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1-bed · 866 sqftBoulevard Point, Downtown Dubai · completed 2019

508, Boulevard Point

Sold prices and rental history: sold once, by the developer in June 2019, and rented once, from December 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 16 December 2023
Last soldAED 1.7M24 June 2019
Current rentAED 165K /yr16 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Boulevard Point

What is 508 worth today?

Last sold for AED 1,701,888 in 2019

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16 Dec 2023RentedNew contract
AED 165,000/yr12 months · AED 192 per sqft
24 Jun 2019Sold by developerOff-plan
AED 1,701,888AED 1,965 per sqft

Source: Dubai Land Department. Updated 16 December 2023.

Key facts

Type
1-bed apartment
Size
866 sqft
Parking
BPP4-26
Developer
Emaar
Completed
2019
Service charge
AED 21,100 /yr
Last sold
AED 1.7M · June 2019
Building
Boulevard Point

About 508, Boulevard Point

508 is a one-bedroom apartment of 866 sqft of Boulevard Point, a 67-storey tower in Downtown Dubai completed in 2019 by Emaar. The developer sold it on 24 June 2019 for AED 1,701,888, or AED 1,965 per sqft, 7% below the AED 2,115 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 December 2023. The current contract, signed on 16 December 2023, is AED 165,000 a year: a gross yield of 9.7% on the 2019 price, before the service charge of about AED 21,100 a year.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical one-bed in Boulevard Point
1.5M2M2.5M2014201820222026Typical sale price by year: 2014 AED 1,664,388; 2015 AED 2,307,888; 2017 AED 1,903,388; 2018 AED 1,584,148; 2019 AED 1,643,388; 2020 AED 1,411,241; 2021 AED 1,945,166; 2022 AED 1,720,725; 2023 AED 2,240,000; 2024 AED 2,415,000; 2025 AED 2,500,000; 2026 AED 2,437,500Sold by developer, June 2019: AED 1,701,888 (AED 1,965 per sqft)

508 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 508, each contractTypical one-bed in Boulevard Point
100K150K2020202220242026Typical rent by year: 2020 AED 75,000; 2021 AED 80,000; 2022 AED 97,628; 2023 AED 115,000; 2024 AED 130,000; 2025 AED 140,000; 2026 AED 140,000New contract, December 2023: AED 165,000 a year

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

1-beds in Boulevard Point, and where 508 sits

All 162 1-beds →

508 last sold in June 2019 at AED 1,965 per sqft, 7% below what one-beds in Boulevard Point were fetching at the time (AED 2,115). Over the last 12 months one-beds sold for AED 2,050,000 to 2,950,000, around AED 2,577 per sqft, and rent for AED 107,100 to 195,000 a year. 508's AED 165,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Feb 20262,725,000
27 Jan 20262,050,000
26 Jan 20262,950,000
13 Jan 20262,150,000
5 1-bed sales in the last 12 months

Boulevard Point

Building

333 apartments, 1-bed to 6-bed over 67 floors in Downtown Dubai, completed in 2019 by Emaar. 13 sold in the last 12 months.

Typical price per sqft
AED 3,247 Up 2.4%
Typical sale
AED 5M
Typical rent
AED 215K /yr
Typical yield
5.1%
Boulevard Point, Downtown Dubai: prices, sales and rents →

508, Boulevard Point in numbers

  • Sold once: by Emaar on 24 June 2019 for AED 1,701,888, or AED 1,965 per sqft.
  • Rented since December 2023 on one Ejari contract, at AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2019 price is 9.7%, before a service charge of about AED 21,100 a year (AED 24.36 per sqft).
  • One-beds in Boulevard Point sold for AED 2,050,000–2,950,000 in the 12 months to November 2026; the building's median across all types is AED 3,247 per sqft.

Source: Dubai Land Department. Updated 16 December 2023.

Questions about 508, Boulevard Point

What did unit 508 last sell for?

AED 1,701,888 on 24 June 2019, sold by the developer: AED 1,965 per sqft for 866 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 165,000 a year on the contract signed on 16 December 2023.

How big is unit 508?

866 sqft (80.5 sqm): a one-bedroom apartment of a 67-storey tower completed in 2019.

What is unit 508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Boulevard Point sold for AED 2,050,000 to 2,950,000 in the last 12 months, around AED 2,577 per sqft.

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Mortgage on 508, Boulevard Point

Starts from the last sale price (AED 1.7M, 24 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,701,888
Deposit, UAE resident (20%)
AED 340,378
Deposit, non-resident (40%)
AED 680,755
Monthly over 25 years at 3.7%
AED 6,963

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