Unit R-09-03, Dorchester Collection Dubai: what it sold for and what it is worth now

Unit R-09-03 at Dorchester Collection Dubai is a 3 bed of 6,489 sq ft. It last sold for AED 23,500,000 on 23 Dec 2021. At AED 3,726 per sq ft, from 8 sales in the building in the last 24 months (3 bed), it is worth about AED 24,176,000 today.

Value todayAED 24,176,000AED 23,368,000 to AED 24,942,000
Last saleAED 23,500,00023 Dec 2021 · Off-plan
Change since last sale+2.9%Building trend alone: AED 30,614,095
Rent (median asking, 3 bed)AED 2,200,000Gross yield 9.1%
Bedrooms3 bed
Size6,489 sq ft
BuildingDorchester Collection Dubai by Omniyat, handed over 2023
Registered sales of this unit1

Every registered sale of unit R-09-03

DatePriceSizeAED/sq ftType
23 Dec 2021AED 23,500,0006,489 sq ft3,622Off-plan

Latest 3 bed sales in Dorchester Collection Dubai

UnitDatePriceSizeAED/sq ftType
R-18-029 Jan 2023AED 19,900,1254,944 sq ft4,025Off-plan
R-07-039 Jan 2023AED 24,832,7626,502 sq ft3,819Off-plan
R-25-015 Oct 2021AED 43,000,00010,977 sq ft3,917Off-plan
R-06-011 Aug 2021AED 16,907,6254,911 sq ft3,443Off-plan
R-15-0129 Jul 2021AED 23,450,5006,233 sq ft3,762Off-plan
R-16-0229 Jul 2021AED 18,135,0004,916 sq ft3,689Off-plan
R-14-0229 Jul 2021AED 17,500,0004,943 sq ft3,540Off-plan

How we worked out the value

We took the 8 sales in Dorchester Collection Dubai in the last 24 months (3 bed), worked out the price per sq ft of each, and used the middle value (AED 3,726). We multiplied it by the size of this unit (6,489 sq ft). The range uses the middle half of those sales (AED 3,601 to AED 3,844 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 30,614,095. Floor, view, condition and upgrades can move the price either way. Sales data to 23 May 2023, from the Dubai Land Department register.

Questions

What is unit R-09-03 at Dorchester Collection Dubai worth?

About AED 24,176,000 (range AED 23,368,000 to AED 24,942,000), based on AED 3,726 per sq ft from registered sales up to 23 May 2023.

When did unit R-09-03 last sell?

23 Dec 2021, for AED 23,500,000 (off-plan). It has 1 registered sale.

What rent can unit R-09-03 make?

A 3 bed in Dorchester Collection Dubai rents for about AED 2,200,000 a year (median asking rent). That is a gross yield of 9.1% on the estimate.

Sales alert for Dorchester Collection DubaiAll sales in Dorchester Collection Dubai

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