29, The 118 (Downtown 118)
Sold prices and rental history: sold once, by the developer in May 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 29, The 118 (Downtown 118)
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Source: YallaValue analysis of Dubai Land Department records. Updated 29 May 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 6,651 sqft
- Floor
- 29th of 43
- Parking
- P3-29-1 TO P3-29-3
- Developer
- Signature DT Real Estate Development
- Completed
- 2016
- Service charge
- AED 247,500 /yr
- Last sold
- AED 23M · May 2023
- Building
- The 118 (Downtown 118)
About 29, The 118 (Downtown 118)
29 is a four-bedroom apartment of 6,651 sqft on the 29th 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 29 May 2023 for AED 23,000,000, or AED 3,458 per sqft, 5% above the AED 3,308 four-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 1 July 2022, is AED 725,000 a year: a gross yield of 3.1% on the 2023 price, before the service charge of about AED 247,500 a year.
Sales and rents for 29 over time
29 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 29 sits
All 22 4-beds →29 last sold in May 2023 at AED 3,458 per sqft, 5% above 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
29, The 118 (Downtown 118) in numbers
- Sold once: by Signature DT Real Estate Development on 29 May 2023 for AED 23,000,000, or AED 3,458 per sqft.
- Rented since March 2020 on 2 Ejari contracts, from AED 600,000 to AED 725,000 a year.
- At AED 725,000 a year the gross yield on the 2023 price is 3.1%, 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 29 May 2023.
Questions about 29, The 118 (Downtown 118)
What did unit 29 last sell for?
AED 23,000,000 on 29 May 2023, sold by the developer: AED 3,458 per sqft for 6,651 sqft. It is the only registered sale of the unit.
What is the rent for unit 29?
AED 725,000 a year on the contract renewed on 1 July 2022. The previous contract, from March 2020, was AED 600,000.
How big is unit 29?
6,651 sqft (617.9 sqm): a four-bedroom apartment on the 29th floor of a 43-storey tower completed in 2016.
What is unit 29 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 29, The 118 (Downtown 118)
Starts from the last sale price (AED 23M, 29 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 23,000,000
- Deposit, UAE resident (20%)
- AED 4,600,000
- Deposit, non-resident (40%)
- AED 9,200,000
- Monthly over 25 years at 3.7%
- AED 94,100
Plus AED 971,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →