508, Burj View Residence
Sold prices and rental history: sold once, by the developer in May 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Burj View Residence
What is 508 worth today?
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Source: Dubai Land Department. Updated 17 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 876 sqft
- Floor
- 5th of 6
- Parking
- G-34
- Developer
- Al Madar Investment
- Completed
- 2016
- Service charge
- AED 10,500 /yr
- Last sold
- AED 644K · May 2024
- Building
- Burj View Residence
About 508, Burj View Residence
508 is a one-bedroom apartment of 876 sqft on the 5th floor of Burj View Residence, a 6-storey tower in Arjan completed in 2016 by Al Madar Investment. The developer sold it on 17 May 2024 for AED 643,822, or AED 735 per sqft, in line with the AED 754 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 10 March 2024, is AED 47,650 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 10,500 a year.
Sales and rents for 508 over time
508 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 Burj View Residence, and where 508 sits
All 27 1-beds →508 last sold in May 2024 at AED 735 per sqft, in line with what one-beds in Burj View Residence were fetching at the time (AED 754). 508's AED 47,650 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Jul 20258 July 2025 | 874 sqft | 1,097,664 | 1,255 | ||
| 25 Jun 202525 June 2025 | 877 sqft | 1,099,000 | 1,252 | ||
| 16 Jun 202516 June 2025 | 905 sqft | 1,137,000 | 1,256 | ||
| 30 Apr 202530 April 2025 | 908 sqft | 1,135,000 | 1,249 |
Burj View Residence
Building119 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2016 by Al Madar Investment. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,297
- Typical sale
- AED 983K
- Typical rent
- AED 68K /yr
- Typical yield
- 8.8%
Other units on the 5th floor
All 119 units in Burj View Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,290 sqft | AED 1.59MAED 1,585,700 · Apr 2025April 2025 | 115,000 /yr | |
| 502 | 1,281 sqft | AED 1.63MAED 1,625,000 · Nov 2025November 2025 | 70,693 /yr | ||
| 503 | 1-bed | 817 sqft | AED 1.07MAED 1,065,000 · Oct 2024October 2024 | 46,459 /yr | |
| 504 | 1-bed | 817 sqft | AED 776KAED 775,748 · May 2024May 2024 | 48,070 /yr | |
| 505 | 1-bed | 876 sqft | AED 1.15MAED 1,154,500 · Jan 2025January 2025 | 60,000 /yr | |
| 506 | 2-bed | 1,287 sqft | AED 1.57MAED 1,572,000 · Sep 2024September 2024 | 79,000 /yr | |
| 507 | 2-bed | 1,287 sqft | AED 1.5MAED 1,500,000 · Jun 2025June 2025 | 66,550 /yr | |
| 509 | 1-bed | 817 sqft | AED 1.08MAED 1,082,720 · Nov 2024November 2024 | 80,000 /yr | |
| 510 | 2-bed | 1,145 sqft | AED 842KAED 841,732 · May 2024May 2024 | 120,000 /yr | |
| 511 | 2-bed | 1,295 sqft | AED 1.59MAED 1,585,700 · Mar 2025March 2025 | 60,720 /yr | |
| 512 | Studio | 467 sqft | AED 642KAED 642,000 · Jun 2025June 2025 | 55,000 /yr | |
| 513 | Studio | 543 sqft | AED 758KAED 757,500 · Apr 2025April 2025 | 52,000 /yr | |
| 514 | Studio | 465 sqft | AED 642KAED 642,000 · Jun 2025June 2025 | 34,155 /yr | |
| 515 | Studio | 464 sqft | AED 630KAED 630,000 · Jul 2025July 2025 | 31,050 /yr | |
| 516 | Studio | 464 sqft | AED 683KAED 682,760 · Feb 2025February 2025 | 46,000 /yr | |
| 517 | 465 sqft | AED 695KAED 695,000 · Nov 2025November 2025 | 53,000 /yr | ||
| 518 | Studio | 544 sqft | AED 760KAED 760,000 · Sep 2024September 2024 | 53,000 /yr | |
| 519 | Studio | 434 sqft | AED 645KAED 645,000 · Nov 2024November 2024 | 50,000 /yr | |
| 520 | Studio | 463 sqft | AED 700KAED 699,980 · Mar 2025March 2025 | 29,000 /yr |
508, Burj View Residence in numbers
- Sold once: by Al Madar Investment on 17 May 2024 for AED 643,822, or AED 735 per sqft.
- Rented since March 2017 on 6 Ejari contracts. The rent fell from AED 65,500 to AED 38,000 in 2022 and recovered to AED 47,650 by March 2024.
- At AED 47,650 a year the gross yield on the 2024 price is 7.4%, before a service charge of about AED 10,500 a year (AED 12.00 per sqft).
Source: Dubai Land Department. Updated 17 May 2024.
Questions about 508, Burj View Residence
What did unit 508 last sell for?
AED 643,822 on 17 May 2024, sold by the developer: AED 735 per sqft for 876 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 47,650 a year on the contract renewed on 10 March 2024. The previous contract, from March 2023, was AED 43,000; the unit has been rented since March 2017.
How big is unit 508?
876 sqft (81.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2016.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 508, Burj View Residence
Starts from the last sale price (AED 644K, 17 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 643,822
- Deposit, UAE resident (20%)
- AED 128,764
- Deposit, non-resident (40%)
- AED 257,529
- Monthly over 25 years at 3.7%
- AED 2,634
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →