508, 1 Residences by Wasl Tower 1
Sold prices and rental history: sold once, by the developer in January 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, 1 Residences by Wasl Tower 1
What is 508 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,439 sqft
- Floor
- 5th of 42
- Parking
- B3-184
- Developer
- Wasl
- Completed
- 2022
- Last sold
- AED 2.27M · January 2023
- Building
- 1 Residences by Wasl Tower 1
About 508, 1 Residences by Wasl Tower 1
508 is a two-bedroom apartment of 1,439 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 January 2023 for AED 2,266,299, or AED 1,574 per sqft, 9% below the AED 1,726 two-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 15 March 2025, is AED 140,000 a year: a gross yield of 6.2% on the 2023 price.
Sales and rents for 508 over time
508 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in 1 Residences by Wasl Tower 1, and where 508 sits
All 197 2-beds →508 last sold in January 2023 at AED 1,574 per sqft, 9% below what two-beds in 1 Residences by Wasl Tower 1 were fetching at the time (AED 1,726). Over the last 12 months two-beds sold for AED 2,270,000 to 3,200,000, around AED 2,074 per sqft, and rent for AED 145,000 to 200,000 a year. 508's AED 140,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Feb 202611 February 2026 | 1,273 sqft | 3,200,000 | 2,513 | ||
| 4 Feb 20264 February 2026 | 1,502 sqft | 3,000,000 | 1,997 | ||
| 25 Dec 202525 December 2025 | 1,273 sqft | 2,740,000 | 2,151 | ||
| 22 Jul 202522 July 2025 | 1,368 sqft | 2,500,000 | 1,827 |
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 | ||
| 505 | 1-bed | 924 sqft | AED 1.37MAED 1,374,981 · Nov 2022November 2022 | 90,000 /yr | |
| 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 | |
| 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 |
508, 1 Residences by Wasl Tower 1 in numbers
- Sold once: by Wasl on 10 January 2023 for AED 2,266,299, or AED 1,574 per sqft.
- Rented since March 2023 on 3 Ejari contracts, at AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2023 price is 6.2%.
- Two-beds in 1 Residences by Wasl Tower 1 sold for AED 2,270,000–3,200,000 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 15 March 2025.
Questions about 508, 1 Residences by Wasl Tower 1
What did unit 508 last sell for?
AED 2,266,299 on 10 January 2023, sold by the developer: AED 1,574 per sqft for 1,439 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 140,000 a year on the contract renewed on 15 March 2025. The previous contract, from March 2024, was AED 140,000; the unit has been rented since March 2023.
How big is unit 508?
1,439 sqft (133.7 sqm): a two-bedroom apartment on the 5th floor of a 42-storey tower completed in 2022.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 1 Residences by Wasl Tower 1 sold for AED 2,270,000 to 3,200,000 in the last 12 months, around AED 2,074 per sqft.
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Mortgage on 508, 1 Residences by Wasl Tower 1
Starts from the last sale price (AED 2.27M, 10 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,266,299
- Deposit, UAE resident (20%)
- AED 453,260
- Deposit, non-resident (40%)
- AED 906,520
- Monthly over 25 years at 3.7%
- AED 9,272
Plus AED 100,195 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →