Studio · 543 sqft8 Boulevard Walk, Downtown Dubai · 14th floor · completed 2008

1408, 8 Boulevard Walk

Sold prices and rental history: sold once, by the developer in April 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1408 · DLD and Ejari recordsUpdated 15 November 2022
Last soldAED 537K24 April 2013
Current rentAED 60K /yr15 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1408, 8 Boulevard Walk

What is 1408 worth today?

Last sold for AED 536,888 in 2013

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15 Nov 2022RentedNew contract
AED 60,000/yr12 months · AED 111 per sqft
5 Nov 2021RentedRenewal
AED 44,000/yr12 months · AED 82 per sqft
5 Nov 2020RentedNew contract
AED 42,000/yr12 months · AED 78 per sqft
13 May 2019RentedNew contract
AED 55,000/yr12 months · AED 102 per sqft
5 Nov 2018RentedNew contract
AED 60,000/yr12 months · AED 111 per sqft
1 Oct 2017RentedNew contract
AED 67,000/yr12 months · AED 124 per sqft
17 Jul 2014RentedNew contract
AED 77,500/yr12 months · AED 144 per sqft
15 Jul 2013RentedNew contract
AED 60,000/yr12 months · AED 111 per sqft

Source: Dubai Land Department. Updated 15 November 2022.

Key facts

Type
Studio apartment
Size
543 sqft
Floor
14th of 35
Parking
B2-042
Developer
Emaar
Completed
2008
Service charge
AED 11,400 /yr
Last sold
AED 537K · April 2013

About 1408, 8 Boulevard Walk

1408 is a studio of 543 sqft on the 14th floor of 8 Boulevard Walk, a 35-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 24 April 2013 for AED 536,888, or AED 988 per sqft, 11% below the AED 1,104 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 15 November 2022, is AED 60,000 a year: a gross yield of 11.2% on the 2013 price, before the service charge of about AED 11,400 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, each saleTypical studio in 8 Boulevard Walk
500K1M2009201420192024Typical sale price by year: 2009 AED 548,888; 2010 AED 572,888; 2011 AED 524,888; 2012 AED 599,944; 2013 AED 772,500; 2014 AED 1,101,250; 2015 AED 1,000,000; 2016 AED 935,000; 2017 AED 900,000; 2018 AED 750,000; 2022 AED 750,000; 2023 AED 877,500; 2024 AED 970,000; 2025 AED 1,212,500Sold by developer, April 2013: AED 536,888 (AED 988 per sqft)

1408 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1408, each contractTypical studio in 8 Boulevard Walk
40K60K80K2012201620202024Typical rent by year: 2012 AED 50,000; 2013 AED 60,000; 2014 AED 75,000; 2015 AED 75,000; 2016 AED 72,500; 2017 AED 67,500; 2018 AED 59,000; 2019 AED 54,500; 2020 AED 45,000; 2021 AED 44,500; 2022 AED 55,000; 2023 AED 60,000; 2024 AED 70,000; 2025 AED 74,500; 2026 AED 81,500New contract, July 2013: AED 60,000 a yearNew contract, July 2014: AED 77,500 a yearNew contract, October 2017: AED 67,000 a yearNew contract, November 2018: AED 60,000 a yearNew contract, May 2019: AED 55,000 a yearNew contract, November 2020: AED 42,000 a yearRenewal, November 2021: AED 44,000 a yearNew contract, November 2022: 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 8 Boulevard Walk, and where 1408 sits

All 61 studios →

1408 last sold in April 2013 at AED 988 per sqft, 11% below what studios in 8 Boulevard Walk were fetching at the time (AED 1,104). Over the last 12 months studios sold for AED 1,090,000, around AED 2,007 per sqft, and rent for AED 65,000 to 105,000 a year. 1408's AED 60,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
6 Jan 20261,090,000
28 Jul 20251,250,000
15 Jul 20251,270,000
24 Apr 20251,050,000
1 studio sale in the last 12 months

8 Boulevard Walk

Building

347 apartments, studios to 2-bed over 35 floors in Downtown Dubai, completed in 2008 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 1,815
Typical sale
AED 1.67M
Typical rent
AED 105K /yr
Typical yield
6.2%
8 Boulevard Walk, Downtown Dubai: prices, sales and rents →

Other units on the 14th floor

All 347 units in 8 Boulevard Walk
Value
14012-bedAED 1.28M · Mar 2009
1402AED 2.1M · Sep 2017
14032-bedAED 1.41M · Jan 2011
1404AED 1.93M · Feb 2026
14051-bedAED 740K · Jun 2010
14061-bedAED 1.6M · Mar 2023
14071-bedAED 1.03M · Sep 2012
1–7 of 10

1408, 8 Boulevard Walk in numbers

  • Sold once: by Emaar on 24 April 2013 for AED 536,888, or AED 988 per sqft.
  • Rented since July 2013 on 8 Ejari contracts. The rent fell from AED 60,000 to AED 42,000 in 2020 and recovered to AED 60,000 by November 2022.
  • At AED 60,000 a year the gross yield on the 2013 price is 11.2%, before a service charge of about AED 11,400 a year (AED 21.00 per sqft).
  • Studios in 8 Boulevard Walk sold for AED 1,090,000–1,090,000 in the 12 months to November 2026; the building's median across all types is AED 1,815 per sqft.

Source: Dubai Land Department. Updated 15 November 2022.

Questions about 1408, 8 Boulevard Walk

What did unit 1408 last sell for?

AED 536,888 on 24 April 2013, sold by the developer: AED 988 per sqft for 543 sqft. It is the only registered sale of the unit.

What is the rent for unit 1408?

AED 60,000 a year on the contract signed on 15 November 2022. The previous contract, from November 2021, was AED 44,000; the unit has been rented since July 2013.

How big is unit 1408?

543 sqft (50.4 sqm): a studio on the 14th floor of a 35-storey tower completed in 2008.

What is unit 1408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in 8 Boulevard Walk sold for AED 1,090,000 to 1,090,000 in the last 12 months, around AED 2,007 per sqft.

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Mortgage on 1408, 8 Boulevard Walk

Starts from the last sale price (AED 537K, 24 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 536,888
Deposit, UAE resident (20%)
AED 107,378
Deposit, non-resident (40%)
AED 214,755
Monthly over 25 years at 3.7%
AED 2,197

Plus AED 27,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →