Unit 229, Belgravia 1: what it sold for and what it is worth now

Unit 229 at Belgravia 1 is a 1 bed of 970 sq ft. It last sold for AED 1,000,000 on 30 May 2023. At AED 1,282 per sq ft, from 7 sales in the building in the last 12 months (1 bed), it is worth about AED 1,244,000 today.

Value todayAED 1,244,000AED 1,172,000 to AED 1,275,000
Last saleAED 1,000,00030 May 2023 · Resale
Change since last sale+24.4%Building trend alone: AED 1,243,440
Rent (median asking, 1 bed)AED 85,000Gross yield 6.8%
Bedrooms1 bed
Size970 sq ft
Floor2 (from the unit number)
Position in the towerStack 29: units ending 29 share the same layout and view
BuildingBelgravia 1 by Ellington Properties, handed over 2017
Registered sales of this unit1

Every registered sale of unit 229

DatePriceSizeAED/sq ftType
30 May 2023AED 1,000,000970 sq ft1,031Resale

Units ending 29 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
32922 Nov 2021AED 820,0001,043 sq ft786Resale

Latest 1 bed sales in Belgravia 1

UnitDatePriceSizeAED/sq ftType
2277 Sep 2026AED 1,139,000998 sq ft1,141Resale
30227 Jul 2026AED 1,100,000970 sq ft1,134Resale
2284 Mar 2026AED 1,270,000970 sq ft1,309Resale
34117 Feb 2026AED 1,300,000970 sq ft1,340Resale
33616 Jan 2026AED 1,250,000975 sq ft1,282Resale
1225 Jan 2026AED 1,280,000970 sq ft1,320Resale
23213 Nov 2025AED 1,330,0001,043 sq ft1,275Resale
G1429 Sep 2025AED 1,250,000941 sq ft1,328Resale

How we worked out the value

We took the 7 sales in Belgravia 1 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,282). We multiplied it by the size of this unit (970 sq ft). The range uses the middle half of those sales (AED 1,208 to AED 1,314 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,243,440. Floor, view, condition and upgrades can move the price either way. Sales data to 14 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 229 at Belgravia 1 worth?

About AED 1,244,000 (range AED 1,172,000 to AED 1,275,000), based on AED 1,282 per sq ft from registered sales up to 14 Oct 2026.

When did unit 229 last sell?

30 May 2023, for AED 1,000,000 (resale). It has 1 registered sale.

What rent can unit 229 make?

A 1 bed in Belgravia 1 rents for about AED 85,000 a year (median asking rent). That is a gross yield of 6.8% on the estimate.

Sales alert for Belgravia 1All sales in Belgravia 1

Unit 228 · Unit 230