Home
Dubai prices
About
Research
1-bed · 917 sqftThe Distinction, Downtown Dubai · 7th floor · completed 2016

703, The Distinction

Sold prices and rental history: sold 3 times, last in August 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 19 August 2022
Last soldAED 1.38M19 August 2022
Current rentAED 60K /yr27 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 703

Property timeline for 703, The Distinction

What is 703 worth today?

Last sold for AED 1,375,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

19 Aug 2022SoldReady
AED 1,375,000AED 1,500 per sqft
27 Sep 2021RentedNew contract
AED 60,000/yr12 months · AED 66 per sqft
25 Sep 2017RentedNew contract
AED 100,000/yr12 months · AED 109 per sqft
23 May 2016SoldOff-plan
AED 1,967,700AED 2,146 per sqft
15 Apr 2013Sold by developerOff-plan
AED 1,967,700AED 2,146 per sqft

Source: Dubai Land Department. Updated 19 August 2022.

Key facts

Type
1-bed hotel apartment
Size
917 sqft
Floor
7th of 52
Parking
P1-03
Developer
DAMAC
Completed
2016
Last sold
AED 1.38M · August 2022
Building
The Distinction

About 703, The Distinction

703 is a one-bedroom hotel apartment of 917 sqft on the 7th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. It last sold on 19 August 2022 for AED 1,375,000, or AED 1,500 per sqft, in line with the AED 1,473 one-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 27 September 2021, is AED 60,000 a year: a gross yield of 4.4% on the 2022 price.

Sales and rents for 703 over time

Sales
Unit 703, 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 1,967,700 (AED 2,146 per sqft)Sold, May 2016: AED 1,967,700 (AED 2,146 per sqft)Sold, August 2022: AED 1,375,000 (AED 1,500 per sqft)

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

Rents
Unit 703, each contractTypical one-bed in The Distinction
75K100K2017202020232026Typical 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 106,500New contract, September 2017: AED 100,000 a yearNew contract, September 2021: AED 60,000 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 703 sits

All 92 1-beds →

703 last sold in August 2022 at AED 1,500 per sqft, in line with what one-beds in The Distinction were fetching at the time (AED 1,473). 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. 703's AED 60,000 is at the bottom 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 7th floor

All 305 units in The Distinction
Value
7011-bedAED 1.05M · Apr 2025
7022-bedAED 3.09M · Dec 2014
7042-bedAED 2.1M · May 2025
7051-bedAED 800K · Feb 2021
706StudioAED 1.42M · Jul 2014
7073-bedAED 4.08M · Apr 2017
703A2-bedAED 2.89M · Apr 2013

703, The Distinction in numbers

  • Sold 3 times: first on 15 April 2013 for AED 1,967,700, last on 19 August 2022 for AED 1,375,000 (AED 1,500 per sqft).
  • Rented since September 2017 on 2 Ejari contracts, from AED 100,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2022 price is 4.4%.
  • 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 19 August 2022.

Questions about 703, The Distinction

What did unit 703 last sell for?

AED 1,375,000 on 19 August 2022: AED 1,500 per sqft for 917 sqft. The unit has 3 registered sales; the first was AED 1,967,700 in April 2013.

What is the rent for unit 703?

AED 60,000 a year on the contract signed on 27 September 2021. The previous contract, from September 2017, was AED 100,000.

How big is unit 703?

917 sqft (85.2 sqm): a one-bedroom hotel apartment on the 7th floor of a 52-storey tower completed in 2016.

What is unit 703 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.

Selling 703? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 703, The Distinction

Starts from the last sale price (AED 1.38M, 19 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,375,000
Deposit, UAE resident (20%)
AED 275,000
Deposit, non-resident (40%)
AED 550,000
Monthly over 25 years at 3.7%
AED 5,626

Plus AED 62,760 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →