Studio · 445 sqftBoulevard Central 2, Downtown Dubai · 5th floor · completed 2012

504, Boulevard Central 2

Sold prices and rental history: sold 3 times, last in March 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 27 May 2024
Last soldAED 780K27 March 2019
Current rentAED 77K /yr27 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Boulevard Central 2

What is 504 worth today?

Last sold for AED 780,000 in 2019

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27 May 2024RentedRenewal
AED 77,000/yr12 months · AED 174 per sqft
27 May 2023RentedRenewal
AED 77,000/yr12 months · AED 174 per sqft
27 May 2021RentedRenewal · flagged as an outlier
AED 10,000/yr12 months · AED 23 per sqft
27 May 2020RentedRenewal
AED 45,000/yr12 months · AED 102 per sqft
27 May 2019RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
27 Mar 2019SoldReady
AED 780,000AED 1,753 per sqft
31 May 2018RentedNew contract
AED 75,000/yr12 months · AED 169 per sqft
28 May 2017RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft

Source: Dubai Land Department. Updated 27 May 2024.

Key facts

Type
Studio apartment
Size
445 sqft
Floor
5th of 22
Parking
B3-3136
Developer
Emaar
Completed
2012
Service charge
AED 10,800 /yr
Last sold
AED 780K · March 2019

About 504, Boulevard Central 2

504 is a studio of 445 sqft on the 5th floor of Boulevard Central 2, a 22-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 27 March 2019 for AED 780,000, or AED 1,753 per sqft.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 27 May 2024, is AED 77,000 a year: a gross yield of 9.9% on the 2019 price, before the service charge of about AED 10,800 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical studio in Boulevard Central 2
500K1M20102013201620192022Typical sale price by year: 2010 AED 868,888; 2011 AED 437,444; 2012 AED 691,000; 2013 AED 855,388; 2014 AED 1,045,888; 2015 AED 840,000; 2016 AED 1,100,000; 2018 AED 1,060,000; 2019 AED 765,000; 2021 AED 862,500Sold by developer, July 2010: AED 426,944 (AED 959 per sqft)Sold, May 2013: AED 426,944 (AED 959 per sqft)Sold, March 2019: AED 780,000 (AED 1,753 per sqft)

504 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 504, each contractTypical studio in Boulevard Central 2
50K75K2013201720212025Typical rent by year: 2013 AED 65,000; 2014 AED 75,000; 2015 AED 80,000; 2016 AED 75,175; 2017 AED 75,000; 2018 AED 64,500; 2019 AED 60,000; 2020 AED 45,000; 2021 AED 45,000; 2022 AED 58,000; 2023 AED 67,500; 2024 AED 73,260; 2025 AED 75,000New contract, March 2014: AED 60,000 a yearNew contract, March 2015: AED 90,000 a yearNew contract, May 2016: AED 70,000 a yearNew contract, May 2017: AED 75,000 a yearNew contract, May 2018: AED 75,000 a yearNew contract, May 2019: AED 60,000 a yearRenewal, May 2020: AED 45,000 a yearRenewal, May 2023: AED 77,000 a yearRenewal, May 2024: AED 77,000 a year

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

Studios in Boulevard Central 2, and where 504 sits

All 32 studios →

Over the last 12 months studios sold for AED 1,270,000, around AED 2,965 per sqft, and rent for AED 66,851 to 78,000 a year. 504's AED 77,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Jan 20261,270,000
16 Jul 20251,360,000
11 Jun 20241,100,000
3 Jun 20241,350,000
1 studio sale in the last 12 months

Boulevard Central 2

Building

191 apartments, studios to 3-bed over 22 floors in Downtown Dubai, completed in 2012 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,156
Typical sale
AED 1.93M
Typical rent
AED 125K /yr
Typical yield
5.9%
Boulevard Central 2, Downtown Dubai: prices, sales and rents →

Other units on the 5th floor

All 191 units in Boulevard Central 2
Value
5012-bedAED 2.95M · Jan 2013
5022-bedAED 3.28M · Apr 2013
503StudioAED 1.13M · May 2015
5051-bedAED 1.9M · Feb 2014
5061-bedAED 1.67M · May 2016
507AED 1.19M · Aug 2025
5081-bedAED 1.92M · Jan 2025
1–7 of 9

504, Boulevard Central 2 in numbers

  • Sold 3 times: first on 14 July 2010 for AED 426,944, last on 27 March 2019 for AED 780,000 (AED 1,753 per sqft).
  • Rented since March 2014 on 10 Ejari contracts. The rent fell from AED 60,000 to AED 10,000 in 2021 and recovered to AED 77,000 by May 2024.
  • At AED 77,000 a year the gross yield on the 2019 price is 9.9%, before a service charge of about AED 10,800 a year (AED 24.19 per sqft).
  • Studios in Boulevard Central 2 sold for AED 1,270,000–1,270,000 in the 12 months to November 2026; the building's median across all types is AED 2,156 per sqft.

Source: Dubai Land Department. Updated 27 May 2024.

Questions about 504, Boulevard Central 2

What did unit 504 last sell for?

AED 780,000 on 27 March 2019: AED 1,753 per sqft for 445 sqft. The unit has 3 registered sales; the first was AED 426,944 in July 2010.

What is the rent for unit 504?

AED 77,000 a year on the contract renewed on 27 May 2024. The previous contract, from May 2023, was AED 77,000; the unit has been rented since March 2014.

How big is unit 504?

445 sqft (41.3 sqm): a studio on the 5th floor of a 22-storey tower completed in 2012.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Boulevard Central 2 sold for AED 1,270,000 to 1,270,000 in the last 12 months, around AED 2,965 per sqft.

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Mortgage on 504, Boulevard Central 2

Starts from the last sale price (AED 780K, 27 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 780,000
Deposit, UAE resident (20%)
AED 156,000
Deposit, non-resident (40%)
AED 312,000
Monthly over 25 years at 3.7%
AED 3,191

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →