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1-bed · 901 sqftUpper Crest, Downtown Dubai · 15th floor · completed 2015

1505, Upper Crest

Sold prices and rental history: sold once, by the developer in March 2012, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 25 April 2024
Last soldAED 1.58M25 March 2012
Current rentAED 89K /yr25 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1505, Upper Crest

What is 1505 worth today?

Last sold for AED 1,575,900 in 2012

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25 Apr 2024RentedRenewal
AED 89,000/yr12 months · AED 98 per sqft
25 Apr 2023RentedRenewal
AED 84,000/yr12 months · AED 93 per sqft
25 Apr 2022RentedNew contract
AED 80,000/yr12 months · AED 88 per sqft
1 Feb 2019RentedRenewal
AED 70,000/yr12 months · AED 77 per sqft
25 Mar 2012Sold by developerOff-plan
AED 1,575,900AED 1,748 per sqft

Source: Dubai Land Department. Updated 25 April 2024.

Key facts

Type
1-bed hotel apartment
Size
901 sqft
Floor
15th of 43
Parking
P2-28
Developer
DAMAC
Completed
2015
Last sold
AED 1.58M · March 2012
Building
Upper Crest

About 1505, Upper Crest

1505 is a one-bedroom hotel apartment of 901 sqft on the 15th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. The developer sold it on 25 March 2012 for AED 1,575,900, or AED 1,748 per sqft, 4% above the AED 1,678 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 25 April 2024, is AED 89,000 a year: a gross yield of 5.7% on the 2012 price.

Sales and rents for 1505 over time

Sales
Unit 1505, 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, March 2012: AED 1,575,900 (AED 1,748 per sqft)

1505 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1505, each contractTypical one-bed in Upper Crest
60K80K100K2017202020232026Typical 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 98,295Renewal, February 2019: AED 70,000 a yearNew contract, April 2022: AED 80,000 a yearRenewal, April 2023: AED 84,000 a yearRenewal, April 2024: AED 89,000 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 1505 sits

All 173 1-beds →

1505 last sold in March 2012 at AED 1,748 per sqft, 4% above what one-beds in Upper Crest were fetching at the time (AED 1,678). 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. 1505's AED 89,000 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 15th floor

All 390 units in Upper Crest
Value
15012-bedAED 1.85M · Mar 2012
1502StudioAED 746K · Mar 2012
15031-bedAED 1.39M · Mar 2012
15041-bedAED 1.43M · Mar 2012
15061-bedAED 800K · Apr 2021
15073-bedAED 2.67M · Mar 2012
1508StudioAED 900K · Jun 2016
1–7 of 10

1505, Upper Crest in numbers

  • Sold once: by DAMAC on 25 March 2012 for AED 1,575,900, or AED 1,748 per sqft.
  • Rented since February 2019 on 4 Ejari contracts, from AED 70,000 to AED 89,000 a year.
  • At AED 89,000 a year the gross yield on the 2012 price is 5.7%.
  • 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 25 April 2024.

Questions about 1505, Upper Crest

What did unit 1505 last sell for?

AED 1,575,900 on 25 March 2012, sold by the developer: AED 1,748 per sqft for 901 sqft. It is the only registered sale of the unit.

What is the rent for unit 1505?

AED 89,000 a year on the contract renewed on 25 April 2024. The previous contract, from April 2023, was AED 84,000; the unit has been rented since February 2019.

How big is unit 1505?

901 sqft (83.7 sqm): a one-bedroom hotel apartment on the 15th floor of a 43-storey tower completed in 2015.

What is unit 1505 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 1505, Upper Crest

Starts from the last sale price (AED 1.58M, 25 March 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,575,900
Deposit, UAE resident (20%)
AED 315,180
Deposit, non-resident (40%)
AED 630,360
Monthly over 25 years at 3.7%
AED 6,447

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