2-bed · 1,091 sqftDowntown Views 2 - Tower 2, Downtown Dubai · 55th floor · completed 2022

5507, Downtown Views 2 - Tower 2

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

Unit 5507 · DLD and Ejari recordsUpdated 8 May 2024
Last soldAED 3.4M20 March 2024
Current rentAED 200K /yr8 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5507, Downtown Views 2 - Tower 2

What is 5507 worth today?

Last sold for AED 3,400,000 in 2024

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8 May 2024RentedNew contract
AED 200,000/yr12 months · AED 184 per sqft
20 Mar 2024SoldReady
AED 3,400,000AED 3,115 per sqft
22 Oct 2019Sold by developerOff-plan
AED 2,729,888AED 2,502 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 May 2024.

Key facts

Type
2-bed apartment
Size
1,091 sqft
Floor
55th of 57
Parking
P2-136
Developer
Emaar
Completed
2022
Last sold
AED 3.4M · March 2024

About 5507, Downtown Views 2 - Tower 2

5507 is a two-bedroom apartment of 1,091 sqft on the 55th floor of Downtown Views 2 - Tower 2, a 57-storey tower in Downtown Dubai completed in 2022 by Emaar. It last sold on 20 March 2024 for AED 3,400,000, or AED 3,115 per sqft, 30% above the AED 2,399 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 8 May 2024. The current contract, signed on 8 May 2024, is AED 200,000 a year: a gross yield of 5.9% on the 2024 price.

Sales and rents for 5507 over time

Sales
Unit 5507, each saleTypical two-bed in Downtown Views 2 - Tower 2
2M3M2017202020232026Typical sale price by year: 2017 AED 1,987,888; 2018 AED 2,194,888; 2019 AED 2,072,388; 2020 AED 2,096,888; 2021 AED 2,213,888; 2022 AED 2,190,888; 2023 AED 2,650,000; 2024 AED 2,950,000; 2025 AED 3,250,000Sold by developer, October 2019: AED 2,729,888 (AED 2,502 per sqft)Sold, March 2024: AED 3,400,000 (AED 3,115 per sqft)

5507 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5507, each contractTypical two-bed in Downtown Views 2 - Tower 2
180K200K2024202520262027Typical rent by year: 2024 AED 168,000; 2025 AED 180,000; 2026 AED 185,045New contract, May 2024: AED 200,000 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 Downtown Views 2 - Tower 2, and where 5507 sits

All 232 2-beds →

5507 last sold in March 2024 at AED 3,115 per sqft, 30% above what two-beds in Downtown Views 2 - Tower 2 were fetching at the time (AED 2,399). Over the last 12 months two-beds sold for AED 2,600,000 to 3,650,000, around AED 2,695 per sqft, and rent for AED 137,500 to 300,000 a year. 5507's AED 200,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Feb 20263,650,000
6 Jan 20262,600,000
30 Jul 20253,600,000
25 Jul 20253,650,000
2 2-bed sales in the last 12 months

Downtown Views 2 - Tower 2

Building

489 apartments, 1-bed to 4-bed over 57 floors in Downtown Dubai, completed in 2022 by Emaar. 5 sold in the last 12 months.

Typical price per sqft
AED 2,921
Typical sale
AED 3.13M
Typical rent
AED 167K /yr
Typical yield
5.7%
Downtown Views 2 - Tower 2, Downtown Dubai: prices, sales and rents →

Other units on the 55th floor

All 489 units in Downtown Views 2 - Tower 2
Value
55011-bedAED 1.51M · Sep 2021
55022-bedAED 2.38M · Aug 2022
55031-bedAED 1.49M · Oct 2019
55041-bedAED 2.05M · Mar 2024
55053-bedAED 6.05M · May 2024
55063-bedAED 5M · May 2024
55083-bedAED 4.14M · Feb 2020
1–7 of 8

5507, Downtown Views 2 - Tower 2 in numbers

  • Sold twice: first on 22 October 2019 for AED 2,729,888, last on 20 March 2024 for AED 3,400,000 (AED 3,115 per sqft).
  • Rented since May 2024 on one Ejari contract, at AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2024 price is 5.9%.
  • Two-beds in Downtown Views 2 - Tower 2 sold for AED 2,600,000–3,650,000 in the 12 months to November 2026; the building's median across all types is AED 2,921 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 8 May 2024.

Questions about 5507, Downtown Views 2 - Tower 2

What did unit 5507 last sell for?

AED 3,400,000 on 20 March 2024: AED 3,115 per sqft for 1,091 sqft. The unit has 2 registered sales; the first was AED 2,729,888 in October 2019.

What is the rent for unit 5507?

AED 200,000 a year on the contract signed on 8 May 2024.

How big is unit 5507?

1,091 sqft (101.4 sqm): a two-bedroom apartment on the 55th floor of a 57-storey tower completed in 2022.

What is unit 5507 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 2 sold for AED 2,600,000 to 3,650,000 in the last 12 months, around AED 2,695 per sqft.

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Mortgage on 5507, Downtown Views 2 - Tower 2

Starts from the last sale price (AED 3.4M, 20 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

Plus AED 147,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →