2-bed · 1,372 sqftVida Residence Downtown, Downtown Dubai · 35th floor · completed 2018

3508, Vida Residence Downtown

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

Unit 3508 · DLD and Ejari recordsUpdated 26 August 2023
Last soldAED 3.47M17 April 2014
Current rentAED 310K /yr26 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3508, Vida Residence Downtown

What is 3508 worth today?

Last sold for AED 3,472,888 in 2014

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26 Aug 2023RentedNew contract
AED 310,000/yr12 months · AED 227 per sqft
15 Jul 2022RentedNew contract
AED 280,000/yr12 months · AED 205 per sqft
26 May 2021RentedNew contract
AED 190,000/yr12 months · AED 139 per sqft
14 Jan 2021RentedNew contract
AED 165,000/yr12 months · AED 121 per sqft
17 Apr 2014Sold by developerOff-plan
AED 3,472,888AED 2,531 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 26 August 2023.

Key facts

Type
2-bed hotel apartment
Size
1,372 sqft
Floor
35th of 58
Parking
B2-72
Developer
Emaar
Completed
2018
Last sold
AED 3.47M · April 2014

About 3508, Vida Residence Downtown

3508 is a two-bedroom hotel apartment of 1,372 sqft on the 35th floor of Vida Residence Downtown, a 58-storey tower in Downtown Dubai completed in 2018 by Emaar. The developer sold it on 17 April 2014 for AED 3,472,888, or AED 2,531 per sqft, in line with the AED 2,479 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 26 August 2023, is AED 310,000 a year: a gross yield of 8.9% on the 2014 price.

Sales and rents for 3508 over time

Sales
Unit 3508, each saleTypical two-bed in Vida Residence Downtown
3M4M2014201820222026Typical sale price by year: 2014 AED 3,543,888; 2015 AED 3,867,388; 2016 AED 3,435,888; 2017 AED 3,100,000; 2018 AED 3,573,444; 2019 AED 3,672,312; 2020 AED 2,425,000; 2021 AED 3,141,028; 2022 AED 3,525,000; 2023 AED 3,957,391; 2024 AED 4,450,000; 2025 AED 4,550,000; 2026 AED 4,550,000Sold by developer, April 2014: AED 3,472,888 (AED 2,531 per sqft)

3508 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3508, each contractTypical two-bed in Vida Residence Downtown
200K300K20192021202320252027Typical rent by year: 2019 AED 170,000; 2020 AED 151,500; 2021 AED 180,000; 2022 AED 260,000; 2023 AED 265,000; 2024 AED 285,000; 2025 AED 270,000; 2026 AED 325,000New contract, January 2021: AED 165,000 a yearNew contract, May 2021: AED 190,000 a yearNew contract, July 2022: AED 280,000 a yearNew contract, August 2023: AED 310,000 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 Vida Residence Downtown, and where 3508 sits

All 134 2-beds →

3508 last sold in April 2014 at AED 2,531 per sqft, in line with what two-beds in Vida Residence Downtown were fetching at the time (AED 2,479). Over the last 12 months two-beds sold for AED 4,290,000 to 7,500,000, around AED 3,247 per sqft, and rent for AED 260,000 to 350,000 a year. 3508's AED 310,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Feb 20264,650,000
12 Feb 20264,290,000
13 Jan 20264,600,000
5 Jan 20264,500,000
8 2-bed sales in the last 12 months

Vida Residence Downtown

Building

343 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2018 by Emaar. 15 sold in the last 12 months.

Typical price per sqft
AED 3,243 Up 3.6%
Typical sale
AED 4.67M
Typical rent
AED 273K /yr
Typical yield
6.1%
Vida Residence Downtown, Downtown Dubai: prices, sales and rents →

Other units on the 35th floor

All 343 units in Vida Residence Downtown
Value
35013-bedAED 6.43M · Dec 2021
35023-bedAED 5.8M · Feb 2022
35033-bedAED 6.5M · Aug 2024
35042-bedAED 3.84M · Oct 2019
35061-bedAED 2.26M · Jan 2024

3508, Vida Residence Downtown in numbers

  • Sold once: by Emaar on 17 April 2014 for AED 3,472,888, or AED 2,531 per sqft.
  • Rented since January 2021 on 4 Ejari contracts, from AED 165,000 to AED 310,000 a year.
  • At AED 310,000 a year the gross yield on the 2014 price is 8.9%.
  • Two-beds in Vida Residence Downtown sold for AED 4,290,000–7,500,000 in the 12 months to November 2026; the building's median across all types is AED 3,243 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 26 August 2023.

Questions about 3508, Vida Residence Downtown

What did unit 3508 last sell for?

AED 3,472,888 on 17 April 2014, sold by the developer: AED 2,531 per sqft for 1,372 sqft. It is the only registered sale of the unit.

What is the rent for unit 3508?

AED 310,000 a year on the contract signed on 26 August 2023. The previous contract, from July 2022, was AED 280,000; the unit has been rented since January 2021.

How big is unit 3508?

1,372 sqft (127.5 sqm): a two-bedroom hotel apartment on the 35th floor of a 58-storey tower completed in 2018.

What is unit 3508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Vida Residence Downtown sold for AED 4,290,000 to 7,500,000 in the last 12 months, around AED 3,247 per sqft.

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Mortgage on 3508, Vida Residence Downtown

Starts from the last sale price (AED 3.47M, 17 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,472,888
Deposit, UAE resident (20%)
AED 694,578
Deposit, non-resident (40%)
AED 1,389,155
Monthly over 25 years at 3.7%
AED 14,209

Plus AED 150,872 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →