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1-bed · 879 sqftDowntown Views, Downtown Dubai · completed 2021

506, Downtown Views

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

Unit 506 · DLD and Ejari recordsUpdated 20 August 2024
Last soldAED 1.87M28 February 2023
Current rentAED 130K /yr20 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Downtown Views

What is 506 worth today?

Last sold for AED 1,870,000 in 2023

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20 Aug 2024RentedNew contract
AED 130,000/yr12 months · AED 148 per sqft
28 Feb 2023SoldReady
AED 1,870,000AED 2,127 per sqft
27 Jul 2016Sold by developerOff-plan
AED 1,535,888AED 1,747 per sqft

Source: Dubai Land Department. Updated 20 August 2024.

Key facts

Type
1-bed apartment
Size
879 sqft
Parking
P7-158
Developer
Emaar
Completed
2021
Service charge
AED 18,100 /yr
Last sold
AED 1.87M · February 2023
Building
Downtown Views

About 506, Downtown Views

506 is a one-bedroom apartment of 879 sqft of Downtown Views, a 59-storey tower in Downtown Dubai completed in 2021 by Emaar. It last sold on 28 February 2023 for AED 1,870,000, or AED 2,127 per sqft, 11% above the AED 1,924 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 August 2024. The current contract, signed on 20 August 2024, is AED 130,000 a year: a gross yield of 7.0% on the 2023 price, before the service charge of about AED 18,100 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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, July 2016: AED 1,535,888 (AED 1,747 per sqft)Sold, February 2023: AED 1,870,000 (AED 2,127 per sqft)

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

Rents
Unit 506, each contractTypical one-bed in Downtown Views
100K125K2021202320252027Typical 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, August 2024: AED 130,000 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 506 sits

All 159 1-beds →

506 last sold in February 2023 at AED 2,127 per sqft, 11% above what one-beds in Downtown Views were fetching at the time (AED 1,924). 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. 506's AED 130,000 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 →

506, Downtown Views in numbers

  • Sold twice: first on 27 July 2016 for AED 1,535,888, last on 28 February 2023 for AED 1,870,000 (AED 2,127 per sqft).
  • Rented since August 2024 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2023 price is 7.0%, before a service charge of about AED 18,100 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 20 August 2024.

Questions about 506, Downtown Views

What did unit 506 last sell for?

AED 1,870,000 on 28 February 2023: AED 2,127 per sqft for 879 sqft. The unit has 2 registered sales; the first was AED 1,535,888 in July 2016.

What is the rent for unit 506?

AED 130,000 a year on the contract signed on 20 August 2024.

How big is unit 506?

879 sqft (81.7 sqm): a one-bedroom apartment of a 59-storey tower completed in 2021.

What is unit 506 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 506, Downtown Views

Starts from the last sale price (AED 1.87M, 28 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,870,000
Deposit, UAE resident (20%)
AED 374,000
Deposit, non-resident (40%)
AED 748,000
Monthly over 25 years at 3.7%
AED 7,651

Plus AED 83,550 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →