508, DT 1 Downtown
Sold prices and rental history: sold once, by the developer in June 2025, and rented once, from April 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, DT 1 Downtown
What is 508 worth today?
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Source: Dubai Land Department. Updated 12 June 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,536 sqft
- Floor
- 5th of 16
- Parking
- P1-73, P1-34
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 43,900 /yr
- Last sold
- AED 5M · June 2025
- Building
- DT 1 Downtown
About 508, DT 1 Downtown
508 is a three-bedroom apartment of 2,536 sqft on the 5th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development. The developer sold it on 12 June 2025 for AED 5,000,000, or AED 1,971 per sqft.
One Ejari contract is registered, from 5 April 2021. The current contract, signed on 5 April 2021, is AED 205,000 a year: a gross yield of 4.1% on the 2025 price, before the service charge of about AED 43,900 a year.
Sales and rents for 508 over time
508 has sold once; 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 DT 1 Downtown, and where 508 sits
All 15 3-beds →| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Jun 202526 June 2025 | 2,536 sqft | 4,417,785 | 1,741 | ||
| 10 Jan 202410 January 2024 | 2,536 sqft | 6,800,000 | 2,680 | ||
| 31 May 202331 May 2023 | 3,938 sqft | 7,000,000 | 1,777 | ||
| 4 Oct 20224 October 2022 | 2,536 sqft | 4,271,277 | 1,683 |
DT 1 Downtown
Building130 apartments, studios to 4-bed over 16 floors in Downtown Dubai, completed in 2020 by Ellington Properties Development. 1 sold in the last 12 months.
- Typical price per sqft
- AED 25
- Typical sale
- AED 14K
- Typical rent
- AED 102K /yr
- Typical yield
- 672.1%
Other units on the 5th floor
All 130 units in DT 1 Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 536 sqft | AED 1.35MAED 1,350,000 · Jun 2023June 2023 | 93,000 /yr | |
| 502 | 2-bed | 1,527 sqft | AED 2.57MAED 2,573,523 · Jun 2021June 2021 | 225,000 /yr | |
| 503 | 1-bed | 1,036 sqft | AED 1.87MAED 1,867,828 · Feb 2018February 2018 | ||
| 504 | 1-bed | 993 sqft | AED 2.22MAED 2,219,828 · May 2022May 2022 | 135,000 /yr | |
| 505 | 1-bed | 1,036 sqft | AED 2.35MAED 2,350,000 · Feb 2024February 2024 | 130,000 /yr | |
| 506 | 2-bed | 1,527 sqft | AED 3.4MAED 3,400,000 · Apr 2023April 2023 | 130,000 /yr | |
| 507 | Studio | 536 sqft | AED 1.07MAED 1,071,828 · Mar 2018March 2018 | 59,000 /yr | |
| 509 | 2-bed | 1,716 sqft | No registered sale | 245,000 /yr | |
| 510 | 2-bed | 1,707 sqft | No registered sale | 230,000 /yr |
508, DT 1 Downtown in numbers
- Sold once: by Ellington Properties Development on 12 June 2025 for AED 5,000,000, or AED 1,971 per sqft.
- Rented since April 2021 on one Ejari contract, at AED 205,000 a year.
- At AED 205,000 a year the gross yield on the 2025 price is 4.1%, before a service charge of about AED 43,900 a year (AED 17.30 per sqft).
Source: Dubai Land Department. Updated 12 June 2025.
Questions about 508, DT 1 Downtown
What did unit 508 last sell for?
AED 5,000,000 on 12 June 2025, sold by the developer: AED 1,971 per sqft for 2,536 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 205,000 a year on the contract signed on 5 April 2021.
How big is unit 508?
2,536 sqft (235.6 sqm): a three-bedroom apartment on the 5th floor of a 16-storey tower completed in 2020.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 508, DT 1 Downtown
Starts from the last sale price (AED 5M, 12 June 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 5,000,000
- Deposit, UAE resident (20%)
- AED 1,000,000
- Deposit, non-resident (40%)
- AED 2,000,000
- Monthly over 25 years at 3.7%
- AED 20,457
Plus AED 215,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →