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2-bed · 1,239 sqftThe Distinction, Downtown Dubai · 7th floor · completed 2016

703A, The Distinction

Sold prices and rental history: sold once, by the developer in April 2013, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703A · DLD and Ejari recordsUpdated 5 August 2024
Last soldAED 2.89M4 April 2013
Current rentAED 150K /yr5 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703A, The Distinction

What is 703A worth today?

Last sold for AED 2,885,190 in 2013

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5 Aug 2024RentedNew contract
AED 150,000/yr12 months · AED 121 per sqft
5 Apr 2022RentedNew contract
AED 130,000/yr12 months · AED 105 per sqft
4 Apr 2013Sold by developerOff-plan
AED 2,885,190AED 2,329 per sqft

Source: Dubai Land Department. Updated 5 August 2024.

Key facts

Type
2-bed hotel apartment
Size
1,239 sqft
Floor
7th of 52
Parking
P1-04
Developer
DAMAC
Completed
2016
Last sold
AED 2.89M · April 2013
Building
The Distinction

About 703A, The Distinction

703A is a two-bedroom hotel apartment of 1,239 sqft on the 7th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. The developer sold it on 4 April 2013 for AED 2,885,190, or AED 2,329 per sqft, in line with the AED 2,313 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 5 August 2024, is AED 150,000 a year: a gross yield of 5.2% on the 2013 price.

Sales and rents for 703A over time

Sales
Unit 703A, each saleTypical two-bed in The Distinction
2M4M2012201620202024Typical sale price by year: 2012 AED 2,678,900; 2013 AED 3,315,200; 2014 AED 3,662,400; 2015 AED 4,023,963; 2016 AED 3,362,850; 2017 AED 3,255,000; 2018 AED 2,544,525; 2019 AED 3,000,000; 2020 AED 1,800,000; 2021 AED 1,600,000; 2022 AED 1,920,800; 2023 AED 2,487,300; 2024 AED 2,349,000; 2025 AED 2,167,193Sold by developer, April 2013: AED 2,885,190 (AED 2,329 per sqft)

703A has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 703A, each contractTypical two-bed in The Distinction
100K150K2017202020232026Typical rent by year: 2017 AED 147,500; 2018 AED 130,000; 2019 AED 115,000; 2020 AED 100,000; 2021 AED 95,500; 2022 AED 115,000; 2023 AED 140,000; 2024 AED 150,000; 2025 AED 150,000; 2026 AED 155,000New contract, April 2022: AED 130,000 a yearNew contract, August 2024: AED 150,000 a year

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

2-beds in The Distinction, and where 703A sits

All 124 2-beds →

703A last sold in April 2013 at AED 2,329 per sqft, in line with what two-beds in The Distinction were fetching at the time (AED 2,313). Over the last 12 months two-beds sold for AED 2,350,000, around AED 1,647 per sqft, and rent for AED 130,000 to 230,000 a year. 703A's AED 150,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Jul 20252,234,386
28 May 20252,100,000
17 Mar 20252,043,525
16 Jan 20252,600,000
1 2-bed sale 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
7031-bedAED 1.38M · Aug 2022
7042-bedAED 2.1M · May 2025
7051-bedAED 800K · Feb 2021
706StudioAED 1.42M · Jul 2014
7073-bedAED 4.08M · Apr 2017

703A, The Distinction in numbers

  • Sold once: by DAMAC on 4 April 2013 for AED 2,885,190, or AED 2,329 per sqft.
  • Rented since April 2022 on 2 Ejari contracts, from AED 130,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2013 price is 5.2%.
  • Two-beds in The Distinction sold for AED 2,350,000–2,350,000 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 5 August 2024.

Questions about 703A, The Distinction

What did unit 703A last sell for?

AED 2,885,190 on 4 April 2013, sold by the developer: AED 2,329 per sqft for 1,239 sqft. It is the only registered sale of the unit.

What is the rent for unit 703A?

AED 150,000 a year on the contract signed on 5 August 2024. The previous contract, from April 2022, was AED 130,000.

How big is unit 703A?

1,239 sqft (115.1 sqm): a two-bedroom hotel apartment on the 7th floor of a 52-storey tower completed in 2016.

What is unit 703A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Distinction sold for AED 2,350,000 to 2,350,000 in the last 12 months, around AED 1,647 per sqft.

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Mortgage on 703A, The Distinction

Starts from the last sale price (AED 2.89M, 4 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,885,190
Deposit, UAE resident (20%)
AED 577,038
Deposit, non-resident (40%)
AED 1,154,076
Monthly over 25 years at 3.7%
AED 11,804

Plus AED 126,188 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →