1408, DT 1 Downtown
Sold prices and rental history: sold 3 times, last in January 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, DT 1 Downtown
What is 1408 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 10 January 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,536 sqft
- Floor
- 14th of 16
- Parking
- P1-32; P1-33
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 43,900 /yr
- Last sold
- AED 6.8M · January 2024
- Building
- DT 1 Downtown
About 1408, DT 1 Downtown
1408 is a three-bedroom apartment of 2,536 sqft on the 14th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development. It last sold on 10 January 2024 for AED 6,800,000, or AED 2,680 per sqft.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 20 August 2022, is AED 280,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 43,900 a year.
Sales and rents for 1408 over time
1408 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in DT 1 Downtown, and where 1408 sits
All 15 3-beds →| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Jun 202526 June 2025 | 2,536 sqft | 4,417,785 | 1,741 | ||
| 12 Jun 202512 June 2025 | 2,536 sqft | 5,000,000 | 1,971 | ||
| 31 May 202331 May 2023 | 3,938 sqft | 7,000,000 | 1,777 | ||
| 4 Oct 20224 October 2022 | 2,536 sqft | 4,271,277 | 1,683 |
DT 1 Downtown
Building130 apartments, studios to 4-bed over 16 floors in Downtown Dubai, completed in 2020 by Ellington Properties Development. 1 sold in the last 12 months.
- Typical price per sqft
- AED 25
- Typical sale
- AED 14K
- Typical rent
- AED 102K /yr
- Typical yield
- 672.1%
Other units on the 14th floor
All 130 units in DT 1 Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | Studio | 536 sqft | AED 1MAED 1,001,000 · Mar 2021March 2021 | 90,000 /yr | |
| 1402 | 2-bed | 1,527 sqft | AED 3MAED 3,000,000 · Apr 2024April 2024 | ||
| 1403 | 1-bed | 1,036 sqft | AED 1.82MAED 1,815,828 · Oct 2018October 2018 | 165,000 /yr | |
| 1404 | 1-bed | 993 sqft | AED 1.68MAED 1,677,950 · Jun 2021June 2021 | 125,000 /yr | |
| 1405 | 1-bed | 1,036 sqft | AED 1.67MAED 1,670,000 · Dec 2021December 2021 | 160,000 /yr | |
| 1406 | 2-bed | 1,527 sqft | AED 2.82MAED 2,820,828 · Jun 2018June 2018 | 246,814 /yr | |
| 1407 | Studio | 536 sqft | AED 1.22MAED 1,216,828 · Nov 2021November 2021 | ||
| 1409 | 2-bed | 1,716 sqft | AED 3.3MAED 3,298,828 · Oct 2021October 2021 | 315,000 /yr | |
| 1410 | 2-bed | 1,707 sqft | AED 3.13MAED 3,125,828 · Sep 2018September 2018 | 181,500 /yr |
1408, DT 1 Downtown in numbers
- Sold 3 times: first on 13 April 2021 for AED 4,340,065, last on 10 January 2024 for AED 6,800,000 (AED 2,680 per sqft).
- Rented since March 2021 on 2 Ejari contracts, from AED 200,000 to AED 280,000 a year.
- At AED 280,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 43,900 a year (AED 17.30 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 10 January 2024.
Questions about 1408, DT 1 Downtown
What did unit 1408 last sell for?
AED 6,800,000 on 10 January 2024: AED 2,680 per sqft for 2,536 sqft. The unit has 3 registered sales; the first was AED 4,340,065 in April 2021.
What is the rent for unit 1408?
AED 280,000 a year on the contract signed on 20 August 2022. The previous contract, from March 2021, was AED 200,000.
How big is unit 1408?
2,536 sqft (235.6 sqm): a three-bedroom apartment on the 14th floor of a 16-storey tower completed in 2020.
What is unit 1408 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 1408, DT 1 Downtown
Starts from the last sale price (AED 6.8M, 10 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 6,800,000
- Deposit, UAE resident (20%)
- AED 1,360,000
- Deposit, non-resident (40%)
- AED 2,720,000
- Monthly over 25 years at 3.7%
- AED 27,821
Plus AED 290,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →