506, Downtown Views 2 - Tower 1
Sold prices and rental history: sold once, by the developer in February 2017, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Downtown Views 2 - Tower 1
What is 506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 7 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,155 sqft
- Floor
- 5th of 62
- Parking
- 1
- Developer
- Emaar
- Completed
- 2022
- Last sold
- AED 2.25M · February 2017
- Building
- Downtown Views 2 - Tower 1
About 506, Downtown Views 2 - Tower 1
506 is a two-bedroom apartment of 1,155 sqft on the 5th floor of Downtown Views 2 - Tower 1, a 62-storey tower in Downtown Dubai completed in 2022 by Emaar. The developer sold it on 14 February 2017 for AED 2,247,888, or AED 1,946 per sqft, in line with the AED 1,975 two-beds in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 7 March 2025, is AED 190,000 a year: a gross yield of 8.5% on the 2017 price.
Sales and rents for 506 over time
506 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Downtown Views 2 - Tower 1, and where 506 sits
All 247 2-beds →506 last sold in February 2017 at AED 1,946 per sqft, in line with what two-beds in Downtown Views 2 - Tower 1 were fetching at the time (AED 1,975). Over the last 12 months two-beds sold for AED 2,900,000 to 3,300,000, around AED 2,739 per sqft, and rent for AED 155,000 to 210,000 a year. 506's AED 190,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jan 202630 January 2026 | 1,109 sqft | 3,300,000 | 2,975 | ||
| 29 Dec 202529 December 2025 | 1,167 sqft | 2,900,000 | 2,484 | ||
| 28 Jul 202528 July 2025 | 1,156 sqft | 3,150,000 | 2,725 | ||
| 15 Jul 202515 July 2025 | 1,703 sqft | 3,550,000 | 2,084 |
Downtown Views 2 - Tower 1
Building575 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%
Other units on the 5th floor
All 575 units in Downtown Views 2 - Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,168 sqft | AED 2.3MAED 2,300,000 · Apr 2023April 2023 | 165,000 /yr | |
| 502 | 1-bed | 186 sqft | AED 1.28MAED 1,277,888 · Mar 2017March 2017 | 115,000 /yr | |
| 503 | 1-bed | 744 sqft | AED 1.28MAED 1,277,888 · Mar 2017March 2017 | 145,000 /yr | |
| 504 | 2-bed | 1,168 sqft | AED 1.85MAED 1,853,888 · Jul 2017July 2017 | 149,100 /yr | |
| 505 | 3-bed | 1,916 sqft | AED 2.7MAED 2,695,399 · Mar 2022March 2022 | ||
| 507 | 2-bed | 547 sqft | AED 2.16MAED 2,160,888 · Feb 2017February 2017 | 143,152 /yr | |
| 508 | 2-bed | 1,109 sqft | AED 3.3MAED 3,300,000 · Jan 2026January 2026 | 180,000 /yr | |
| 509 | 2-bed | 1,202 sqft | AED 2.21MAED 2,209,888 · Mar 2017March 2017 | ||
| 510 | 3-bed | 1,828 sqft | AED 4.9MAED 4,900,000 · Jul 2025July 2025 | 220,000 /yr |
506, Downtown Views 2 - Tower 1 in numbers
- Sold once: by Emaar on 14 February 2017 for AED 2,247,888, or AED 1,946 per sqft.
- Rented since April 2024 on 3 Ejari contracts, from AED 200,000 to AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2017 price is 8.5%.
- Two-beds in Downtown Views 2 - Tower 1 sold for AED 2,900,000–3,300,000 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 7 March 2025.
Questions about 506, Downtown Views 2 - Tower 1
What did unit 506 last sell for?
AED 2,247,888 on 14 February 2017, sold by the developer: AED 1,946 per sqft for 1,155 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 190,000 a year on the contract signed on 7 March 2025. The previous contract, from November 2024, was AED 200,000; the unit has been rented since April 2024.
How big is unit 506?
1,155 sqft (107.3 sqm): a two-bedroom apartment on the 5th floor of a 62-storey tower completed in 2022.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Downtown Views 2 - Tower 1 sold for AED 2,900,000 to 3,300,000 in the last 12 months, around AED 2,739 per sqft.
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Mortgage on 506, Downtown Views 2 - Tower 1
Starts from the last sale price (AED 2.25M, 14 February 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,247,888
- Deposit, UAE resident (20%)
- AED 449,578
- Deposit, non-resident (40%)
- AED 899,155
- Monthly over 25 years at 3.7%
- AED 9,197
Plus AED 99,422 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →