Unit R-14-02, Dorchester Collection Dubai: what it sold for and what it is worth now

Unit R-14-02 at Dorchester Collection Dubai is a 3 bed of 4,943 sq ft. It last sold for AED 17,500,000 on 29 Jul 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 18,416,000 today.

Value todayAED 18,416,000AED 17,801,000 to AED 19,000,000
Last saleAED 17,500,00029 Jul 2021 · Off-plan
Change since last sale+5.2%Building trend alone: AED 23,450,911
Rent (median asking, 3 bed)AED 2,200,000Gross yield 11.9%
Bedrooms3 bed
Size4,943 sq ft
BuildingDorchester Collection Dubai by Omniyat, handed over 2023
Registered sales of this unit1

Every registered sale of unit R-14-02

DatePriceSizeAED/sq ftType
29 Jul 2021AED 17,500,0004,943 sq ft3,540Off-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-09-0323 Dec 2021AED 23,500,0006,489 sq ft3,622Off-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

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 (4,943 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 23,450,911. 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-14-02 at Dorchester Collection Dubai worth?

About AED 18,416,000 (range AED 17,801,000 to AED 19,000,000), based on AED 3,726 per sq ft from registered sales up to 23 May 2023.

When did unit R-14-02 last sell?

29 Jul 2021, for AED 17,500,000 (off-plan). It has 1 registered sale.

What rent can unit R-14-02 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 11.9% on the estimate.

Sales alert for Dorchester Collection DubaiAll sales in Dorchester Collection Dubai

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