1-bed · 912 sqftUpper Crest, Downtown Dubai · 29th floor · completed 2015

2909, Upper Crest

Sold prices and rental history: sold once, by the developer in August 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2909 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 2.33M17 August 2016
Current rentAED 95K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2909, Upper Crest

What is 2909 worth today?

Last sold for AED 2,331,888 in 2016

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1 Jul 2024RentedNew contract
AED 95,000/yr12 months · AED 104 per sqft
5 Jan 2024RentedNew contract
AED 120,000/yr12 months · AED 131 per sqft
12 Dec 2022RentedRenewal
AED 84,000/yr12 months · AED 92 per sqft
1 Dec 2020RentedNew contract
AED 58,000/yr12 months · AED 63 per sqft
26 Nov 2019RentedNew contract
AED 75,000/yr12 months · AED 82 per sqft
18 Nov 2018RentedNew contract
AED 75,000/yr12 months · AED 82 per sqft
14 Oct 2017RentedNew contract
AED 85,000/yr12 months · AED 93 per sqft
17 Aug 2016Sold by developerOff-plan
AED 2,331,888AED 2,558 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
1-bed hotel apartment
Size
912 sqft
Floor
29th of 43
Parking
P4-05
Developer
DAMAC
Completed
2015
Last sold
AED 2.33M · August 2016
Building
Upper Crest

About 2909, Upper Crest

2909 is a one-bedroom hotel apartment of 912 sqft on the 29th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. The developer sold it on 17 August 2016 for AED 2,331,888, or AED 2,558 per sqft, in line with the AED 2,617 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 July 2024, is AED 95,000 a year: a gross yield of 4.1% on the 2016 price.

Sales and rents for 2909 over time

Sales
Unit 2909, 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 2,331,888 (AED 2,558 per sqft)

2909 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2909, each contractTypical one-bed in Upper Crest
50K100K2017202020232026Typical 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 2017: AED 85,000 a yearNew contract, November 2018: AED 75,000 a yearNew contract, November 2019: AED 75,000 a yearNew contract, December 2020: AED 58,000 a yearRenewal, December 2022: AED 84,000 a yearNew contract, January 2024: AED 120,000 a yearNew contract, July 2024: AED 95,000 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 2909 sits

All 173 1-beds →

2909 last sold in August 2016 at AED 2,558 per sqft, in line with what one-beds in Upper Crest were fetching at the time (AED 2,617). 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. 2909's AED 95,000 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 29th floor

All 390 units in Upper Crest
Value
29012-bedAED 1.55M · Nov 2021
2902StudioAED 1.35M · Feb 2013
29031-bedAED 2.06M · Apr 2013
29041-bedAED 2.09M · Apr 2013
29051-bedAED 1.33M · Jul 2024
29061-bedAED 2.76M · Aug 2016
29073-bedAED 4.12M · Mar 2013
1–7 of 10

2909, Upper Crest in numbers

  • Sold once: by DAMAC on 17 August 2016 for AED 2,331,888, or AED 2,558 per sqft.
  • Rented since October 2017 on 7 Ejari contracts. The rent fell from AED 85,000 to AED 58,000 in 2020 and recovered to AED 95,000 by July 2024.
  • At AED 95,000 a year the gross yield on the 2016 price is 4.1%.
  • 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 1 July 2024.

Questions about 2909, Upper Crest

What did unit 2909 last sell for?

AED 2,331,888 on 17 August 2016, sold by the developer: AED 2,558 per sqft for 912 sqft. It is the only registered sale of the unit.

What is the rent for unit 2909?

AED 95,000 a year on the contract signed on 1 July 2024. The previous contract, from January 2024, was AED 120,000; the unit has been rented since October 2017.

How big is unit 2909?

912 sqft (84.7 sqm): a one-bedroom hotel apartment on the 29th floor of a 43-storey tower completed in 2015.

What is unit 2909 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 2909, Upper Crest

Starts from the last sale price (AED 2.33M, 17 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,331,888
Deposit, UAE resident (20%)
AED 466,378
Deposit, non-resident (40%)
AED 932,755
Monthly over 25 years at 3.7%
AED 9,540

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