116, The Diplomat
Sold prices and rental history: sold once, by the developer in March 2023, and rented once, from October 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, The Diplomat
What is 116 worth today?
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Source: Dubai Land Department. Updated 1 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,115 sqft
- Parking
- G-01
- Developer
- Nshama Properties
- Completed
- 2024
- Last sold
- AED 1M · March 2023
- Building
- The Diplomat
About 116, The Diplomat
116 is a two-bedroom apartment of 1,115 sqft of The Diplomat, a 5-storey tower in Town Square completed in 2024 by Nshama Properties. The developer sold it on 28 March 2023 for AED 1,000,888, or AED 900 per sqft, 12% below the AED 1,020 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 October 2025. The current contract, signed on 1 October 2025, is AED 110,000 a year: a gross yield of 11.0% on the 2023 price.
Sales and rents for 116 over time
116 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Diplomat, and where 116 sits
All 78 2-beds →116 last sold in March 2023 at AED 900 per sqft, 12% below what two-beds in The Diplomat were fetching at the time (AED 1,020). Over the last 12 months two-beds sold for AED 1,250,000 to 1,600,888, around AED 1,470 per sqft, and rent for AED 52,500 to 115,000 a year. 116's AED 110,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 908 sqft | 1,355,000 | 1,491 | ||
| 7 Sep 20267 September 2026 | 909 sqft | 1,500,000 | 1,650 | ||
| 14 Aug 202614 August 2026 | 906 sqft | 1,250,000 | 1,379 | ||
| 17 Jun 202617 June 2026 | 908 sqft | 1,250,000 | 1,376 |
The Diplomat
Building30 apartments, studios to 3-bed over 5 floors in Town Square, completed in 2024 by Nshama Properties. 19 sold in the last 12 months.
- Typical price per sqft
- AED 1,491 Up 6.8%
- Typical sale
- AED 1.02M
- Typical rent
- AED 85K /yr
- Typical yield
- 6.9%
116, The Diplomat in numbers
- Sold once: by Nshama Properties on 28 March 2023 for AED 1,000,888, or AED 900 per sqft.
- Rented since October 2025 on one Ejari contract, at AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2023 price is 11.0%.
- Two-beds in The Diplomat sold for AED 1,250,000–1,600,888 in the 12 months to November 2026; the building's median across all types is AED 1,491 per sqft.
Source: Dubai Land Department. Updated 1 October 2025.
Questions about 116, The Diplomat
What did unit 116 last sell for?
AED 1,000,888 on 28 March 2023, sold by the developer: AED 900 per sqft for 1,115 sqft. It is the only registered sale of the unit.
What is the rent for unit 116?
AED 110,000 a year on the contract signed on 1 October 2025.
How big is unit 116?
1,115 sqft (103.6 sqm): a two-bedroom apartment of a 5-storey tower completed in 2024.
What is unit 116 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Diplomat sold for AED 1,250,000 to 1,600,888 in the last 12 months, around AED 1,470 per sqft.
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Mortgage on 116, The Diplomat
Starts from the last sale price (AED 1M, 28 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,888
- Deposit, UAE resident (20%)
- AED 200,178
- Deposit, non-resident (40%)
- AED 400,355
- Monthly over 25 years at 3.7%
- AED 4,095
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →