38, The 118 (Downtown 118)
Sold prices and rental history: sold once, by the developer in March 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 38, The 118 (Downtown 118)
What is 38 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2024.
Key facts
- Type
- 4-bed apartment
- Size
- 6,651 sqft
- Floor
- 38th of 43
- Parking
- P2-38-1 TO P2-38-3
- Developer
- Signature DT Real Estate Development
- Completed
- 2016
- Service charge
- AED 247,500 /yr
- Last sold
- AED 24.7M · March 2024
- Building
- The 118 (Downtown 118)
About 38, The 118 (Downtown 118)
38 is a four-bedroom apartment of 6,651 sqft on the 38th 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 1 March 2024 for AED 24,700,000, or AED 3,713 per sqft, 9% above the AED 3,421 four-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 1 September 2024, is AED 1,600,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 247,500 a year.
Sales and rents for 38 over time
38 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 38 sits
All 22 4-beds →38 last sold in March 2024 at AED 3,713 per sqft, 9% above what four-beds in The 118 (Downtown 118) were fetching at the time (AED 3,421).
| 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
38, The 118 (Downtown 118) in numbers
- Sold once: by Signature DT Real Estate Development on 1 March 2024 for AED 24,700,000, or AED 3,713 per sqft.
- Rented since October 2020 on 3 Ejari contracts, from AED 675,000 to AED 1,600,000 a year.
- At AED 1,600,000 a year the gross yield on the 2024 price is 6.5%, 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 1 September 2024.
Questions about 38, The 118 (Downtown 118)
What did unit 38 last sell for?
AED 24,700,000 on 1 March 2024, sold by the developer: AED 3,713 per sqft for 6,651 sqft. It is the only registered sale of the unit.
What is the rent for unit 38?
AED 1,600,000 a year on the contract signed on 1 September 2024. The previous contract, from October 2021, was AED 749,463; the unit has been rented since October 2020.
How big is unit 38?
6,651 sqft (617.9 sqm): a four-bedroom apartment on the 38th floor of a 43-storey tower completed in 2016.
What is unit 38 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 38, The 118 (Downtown 118)
Starts from the last sale price (AED 24.7M, 1 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 24,700,000
- Deposit, UAE resident (20%)
- AED 4,940,000
- Deposit, non-resident (40%)
- AED 9,880,000
- Monthly over 25 years at 3.7%
- AED 101,055
Plus AED 1,042,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →