408, DT 1 Downtown
Sold prices and rental history: sold once, by the developer in June 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, DT 1 Downtown
What is 408 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 31 August 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,536 sqft
- Floor
- 4th of 16
- Parking
- P2-53; P2-54
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 43,900 /yr
- Last sold
- AED 4.27M · June 2021
- Building
- DT 1 Downtown
About 408, DT 1 Downtown
408 is a three-bedroom apartment of 2,536 sqft on the 4th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development. The developer sold it on 13 June 2021 for AED 4,271,277, or AED 1,683 per sqft, in line with the AED 1,683 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 31 August 2025, is AED 257,250 a year: a gross yield of 6.0% on the 2021 price, before the service charge of about AED 43,900 a year.
Sales and rents for 408 over time
408 has sold once; 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 408 sits
All 15 3-beds →408 last sold in June 2021 at AED 1,683 per sqft, in line with what three-beds in DT 1 Downtown were fetching at the time (AED 1,683).
| 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 | ||
| 10 Jan 202410 January 2024 | 2,536 sqft | 6,800,000 | 2,680 | ||
| 31 May 202331 May 2023 | 3,938 sqft | 7,000,000 | 1,777 |
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 4th floor
All 130 units in DT 1 Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 536 sqft | AED 1.1MAED 1,100,828 · Dec 2021December 2021 | 100,000 /yr | |
| 402 | 2-bed | 1,527 sqft | AED 3.06MAED 3,060,000 · Jul 2023July 2023 | ||
| 403 | 1-bed | 1,036 sqft | AED 1.87MAED 1,867,828 · Aug 2018August 2018 | 160,000 /yr | |
| 404 | 1-bed | 993 sqft | AED 2.18MAED 2,175,000 · May 2024May 2024 | 140,757 /yr | |
| 405 | 1-bed | 1,036 sqft | AED 2.3MAED 2,300,000 · Aug 2024August 2024 | 140,000 /yr | |
| 406 | 2-bed | 1,527 sqft | AED 3.8MAED 3,800,000 · Jun 2024June 2024 | 265,000 /yr | |
| 407 | Studio | 536 sqft | AED 1.25MAED 1,254,828 · Nov 2021November 2021 | ||
| 409 | 2-bed | 1,716 sqft | AED 2.5MAED 2,495,040 · Jul 2025July 2025 | 165,000 /yr | |
| 410 | 2-bed | 1,707 sqft | AED 2.87MAED 2,867,686 · Jun 2021June 2021 | 180,065 /yr |
408, DT 1 Downtown in numbers
- Sold once: by Ellington Properties Development on 13 June 2021 for AED 4,271,277, or AED 1,683 per sqft.
- Rented since August 2021 on 4 Ejari contracts, from AED 245,000 to AED 257,250 a year.
- At AED 257,250 a year the gross yield on the 2021 price is 6.0%, 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 31 August 2025.
Questions about 408, DT 1 Downtown
What did unit 408 last sell for?
AED 4,271,277 on 13 June 2021, sold by the developer: AED 1,683 per sqft for 2,536 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 257,250 a year on the contract renewed on 31 August 2025. The previous contract, from August 2024, was AED 257,250; the unit has been rented since August 2021.
How big is unit 408?
2,536 sqft (235.6 sqm): a three-bedroom apartment on the 4th floor of a 16-storey tower completed in 2020.
What is unit 408 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 408, DT 1 Downtown
Starts from the last sale price (AED 4.27M, 13 June 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 4,271,277
- Deposit, UAE resident (20%)
- AED 854,255
- Deposit, non-resident (40%)
- AED 1,708,511
- Monthly over 25 years at 3.7%
- AED 17,475
Plus AED 184,404 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →