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2-bed · 1,221 sqftUpper Crest, Downtown Dubai · 15th floor · completed 2015

1511, Upper Crest

Sold prices and rental history: sold once, by the developer in May 2014, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1511 · DLD and Ejari recordsUpdated 10 December 2023
Last soldAED 3.32M4 May 2014
Current rentAED 127K /yr10 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1511, Upper Crest

What is 1511 worth today?

Last sold for AED 3,320,280 in 2014

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10 Dec 2023RentedRenewal
AED 127,000/yr12 months · AED 104 per sqft
10 Dec 2022RentedRenewal
AED 115,500/yr12 months · AED 95 per sqft
10 Dec 2021RentedNew contract
AED 105,000/yr12 months · AED 86 per sqft
4 May 2014Sold by developerOff-plan
AED 3,320,280AED 2,719 per sqft

Source: Dubai Land Department. Updated 10 December 2023.

Key facts

Type
2-bed hotel apartment
Size
1,221 sqft
Floor
15th of 43
Parking
P2-32
Developer
DAMAC
Completed
2015
Last sold
AED 3.32M · May 2014
Building
Upper Crest

About 1511, Upper Crest

1511 is a two-bedroom hotel apartment of 1,221 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 4 May 2014 for AED 3,320,280, or AED 2,719 per sqft, in line with the AED 2,659 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 10 December 2023, is AED 127,000 a year: a gross yield of 3.8% on the 2014 price.

Sales and rents for 1511 over time

Sales
Unit 1511, 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 2014: AED 3,320,280 (AED 2,719 per sqft)

1511 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1511, each contractTypical two-bed in Upper Crest
100K150K2017202020232026Typical 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, December 2021: AED 105,000 a yearRenewal, December 2022: AED 115,500 a yearRenewal, December 2023: AED 127,000 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 1511 sits

All 101 2-beds →

1511 last sold in May 2014 at AED 2,719 per sqft, in line with what two-beds in Upper Crest were fetching at the time (AED 2,659). 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. 1511's AED 127,000 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 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
15051-bedAED 1.58M · Mar 2012
15061-bedAED 800K · Apr 2021
15073-bedAED 2.67M · Mar 2012
1–7 of 10

1511, Upper Crest in numbers

  • Sold once: by DAMAC on 4 May 2014 for AED 3,320,280, or AED 2,719 per sqft.
  • Rented since December 2021 on 3 Ejari contracts, from AED 105,000 to AED 127,000 a year.
  • At AED 127,000 a year the gross yield on the 2014 price is 3.8%.
  • 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 December 2023.

Questions about 1511, Upper Crest

What did unit 1511 last sell for?

AED 3,320,280 on 4 May 2014, sold by the developer: AED 2,719 per sqft for 1,221 sqft. It is the only registered sale of the unit.

What is the rent for unit 1511?

AED 127,000 a year on the contract renewed on 10 December 2023. The previous contract, from December 2022, was AED 115,500; the unit has been rented since December 2021.

How big is unit 1511?

1,221 sqft (113.4 sqm): a two-bedroom hotel apartment on the 15th floor of a 43-storey tower completed in 2015.

What is unit 1511 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 1511, Upper Crest

Starts from the last sale price (AED 3.32M, 4 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,320,280
Deposit, UAE resident (20%)
AED 664,056
Deposit, non-resident (40%)
AED 1,328,112
Monthly over 25 years at 3.7%
AED 13,584

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