Home
Dubai prices
About
Research
Studio · 464 sqftDivine Residences, Arjan · 5th floor · completed 2021

523, Divine Residences

Sold prices and rental history: sold once, by the developer in March 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 523 · DLD and Ejari recordsUpdated 6 July 2024
Last soldAED 415K9 March 2022
Current rentAED 43K /yr6 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 523

Property timeline for 523, Divine Residences

What is 523 worth today?

Last sold for AED 415,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

6 Jul 2024RentedRenewal
AED 42,500/yr12 months · AED 92 per sqft
6 Jul 2023RentedNew contract
AED 42,500/yr12 months · AED 92 per sqft
1 Jul 2022RentedNew contract
AED 40,000/yr12 months · AED 86 per sqft
9 Mar 2022Sold by developerReady
AED 415,000AED 893 per sqft

Source: Dubai Land Department. Updated 6 July 2024.

Key facts

Type
Studio apartment
Size
464 sqft
Floor
5th of 6
Parking
G-74
Developer
Takmeel Real Estate Development
Completed
2021
Last sold
AED 415K · March 2022
Building
Divine Residences

About 523, Divine Residences

523 is a studio of 464 sqft on the 5th floor of Divine Residences, a 6-storey tower in Arjan completed in 2021 by Takmeel Real Estate Development . The developer sold it on 9 March 2022 for AED 415,000, or AED 893 per sqft, 6% below the AED 947 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 6 July 2024, is AED 42,500 a year: a gross yield of 10.2% on the 2022 price.

Sales and rents for 523 over time

Sales
Unit 523, each saleTypical studio in Divine Residences
400K500K600K2021202320252027Typical sale price by year: 2021 AED 429,750; 2022 AED 419,000; 2023 AED 545,000; 2024 AED 555,000; 2025 AED 580,000; 2026 AED 620,000Sold by developer, March 2022: AED 415,000 (AED 893 per sqft)

523 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 523, each contractTypical studio in Divine Residences
40K50K202220242026Typical rent by year: 2022 AED 34,000; 2023 AED 38,000; 2024 AED 45,000; 2025 AED 50,000; 2026 AED 52,000New contract, July 2022: AED 40,000 a yearNew contract, July 2023: AED 42,500 a yearRenewal, July 2024: AED 42,500 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Divine Residences, and where 523 sits

All 90 studios →

523 last sold in March 2022 at AED 893 per sqft, 6% below what studios in Divine Residences were fetching at the time (AED 947). Over the last 12 months studios sold for AED 580,000 to 625,000, around AED 1,322 per sqft, and rent for AED 38,115 to 60,000 a year. 523's AED 42,500 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
17 Feb 2026620,000
19 Jan 2026625,000
19 Jan 2026580,000
10 Dec 2025615,000
4 studio sales in the last 12 months

Divine Residences

Building

169 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2021 by Takmeel Real Estate Development . 5 sold in the last 12 months.

Typical price per sqft
AED 1,321
Typical sale
AED 620K
Typical rent
AED 56K /yr
Typical yield
8.1%
Divine Residences, Arjan: prices, sales and rents →

Other units on the 5th floor

All 169 units in Divine Residences
Value
5011-bedAED 670K · Feb 2022
5021-bedAED 635K · Feb 2022
5031-bedAED 547K · Jan 2022
5041-bedAED 800K · Jun 2023
5052-bedAED 876K · Jul 2022
5062-bedAED 930K · Feb 2022
5071-bedAED 721K · Aug 2022
1–7 of 27

523, Divine Residences in numbers

  • Sold once: by Takmeel Real Estate Development on 9 March 2022 for AED 415,000, or AED 893 per sqft.
  • Rented since July 2022 on 3 Ejari contracts, from AED 40,000 to AED 42,500 a year.
  • At AED 42,500 a year the gross yield on the 2022 price is 10.2%.
  • Studios in Divine Residences sold for AED 580,000–625,000 in the 12 months to November 2026; the building's median across all types is AED 1,321 per sqft.

Source: Dubai Land Department. Updated 6 July 2024.

Questions about 523, Divine Residences

What did unit 523 last sell for?

AED 415,000 on 9 March 2022, sold by the developer: AED 893 per sqft for 464 sqft. It is the only registered sale of the unit.

What is the rent for unit 523?

AED 42,500 a year on the contract renewed on 6 July 2024. The previous contract, from July 2023, was AED 42,500; the unit has been rented since July 2022.

How big is unit 523?

464 sqft (43.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2021.

What is unit 523 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Divine Residences sold for AED 580,000 to 625,000 in the last 12 months, around AED 1,322 per sqft.

Selling 523? 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.

How OpenOffers works

Mortgage on 523, Divine Residences

Starts from the last sale price (AED 415K, 9 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 415,000
Deposit, UAE resident (20%)
AED 83,000
Deposit, non-resident (40%)
AED 166,000
Monthly over 25 years at 3.7%
AED 1,698

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →