The 118, Downtown Dubai: sale prices and transactions
The 118 is a project registered with the Dubai Land Department (project no. 1632) in Downtown Dubai. Since August 2015, 44 residential sales have been registered there, the latest in August 2026. Over the last 12 months, 7 sales closed at a median AED 40,042 per m² (AED 3,720 per sq ft).
- AED 40,042median price per m²
- AED 3,720median price per sq ft
- 44sales since 2015
- 7sales in 12 months
Its price per m² is 26.5% above the Downtown Dubai median (AED 31,650/m²). Sales combine off-plan purchases (25%) and resales of completed homes.
The 118 prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · 4 bedrooms | 7 | AED 24,740,000 | 618 m² |
The 118 price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2023 | 9 | AED 35,607 | AED 3,308 | — |
| 2024 | 7 | AED 39,977 | AED 3,714 | +12.3% |
| 2025 | 6 | AED 40,252 | AED 3,740 | +0.7% |
Location
- Nearest metro: Buj Khalifa Dubai Mall Metro Station
- Shopping mall: Dubai Mall
- Landmark: Downtown Dubai
Neighbouring projects in Downtown Dubai
Same price per m² elsewhere in Dubai
- Bluewaters Bay, Marsa Dubai — AED 40,016/m²
- Grand Bleu Tower interiors by Elie Saab, Dubai Harbour — AED 39,933/m²
- Iconic, Site A — AED 40,294/m²
- Baystar by VIDA, Mina Rashid — AED 39,594/m²
Other projects in Downtown Dubai
- Solara Tower Dubai — AED 40,248/m²
- Vida Dubai Mall — AED 40,388/m²
- Binghatti Skyblade — AED 42,075/m²
- The Address Dubai Opera — AED 37,553/m²
- Opulent Residences — AED 37,532/m²
- Grande — AED 37,448/m²
- Burj Royale — AED 36,381/m²
- ROVE HOME RESIDENCES by IRTH — AED 36,301/m²
Downtown Dubai property prices · Downtown Dubai rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at The 118?
Over the last 12 months the median is AED 3,720 per sq ft (AED 40,042 per m²) across 7 DLD sales.
How much is a 4 bedrooms at The 118?
Median sale price AED 24,740,000 for a median 618 m², across 7 sales over the last 12 months.
How many sales have been registered at The 118?
44 residential sales registered with the DLD between August 2015 and August 2026, 25% of them off-plan.
Where is The 118?
In Downtown Dubai (DLD area Burj Khalifa), Dubai; nearest metro station per the DLD: Buj Khalifa Dubai Mall Metro Station.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.