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Studio · 769 sqftBurj Lofts Central, Downtown Dubai · 2nd floor · completed 2009

L216, Burj Lofts Central

Sold prices and rental history: sold once, by the developer in October 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L216 · DLD and Ejari recordsUpdated 12 August 2024
Last soldAED 823K10 October 2012
Current rentAED 75K /yr12 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for L216, Burj Lofts Central

What is L216 worth today?

Last sold for AED 822,888 in 2012

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12 Aug 2024RentedNew contract
AED 75,000/yr12 months · AED 98 per sqft
9 Apr 2024RentedNew contract
AED 60,000/yr3 months · AED 78 per sqft
9 Apr 2023RentedNew contract
AED 80,000/yr12 months · AED 105 per sqft
1 Aug 2022RentedNew contract
AED 65,000/yr12 months · AED 85 per sqft
19 Apr 2019RentedRenewal
AED 65,000/yr12 months · AED 85 per sqft
19 Apr 2018RentedRenewal
AED 75,000/yr12 months · AED 98 per sqft
7 Oct 2014RentedNew contract
AED 85,000/yr12 months · AED 111 per sqft
10 Oct 2012Sold by developerReady
AED 822,888AED 1,069 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 August 2024.

Key facts

Type
Studio apartment
Size
769 sqft
Floor
2nd of 26
Parking
B3 - 3042
Developer
Emaar
Completed
2009
Service charge
AED 16,200 /yr
Last sold
AED 823K · October 2012
Building
Burj Lofts Central

About L216, Burj Lofts Central

L216 is a studio of 769 sqft on the 2nd floor of Burj Lofts Central, a 26-storey tower in Downtown Dubai completed in 2009 by Emaar. The developer sold it on 10 October 2012 for AED 822,888, or AED 1,069 per sqft, in line with the AED 1,069 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 12 August 2024, is AED 75,000 a year: a gross yield of 9.1% on the 2012 price, before the service charge of about AED 16,200 a year.

Sales and rents for L216 over time

Sales
Unit L216, each saleTypical studio in Burj Lofts Central
800K850K900K201220132014Typical sale price by year: 2012 AED 802,888; 2013 AED 911,444Sold by developer, October 2012: AED 822,888 (AED 1,069 per sqft)

L216 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit L216, each contractTypical studio in Burj Lofts Central
50K75K20142017202020232026Typical rent by year: 2014 AED 85,000; 2015 AED 90,000; 2018 AED 76,500; 2019 AED 63,500; 2020 AED 50,000; 2021 AED 45,000; 2022 AED 60,000; 2023 AED 78,750; 2024 AED 67,500; 2025 AED 80,000New contract, October 2014: AED 85,000 a yearRenewal, April 2018: AED 75,000 a yearRenewal, April 2019: AED 65,000 a yearNew contract, August 2022: AED 65,000 a yearNew contract, April 2023: AED 80,000 a yearNew contract, April 2024: AED 60,000 a yearNew contract, August 2024: AED 75,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Burj Lofts Central, and where L216 sits

All 7 studios →

L216 last sold in October 2012 at AED 1,069 per sqft, in line with what studios in Burj Lofts Central were fetching at the time (AED 1,069).

Recent studio salesUnit no.Price (AED)Summary
8 Dec 2014802,888
28 Nov 20131,250,000
31 Jul 20131,000,000
14 Mar 2013815,888
0 studio 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 2nd floor

All 321 units in Burj Lofts Central
Value
2011-bedAED 1.08M · Nov 2021
2022-bedAED 2M · Sep 2018
2032-bedAED 2.13M · Jan 2013
2041-bedAED 1.13M · May 2010
2051-bedAED 1.21M · Oct 2015
2061-bedAED 1.12M · Jun 2010
L2011-bedAED 539K · Apr 2011
1–7 of 62

L216, Burj Lofts Central in numbers

  • Sold once: by Emaar on 10 October 2012 for AED 822,888, or AED 1,069 per sqft.
  • Rented since October 2014 on 7 Ejari contracts. The rent fell from AED 85,000 to AED 60,000 in 2024 and recovered to AED 75,000 by August 2024.
  • At AED 75,000 a year the gross yield on the 2012 price is 9.1%, before a service charge of about AED 16,200 a year (AED 21.00 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 12 August 2024.

Questions about L216, Burj Lofts Central

What did unit L216 last sell for?

AED 822,888 on 10 October 2012, sold by the developer: AED 1,069 per sqft for 769 sqft. It is the only registered sale of the unit.

What is the rent for unit L216?

AED 75,000 a year on the contract signed on 12 August 2024. The previous contract, from April 2024, was AED 60,000; the unit has been rented since October 2014.

How big is unit L216?

769 sqft (71.4 sqm): a studio on the 2nd floor of a 26-storey tower completed in 2009.

What is unit L216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on L216, Burj Lofts Central

Starts from the last sale price (AED 823K, 10 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 822,888
Deposit, UAE resident (20%)
AED 164,578
Deposit, non-resident (40%)
AED 329,155
Monthly over 25 years at 3.7%
AED 3,367

Plus AED 39,572 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →