B-502, Artesia Tower B
Sold prices and rental history: sold twice, last in October 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B-502, Artesia Tower B
What is B-502 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 463 sqft
- Parking
- P2-293
- Developer
- DAMAC
- Completed
- 2021
- Service charge
- AED 10,200 /yr
- Last sold
- AED 480K · October 2022
- Building
- Artesia Tower B
About B-502, Artesia Tower B
B-502 is a studio of 463 sqft of Artesia Tower B, a 23-storey tower in Damac Hills completed in 2021 by DAMAC. It last sold on 12 October 2022 for AED 480,000, or AED 1,037 per sqft, 4% below the AED 1,084 studios in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 August 2024, is AED 49,500 a year: a gross yield of 10.3% on the 2022 price, before the service charge of about AED 10,200 a year.
Sales and rents for B-502 over time
B-502 has sold twice; 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 Artesia Tower B, and where B-502 sits
All 78 studios →B-502 last sold in October 2022 at AED 1,037 per sqft, 4% below what studios in Artesia Tower B were fetching at the time (AED 1,084). B-502's AED 49,500 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jun 202523 June 2025 | 473 sqft | 760,000 | 1,605 | ||
| 10 Jun 202510 June 2025 | 578 sqft | 585,000 | 1,011 | ||
| 20 May 202520 May 2025 | 473 sqft | 575,000 | 1,214 | ||
| 7 May 20257 May 2025 | 472 sqft | 550,000 | 1,164 |
Artesia Tower B
Building19 apartments, studios to 3-bed over 23 floors in Damac Hills, completed in 2021 by DAMAC. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,187
- Typical sale
- AED 1.1M
- Typical rent
- AED 80K /yr
- Typical yield
- 8.4%
B-502, Artesia Tower B in numbers
- Sold twice: first on 18 September 2014 for AED 779,000, last on 12 October 2022 for AED 480,000 (AED 1,037 per sqft).
- Rented since August 2023 on 2 Ejari contracts, at AED 49,500 a year.
- At AED 49,500 a year the gross yield on the 2022 price is 10.3%, before a service charge of about AED 10,200 a year (AED 21.96 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.
Questions about B-502, Artesia Tower B
What did unit B-502 last sell for?
AED 480,000 on 12 October 2022: AED 1,037 per sqft for 463 sqft. The unit has 2 registered sales; the first was AED 779,000 in September 2014.
What is the rent for unit B-502?
AED 49,500 a year on the contract signed on 1 August 2024. The previous contract, from August 2023, was AED 49,500.
How big is unit B-502?
463 sqft (43.0 sqm): a studio of a 23-storey tower completed in 2021.
What is unit B-502 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 B-502, Artesia Tower B
Starts from the last sale price (AED 480K, 12 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 480,000
- Deposit, UAE resident (20%)
- AED 96,000
- Deposit, non-resident (40%)
- AED 192,000
- Monthly over 25 years at 3.7%
- AED 1,964
Plus AED 23,070 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →