Home
Dubai prices
About
Research
2-bed · 1,726 sqft8 Boulevard Walk, Downtown Dubai · 5th floor · completed 2008

502, 8 Boulevard Walk

Sold prices and rental history: sold twice, last in July 2014, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 21 March 2018
Last soldAED 2.9M24 July 2014
Current rentAED 124K /yr21 March 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 502

Property timeline for 502, 8 Boulevard Walk

What is 502 worth today?

Last sold for AED 2,900,000 in 2014

Unlock today's estimate, updated daily, with

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

21 Mar 2018RentedRenewal
AED 124,332/yr12 months · AED 72 per sqft
1 Sep 2015RentedNew contract
AED 155,000/yr12 months · AED 90 per sqft
1 Sep 2014RentedNew contract
AED 150,000/yr12 months · AED 87 per sqft
24 Jul 2014SoldReady
AED 2,900,000AED 1,680 per sqft
16 Jun 2010Sold by developerReady
AED 1,480,888AED 857 per sqft

Source: Dubai Land Department. Updated 21 March 2018.

Key facts

Type
2-bed apartment
Size
1,726 sqft
Floor
5th of 35
Parking
L1-372
Developer
Emaar
Completed
2008
Service charge
AED 36,200 /yr
Last sold
AED 2.9M · July 2014
Building
8 Boulevard Walk

About 502, 8 Boulevard Walk

502 is a two-bedroom apartment of 1,726 sqft on the 5th floor of 8 Boulevard Walk, a 35-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 24 July 2014 for AED 2,900,000, or AED 1,680 per sqft, 8% below the AED 1,830 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 21 March 2018, is AED 124,332 a year: a gross yield of 4.3% on the 2014 price, before the service charge of about AED 36,200 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in 8 Boulevard Walk
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,518,888; 2010 AED 1,516,388; 2011 AED 1,403,888; 2012 AED 1,700,000; 2013 AED 2,180,000; 2014 AED 2,850,000; 2015 AED 2,350,000; 2017 AED 2,075,000; 2018 AED 1,900,000; 2019 AED 1,430,000; 2020 AED 1,200,000; 2021 AED 1,530,000; 2022 AED 1,850,000; 2023 AED 2,075,000; 2024 AED 2,520,000; 2025 AED 2,575,000Sold by developer, June 2010: AED 1,480,888 (AED 857 per sqft)Sold, July 2014: AED 2,900,000 (AED 1,680 per sqft)

502 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 502, each contractTypical two-bed in 8 Boulevard Walk
100K150K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 125,000; 2014 AED 150,000; 2015 AED 158,000; 2016 AED 150,000; 2017 AED 132,000; 2018 AED 115,000; 2019 AED 100,000; 2020 AED 91,500; 2021 AED 89,000; 2022 AED 110,000; 2023 AED 121,075; 2024 AED 159,053; 2025 AED 157,500; 2026 AED 160,000New contract, September 2014: AED 150,000 a yearNew contract, September 2015: AED 155,000 a yearRenewal, March 2018: AED 124,332 a year

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

2-beds in 8 Boulevard Walk, and where 502 sits

All 93 2-beds →

502 last sold in July 2014 at AED 1,680 per sqft, 8% below what two-beds in 8 Boulevard Walk were fetching at the time (AED 1,830). 502's AED 124,332 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Jul 20252,475,000
22 Jul 20252,875,000
4 Jul 20252,400,000
17 Jun 20252,725,000
0 2-bed sales in the last 12 months

8 Boulevard Walk

Building

347 apartments, studios to 2-bed over 35 floors in Downtown Dubai, completed in 2008 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 1,815
Typical sale
AED 1.67M
Typical rent
AED 105K /yr
Typical yield
6.2%
8 Boulevard Walk, Downtown Dubai: prices, sales and rents →

Other units on the 5th floor

All 347 units in 8 Boulevard Walk
Value
5012-bedAED 1.2M · Jun 2009
5032-bedAED 1.34M · Mar 2009
5041-bedAED 1.25M · Oct 2014
5051-bedAED 704K · Jun 2010
5061-bedAED 716K · Jun 2010
5072-bedAED 2.1M · Apr 2017
508StudioAED 510K · Aug 2014
1–7 of 10

502, 8 Boulevard Walk in numbers

  • Sold twice: first on 16 June 2010 for AED 1,480,888, last on 24 July 2014 for AED 2,900,000 (AED 1,680 per sqft).
  • Rented since September 2014 on 3 Ejari contracts, from AED 150,000 to AED 124,332 a year.
  • At AED 124,332 a year the gross yield on the 2014 price is 4.3%, before a service charge of about AED 36,200 a year (AED 21.00 per sqft).

Source: Dubai Land Department. Updated 21 March 2018.

Questions about 502, 8 Boulevard Walk

What did unit 502 last sell for?

AED 2,900,000 on 24 July 2014: AED 1,680 per sqft for 1,726 sqft. The unit has 2 registered sales; the first was AED 1,480,888 in June 2010.

What is the rent for unit 502?

AED 124,332 a year on the contract renewed on 21 March 2018. The previous contract, from September 2015, was AED 155,000; the unit has been rented since September 2014.

How big is unit 502?

1,726 sqft (160.4 sqm): a two-bedroom apartment on the 5th floor of a 35-storey tower completed in 2008.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 502? 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 502, 8 Boulevard Walk

Starts from the last sale price (AED 2.9M, 24 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

Plus AED 126,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →