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4-bed · 6,651 sqftThe 118 (Downtown 118), Downtown Dubai · 24th floor · completed 2016

24, The 118 (Downtown 118)

Sold prices and rental history: sold once, by the developer in February 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 24 · DLD and Ejari recordsUpdated 20 February 2025
Last soldAED 25M20 February 2025
Current rentAED 1.5M /yr1 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 24, The 118 (Downtown 118)

What is 24 worth today?

Last sold for AED 25,000,000 in 2025

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20 Feb 2025Sold by developerReady
AED 25,000,000AED 3,759 per sqft
1 Feb 2025RentedNew contract
AED 1,500,000/yr24 months · AED 225 per sqft
11 Sep 2023RentedNew contract
AED 2,500,000/yr12 months · AED 376 per sqft
1 Apr 2023RentedRenewal
AED 1,020,000/yr2 months · AED 153 per sqft
1 Apr 2022RentedRenewal
AED 950,000/yr12 months · AED 143 per sqft
1 Apr 2021RentedNew contract
AED 900,000/yr12 months · AED 135 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 February 2025.

Key facts

Type
4-bed apartment
Size
6,651 sqft
Floor
24th of 43
Parking
P3-24-1 TO P3-24-3
Developer
Signature DT Real Estate Development
Completed
2016
Service charge
AED 247,500 /yr
Last sold
AED 25M · February 2025
Building
The 118 (Downtown 118)

About 24, The 118 (Downtown 118)

24 is a four-bedroom apartment of 6,651 sqft on the 24th 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 20 February 2025 for AED 25,000,000, or AED 3,759 per sqft, in line with the AED 3,736 four-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 1 February 2025, is AED 1,500,000 a year: a gross yield of 6.0% on the 2025 price, before the service charge of about AED 247,500 a year.

Sales and rents for 24 over time

Sales
Unit 24, each saleTypical four-bed in The 118 (Downtown 118)
20M22.5M25M2015201820212024Typical sale price by year: 2015 AED 20,397,500; 2022 AED 22,450,000; 2023 AED 22,000,000; 2024 AED 24,350,000Sold by developer, February 2025: AED 25,000,000 (AED 3,759 per sqft)

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

Rents
Unit 24, each contractTypical four-bed in The 118 (Downtown 118)
1M2M2019202120232025Typical rent by year: 2019 AED 555,000; 2020 AED 625,000; 2021 AED 690,000; 2022 AED 750,000; 2023 AED 925,000; 2024 AED 1,350,000; 2025 AED 1,750,000New contract, April 2021: AED 900,000 a yearRenewal, April 2022: AED 950,000 a yearRenewal, April 2023: AED 1,020,000 a yearNew contract, September 2023: AED 2,500,000 a yearNew contract, February 2025: AED 1,500,000 a year

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 24 sits

All 22 4-beds →

24 last sold in February 2025 at AED 3,759 per sqft, in line with what four-beds in The 118 (Downtown 118) were fetching at the time (AED 3,736).

Recent 4-bed salesUnit no.Price (AED)Summary
24 Jul 20257,425,000
12 Dec 202430,760,000
28 Aug 202426,000,000
4 Jul 202423,500,000
0 4-bed sales in the last 12 months

The 118 (Downtown 118)

Building

28 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
The 118 (Downtown 118), Downtown Dubai: prices, sales and rents →

24, The 118 (Downtown 118) in numbers

  • Sold once: by Signature DT Real Estate Development on 20 February 2025 for AED 25,000,000, or AED 3,759 per sqft.
  • Rented since April 2021 on 5 Ejari contracts, from AED 900,000 to AED 1,500,000 a year.
  • At AED 1,500,000 a year the gross yield on the 2025 price is 6.0%, 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 20 February 2025.

Questions about 24, The 118 (Downtown 118)

What did unit 24 last sell for?

AED 25,000,000 on 20 February 2025, sold by the developer: AED 3,759 per sqft for 6,651 sqft. It is the only registered sale of the unit.

What is the rent for unit 24?

AED 1,500,000 a year on the contract signed on 1 February 2025. The previous contract, from September 2023, was AED 2,500,000; the unit has been rented since April 2021.

How big is unit 24?

6,651 sqft (617.9 sqm): a four-bedroom apartment on the 24th floor of a 43-storey tower completed in 2016.

What is unit 24 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 24, The 118 (Downtown 118)

Starts from the last sale price (AED 25M, 20 February 2025). Switch to today's estimate once you have unlocked it.
Price
AED 25,000,000
Deposit, UAE resident (20%)
AED 5,000,000
Deposit, non-resident (40%)
AED 10,000,000
Monthly over 25 years at 3.7%
AED 102,283

Plus AED 1,055,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →