39, The 118 (Downtown 118)
Sold prices and rental history: sold 3 times, last in March 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 39, The 118 (Downtown 118)
What is 39 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 17 March 2023.
Key facts
- Type
- Apartment
- Size
- 6,651 sqft
- Floor
- 39th of 43
- Parking
- P1-39-1 TO P1-39-3
- Developer
- Signature DT Real Estate Development
- Completed
- 2016
- Service charge
- AED 247,500 /yr
- Last sold
- AED 22M · March 2023
- Building
- The 118 (Downtown 118)
About 39, The 118 (Downtown 118)
39 is an apartment of 6,651 sqft on the 39th floor of The 118 (Downtown 118), a 43-storey tower in Downtown Dubai completed in 2016 by Signature DT Real Estate Development. It last sold on 17 March 2023 for AED 22,000,000, or AED 3,308 per sqft.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 October 2021, is AED 900,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 247,500 a year.
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
39, The 118 (Downtown 118) in numbers
- Sold 3 times: first on 6 September 2015 for AED 20,000,000, last on 17 March 2023 for AED 22,000,000 (AED 3,308 per sqft).
- Rented since August 2019 on 2 Ejari contracts, from AED 1,200,000 to AED 900,000 a year.
- At AED 900,000 a year the gross yield on the 2023 price is 4.1%, 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 17 March 2023.
Questions about 39, The 118 (Downtown 118)
What did unit 39 last sell for?
AED 22,000,000 on 17 March 2023: AED 3,308 per sqft for 6,651 sqft. The unit has 3 registered sales; the first was AED 20,000,000 in September 2015.
What is the rent for unit 39?
AED 900,000 a year on the contract signed on 1 October 2021. The previous contract, from August 2019, was AED 1,200,000.
How big is unit 39?
6,651 sqft (617.9 sqm): an apartment on the 39th floor of a 43-storey tower completed in 2016.
What is unit 39 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 39, The 118 (Downtown 118)
Starts from the last sale price (AED 22M, 17 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 22,000,000
- Deposit, UAE resident (20%)
- AED 4,400,000
- Deposit, non-resident (40%)
- AED 8,800,000
- Monthly over 25 years at 3.7%
- AED 90,009
Plus AED 929,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →