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1-bed · 693 sqftBurj Lofts Central, Downtown Dubai · 2nd floor · completed 2009

L251, Burj Lofts Central

Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L251 · DLD and Ejari recordsUpdated 1 June 2020
Last soldAED 827K9 June 2010
Current rentAED 60K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for L251, Burj Lofts Central

What is L251 worth today?

Last sold for AED 826,888 in 2010

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1 Jun 2020RentedRenewal
AED 60,000/yr12 months · AED 87 per sqft
1 Jun 2019RentedRenewal
AED 70,000/yr12 months · AED 102 per sqft
1 Jun 2018RentedNew contract
AED 82,000/yr12 months · AED 119 per sqft
7 May 2015RentedNew contract
AED 94,500/yr12 months · AED 137 per sqft
7 May 2014RentedNew contract
AED 90,000/yr12 months · AED 131 per sqft
30 Mar 2013RentedNew contract
AED 63,000/yr12 months · AED 89 per sqft
9 Jun 2010Sold by developerReady
AED 826,888AED 1,193 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 June 2020.

Key facts

Type
1-bed apartment
Size
693 sqft
Floor
2nd of 26
Parking
B3 - 3165
Developer
Emaar
Completed
2009
Service charge
AED 14,500 /yr
Last sold
AED 827K · June 2010
Building
Burj Lofts Central

About L251, Burj Lofts Central

L251 is a one-bedroom apartment of 693 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 9 June 2010 for AED 826,888, or AED 1,193 per sqft, in line with the AED 1,215 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 June 2020, is AED 60,000 a year: a gross yield of 7.3% on the 2010 price, before the service charge of about AED 14,500 a year.

Sales and rents for L251 over time

Sales
Unit L251, 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 826,888 (AED 1,193 per sqft)

L251 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit L251, each contractTypical one-bed in Burj Lofts Central
75K100K2012201620202024Typical 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, March 2013: AED 63,000 a yearNew contract, May 2014: AED 90,000 a yearNew contract, May 2015: AED 94,500 a yearNew contract, June 2018: AED 82,000 a yearRenewal, June 2019: AED 70,000 a yearRenewal, June 2020: AED 60,000 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 L251 sits

All 226 1-beds →

L251 last sold in June 2010 at AED 1,193 per sqft, in line with what one-beds in Burj Lofts Central were fetching at the time (AED 1,215). 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. L251's AED 60,000 is at the bottom 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 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

L251, Burj Lofts Central in numbers

  • Sold once: by Emaar on 9 June 2010 for AED 826,888, or AED 1,193 per sqft.
  • Rented since March 2013 on 6 Ejari contracts, from AED 63,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2010 price is 7.3%, before a service charge of about AED 14,500 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 June 2020.

Questions about L251, Burj Lofts Central

What did unit L251 last sell for?

AED 826,888 on 9 June 2010, sold by the developer: AED 1,193 per sqft for 693 sqft. It is the only registered sale of the unit.

What is the rent for unit L251?

AED 60,000 a year on the contract renewed on 1 June 2020. The previous contract, from June 2019, was AED 70,000; the unit has been rented since March 2013.

How big is unit L251?

693 sqft (64.4 sqm): a one-bedroom apartment on the 2nd floor of a 26-storey tower completed in 2009.

What is unit L251 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 L251, Burj Lofts Central

Starts from the last sale price (AED 827K, 9 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 826,888
Deposit, UAE resident (20%)
AED 165,378
Deposit, non-resident (40%)
AED 330,755
Monthly over 25 years at 3.7%
AED 3,383

Plus AED 39,740 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →