1-bed · 854 sqftThe Distinction, Downtown Dubai · 29th floor · completed 2016

2906A, The Distinction

Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2906A · DLD and Ejari recordsUpdated 15 October 2024
Last soldAED 1.46M21 May 2024
Current rentAED 100K /yr15 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2906A, The Distinction

What is 2906A worth today?

Last sold for AED 1,463,000 in 2024

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15 Oct 2024RentedNew contract
AED 100,000/yr12 months · AED 118 per sqft
21 May 2024SoldReady
AED 1,463,000AED 1,712 per sqft
2 Oct 2022RentedRenewal
AED 71,500/yr12 months · AED 84 per sqft
2 Oct 2021RentedRenewal
AED 65,000/yr12 months · AED 76 per sqft
2 Oct 2019RentedRenewal
AED 75,000/yr12 months · AED 88 per sqft
22 May 2017SoldReady
AED 2,100,000AED 2,458 per sqft
4 Apr 2013Sold by developerOff-plan
AED 2,367,000AED 2,771 per sqft

Source: Dubai Land Department. Updated 15 October 2024.

Key facts

Type
1-bed hotel apartment
Size
854 sqft
Floor
29th of 52
Parking
P3-40
Developer
DAMAC
Completed
2016
Last sold
AED 1.46M · May 2024

About 2906A, The Distinction

2906A is a one-bedroom hotel apartment of 854 sqft on the 29th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. It last sold on 21 May 2024 for AED 1,463,000, or AED 1,712 per sqft, 3% below the AED 1,771 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 15 October 2024, is AED 100,000 a year: a gross yield of 6.8% on the 2024 price.

Sales and rents for 2906A over time

Sales
Unit 2906A, each saleTypical one-bed in The Distinction
1M2M2012201620202024Typical sale price by year: 2012 AED 1,773,750; 2013 AED 1,997,950; 2014 AED 2,317,290; 2015 AED 2,376,000; 2016 AED 1,683,850; 2017 AED 1,750,000; 2018 AED 1,416,610; 2019 AED 1,400,000; 2020 AED 1,075,000; 2022 AED 1,205,000; 2023 AED 1,460,000; 2024 AED 1,402,894; 2025 AED 1,380,000Sold by developer, April 2013: AED 2,367,000 (AED 2,771 per sqft)Sold, May 2017: AED 2,100,000 (AED 2,458 per sqft)Sold, May 2024: AED 1,463,000 (AED 1,712 per sqft)

2906A has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2906A, each contractTypical one-bed in The Distinction
60K80K100K2017202020232026Typical rent by year: 2017 AED 100,000; 2018 AED 85,000; 2019 AED 75,000; 2020 AED 69,000; 2021 AED 65,000; 2022 AED 78,750; 2023 AED 90,000; 2024 AED 97,000; 2025 AED 100,000; 2026 AED 106,500Renewal, October 2019: AED 75,000 a yearRenewal, October 2021: AED 65,000 a yearRenewal, October 2022: AED 71,500 a yearNew contract, October 2024: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Distinction, and where 2906A sits

All 92 1-beds →

2906A last sold in May 2024 at AED 1,712 per sqft, 3% below what one-beds in The Distinction were fetching at the time (AED 1,771). Over the last 12 months one-beds sold for AED 1,550,000 to 1,800,960, around AED 1,849 per sqft, and rent for AED 80,000 to 110,000 a year. 2906A's AED 100,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Feb 20261,550,000
14 Apr 20251,050,000
6 Mar 20251,450,000
4 Feb 20251,270,000
2 1-bed sales in the last 12 months

The Distinction

Building

305 apartments, studios to 3-bed over 52 floors in Downtown Dubai, completed in 2016 by DAMAC. 5 sold in the last 12 months.

Typical price per sqft
AED 1,804
Typical sale
AED 1.8M
Typical rent
AED 143K /yr
Typical yield
6.7%
The Distinction, Downtown Dubai: prices, sales and rents →

Other units on the 29th floor

All 305 units in The Distinction
Value
29011-bedAED 2.06M · Apr 2013
29022-bedAED 3.4M · Apr 2013
29031-bedAED 2.3M · Apr 2013
29042-bedAED 3.11M · Apr 2013
29052-bedAED 3.6M · May 2013
29061-bedAED 2.3M · Dec 2013
29072-bedAED 3.28M · Dec 2016

2906A, The Distinction in numbers

  • Sold 3 times: first on 4 April 2013 for AED 2,367,000, last on 21 May 2024 for AED 1,463,000 (AED 1,712 per sqft).
  • Rented since October 2019 on 4 Ejari contracts. The rent fell from AED 75,000 to AED 65,000 in 2021 and recovered to AED 100,000 by October 2024.
  • At AED 100,000 a year the gross yield on the 2024 price is 6.8%.
  • One-beds in The Distinction sold for AED 1,550,000–1,800,960 in the 12 months to November 2026; the building's median across all types is AED 1,804 per sqft.

Source: Dubai Land Department. Updated 15 October 2024.

Questions about 2906A, The Distinction

What did unit 2906A last sell for?

AED 1,463,000 on 21 May 2024: AED 1,712 per sqft for 854 sqft. The unit has 3 registered sales; the first was AED 2,367,000 in April 2013.

What is the rent for unit 2906A?

AED 100,000 a year on the contract signed on 15 October 2024. The previous contract, from October 2022, was AED 71,500; the unit has been rented since October 2019.

How big is unit 2906A?

854 sqft (79.3 sqm): a one-bedroom hotel apartment on the 29th floor of a 52-storey tower completed in 2016.

What is unit 2906A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Distinction sold for AED 1,550,000 to 1,800,960 in the last 12 months, around AED 1,849 per sqft.

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Mortgage on 2906A, The Distinction

Starts from the last sale price (AED 1.46M, 21 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,463,000
Deposit, UAE resident (20%)
AED 292,600
Deposit, non-resident (40%)
AED 585,200
Monthly over 25 years at 3.7%
AED 5,986

Plus AED 66,456 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →