1-bed · 675 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 20th floor · completed 2008

2002, Concorde Tower

Sold prices and rental history: sold once, by the developer in March 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2002 · DLD and Ejari recordsUpdated 10 July 2024
Last soldAED 558K4 March 2013
Current rentAED 75K /yr10 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2002, Concorde Tower

What is 2002 worth today?

Last sold for AED 557,784 in 2013

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10 Jul 2024RentedNew contract
AED 75,000/yr12 months · AED 111 per sqft
7 Jun 2020RentedNew contract
AED 40,000/yr12 months · AED 59 per sqft
1 Feb 2018RentedNew contract
AED 60,000/yr12 months · AED 88 per sqft
20 Nov 2016RentedNew contract
AED 70,000/yr12 months · AED 103 per sqft
4 Mar 2013Sold by developerReady
AED 557,784AED 825 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 July 2024.

Key facts

Type
1-bed apartment
Size
675 sqft
Floor
20th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 13,500 /yr
Last sold
AED 558K · March 2013

About 2002, Concorde Tower

2002 is a one-bedroom apartment of 675 sqft on the 20th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. The developer sold it on 4 March 2013 for AED 557,784, or AED 825 per sqft, 13% above the AED 728 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 10 July 2024, is AED 75,000 a year: a gross yield of 13.5% on the 2013 price, before the service charge of about AED 13,500 a year.

Sales and rents for 2002 over time

Sales
Unit 2002, each saleTypical one-bed in Concorde Tower
500K1M2010201520202025Typical sale price by year: 2010 AED 770,114; 2011 AED 576,091; 2012 AED 575,000; 2013 AED 787,600; 2014 AED 1,089,924; 2015 AED 990,000; 2016 AED 1,035,000; 2017 AED 912,500; 2018 AED 827,500; 2019 AED 657,500; 2020 AED 535,000; 2021 AED 595,000; 2022 AED 750,000; 2023 AED 850,000; 2024 AED 1,000,000; 2025 AED 1,055,000; 2026 AED 1,165,000Sold by developer, March 2013: AED 557,784 (AED 825 per sqft)

2002 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2002, each contractTypical one-bed in Concorde Tower
40K60K80K20112015201920232027Typical rent by year: 2011 AED 48,000; 2012 AED 52,750; 2013 AED 65,000; 2014 AED 78,000; 2015 AED 80,231; 2016 AED 82,500; 2017 AED 78,000; 2018 AED 70,000; 2019 AED 60,000; 2020 AED 50,000; 2021 AED 46,500; 2022 AED 57,000; 2023 AED 65,000; 2024 AED 74,500; 2025 AED 78,000; 2026 AED 81,000New contract, November 2016: AED 70,000 a yearNew contract, February 2018: AED 60,000 a yearNew contract, June 2020: AED 40,000 a yearNew contract, July 2024: AED 75,000 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 Concorde Tower, and where 2002 sits

All 389 1-beds →

2002 last sold in March 2013 at AED 825 per sqft, 13% above what one-beds in Concorde Tower were fetching at the time (AED 728). Over the last 12 months one-beds sold for AED 800,000 to 1,500,000, around AED 1,224 per sqft, and rent for AED 37,000 to 160,000 a year. 2002's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Feb 2026950,000
30 Jan 20261,150,000
30 Jan 20261,440,000
29 Jan 20261,200,000
11 1-bed sales in the last 12 months

Concorde Tower

Building

470 apartments, studios to 3-bed over 43 floors in Jumeirah Lake Towers (JLT), completed in 2008 by 32 Group Properties. 13 sold in the last 12 months.

Typical price per sqft
AED 1,224 Up 2.8%
Typical sale
AED 1.15M
Typical rent
AED 80K /yr
Typical yield
8.0%
Concorde Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 20th floor

All 470 units in Concorde Tower
Value
20011-bedAED 625K · Feb 2013
20031-bedAED 1M · Jun 2014
2004StudioAED 500K · Nov 2012
20051-bedAED 825K · Jan 2023
20061-bedAED 950K · Jul 2013
20071-bedAED 1.03M · Mar 2013
20081-bedAED 1.45M · Jun 2014
1–7 of 12

2002, Concorde Tower in numbers

  • Sold once: by 32 Group Properties on 4 March 2013 for AED 557,784, or AED 825 per sqft.
  • Rented since November 2016 on 4 Ejari contracts. The rent fell from AED 70,000 to AED 40,000 in 2020 and recovered to AED 75,000 by July 2024.
  • At AED 75,000 a year the gross yield on the 2013 price is 13.5%, before a service charge of about AED 13,500 a year (AED 19.92 per sqft).
  • One-beds in Concorde Tower sold for AED 800,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,224 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 10 July 2024.

Questions about 2002, Concorde Tower

What did unit 2002 last sell for?

AED 557,784 on 4 March 2013, sold by the developer: AED 825 per sqft for 675 sqft. It is the only registered sale of the unit.

What is the rent for unit 2002?

AED 75,000 a year on the contract signed on 10 July 2024. The previous contract, from June 2020, was AED 40,000; the unit has been rented since November 2016.

How big is unit 2002?

675 sqft (62.7 sqm): a one-bedroom apartment on the 20th floor of a 43-storey tower completed in 2008.

What is unit 2002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Concorde Tower sold for AED 800,000 to 1,500,000 in the last 12 months, around AED 1,224 per sqft.

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Mortgage on 2002, Concorde Tower

Starts from the last sale price (AED 558K, 4 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 557,784
Deposit, UAE resident (20%)
AED 111,557
Deposit, non-resident (40%)
AED 223,114
Monthly over 25 years at 3.7%
AED 2,282

Plus AED 28,437 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →