-resident (40%)
AED 126,000
Monthly over 25 years at 3.7%
AED 1,289

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