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2-bed · 1,142 sqftUpper Crest, Downtown Dubai · 12th floor · completed 2015

1201, Upper Crest

Sold prices and rental history: sold once, by the developer in May 2012, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 10 May 2025
Last soldAED 1.91M3 May 2012
Current rentAED 120K /yr10 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1201, Upper Crest

What is 1201 worth today?

Last sold for AED 1,910,700 in 2012

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10 May 2025RentedNew contract
AED 120,000/yr12 months · AED 105 per sqft
15 Apr 2024RentedRenewal
AED 110,000/yr12 months · AED 96 per sqft
10 Apr 2023RentedNew contract
AED 100,000/yr12 months · AED 88 per sqft
15 Apr 2022RentedNew contract
AED 90,000/yr12 months · AED 79 per sqft
20 Feb 2022RentedRenewal
AED 60,000/yr1 months · AED 53 per sqft
20 Feb 2021RentedNew contract
AED 65,000/yr12 months · AED 57 per sqft
10 Nov 2019RentedNew contract
AED 90,000/yr12 months · AED 79 per sqft
2 Feb 2019RentedNew contract
AED 95,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 10 May 2025.

Key facts

Type
2-bed hotel apartment
Size
1,142 sqft
Floor
12th of 43
Parking
P2-03
Developer
DAMAC
Completed
2015
Last sold
AED 1.91M · May 2012
Building
Upper Crest

About 1201, Upper Crest

1201 is a two-bedroom hotel apartment of 1,142 sqft on the 12th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. The developer sold it on 3 May 2012 for AED 1,910,700, or AED 1,673 per sqft, in line with the AED 1,671 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 10 May 2025, is AED 120,000 a year: a gross yield of 6.3% on the 2012 price.

Sales and rents for 1201 over time

Sales
Unit 1201, each saleTypical two-bed in Upper Crest
1M2M3M2012201620202024Typical sale price by year: 2012 AED 2,069,100; 2013 AED 2,853,525; 2014 AED 2,846,250; 2016 AED 3,100,000; 2018 AED 1,630,000; 2021 AED 1,140,198; 2022 AED 1,450,000; 2023 AED 1,974,000; 2024 AED 2,050,000; 2025 AED 2,000,000Sold by developer, May 2012: AED 1,910,700 (AED 1,673 per sqft)

1201 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1201, each contractTypical two-bed in Upper Crest
50K100K150K2017202020232026Typical rent by year: 2017 AED 110,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 75,000; 2021 AED 85,552; 2022 AED 110,000; 2023 AED 120,000; 2024 AED 130,000; 2025 AED 131,625; 2026 AED 139,791New contract, January 2018: AED 100,000 a yearNew contract, February 2019: AED 95,000 a yearNew contract, November 2019: AED 90,000 a yearNew contract, February 2021: AED 65,000 a yearRenewal, February 2022: AED 60,000 a yearNew contract, April 2022: AED 90,000 a yearNew contract, April 2023: AED 100,000 a yearRenewal, April 2024: AED 110,000 a yearNew contract, May 2025: AED 120,000 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 Upper Crest, and where 1201 sits

All 101 2-beds →

1201 last sold in May 2012 at AED 1,673 per sqft, in line with what two-beds in Upper Crest were fetching at the time (AED 1,671). Over the last 12 months two-beds sold for AED 1,900,000 to 2,100,000, around AED 1,746 per sqft, and rent for AED 70,000 to 170,000 a year. 1201's AED 120,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Dec 20251,950,000
17 Jul 20252,000,000
3 Jul 20252,200,000
26 Jun 20251,930,000
4 2-bed sales in the last 12 months

Upper Crest

Building

390 apartments, studios to 3-bed over 43 floors in Downtown Dubai, completed in 2015 by DAMAC. 10 sold in the last 12 months.

Typical price per sqft
AED 1,697 Up 2.0%
Typical sale
AED 1.83M
Typical rent
AED 100K /yr
Typical yield
6.7%
Upper Crest, Downtown Dubai: prices, sales and rents →

Other units on the 12th floor

All 390 units in Upper Crest
Value
1202StudioAED 800K · Dec 2022
12031-bedAED 525K · Sep 2018
12041-bedAED 1.43M · Jul 2012
12051-bedAED 1.48M · Mar 2012
12061-bedAED 1.56M · Mar 2012
12073-bedAED 2.67M · Mar 2012
1208StudioAED 1.4M · Dec 2014
1–7 of 21

1201, Upper Crest in numbers

  • Sold once: by DAMAC on 3 May 2012 for AED 1,910,700, or AED 1,673 per sqft.
  • Rented since January 2018 on 9 Ejari contracts. The rent fell from AED 100,000 to AED 60,000 in 2022 and recovered to AED 120,000 by May 2025.
  • At AED 120,000 a year the gross yield on the 2012 price is 6.3%.
  • Two-beds in Upper Crest sold for AED 1,900,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,697 per sqft.

Source: Dubai Land Department. Updated 10 May 2025.

Questions about 1201, Upper Crest

What did unit 1201 last sell for?

AED 1,910,700 on 3 May 2012, sold by the developer: AED 1,673 per sqft for 1,142 sqft. It is the only registered sale of the unit.

What is the rent for unit 1201?

AED 120,000 a year on the contract signed on 10 May 2025. The previous contract, from April 2024, was AED 110,000; the unit has been rented since January 2018.

How big is unit 1201?

1,142 sqft (106.1 sqm): a two-bedroom hotel apartment on the 12th floor of a 43-storey tower completed in 2015.

What is unit 1201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Upper Crest sold for AED 1,900,000 to 2,100,000 in the last 12 months, around AED 1,746 per sqft.

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Mortgage on 1201, Upper Crest

Starts from the last sale price (AED 1.91M, 3 May 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,910,700
Deposit, UAE resident (20%)
AED 382,140
Deposit, non-resident (40%)
AED 764,280
Monthly over 25 years at 3.7%
AED 7,817

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →