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1-bed · 1,091 sqftDowntown Views, Downtown Dubai · completed 2021

503, Downtown Views

Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 22 April 2023
Last soldAED 1.96M14 May 2018
Current rentAED 141K /yr22 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Downtown Views

What is 503 worth today?

Last sold for AED 1,957,888 in 2018

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22 Apr 2023RentedNew contract
AED 141,000/yr13 months · AED 130 per sqft
25 Dec 2021RentedNew contract
AED 130,000/yr12 months · AED 120 per sqft
14 May 2018Sold by developerOff-plan
AED 1,957,888AED 1,794 per sqft

Source: Dubai Land Department. Updated 22 April 2023.

Key facts

Type
1-bed apartment
Size
1,091 sqft
Parking
P5-140
Developer
Emaar
Completed
2021
Service charge
AED 22,500 /yr
Last sold
AED 1.96M · May 2018
Building
Downtown Views

About 503, Downtown Views

503 is a one-bedroom apartment of 1,091 sqft of Downtown Views, a 59-storey tower in Downtown Dubai completed in 2021 by Emaar. The developer sold it on 14 May 2018 for AED 1,957,888, or AED 1,794 per sqft, 6% above the AED 1,698 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 22 April 2023, is AED 141,000 a year: a gross yield of 7.2% on the 2018 price, before the service charge of about AED 22,500 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical one-bed in Downtown Views
1.5M2M2.5M20152018202120242027Typical sale price by year: 2015 AED 1,561,888; 2016 AED 1,540,888; 2017 AED 1,566,888; 2018 AED 1,300,000; 2019 AED 1,550,888; 2020 AED 1,368,444; 2021 AED 1,550,000; 2022 AED 1,650,000; 2023 AED 1,940,000; 2024 AED 2,215,000; 2025 AED 2,325,000; 2026 AED 2,300,000Sold by developer, May 2018: AED 1,957,888 (AED 1,794 per sqft)

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

Rents
Unit 503, each contractTypical one-bed in Downtown Views
100K150K2021202320252027Typical rent by year: 2021 AED 85,000; 2022 AED 95,000; 2023 AED 115,000; 2024 AED 120,000; 2025 AED 126,500; 2026 AED 132,500New contract, December 2021: AED 130,000 a yearNew contract, April 2023: AED 141,000 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, and where 503 sits

All 159 1-beds →

503 last sold in May 2018 at AED 1,794 per sqft, 6% above what one-beds in Downtown Views were fetching at the time (AED 1,698). Over the last 12 months one-beds sold for AED 2,300,000 to 2,370,000, around AED 2,668 per sqft, and rent for AED 104,816 to 155,000 a year. 503's AED 141,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Feb 20262,370,000
29 Jan 20262,300,000
21 Jan 20262,300,000
24 Dec 20252,325,000
5 1-bed sales in the last 12 months

Downtown Views

Building

429 apartments, 1-bed to 4-bed over 59 floors in Downtown Dubai, completed in 2021 by Emaar. 11 sold in the last 12 months.

Typical price per sqft
AED 2,684 Up 0.1%
Typical sale
AED 3.4M
Typical rent
AED 180K /yr
Typical yield
5.7%
Downtown Views, Downtown Dubai: prices, sales and rents →

503, Downtown Views in numbers

  • Sold once: by Emaar on 14 May 2018 for AED 1,957,888, or AED 1,794 per sqft.
  • Rented since December 2021 on 2 Ejari contracts, from AED 130,000 to AED 141,000 a year.
  • At AED 141,000 a year the gross yield on the 2018 price is 7.2%, before a service charge of about AED 22,500 a year (AED 20.64 per sqft).
  • One-beds in Downtown Views sold for AED 2,300,000–2,370,000 in the 12 months to November 2026; the building's median across all types is AED 2,684 per sqft.

Source: Dubai Land Department. Updated 22 April 2023.

Questions about 503, Downtown Views

What did unit 503 last sell for?

AED 1,957,888 on 14 May 2018, sold by the developer: AED 1,794 per sqft for 1,091 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 141,000 a year on the contract signed on 22 April 2023. The previous contract, from December 2021, was AED 130,000.

How big is unit 503?

1,091 sqft (101.4 sqm): a one-bedroom apartment of a 59-storey tower completed in 2021.

What is unit 503 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 sold for AED 2,300,000 to 2,370,000 in the last 12 months, around AED 2,668 per sqft.

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Mortgage on 503, Downtown Views

Starts from the last sale price (AED 1.96M, 14 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,957,888
Deposit, UAE resident (20%)
AED 391,578
Deposit, non-resident (40%)
AED 783,155
Monthly over 25 years at 3.7%
AED 8,010

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