118 Downtown, Downtown Dubai · by Signature Developers
A resale 4-bed in 118 Downtown sells for about AED 24.50m
Median of 5 resale 4-bed sales in the 12 months to 24 Oct 2026 (5 resale sales of all sizes). Last sale in the tower: 4 Aug 2026.
- The market says
- 5 resales of all sizes in 12 months at AED 3,458 per sq ft; a higher price than 81% of Downtown Dubai towers.
“118 Downtown had 5 sales in 12 months at about AED 3,458 per sq ft, but too few owners have sold twice for me to quote a return. I would price it from the last sale of the same layout, and I would not pay more for a promise.”
James is the human, licensed broker. Dalia, in the yellow bar, is the AI analyst.
- Official record
- 41 registered sales since 2013: 40 apartment, 1 other
- Size
- 44 floors · 28 units
Pictures of 118 Downtown
Photo: propsearch.ae
Photo: propsearch.ae
Photo: propsearch.ae
3 pictures of this building: photos. Each shows its source; select one to open it there. A drawing is made by BUY DUBAI from real pictures and is marked as a drawing.
Other towers in Mohammad Bin Rashid Boulevard
118 Downtown is in Mohammad Bin Rashid Boulevard, Downtown Dubai. Sold prices and sales for the other towers with a page:
From the developer: Signature Developers
What Signature Developers publishes about 118 Downtown. Pictures are the developer's artist's impressions, not photos of the building. Each fact shows where it comes from; a fact read from the developer's text is checked word for word.
Checked, not found: artist's impressions, floor plans, a video, a brochure or other PDF, facts we could check. We searched the developer site and the web on 14 Oct 2026. Ask Signature Developers for the latest brochure and floor plans.
Street view of 118 Downtown
The street outside, live from Google, about 37 m from the building. Drag to look around.
Imagery: Google Street View · Open in Google Maps
118 Downtown on the map
Three views of the same place, from the same direction. The other towers we cover are on all three: click one to open its page.
The map loads when you reach it.
3D: AI picture models of our towers (height and position from the map, detail approximate) and blocks from OpenStreetMap heights.
Resale and off-plan prices by bedroom
Resale = a completed home sold on. Off-plan = a home sold before the tower is complete, by the developer or by an earlier buyer (a Land Department "delayed sell"). The two are different markets, so we never mix them in one price. Sold = median price of sales in the 12 months to 24 Oct 2026. Asking and rent = live listings on 7 Oct 2026. Counts are in brackets. A median needs 5 sales or 3 listings.
| Type | Resale: sold | Resale: per sq ft |
|---|---|---|
| 4-bed | AED 24,475,000 (5) | 3,458 |
Rents are asking rents, not registered contracts. Yield = asking rent divided by the median resale price, before service charge.
Sales we leave out of every median, count and chart (1 of 30 here): bulk transfers, meaning 5 or more completed homes sold within two days at prices per sq ft within 25% of each other (0); a sale at exactly the same price as that unit's sale before (1); a size more than 1.6 times the usual size for the recorded type, or a "studio" above 750 sq ft (0). They stay in the list below with a label.
Too few resale sales to state a yearly change
5 resale sales in the last 12 months and 4 in the 12 months before. Each period needs at least 5.
Bars: median AED per sq ft by quarter. Blue line and blue numbers under the bars: number of sales in the quarter. Last 16 quarters at most. Grey bars have fewer than 3 sales.
Every sale since 2021: 30 sales of 25 units
Newest first. Each sale is marked Resale or Off-plan. The last column shows the change from the same unit's sale before.
| Unit | Type | Sq ft | Price | AED per sq ft | Date | Market | Against the sale before |
|---|---|---|---|---|---|---|---|
| 24 | 4-bed | 6,650 | AED 25,000,000 | 3,759 | 4 Aug 2026 | Resale | same price as in 2025: transfer |
| 20 | 4-bed | 6,650 | AED 18,000,000 | 2,707 | 27 Jul 2026 | Resale | -8% from AED 19.50m in 2022 |
| 23 | 4-bed | 6,650 | AED 30,700,000 | 4,616 | 1 Jun 2026 | Resale | +41% from AED 21.80m in 2023 |
| 40 | 4-bed | 6,650 | AED 23,000,000 | 3,458 | 9 Apr 2026 | Resale | -2% from AED 23.40m in 2022 |
| 15 | 4-bed | 6,650 | AED 24,740,000 | 3,720 | 31 Oct 2025 | Resale | |
| 14 | 4-bed | 7,333 | AED 24,475,000 | 3,338 | 31 Oct 2025 | Resale | |
| 41 | 4-bed | 6,650 | AED 34,000,000 | 5,112 | 22 Oct 2025 | Resale | |
| 43 | 6-bed | 11,598 | AED 65,000,000 | 5,604 | 8 Apr 2025 | Resale | |
| 24 | 4-bed | 6,650 | AED 25,000,000 | 3,759 | 20 Feb 2025 | Resale | |
| 42 | 4-bed | 6,650 | AED 30,760,000 | 4,626 | 12 Dec 2024 | Resale | |
| 28 | 4-bed | 6,650 | AED 26,000,000 | 3,909 | 28 Aug 2024 | Resale | |
| 17 | 4-bed | 6,650 | AED 23,500,000 | 3,534 | 4 Jul 2024 | Resale | |
| 16 | 4-bed | 6,650 | AED 21,000,000 | 3,158 | 17 May 2024 | Resale | |
| 38 | 4-bed | 6,650 | AED 24,700,000 | 3,714 | 1 Mar 2024 | Resale | |
| 33 | 6-bed | 11,045 | AED 65,000,000 | 5,885 | 7 Feb 2024 | Resale | |
| 36 | 4-bed | 6,650 | AED 24,000,000 | 3,609 | 15 Jan 2024 | Resale | |
| 25 | 4-bed | 6,650 | AED 22,500,000 | 3,383 | 25 Dec 2023 | Resale | |
| 31 | 4-bed | 6,650 | AED 24,000,000 | 3,609 | 30 Oct 2023 | Resale | |
| 27 | 4-bed | 6,650 | AED 20,500,000 | 3,082 | 12 Oct 2023 | Resale | |
| 23 | 4-bed | 6,650 | AED 21,800,000 | 3,278 | 6 Jul 2023 | Resale | |
| 29 | 4-bed | 6,650 | AED 23,000,000 | 3,458 | 29 May 2023 | Resale | |
| 37 | 4-bed | 6,650 | AED 22,000,000 | 3,308 | 15 May 2023 | Resale | |
| 39 | 4-bed | 6,650 | AED 22,000,000 | 3,308 | 17 Mar 2023 | Resale | +16% from AED 19.00m in 2021 |
| 30 | 4-bed | 6,650 | AED 22,000,000 | 3,308 | 1 Mar 2023 | Resale | |
| 18 | 4-bed | 6,650 | AED 22,000,000 | 3,308 | 27 Jan 2023 | Resale | |
| 40 | 4-bed | 6,650 | AED 23,400,000 | 3,519 | 25 Nov 2022 | Resale | |
| 19 | 4-bed | 6,650 | AED 22,000,000 | 3,308 | 1 Sep 2022 | Resale | |
| 20 | 4-bed | 6,650 | AED 19,500,000 | 2,932 | 7 Jul 2022 | Resale | |
| 32 | 4-bed | 6,650 | AED 22,900,000 | 3,443 | 23 May 2022 | Resale | |
| 39 | 4-bed | 6,650 | AED 19,000,000 | 2,857 | 12 Sep 2021 | Resale |
Mortgage: what 118 Downtown costs a month
The numbers start from the median sold price in this tower. Change any of them. The rate starts at 3.99%, the most common 3-year fixed rate in two bank comparison lists dated 5 October 2026. Fixed rates in those lists run from 3.75% to 4.69%. Three-month EIBOR, the base for variable rates, was 4.19% on 9 Oct 2026.
Cash you need on day one
Buy against rent
Loan limits: Central Bank of the UAE mortgage rules (first home under AED 5 million: 80% for residents, 85% for UAE nationals; AED 5 million and above: 70% and 75%; second home or investment: 60% and 65%; off-plan: 50%; 25 years at most; all your debt payments at most 50% of your income). Banks set their own limit for buyers who do not live in the UAE. Assumptions, the same in every BUY DUBAI calculator: rate 3.99% a year, the most common 3-year fixed rate in two bank comparison lists dated 5 October 2026; repayment loan over 25 years; Land Department fee 4% of the price plus AED 580; trustee office AED 4,200 (AED 2,100 under AED 500,000); agent 2% plus 5% VAT; with a loan: mortgage registration 0.25% of the loan plus AED 290, bank fee 1% of the loan plus VAT (it differs by bank), valuation AED 3,150. Life cover, insurance and service charges are not included. This is an illustration, not an offer of a loan. Rates read on 9 Oct 2026.
Home loans registered on 118 Downtown
| Year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Loans | 1 | 1 | 1 | 2 |
| Median loan | – | – | – | – |
Dubai Land Department register to 12 Feb 2026: mortgage and Islamic home finance registrations on homes in this tower. A loan can be for a purchase or to replace an older loan. Median shown for 3 or more loans.
The official record: 41 registered sales since 2013
Dubai Land Department register for "THE 118", 22 Apr 2013 to 12 Feb 2026: 40 apartment, 1 other sales, plus 42 mortgages and 17 gifts. This source has every year and every unit type, but no unit numbers.
| Year | Apartments: sales | AED per sq ft |
|---|---|---|
| 2025 | 6 | 3,740 |
| 2024 | 7 | 3,714 |
| 2023 | 9 | 3,308 |
| 2022 | 4 | 3,376 |
| 2021 | 2 | – |
| 2017 | 1 | – |
| 2016 | 1 | – |
| 2015 | 10 | 3,111 |
| 2013 | – | – |
Median AED per sq ft is shown for 3 or more sales in a year. 11 of these sales were off-plan and 30 were of completed units. What our unit list above does not have: sales before 2020; mortgages and gifts. For homes from 2020 to 12 Feb 2026 the register has 28 sales and our unit list has 26.
Sales, price cuts, new adverts, rents and news, on WhatsApp. You choose what and how often.
Which side faces what
The direction of each landmark from 118 Downtown, and the towers within 150 m that can stand in the way. What a home really sees depends on its floor and its side of the building. We do not have the unit positions for this tower yet, so we cannot tell you the view of one unit.
| Side | What lies that way |
|---|---|
| North | DIFC 2.1 km |
| East | Dubai Design District 1.8 km · Dubai Creek and Ras Al Khor 5.4 km |
| South-east | Rixos Financial Center Road Dubai Residences, a tower 145 m away · Meydan racecourse 4.5 km |
| South-west | The Dubai Edition, a tower 106 m away · Burj Al Arab and the sea 11.2 km · Dubai Marina skyline 19.0 km |
| West | Yansoon 3, a tower 130 m away · Sheikh Zayed Road 1.8 km · Jumeirah beach and the sea 4.5 km |
| North-west | Boulevard Point, a tower 80 m away · Burj Khalifa 0.9 km |
The building: 15 of 23 questions answered
Each answer names its source. Questions with no answer are listed as "checked, not found" so you know we looked.
- Developer
- Signature Developers
- Completed
- 2018
- Floors
- 44
- Apartments
- 28
- Unit mix
- 4-bed and 6-bed apartments
Amenities: private elevators, temperature-controlled pool, state-of-the-art gym, spa, concierge, 24/7 security, underground parking, landscaped podium, rooftop sunset lounge
Where sources disagree
No conflict found between sources.
Building
Floors, apartments and completion year
Amenities list
What do residents say on the plus side?
Is there a doorman or concierge?
Watch-outs
Small apartments
Overall rating
Security staff
Maintenance and cleanliness of common areas
Developer
Who is the developer?
Finishes
Delivery record (on time or late)
Parking
Resident parking
People
Who are my neighbours?
Around
Entertainment within a 15-minute walk
Metro and public transport
Management
Around 118 Downtown
Price against the nearest towers
| Tower | Distance | AED per sq ft, 12 months (sales) |
|---|---|---|
| 118 Downtown (this tower) | – | 3,458 (5) |
| Boulevard Point | 80 m | 2,769 (34) |
| Yansoon 3 | 130 m | – (0) |
| Rixos Financial Center Road Dubai Residences | 145 m | – (2) |
| Yansoon 4 | 152 m | 2,373 (5) |
| Sofitel Residences Downtown | 170 m | 2,498 (8) |
| Burj Royale | 180 m | 3,261 (34) |
| The Address Residence Fountain Views 2 | 190 m | 4,485 (24) |
| Burj Al Nujoom | 194 m | 1,538 (21) |
Drive times with no traffic
| To | Time | Distance |
|---|---|---|
| Dubai Mall | 6 min | 2.4 km |
| DIFC Gate | 5 min | 3.2 km |
| DXB Terminal 3 | 30 min | 20.2 km |
| Dubai Marina Mall | 23 min | 22.5 km |
| Mall of the Emirates | 17 min | 16.3 km |
| Kite Beach | 14 min | 12.3 km |
| DWC airport | 49 min | 47.6 km |
OSRM routing on OpenStreetMap roads. Real times in traffic are longer.
Own a unit here?
Ask for a report on your unit: its sales history, the same type's sales in the last 12 months and the homes for sale against it. A licensed partner agent, named on the report with the registration number, sends it. BUY DUBAI is not a broker and takes no part in the sale.
Method, sources and what we did not find
- Sales: unit-level Dubai Land Department sale records, 12 Sep 2021 to 24 Oct 2026, checked by year against Dubai Land Department open data. Our unit list does not hold every sale, so some sales are missing.
- Listings: one snapshot, 7 Oct 2026. Asking prices and asking rents.
- Residents and building facts: Google Maps reviews and guide pages (Building guide from live adverts (facts and resident opinions; rewrite in your own words; cite as "live adverts")., Resident and public material found on the open web (one passage per block; source and date under each)., live adverts: community guide), read by an AI model on 27 Oct 2026 with a fixed question list. A script checks that each answer names its source.
- Nobody visited the tower. Every fact is from a document, a map or a resident's review.
- Checked, not found for this tower: live listings, a Google Maps place, resident reviews, guides, a floor plan document, unit positions on a floor, the side and view of each unit, a licensed photo.
Corrections
Found an error? Tell us what is wrong and how you know. We check it, correct the page and list the change here.
Change log: 27 Oct 2026 first build of this page. No correction yet.