1-bed · 1,011 sqftBurj Lofts Central, Downtown Dubai · 16th floor · completed 2009

1604, Burj Lofts Central

Sold prices and rental history: sold 3 times, last in May 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 1 May 2018
Last soldAED 1.3M1 May 2018
Current rentAED 120K /yr8 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1604, Burj Lofts Central

What is 1604 worth today?

Last sold for AED 1,300,000 in 2018

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1 May 2018SoldReady
AED 1,300,000AED 1,285 per sqft
8 Jun 2016RentedNew contract
AED 120,000/yr12 months · AED 119 per sqft
10 Aug 2015RentedNew contract
AED 110,000/yr12 months · AED 109 per sqft
13 Jun 2013RentedNew contract
AED 90,000/yr12 months · AED 89 per sqft
1 May 2011SoldReady
AED 798,958AED 790 per sqft
15 Jun 2010Sold by developerReady
AED 1,597,916AED 1,580 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2018.

Key facts

Type
1-bed apartment
Size
1,011 sqft
Floor
16th of 26
Parking
B2 - 2086
Developer
Emaar
Completed
2009
Service charge
AED 21,200 /yr
Last sold
AED 1.3M · May 2018

About 1604, Burj Lofts Central

1604 is a one-bedroom apartment of 1,011 sqft on the 16th floor of Burj Lofts Central, a 26-storey tower in Downtown Dubai completed in 2009 by Emaar. It last sold on 1 May 2018 for AED 1,300,000, or AED 1,285 per sqft, 12% below the AED 1,457 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 8 June 2016, is AED 120,000 a year: a gross yield of 9.2% on the 2018 price, before the service charge of about AED 21,200 a year.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical one-bed in Burj Lofts Central
1M1.5M20102014201820222026Typical sale price by year: 2010 AED 1,023,888; 2011 AED 853,944; 2012 AED 989,817; 2013 AED 1,285,000; 2014 AED 1,600,000; 2015 AED 1,475,000; 2016 AED 1,377,500; 2017 AED 1,275,000; 2018 AED 1,300,000; 2019 AED 1,062,500; 2020 AED 760,000; 2021 AED 890,000; 2022 AED 1,330,000; 2023 AED 1,350,000; 2024 AED 1,612,500; 2025 AED 1,674,500Sold by developer, June 2010: AED 1,597,916 (AED 1,580 per sqft)Sold, May 2011: AED 798,958 (AED 790 per sqft)Sold, May 2018: AED 1,300,000 (AED 1,285 per sqft)

1604 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1604, each contractTypical one-bed in Burj Lofts Central
75K100K125K2012201620202024Typical rent by year: 2012 AED 70,559; 2013 AED 84,500; 2014 AED 97,000; 2015 AED 100,000; 2016 AED 105,000; 2017 AED 99,000; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 67,500; 2021 AED 65,000; 2022 AED 76,500; 2023 AED 88,000; 2024 AED 105,000; 2025 AED 105,000; 2026 AED 105,000New contract, June 2013: AED 90,000 a yearNew contract, August 2015: AED 110,000 a yearNew contract, June 2016: AED 120,000 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 Burj Lofts Central, and where 1604 sits

All 226 1-beds →

1604 last sold in May 2018 at AED 1,285 per sqft, 12% below what one-beds in Burj Lofts Central were fetching at the time (AED 1,457). Over the last 12 months one-beds sold for AED 1,715,000 to 2,300,000, around AED 2,307 per sqft, and rent for AED 61,500 to 230,000 a year. 1604's AED 120,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Feb 20262,300,000
9 Jan 202666,286
26 Dec 20251,715,000
28 Jul 20251,600,000
3 1-bed sales in the last 12 months

Burj Lofts Central

Building

321 apartments, studios to 3-bed over 26 floors in Downtown Dubai, completed in 2009 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 2,481
Typical sale
AED 2.75M
Typical rent
AED 110K /yr
Typical yield
5.1%
Burj Lofts Central, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 321 units in Burj Lofts Central
Value
16011-bedAED 750K · May 2011
16022-bedAED 1.8M · Jul 2010
16032-bedAED 1.56M · Dec 2010
16051-bedAED 685K · May 2011
16061-bedAED 900K · Jan 2012

1604, Burj Lofts Central in numbers

  • Sold 3 times: first on 15 June 2010 for AED 1,597,916, last on 1 May 2018 for AED 1,300,000 (AED 1,285 per sqft).
  • Rented since June 2013 on 3 Ejari contracts, from AED 90,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2018 price is 9.2%, before a service charge of about AED 21,200 a year (AED 21.00 per sqft).
  • One-beds in Burj Lofts Central sold for AED 1,715,000–2,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,481 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2018.

Questions about 1604, Burj Lofts Central

What did unit 1604 last sell for?

AED 1,300,000 on 1 May 2018: AED 1,285 per sqft for 1,011 sqft. The unit has 3 registered sales; the first was AED 1,597,916 in June 2010.

What is the rent for unit 1604?

AED 120,000 a year on the contract signed on 8 June 2016. The previous contract, from August 2015, was AED 110,000; the unit has been rented since June 2013.

How big is unit 1604?

1,011 sqft (93.9 sqm): a one-bedroom apartment on the 16th floor of a 26-storey tower completed in 2009.

What is unit 1604 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Burj Lofts Central sold for AED 1,715,000 to 2,300,000 in the last 12 months, around AED 2,307 per sqft.

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Mortgage on 1604, Burj Lofts Central

Starts from the last sale price (AED 1.3M, 1 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

Plus AED 59,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →