1-bed · 689 sqftDowntown Views 2 - Tower 1, Downtown Dubai · 50th floor · completed 2022

5004, Downtown Views 2 - Tower 1

Sold prices and rental history: sold twice, last in December 2023, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5004 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 2M25 December 2023
Current rentAED 120K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5004, Downtown Views 2 - Tower 1

What is 5004 worth today?

Last sold for AED 2,000,000 in 2023

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1 Oct 2024RentedNew contract
AED 120,000/yr12 months · AED 174 per sqft
25 Dec 2023SoldReady
AED 2,000,000AED 2,904 per sqft
29 Jun 2020Sold by developerOff-plan
AED 1,264,888AED 1,826 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.

Key facts

Type
1-bed apartment
Size
689 sqft
Floor
50th of 62
Parking
B-26
Developer
Emaar
Completed
2022
Last sold
AED 2M · December 2023

About 5004, Downtown Views 2 - Tower 1

5004 is a one-bedroom apartment of 689 sqft on the 50th floor of Downtown Views 2 - Tower 1, a 62-storey tower in Downtown Dubai completed in 2022 by Emaar. It last sold on 25 December 2023 for AED 2,000,000, or AED 2,904 per sqft, 33% above the AED 2,183 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2024. The current contract, signed on 1 October 2024, is AED 120,000 a year: a gross yield of 6.0% on the 2023 price.

Sales and rents for 5004 over time

Sales
Unit 5004, each saleTypical one-bed in Downtown Views 2 - Tower 1
1.5M2M2017202020232026Typical sale price by year: 2017 AED 1,301,888; 2018 AED 1,351,888; 2019 AED 1,585,388; 2020 AED 1,531,888; 2021 AED 1,492,389; 2022 AED 1,350,000; 2023 AED 1,627,500; 2024 AED 1,925,000; 2025 AED 2,026,500Sold by developer, June 2020: AED 1,264,888 (AED 1,826 per sqft)Sold, December 2023: AED 2,000,000 (AED 2,904 per sqft)

5004 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5004, each contractTypical one-bed in Downtown Views 2 - Tower 1
110K120K20232024202520262027Typical rent by year: 2023 AED 112,500; 2024 AED 110,000; 2025 AED 120,000; 2026 AED 125,000New contract, October 2024: AED 120,000 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 Downtown Views 2 - Tower 1, and where 5004 sits

All 154 1-beds →

5004 last sold in December 2023 at AED 2,904 per sqft, 33% above what one-beds in Downtown Views 2 - Tower 1 were fetching at the time (AED 2,183). Over the last 12 months one-beds sold for AED 2,100,000 to 2,175,000, around AED 2,843 per sqft, and rent for AED 108,000 to 150,000 a year. 5004's AED 120,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Feb 20262,100,000
18 Dec 20252,175,000
17 Dec 20252,100,000
15 Jul 20252,000,000
3 1-bed sales in the last 12 months

Downtown Views 2 - Tower 1

Building

575 apartments, 1-bed to 4-bed over 62 floors in Downtown Dubai, completed in 2022 by Emaar. 9 sold in the last 12 months.

Typical price per sqft
AED 2,843
Typical sale
AED 3.2M
Typical rent
AED 170K /yr
Typical yield
5.6%
Downtown Views 2 - Tower 1, Downtown Dubai: prices, sales and rents →

Other units on the 50th floor

All 575 units in Downtown Views 2 - Tower 1
Value
50011-bedAED 1.3M · Feb 2022
50021-bedAED 1.39M · Mar 2018
50031-bedAED 1.35M · Oct 2022
50052-bedAED 2.15M · May 2018
50063-bedAED 3.24M · Mar 2019
50073-bedAED 5.25M · Nov 2024
50083-bedAED 4.1M · Jan 2022
1–7 of 9

5004, Downtown Views 2 - Tower 1 in numbers

  • Sold twice: first on 29 June 2020 for AED 1,264,888, last on 25 December 2023 for AED 2,000,000 (AED 2,904 per sqft).
  • Rented since October 2024 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2023 price is 6.0%.
  • One-beds in Downtown Views 2 - Tower 1 sold for AED 2,100,000–2,175,000 in the 12 months to November 2026; the building's median across all types is AED 2,843 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.

Questions about 5004, Downtown Views 2 - Tower 1

What did unit 5004 last sell for?

AED 2,000,000 on 25 December 2023: AED 2,904 per sqft for 689 sqft. The unit has 2 registered sales; the first was AED 1,264,888 in June 2020.

What is the rent for unit 5004?

AED 120,000 a year on the contract signed on 1 October 2024.

How big is unit 5004?

689 sqft (64.0 sqm): a one-bedroom apartment on the 50th floor of a 62-storey tower completed in 2022.

What is unit 5004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Downtown Views 2 - Tower 1 sold for AED 2,100,000 to 2,175,000 in the last 12 months, around AED 2,843 per sqft.

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Mortgage on 5004, Downtown Views 2 - Tower 1

Starts from the last sale price (AED 2M, 25 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →