1-bed · 639 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 28th floor · completed 2008

2811, Concorde Tower

Sold prices and rental history: sold twice, last in November 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2811 · DLD and Ejari recordsUpdated 18 May 2022
Last soldAED 380K24 November 2015
Current rentAED 40K /yr18 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2811, Concorde Tower

What is 2811 worth today?

Last sold for AED 380,000 in 2015

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18 May 2022RentedNew contract
AED 40,000/yr12 months · AED 63 per sqft
22 Nov 2020RentedNew contract
AED 50,000/yr12 months · AED 78 per sqft
22 Feb 2017RentedNew contract
AED 65,000/yr12 months · AED 102 per sqft
8 Dec 2016RentedNew contract
AED 70,000/yr12 months · AED 110 per sqft
24 Nov 2015SoldReady
AED 380,000AED 594 per sqft
1 Sep 2013RentedNew contract
AED 60,000/yr12 months · AED 94 per sqft
21 Feb 2011Sold by developerReady
AED 319,420AED 500 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 May 2022.

Key facts

Type
1-bed apartment
Size
639 sqft
Floor
28th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 12,700 /yr
Last sold
AED 380K · November 2015

About 2811, Concorde Tower

2811 is a one-bedroom apartment of 639 sqft on the 28th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. It last sold on 24 November 2015 for AED 380,000, or AED 594 per sqft, 38% below the AED 956 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 18 May 2022, is AED 40,000 a year: a gross yield of 10.5% on the 2015 price, before the service charge of about AED 12,700 a year.

Sales and rents for 2811 over time

Sales
Unit 2811, 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, February 2011: AED 319,420 (AED 500 per sqft)Sold, November 2015: AED 380,000 (AED 594 per sqft)

2811 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2811, 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, September 2013: AED 60,000 a yearNew contract, December 2016: AED 70,000 a yearNew contract, February 2017: AED 65,000 a yearNew contract, November 2020: AED 50,000 a yearNew contract, May 2022: AED 40,000 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 2811 sits

All 389 1-beds →

2811 last sold in November 2015 at AED 594 per sqft, 38% below what one-beds in Concorde Tower were fetching at the time (AED 956). 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. 2811's AED 40,000 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 28th floor

All 470 units in Concorde Tower
Value
28011-bedAED 1.16M · Mar 2024
28021-bedAED 790K · Nov 2024
28031-bedAED 640K · Dec 2021
28041-bedAED 672K · Nov 2012
28051-bedAED 1.05M · Oct 2023
28061-bedAED 1.45M · Mar 2014
28071-bedAED 1.23M · Mar 2015
1–7 of 10

2811, Concorde Tower in numbers

  • Sold twice: first on 21 February 2011 for AED 319,420, last on 24 November 2015 for AED 380,000 (AED 594 per sqft).
  • Rented since September 2013 on 5 Ejari contracts, from AED 60,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2015 price is 10.5%, before a service charge of about AED 12,700 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 18 May 2022.

Questions about 2811, Concorde Tower

What did unit 2811 last sell for?

AED 380,000 on 24 November 2015: AED 594 per sqft for 639 sqft. The unit has 2 registered sales; the first was AED 319,420 in February 2011.

What is the rent for unit 2811?

AED 40,000 a year on the contract signed on 18 May 2022. The previous contract, from November 2020, was AED 50,000; the unit has been rented since September 2013.

How big is unit 2811?

639 sqft (59.4 sqm): a one-bedroom apartment on the 28th floor of a 43-storey tower completed in 2008.

What is unit 2811 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 2811, Concorde Tower

Starts from the last sale price (AED 380K, 24 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

Plus AED 18,870 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →