1-bed · 928 sqftAvanti Tower, Business Bay · 6th floor · completed 2018

608, Avanti Tower

Sold prices and rental history: sold once, by the developer in May 2023, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 608 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 1.4M19 May 2023
Current rentAED 89K /yr15 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 608, Avanti Tower

What is 608 worth today?

Last sold for AED 1,395,520 in 2023

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15 Jul 2024RentedRenewal
AED 89,000/yr12 months · AED 96 per sqft
19 May 2023Sold by developerReady
AED 1,395,520AED 1,504 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
1-bed apartment
Size
928 sqft
Floor
6th of 15
Parking
P1-37
Developer
DAMAC
Completed
2018
Last sold
AED 1.4M · May 2023
Building
Avanti Tower

About 608, Avanti Tower

608 is a one-bedroom apartment of 928 sqft on the 6th floor of Avanti Tower, a 15-storey tower in Business Bay completed in 2018 by DAMAC. The developer sold it on 19 May 2023 for AED 1,395,520, or AED 1,504 per sqft, 7% above the AED 1,408 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 July 2024. The current contract, renewed on 15 July 2024, is AED 89,000 a year: a gross yield of 6.4% on the 2023 price.

Sales and rents for 608 over time

Sales
Unit 608, each saleTypical one-bed in Avanti Tower
1M1.5M20142017202020232026Typical sale price by year: 2014 AED 1,741,350; 2015 AED 1,757,500; 2017 AED 1,231,000; 2018 AED 1,499,500; 2019 AED 1,446,500; 2021 AED 888,520; 2022 AED 1,192,425; 2023 AED 1,332,775; 2024 AED 1,396,500; 2025 AED 1,044,476Sold by developer, May 2023: AED 1,395,520 (AED 1,504 per sqft)

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

Rents
Unit 608, each contractTypical one-bed in Avanti Tower
60K80K20192021202320252027Typical rent by year: 2019 AED 68,000; 2020 AED 60,000; 2021 AED 60,000; 2022 AED 69,000; 2023 AED 76,500; 2024 AED 83,000; 2025 AED 85,000; 2026 AED 90,000Renewal, July 2024: AED 89,000 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 Avanti Tower, and where 608 sits

All 61 1-beds →

608 last sold in May 2023 at AED 1,504 per sqft, 7% above what one-beds in Avanti Tower were fetching at the time (AED 1,408). Over the last 12 months one-beds sold for AED 1,275,000, around AED 1,473 per sqft, and rent for AED 85,000 to 115,000 a year. 608's AED 89,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Jul 20251,200,000
12 Jun 20251,068,952
1 May 20251,100,000
8 Apr 20251,000,000
1 1-bed sale in the last 12 months

Avanti Tower

Building

159 apartments, studios to 3-bed over 15 floors in Business Bay, completed in 2018 by DAMAC. 4 sold in the last 12 months.

Typical price per sqft
AED 1,478
Typical sale
AED 1.4M
Typical rent
AED 85K /yr
Typical yield
7.2%
Avanti Tower, Business Bay: prices, sales and rents →

Other units on the 6th floor

All 159 units in Avanti Tower
Value
6012-bedAED 1.65M · Jul 2022
6021-bedAED 955K · Dec 2021
603StudioAED 590K · Mar 2023
6041-bedNo registered sale
6051-bedAED 885K · Mar 2022
606StudioAED 1.03M · Jun 2014
607StudioAED 570K · Dec 2022
1–7 of 13

608, Avanti Tower in numbers

  • Sold once: by DAMAC on 19 May 2023 for AED 1,395,520, or AED 1,504 per sqft.
  • Rented since July 2024 on one Ejari contract, at AED 89,000 a year.
  • At AED 89,000 a year the gross yield on the 2023 price is 6.4%.
  • One-beds in Avanti Tower sold for AED 1,275,000–1,275,000 in the 12 months to November 2026; the building's median across all types is AED 1,478 per sqft.

Source: Dubai Land Department. Updated 15 July 2024.

Questions about 608, Avanti Tower

What did unit 608 last sell for?

AED 1,395,520 on 19 May 2023, sold by the developer: AED 1,504 per sqft for 928 sqft. It is the only registered sale of the unit.

What is the rent for unit 608?

AED 89,000 a year on the contract renewed on 15 July 2024.

How big is unit 608?

928 sqft (86.2 sqm): a one-bedroom apartment on the 6th floor of a 15-storey tower completed in 2018.

What is unit 608 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Avanti Tower sold for AED 1,275,000 to 1,275,000 in the last 12 months, around AED 1,473 per sqft.

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Mortgage on 608, Avanti Tower

Starts from the last sale price (AED 1.4M, 19 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,395,520
Deposit, UAE resident (20%)
AED 279,104
Deposit, non-resident (40%)
AED 558,208
Monthly over 25 years at 3.7%
AED 5,710

Plus AED 63,622 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →