505, 1 Residences by Wasl Tower 1
Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, 1 Residences by Wasl Tower 1
What is 505 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 924 sqft
- Floor
- 5th of 42
- Parking
- B3-164
- Developer
- Wasl
- Completed
- 2022
- Last sold
- AED 1.37M · November 2022
- Building
- 1 Residences by Wasl Tower 1
About 505, 1 Residences by Wasl Tower 1
505 is a one-bedroom apartment of 924 sqft on the 5th floor of 1 Residences by Wasl Tower 1, a 42-storey tower in Al Kifaf completed in 2022 by Wasl. The developer sold it on 10 November 2022 for AED 1,374,981, or AED 1,488 per sqft, 8% below the AED 1,610 one-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 May 2025, is AED 90,000 a year: a gross yield of 6.6% on the 2022 price.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in 1 Residences by Wasl Tower 1, and where 505 sits
All 124 1-beds →505 last sold in November 2022 at AED 1,488 per sqft, 8% below what one-beds in 1 Residences by Wasl Tower 1 were fetching at the time (AED 1,610). Over the last 12 months one-beds sold for AED 1,650,000 to 1,765,000, around AED 1,810 per sqft, and rent for AED 95,000 to 146,000 a year. 505's AED 90,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Feb 202611 February 2026 | 945 sqft | 1,675,000 | 1,773 | ||
| 12 Jan 202612 January 2026 | 922 sqft | 1,650,000 | 1,788 | ||
| 9 Jan 20269 January 2026 | 945 sqft | 1,730,000 | 1,831 | ||
| 8 Dec 20258 December 2025 | 887 sqft | 1,765,000 | 1,990 |
1 Residences by Wasl Tower 1
Building371 apartments, 1-bed to 3-bed over 42 floors in Al Kifaf, completed in 2022 by Wasl. 8 sold in the last 12 months.
- Typical price per sqft
- AED 1,911
- Typical sale
- AED 2.02M
- Typical rent
- AED 120K /yr
- Typical yield
- 6.3%
Other units on the 5th floor
All 371 units in 1 Residences by Wasl Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,540 sqft | AED 2.43MAED 2,425,831 · Jan 2023January 2023 | ||
| 502 | 2-bed | 1,273 sqft | AED 2.01MAED 2,005,385 · Nov 2022November 2022 | ||
| 503 | 2-bed | 1,401 sqft | AED 2.45MAED 2,450,000 · May 2024May 2024 | ||
| 504 | 1-bed | 888 sqft | AED 1.32MAED 1,321,968 · Nov 2022November 2022 | ||
| 506 | 2-bed | 1,502 sqft | AED 2.33MAED 2,327,970 · Feb 2023February 2023 | 155,000 /yr | |
| 507 | 2-bed | 1,273 sqft | AED 2.03MAED 2,029,128 · Nov 2022November 2022 | 137,813 /yr | |
| 508 | 2-bed | 1,439 sqft | AED 2.27MAED 2,266,299 · Jan 2023January 2023 | 140,000 /yr | |
| 509 | 1-bed | 924 sqft | AED 1.39MAED 1,386,160 · Nov 2022November 2022 | 110,000 /yr | |
| 510 | 1-bed | 888 sqft | AED 1.68MAED 1,680,000 · May 2025May 2025 | 90,000 /yr |
505, 1 Residences by Wasl Tower 1 in numbers
- Sold once: by Wasl on 10 November 2022 for AED 1,374,981, or AED 1,488 per sqft.
- Rented since March 2023 on 2 Ejari contracts, at AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2022 price is 6.6%.
- One-beds in 1 Residences by Wasl Tower 1 sold for AED 1,650,000–1,765,000 in the 12 months to November 2026; the building's median across all types is AED 1,911 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2025.
Questions about 505, 1 Residences by Wasl Tower 1
What did unit 505 last sell for?
AED 1,374,981 on 10 November 2022, sold by the developer: AED 1,488 per sqft for 924 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 90,000 a year on the contract signed on 1 May 2025. The previous contract, from March 2023, was AED 90,000.
How big is unit 505?
924 sqft (85.8 sqm): a one-bedroom apartment on the 5th floor of a 42-storey tower completed in 2022.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in 1 Residences by Wasl Tower 1 sold for AED 1,650,000 to 1,765,000 in the last 12 months, around AED 1,810 per sqft.
Selling 505? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 505, 1 Residences by Wasl Tower 1
Starts from the last sale price (AED 1.37M, 10 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,374,981
- Deposit, UAE resident (20%)
- AED 274,996
- Deposit, non-resident (40%)
- AED 549,992
- Monthly over 25 years at 3.7%
- AED 5,625
Plus AED 62,759 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →