506, Avanti Tower
Sold prices and rental history: sold once, by the developer in January 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Avanti Tower
What is 506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 26 October 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 560 sqft
- Floor
- 5th of 15
- Parking
- P1-21
- Developer
- DAMAC
- Completed
- 2018
- Last sold
- AED 1.01M · January 2018
- Building
- Avanti Tower
About 506, Avanti Tower
506 is a studio of 560 sqft on the 5th floor of Avanti Tower, a 15-storey tower in Business Bay completed in 2018 by DAMAC. The developer sold it on 31 January 2018 for AED 1,005,840, or AED 1,794 per sqft, 5% below the AED 1,887 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 26 October 2024, is AED 55,125 a year: a gross yield of 5.5% on the 2018 price.
Sales and rents for 506 over time
506 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Avanti Tower, and where 506 sits
All 63 studios →506 last sold in January 2018 at AED 1,794 per sqft, 5% below what studios in Avanti Tower were fetching at the time (AED 1,887). Over the last 12 months studios sold for AED 700,000, around AED 1,482 per sqft, and rent for AED 56,949 to 70,000 a year. 506's AED 55,125 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Dec 202511 December 2025 | 472 sqft | 700,000 | 1,482 | ||
| 9 Jul 20259 July 2025 | 384 sqft | 720,000 | 1,874 | ||
| 2 Jun 20252 June 2025 | 384 sqft | 755,000 | 1,964 | ||
| 23 May 202523 May 2025 | 360 sqft | 531,666 | 1,476 |
Avanti Tower
Building159 apartments, studios to 3-bed over 15 floors in Business Bay, completed in 2018 by DAMAC. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,478
- Typical sale
- AED 1.4M
- Typical rent
- AED 85K /yr
- Typical yield
- 7.2%
Other units on the 5th floor
All 159 units in Avanti Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,234 sqft | AED 1.45MAED 1,450,000 · Aug 2024August 2024 | 105,000 /yr | |
| 502 | 1-bed | 880 sqft | AED 1MAED 1,000,000 · Feb 2025February 2025 | 95,000 /yr | |
| 503 | Studio | 360 sqft | AED 532KAED 531,666 · May 2025May 2025 | 69,000 /yr | |
| 504 | 1-bed | 955 sqft | AED 1.18MAED 1,179,269 · Jul 2023July 2023 | 92,000 /yr | |
| 505 | 2-bed | 1,294 sqft | AED 1.52MAED 1,517,533 · Feb 2026February 2026 | 94,461 /yr | |
| 507 | Studio | 384 sqft | AED 720KAED 720,000 · Jul 2025July 2025 | 65,000 /yr | |
| 508 | 1-bed | 928 sqft | AED 1.2MAED 1,202,460 · Jun 2022June 2022 | 90,000 /yr | |
| 509 | Studio | 532 sqft | AED 1.08MAED 1,081,100 · Jun 2014June 2014 | 61,000 /yr | |
| 510 | 1-bed | 901 sqft | AED 1.3MAED 1,300,000 · Sep 2023September 2023 | 83,000 /yr | |
| 511 | 2-bed | 1,290 sqft | AED 1.6MAED 1,603,000 · May 2022May 2022 | ||
| 507A | Studio | 454 sqft | AED 830KAED 830,000 · Nov 2017November 2017 | 53,361 /yr | |
| 507B | 1-bed | 862 sqft | AED 1.29MAED 1,293,600 · Jun 2023June 2023 | 90,000 /yr |
506, Avanti Tower in numbers
- Sold once: by DAMAC on 31 January 2018 for AED 1,005,840, or AED 1,794 per sqft.
- Rented since September 2019 on 6 Ejari contracts. The rent fell from AED 48,000 to AED 35,000 in 2020 and recovered to AED 55,125 by October 2024.
- At AED 55,125 a year the gross yield on the 2018 price is 5.5%.
- Studios in Avanti Tower sold for AED 700,000–700,000 in the 12 months to November 2026; the building's median across all types is AED 1,478 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 26 October 2024.
Questions about 506, Avanti Tower
What did unit 506 last sell for?
AED 1,005,840 on 31 January 2018, sold by the developer: AED 1,794 per sqft for 560 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 55,125 a year on the contract signed on 26 October 2024. The previous contract, from October 2023, was AED 52,500; the unit has been rented since September 2019.
How big is unit 506?
560 sqft (52.0 sqm): a studio on the 5th floor of a 15-storey tower completed in 2018.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Avanti Tower sold for AED 700,000 to 700,000 in the last 12 months, around AED 1,482 per sqft.
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Mortgage on 506, Avanti Tower
Starts from the last sale price (AED 1.01M, 31 January 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,005,840
- Deposit, UAE resident (20%)
- AED 201,168
- Deposit, non-resident (40%)
- AED 402,336
- Monthly over 25 years at 3.7%
- AED 4,115
Plus AED 47,256 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →