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1-bed · 828 sqftUpper Crest, Downtown Dubai · 12th floor · completed 2015

1203, Upper Crest

Sold prices and rental history: sold twice, last in September 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 11 October 2024
Last soldAED 525K17 September 2018
Current rentAED 108K /yr11 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, Upper Crest

What is 1203 worth today?

Last sold for AED 525,000 in 2018

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11 Oct 2024RentedNew contract
AED 108,000/yr12 months · AED 130 per sqft
27 Sep 2023RentedNew contract
AED 95,000/yr12 months · AED 115 per sqft
1 Apr 2023RentedNew contract
AED 110,400/yr12 months · AED 133 per sqft
1 Dec 2021RentedNew contract
AED 75,000/yr12 months · AED 90 per sqft
1 Nov 2020RentedNew contract
AED 70,000/yr12 months · AED 84 per sqft
8 Oct 2019RentedNew contract
AED 75,000/yr12 months · AED 90 per sqft
17 Sep 2018SoldReady
AED 525,000AED 634 per sqft
31 Aug 2016Sold by developerOff-plan
AED 2,288,000AED 2,763 per sqft

Source: Dubai Land Department. Updated 11 October 2024.

Key facts

Type
1-bed hotel apartment
Size
828 sqft
Floor
12th of 43
Parking
P2-04
Developer
DAMAC
Completed
2015
Last sold
AED 525K · September 2018
Building
Upper Crest

About 1203, Upper Crest

1203 is a one-bedroom hotel apartment of 828 sqft on the 12th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. It last sold on 17 September 2018 for AED 525,000, or AED 634 per sqft, 55% below the AED 1,403 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 11 October 2024, is AED 108,000 a year: a gross yield of 20.6% on the 2018 price.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical one-bed in Upper Crest
1M2M2012201620202024Typical sale price by year: 2012 AED 1,562,975; 2013 AED 2,086,100; 2014 AED 2,201,225; 2015 AED 2,324,354; 2016 AED 2,431,363; 2017 AED 1,240,000; 2018 AED 1,260,000; 2019 AED 900,000; 2020 AED 820,000; 2021 AED 850,000; 2022 AED 1,275,000; 2023 AED 1,425,000; 2024 AED 1,330,000; 2025 AED 1,500,000Sold by developer, August 2016: AED 2,288,000 (AED 2,763 per sqft)Sold, September 2018: AED 525,000 (AED 634 per sqft)

1203 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1203, each contractTypical one-bed in Upper Crest
75K100K2017202020232026Typical rent by year: 2017 AED 85,000; 2018 AED 85,000; 2019 AED 75,000; 2020 AED 62,000; 2021 AED 65,000; 2022 AED 80,000; 2023 AED 90,000; 2024 AED 95,000; 2025 AED 100,000; 2026 AED 98,295New contract, October 2019: AED 75,000 a yearNew contract, November 2020: AED 70,000 a yearNew contract, December 2021: AED 75,000 a yearNew contract, April 2023: AED 110,400 a yearNew contract, September 2023: AED 95,000 a yearNew contract, October 2024: AED 108,000 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 Upper Crest, and where 1203 sits

All 173 1-beds →

1203 last sold in September 2018 at AED 634 per sqft, 55% below what one-beds in Upper Crest were fetching at the time (AED 1,403). Over the last 12 months one-beds sold for AED 1,200,000 to 1,750,000, around AED 1,661 per sqft, and rent for AED 50,000 to 170,000 a year. 1203's AED 108,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
30 Jan 20261,693,000
26 Jan 20261,200,000
24 Dec 20251,500,000
25 Jun 20251,542,263
5 1-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
12012-bedAED 1.91M · May 2012
1202StudioAED 800K · Dec 2022
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

1203, Upper Crest in numbers

  • Sold twice: first on 31 August 2016 for AED 2,288,000, last on 17 September 2018 for AED 525,000 (AED 634 per sqft).
  • Rented since October 2019 on 6 Ejari contracts, from AED 75,000 to AED 108,000 a year.
  • At AED 108,000 a year the gross yield on the 2018 price is 20.6%.
  • One-beds in Upper Crest sold for AED 1,200,000–1,750,000 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 11 October 2024.

Questions about 1203, Upper Crest

What did unit 1203 last sell for?

AED 525,000 on 17 September 2018: AED 634 per sqft for 828 sqft. The unit has 2 registered sales; the first was AED 2,288,000 in August 2016.

What is the rent for unit 1203?

AED 108,000 a year on the contract signed on 11 October 2024. The previous contract, from September 2023, was AED 95,000; the unit has been rented since October 2019.

How big is unit 1203?

828 sqft (76.9 sqm): a one-bedroom hotel apartment on the 12th floor of a 43-storey tower completed in 2015.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Upper Crest sold for AED 1,200,000 to 1,750,000 in the last 12 months, around AED 1,661 per sqft.

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Mortgage on 1203, Upper Crest

Starts from the last sale price (AED 525K, 17 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 525,000
Deposit, UAE resident (20%)
AED 105,000
Deposit, non-resident (40%)
AED 210,000
Monthly over 25 years at 3.7%
AED 2,148

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