505, Downtown Views 2 - Tower 3
Sold prices and rental history: sold 3 times, last in September 2024, and rented once, from August 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Downtown Views 2 - Tower 3
What is 505 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 3 September 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,627 sqft
- Floor
- 5th of 49
- Parking
- P2-13,P2-14
- Developer
- Emaar
- Completed
- 2022
- Last sold
- AED 4.5M · September 2024
- Building
- Downtown Views 2 - Tower 3
About 505, Downtown Views 2 - Tower 3
505 is a three-bedroom apartment of 1,627 sqft on the 5th floor of Downtown Views 2 - Tower 3, a 49-storey tower in Downtown Dubai completed in 2022 by Emaar. It last sold on 3 September 2024 for AED 4,500,000, or AED 2,766 per sqft, 5% above the AED 2,636 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 August 2024. The current contract, signed on 15 August 2024, is AED 400,000 a year: a gross yield of 8.9% on the 2024 price.
Sales and rents for 505 over time
505 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Downtown Views 2 - Tower 3, and where 505 sits
All 102 3-beds →505 last sold in September 2024 at AED 2,766 per sqft, 5% above what three-beds in Downtown Views 2 - Tower 3 were fetching at the time (AED 2,636). Over the last 12 months three-beds sold for AED 4,700,000 to 4,950,000, around AED 2,805 per sqft, and rent for AED 100,000 to 324,762 a year. 505's AED 400,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202524 July 2025 | 1,818 sqft | 4,700,000 | 2,585 | ||
| 14 Jul 202514 July 2025 | 1,715 sqft | 4,750,000 | 2,769 | ||
| 2 Jul 20252 July 2025 | 1,707 sqft | 4,900,000 | 2,870 | ||
| 25 Jun 202525 June 2025 | 1,707 sqft | 4,900,000 | 2,869 |
Downtown Views 2 - Tower 3
Building422 apartments, 1-bed to 4-bed over 49 floors in Downtown Dubai, completed in 2022 by Emaar. 13 sold in the last 12 months.
- Typical price per sqft
- AED 2,723 Up 1.4%
- Typical sale
- AED 2.9M
- Typical rent
- AED 160K /yr
- Typical yield
- 6.0%
Other units on the 5th floor
All 422 units in Downtown Views 2 - Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 728 sqft | AED 1.26MAED 1,257,888 · Jul 2017July 2017 | 117,000 /yr | |
| 502 | 2-bed | 1,086 sqft | AED 1.92MAED 1,917,888 · Dec 2017December 2017 | 158,459 /yr | |
| 503 | 1-bed | 746 sqft | AED 1.17MAED 1,170,000 · Jun 2022June 2022 | 129,348 /yr | |
| 504 | 1,199 sqft | AED 3.1MAED 3,100,000 · Nov 2025November 2025 | 180,000 /yr | ||
| 506 | 2-bed | 1,193 sqft | AED 2.6MAED 2,600,000 · May 2023May 2023 | ||
| 507 | 2-bed | 1,097 sqft | AED 2.44MAED 2,436,372 · Mar 2022March 2022 | 178,000 /yr | |
| 508 | 3-bed | 1,707 sqft | AED 3.1MAED 3,100,000 · Jun 2024June 2024 | ||
| 509 | 2-bed | 1,223 sqft | AED 1.91MAED 1,912,888 · Aug 2017August 2017 | 160,000 /yr |
505, Downtown Views 2 - Tower 3 in numbers
- Sold 3 times: first on 5 October 2017 for AED 3,104,888, last on 3 September 2024 for AED 4,500,000 (AED 2,766 per sqft).
- Rented since August 2024 on one Ejari contract, at AED 400,000 a year.
- At AED 400,000 a year the gross yield on the 2024 price is 8.9%.
- Three-beds in Downtown Views 2 - Tower 3 sold for AED 4,700,000–4,950,000 in the 12 months to November 2026; the building's median across all types is AED 2,723 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 3 September 2024.
Questions about 505, Downtown Views 2 - Tower 3
What did unit 505 last sell for?
AED 4,500,000 on 3 September 2024: AED 2,766 per sqft for 1,627 sqft. The unit has 3 registered sales; the first was AED 3,104,888 in October 2017.
What is the rent for unit 505?
AED 400,000 a year on the contract signed on 15 August 2024.
How big is unit 505?
1,627 sqft (151.2 sqm): a three-bedroom apartment on the 5th floor of a 49-storey tower completed in 2022.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Downtown Views 2 - Tower 3 sold for AED 4,700,000 to 4,950,000 in the last 12 months, around AED 2,805 per sqft.
Selling 505? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 505, Downtown Views 2 - Tower 3
Starts from the last sale price (AED 4.5M, 3 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,500,000
- Deposit, UAE resident (20%)
- AED 900,000
- Deposit, non-resident (40%)
- AED 1,800,000
- Monthly over 25 years at 3.7%
- AED 18,411
Plus AED 194,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →