Studio · 543 sqft8 Boulevard Walk, Downtown Dubai · 4th floor · completed 2008

408, 8 Boulevard Walk

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

Unit 408 · DLD and Ejari recordsUpdated 26 October 2024
Last soldAED 882K15 August 2013
Current rentAED 70K /yr26 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, 8 Boulevard Walk

What is 408 worth today?

Last sold for AED 882,000 in 2013

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26 Oct 2024RentedNew contract
AED 70,000/yr12 months · AED 130 per sqft
10 Aug 2023RentedNew contract
AED 67,000/yr12 months · AED 124 per sqft
30 Apr 2022RentedRenewal
AED 45,000/yr12 months · AED 84 per sqft
30 Apr 2021RentedRenewal
AED 45,000/yr12 months · AED 84 per sqft
30 Apr 2020RentedNew contract
AED 50,000/yr12 months · AED 93 per sqft
1 Mar 2019RentedNew contract
AED 60,000/yr12 months · AED 111 per sqft
5 Aug 2018RentedNew contract
AED 57,000/yr12 months · AED 106 per sqft
12 Oct 2016RentedNew contract
AED 80,000/yr12 months · AED 149 per sqft

Source: Dubai Land Department. Updated 26 October 2024.

Key facts

Type
Studio apartment
Size
543 sqft
Floor
4th of 35
Parking
B1-063
Developer
Emaar
Completed
2008
Service charge
AED 11,400 /yr
Last sold
AED 882K · August 2013

About 408, 8 Boulevard Walk

408 is a studio of 543 sqft on the 4th floor of 8 Boulevard Walk, a 35-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 15 August 2013 for AED 882,000, or AED 1,624 per sqft, 26% above the AED 1,289 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 26 October 2024, is AED 70,000 a year: a gross yield of 7.9% on the 2013 price, before the service charge of about AED 11,400 a year.

Sales and rents for 408 over time

Sales
Unit 408, 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, March 2011: AED 244,444 (AED 450 per sqft)Sold, August 2013: AED 882,000 (AED 1,624 per sqft)

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

Rents
Unit 408, 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, September 2013: AED 75,000 a yearNew contract, October 2016: AED 80,000 a yearNew contract, August 2018: AED 57,000 a yearNew contract, March 2019: AED 60,000 a yearNew contract, April 2020: AED 50,000 a yearRenewal, April 2021: AED 45,000 a yearRenewal, April 2022: AED 45,000 a yearNew contract, August 2023: AED 67,000 a yearNew contract, October 2024: AED 70,000 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 408 sits

All 61 studios →

408 last sold in August 2013 at AED 1,624 per sqft, 26% above what studios in 8 Boulevard Walk were fetching at the time (AED 1,289). 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. 408's AED 70,000 is in the lower half 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 4th floor

All 347 units in 8 Boulevard Walk
Value
4061-bedAED 1.5M · Mar 2016
4072-bedAED 2.5M · May 2017
409StudioAED 900K · Oct 2023
4102-bedAED 1.38M · Sep 2013
4111-bedAED 1.51M · Feb 2023

408, 8 Boulevard Walk in numbers

  • Sold twice: first on 1 March 2011 for AED 244,444, last on 15 August 2013 for AED 882,000 (AED 1,624 per sqft).
  • Rented since September 2013 on 9 Ejari contracts. The rent fell from AED 75,000 to AED 45,000 in 2022 and recovered to AED 70,000 by October 2024.
  • At AED 70,000 a year the gross yield on the 2013 price is 7.9%, 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 26 October 2024.

Questions about 408, 8 Boulevard Walk

What did unit 408 last sell for?

AED 882,000 on 15 August 2013: AED 1,624 per sqft for 543 sqft. The unit has 2 registered sales; the first was AED 244,444 in March 2011.

What is the rent for unit 408?

AED 70,000 a year on the contract signed on 26 October 2024. The previous contract, from August 2023, was AED 67,000; the unit has been rented since September 2013.

How big is unit 408?

543 sqft (50.4 sqm): a studio on the 4th floor of a 35-storey tower completed in 2008.

What is unit 408 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 408, 8 Boulevard Walk

Starts from the last sale price (AED 882K, 15 August 2013). Switch to today's estimate once you have unlocked it.
Price
AED 882,000
Deposit, UAE resident (20%)
AED 176,400
Deposit, non-resident (40%)
AED 352,800
Monthly over 25 years at 3.7%
AED 3,609

Plus AED 42,054 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →