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Studio · 396 sqftElz Residence by Danube, Arjan · 5th floor · completed 2022

516, Elz Residence by Danube

Sold prices and rental history: sold twice, last in February 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 10 August 2024
Last soldAED 430K13 February 2024
Current rentAED 37K /yr10 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Elz Residence by Danube

What is 516 worth today?

Last sold for AED 430,000 in 2024

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10 Aug 2024RentedNew contract
AED 37,400/yr11 months · AED 94 per sqft
13 Feb 2024SoldReady
AED 430,000AED 1,085 per sqft
10 Aug 2023RentedNew contract
AED 34,000/yr12 months · AED 85 per sqft
1 Aug 2022RentedNew contract
AED 28,000/yr12 months · AED 70 per sqft
25 Dec 2018Sold by developerOff-plan
AED 390,000AED 984 per sqft

Source: Dubai Land Department. Updated 10 August 2024.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
5th of 8
Parking
B-141
Developer
Danube Properties Development
Completed
2022
Service charge
AED 4,600 /yr
Last sold
AED 430K · February 2024
Building
Elz Residence by Danube

About 516, Elz Residence by Danube

516 is a studio of 396 sqft on the 5th floor of Elz Residence by Danube, a 8-storey tower in Arjan completed in 2022 by Danube Properties Development. It last sold on 13 February 2024 for AED 430,000, or AED 1,085 per sqft, 3% above the AED 1,050 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 10 August 2024, is AED 37,400 a year: a gross yield of 8.7% on the 2024 price, before the service charge of about AED 4,600 a year.

Sales and rents for 516 over time

Sales
Unit 516, each saleTypical studio in Elz Residence by Danube
400K500K20182020202220242026Typical sale price by year: 2018 AED 404,000; 2019 AED 388,080; 2020 AED 398,245; 2021 AED 403,750; 2022 AED 376,325; 2023 AED 412,500; 2024 AED 450,000; 2025 AED 515,000Sold by developer, December 2018: AED 390,000 (AED 984 per sqft)Sold, February 2024: AED 430,000 (AED 1,085 per sqft)

516 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 516, each contractTypical studio in Elz Residence by Danube
30K40K202220242026Typical rent by year: 2022 AED 28,920; 2023 AED 34,000; 2024 AED 39,900; 2025 AED 42,000; 2026 AED 45,000New contract, August 2022: AED 28,000 a yearNew contract, August 2023: AED 34,000 a yearNew contract, August 2024: AED 37,400 a year

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

Studios in Elz Residence by Danube, and where 516 sits

All 205 studios →

516 last sold in February 2024 at AED 1,085 per sqft, 3% above what studios in Elz Residence by Danube were fetching at the time (AED 1,050). Over the last 12 months studios sold for AED 530,000 to 550,000, around AED 1,364 per sqft, and rent for AED 36,181 to 60,000 a year. 516's AED 37,400 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Feb 2026537,000
30 Jul 2025525,000
29 Jul 2025490,000
17 Jul 2025510,000
4 studio sales in the last 12 months

Elz Residence by Danube

Building

270 apartments, studios to 2-bed over 8 floors in Arjan, completed in 2022 by Danube Properties Development. 7 sold in the last 12 months.

Typical price per sqft
AED 1,244
Typical sale
AED 550K
Typical rent
AED 44K /yr
Typical yield
8.5%
Elz Residence by Danube, Arjan: prices, sales and rents →

Other units on the 5th floor

All 270 units in Elz Residence by Danube
Value
501StudioAED 550K · Jun 2025
502StudioAED 387K · Jan 2019
5032-bedAED 901K · Feb 2021
504StudioAED 410K · Sep 2023
505StudioAED 413K · Apr 2022
506StudioAED 379K · Mar 2019
5071-bedAED 800K · Apr 2025
1–7 of 33

516, Elz Residence by Danube in numbers

  • Sold twice: first on 25 December 2018 for AED 390,000, last on 13 February 2024 for AED 430,000 (AED 1,085 per sqft).
  • Rented since August 2022 on 3 Ejari contracts, from AED 28,000 to AED 37,400 a year.
  • At AED 37,400 a year the gross yield on the 2024 price is 8.7%, before a service charge of about AED 4,600 a year (AED 11.65 per sqft).
  • Studios in Elz Residence by Danube sold for AED 530,000–550,000 in the 12 months to November 2026; the building's median across all types is AED 1,244 per sqft.

Source: Dubai Land Department. Updated 10 August 2024.

Questions about 516, Elz Residence by Danube

What did unit 516 last sell for?

AED 430,000 on 13 February 2024: AED 1,085 per sqft for 396 sqft. The unit has 2 registered sales; the first was AED 390,000 in December 2018.

What is the rent for unit 516?

AED 37,400 a year on the contract signed on 10 August 2024. The previous contract, from August 2023, was AED 34,000; the unit has been rented since August 2022.

How big is unit 516?

396 sqft (36.8 sqm): a studio on the 5th floor of a 8-storey tower completed in 2022.

What is unit 516 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Elz Residence by Danube sold for AED 530,000 to 550,000 in the last 12 months, around AED 1,364 per sqft.

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Mortgage on 516, Elz Residence by Danube

Starts from the last sale price (AED 430K, 13 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 430,000
Deposit, UAE resident (20%)
AED 86,000
Deposit, non-resident (40%)
AED 172,000
Monthly over 25 years at 3.7%
AED 1,759

Plus AED 20,970 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →