23, The 118 (Downtown 118)
Sold prices and rental history: sold once, by the developer in July 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 23, The 118 (Downtown 118)
What is 23 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 6 July 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 6,651 sqft
- Floor
- 23rd of 43
- Parking
- P3-23-1 TO P3-23-3
- Developer
- Signature DT Real Estate Development
- Completed
- 2016
- Service charge
- AED 247,500 /yr
- Last sold
- AED 21.8M · July 2023
- Building
- The 118 (Downtown 118)
About 23, The 118 (Downtown 118)
23 is a four-bedroom apartment of 6,651 sqft on the 23rd floor of The 118 (Downtown 118), a 43-storey tower in Downtown Dubai completed in 2016 by Signature DT Real Estate Development. The developer sold it on 6 July 2023 for AED 21,800,000, or AED 3,277 per sqft, in line with the AED 3,308 four-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 25 July 2020, is AED 550,000 a year: a gross yield of 2.5% on the 2023 price, before the service charge of about AED 247,500 a year.
Sales and rents for 23 over time
23 has sold once; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in The 118 (Downtown 118), and where 23 sits
All 22 4-beds →23 last sold in July 2023 at AED 3,277 per sqft, in line with what four-beds in The 118 (Downtown 118) were fetching at the time (AED 3,308).
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202524 July 2025 | 2,195 sqft | 7,425,000 | 3,383 | ||
| 20 Feb 202520 February 2025 | 6,651 sqft | 25,000,000 | 3,759 | ||
| 12 Dec 202412 December 2024 | 6,650 sqft | 30,760,000 | 4,625 | ||
| 28 Aug 202428 August 2024 | 6,651 sqft | 26,000,000 | 3,909 |
The 118 (Downtown 118)
Building28 apartments, 4-bed to 6-bed over 43 floors in Downtown Dubai, completed in 2016 by Signature DT Real Estate Development. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- Few contracts
- Typical yield
23, The 118 (Downtown 118) in numbers
- Sold once: by Signature DT Real Estate Development on 6 July 2023 for AED 21,800,000, or AED 3,277 per sqft.
- Rented since July 2019 on 2 Ejari contracts, at AED 550,000 a year.
- At AED 550,000 a year the gross yield on the 2023 price is 2.5%, before a service charge of about AED 247,500 a year (AED 37.22 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 6 July 2023.
Questions about 23, The 118 (Downtown 118)
What did unit 23 last sell for?
AED 21,800,000 on 6 July 2023, sold by the developer: AED 3,277 per sqft for 6,651 sqft. It is the only registered sale of the unit.
What is the rent for unit 23?
AED 550,000 a year on the contract renewed on 25 July 2020. The previous contract, from July 2019, was AED 550,000.
How big is unit 23?
6,651 sqft (617.9 sqm): a four-bedroom apartment on the 23rd floor of a 43-storey tower completed in 2016.
What is unit 23 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 23, The 118 (Downtown 118)
Starts from the last sale price (AED 21.8M, 6 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 21,800,000
- Deposit, UAE resident (20%)
- AED 4,360,000
- Deposit, non-resident (40%)
- AED 8,720,000
- Monthly over 25 years at 3.7%
- AED 89,191
Plus AED 920,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →