What is the rental yield in The 118?

The 118 returns 5.73% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 10 rental contracts registered in the last 24 months.

How much does a 4+ bedroom in The 118 cost?

The median registered sale price is AED 25.00M (3,759 AED/sqft), from 12 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in The 118 selling for right now?

Registered sales of ready units in The 118 over the last 12 months have a median of 3,720 AED/sqft, across 7 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in The 118 risen or fallen?

Median price per square foot moved -4.8% over the last 12 months against the 12 before it, on 12 registered sales. On a sample this size, read the direction rather than the exact figure.

How does The 118 compare with Downtown Dubai?

Its 5.73% gross yield sits +0.3 pts against the Downtown Dubai median of 5.41%, computed at the same bedroom grain over the same 24-month window.

The 118 — sale prices & yield | Downtown Dubai, Dubai

Buy: 25.00MAED; AED 3,720/sqft
Long-let: 5.73%; AED 1.43M/yr

Price per sqft: Median of 7 registered sales of ready units in the last 12 months, most recent August 2026.

Priced off 3 sales in the last 3 months.

Yield spread: +0.3 pts; vs the Downtown Dubai median for this unit type
Turnover upside: -28.3%; new tenants pay less than sitting ones — 5 renewals
AED/yr/sqft: AED 211
Sales: 12
Rental contracts: 10
Renewal rent: AED 2.00M/yr

12 months: -4.8%
3 years: +12.4%+4.0%/yr

Based on 12 sales and 10 rental contracts in the last 24 months.

The 118 is an apartment building in Downtown Dubai, Dubai. The closest metro station is Burj Khalifa / Dubai Mall Metro Station, the nearest mall Dubai Mall and the nearest landmark Downtown Dubai. Land Department records for it run from 2015 to 2026, 88 registered sales in all — the 12 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in The 118, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
4+ bed	AED 25.00M	3759	5.73% +0.3 pts	-4.8%	12

Deltas compare each yield with the Downtown Dubai median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Off-plan vs resale

Units sold off-plan in The 118 between 2015 and 2016 went for a median of AED 3,171/sqft (AED 20.80M). The same building resells today at AED 3,759/sqft (AED 25.00M) — an uplift of +20.2%.

Based on 11 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

7 resales in the last 12 months, against 7 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
4 Aug 2026	4+ bed	6,650	AED 25,000,000	3,759
28 Jul 2026	4+ bed	6,650	AED 18,000,000	2,707
2 Jun 2026	4+ bed	6,650	AED 30,700,000	4,616

3 resales in the last 3 months.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
1 Sept 2026	4+ bed	6,650	AED 3,200,000	481	Renewal
1 Sept 2026	4+ bed	6,650	AED 1,300,000	195	New

2 contracts starting on or after 26 May 2026.

Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 28
Flats: 28
Lifts: 5
Parking bays: 121
Swimming pools: 1
Flats per lift: 5.6
Parking per flat: 4.32
Pools per 100 flats: 3.57

Nearby

Metro: Burj Khalifa / Dubai Mall Metro Station
Mall: Dubai Mall
Landmark: Downtown Dubai

Compare with nearby buildings

The most-traded buildings in Downtown Dubai, on the same figures over the same window.

Highest rental yields in Downtown Dubai · The 118 places 35th of 55

Common questions

What is the rental yield in The 118?: The 118 returns 5.73% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 10 rental contracts registered in the last 24 months.
How much does a 4+ bedroom in The 118 cost?: The median registered sale price is AED 25.00M (3,759 AED/sqft), from 12 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in The 118 selling for right now?: Registered sales of ready units in The 118 over the last 12 months have a median of 3,720 AED/sqft, across 7 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in The 118 risen or fallen?: Median price per square foot moved -4.8% over the last 12 months against the 12 before it, on 12 registered sales. On a sample this size, read the direction rather than the exact figure.
How does The 118 compare with Downtown Dubai?: Its 5.73% gross yield sits +0.3 pts against the Downtown Dubai median of 5.41%, computed at the same bedroom grain over the same 24-month window.

The 118