B-511, Artesia Tower B
Sold prices and rental history: sold once, by the developer in July 2014, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B-511, Artesia Tower B
What is B-511 worth today?
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Source: Dubai Land Department. Updated 10 November 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 473 sqft
- Parking
- P2-43
- Developer
- DAMAC
- Completed
- 2021
- Service charge
- AED 10,400 /yr
- Last sold
- AED 745K · July 2014
- Building
- Artesia Tower B
About B-511, Artesia Tower B
B-511 is a studio of 473 sqft of Artesia Tower B, a 23-storey tower in Damac Hills completed in 2021 by DAMAC. The developer sold it on 14 July 2014 for AED 744,800, or AED 1,573 per sqft, in line with the AED 1,559 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 10 November 2024, is AED 37,485 a year: a gross yield of 5.0% on the 2014 price, before the service charge of about AED 10,400 a year.
Sales and rents for B-511 over time
B-511 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 Artesia Tower B, and where B-511 sits
All 78 studios →B-511 last sold in July 2014 at AED 1,573 per sqft, in line with what studios in Artesia Tower B were fetching at the time (AED 1,559). B-511's AED 37,485 is at the bottom 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-511, Artesia Tower B in numbers
- Sold once: by DAMAC on 14 July 2014 for AED 744,800, or AED 1,573 per sqft.
- Rented since October 2022 on 3 Ejari contracts, from AED 34,000 to AED 37,485 a year.
- At AED 37,485 a year the gross yield on the 2014 price is 5.0%, before a service charge of about AED 10,400 a year (AED 21.96 per sqft).
Source: Dubai Land Department. Updated 10 November 2024.
Questions about B-511, Artesia Tower B
What did unit B-511 last sell for?
AED 744,800 on 14 July 2014, sold by the developer: AED 1,573 per sqft for 473 sqft. It is the only registered sale of the unit.
What is the rent for unit B-511?
AED 37,485 a year on the contract renewed on 10 November 2024. The previous contract, from November 2023, was AED 35,700; the unit has been rented since October 2022.
How big is unit B-511?
473 sqft (43.9 sqm): a studio of a 23-storey tower completed in 2021.
What is unit B-511 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-511, Artesia Tower B
Starts from the last sale price (AED 745K, 14 July 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 744,800
- Deposit, UAE resident (20%)
- AED 148,960
- Deposit, non-resident (40%)
- AED 297,920
- Monthly over 25 years at 3.7%
- AED 3,047
Plus AED 36,292 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →