2-bed · 1,112 sqftDowntown Views 2 - Tower 1, Downtown Dubai · 12th floor · completed 2022

1208, Downtown Views 2 - Tower 1

Sold prices and rental history: sold once, by the developer in July 2019, and rented once, from September 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1208 · DLD and Ejari recordsUpdated 15 September 2024
Last soldAED 2.27M28 July 2019
Current rentAED 145K /yr15 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1208, Downtown Views 2 - Tower 1

What is 1208 worth today?

Last sold for AED 2,265,888 in 2019

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15 Sep 2024RentedRenewal
AED 145,000/yr12 months · AED 131 per sqft
28 Jul 2019Sold by developerOff-plan
AED 2,265,888AED 2,037 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2024.

Key facts

Type
2-bed apartment
Size
1,112 sqft
Floor
12th of 62
Parking
1
Developer
Emaar
Completed
2022
Last sold
AED 2.27M · July 2019

About 1208, Downtown Views 2 - Tower 1

1208 is a two-bedroom apartment of 1,112 sqft on the 12th floor of Downtown Views 2 - Tower 1, a 62-storey tower in Downtown Dubai completed in 2022 by Emaar. The developer sold it on 28 July 2019 for AED 2,265,888, or AED 2,037 per sqft, 20% above the AED 1,697 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 September 2024. The current contract, renewed on 15 September 2024, is AED 145,000 a year: a gross yield of 6.4% on the 2019 price.

Sales and rents for 1208 over time

Sales
Unit 1208, each saleTypical two-bed in Downtown Views 2 - Tower 1
2M2.5M3M2017202020232026Typical sale price by year: 2017 AED 2,209,888; 2018 AED 2,133,799; 2019 AED 2,137,888; 2020 AED 2,310,388; 2021 AED 2,568,888; 2022 AED 2,250,000; 2023 AED 2,500,000; 2024 AED 2,912,500; 2025 AED 3,210,000Sold by developer, July 2019: AED 2,265,888 (AED 2,037 per sqft)

1208 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1208, each contractTypical two-bed in Downtown Views 2 - Tower 1
140K160K180K2024202520262027Typical rent by year: 2024 AED 168,750; 2025 AED 175,000; 2026 AED 177,500Renewal, September 2024: AED 145,000 a year

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

2-beds in Downtown Views 2 - Tower 1, and where 1208 sits

All 247 2-beds →

1208 last sold in July 2019 at AED 2,037 per sqft, 20% above what two-beds in Downtown Views 2 - Tower 1 were fetching at the time (AED 1,697). Over the last 12 months two-beds sold for AED 2,900,000 to 3,300,000, around AED 2,739 per sqft, and rent for AED 155,000 to 210,000 a year. 1208's AED 145,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jan 20263,300,000
29 Dec 20252,900,000
28 Jul 20253,150,000
15 Jul 20253,550,000
3 2-bed sales in the last 12 months

Downtown Views 2 - Tower 1

Building

575 apartments, 1-bed to 4-bed over 62 floors in Downtown Dubai, completed in 2022 by Emaar. 9 sold in the last 12 months.

Typical price per sqft
AED 2,843
Typical sale
AED 3.2M
Typical rent
AED 170K /yr
Typical yield
5.6%
Downtown Views 2 - Tower 1, Downtown Dubai: prices, sales and rents →

Other units on the 12th floor

All 575 units in Downtown Views 2 - Tower 1
Value
12012-bedAED 2.6M · Mar 2024
12021-bedAED 1.29M · Feb 2017
12031-bedAED 1.63M · Jan 2023
12042-bedAED 1.88M · Mar 2017
12053-bedAED 4.5M · Oct 2024
12062-bedAED 2.3M · Mar 2017
12072-bedAED 2.22M · Feb 2017
1–7 of 9

1208, Downtown Views 2 - Tower 1 in numbers

  • Sold once: by Emaar on 28 July 2019 for AED 2,265,888, or AED 2,037 per sqft.
  • Rented since September 2024 on one Ejari contract, at AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2019 price is 6.4%.
  • Two-beds in Downtown Views 2 - Tower 1 sold for AED 2,900,000–3,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,843 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2024.

Questions about 1208, Downtown Views 2 - Tower 1

What did unit 1208 last sell for?

AED 2,265,888 on 28 July 2019, sold by the developer: AED 2,037 per sqft for 1,112 sqft. It is the only registered sale of the unit.

What is the rent for unit 1208?

AED 145,000 a year on the contract renewed on 15 September 2024.

How big is unit 1208?

1,112 sqft (103.3 sqm): a two-bedroom apartment on the 12th floor of a 62-storey tower completed in 2022.

What is unit 1208 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Downtown Views 2 - Tower 1 sold for AED 2,900,000 to 3,300,000 in the last 12 months, around AED 2,739 per sqft.

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Mortgage on 1208, Downtown Views 2 - Tower 1

Starts from the last sale price (AED 2.27M, 28 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,265,888
Deposit, UAE resident (20%)
AED 453,178
Deposit, non-resident (40%)
AED 906,355
Monthly over 25 years at 3.7%
AED 9,270

Plus AED 100,178 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →