1-bed · 684 sqftHarbour Gate Tower 2, Dubai Creek Harbour · 5th floor · completed 2022

502, Harbour Gate Tower 2

Sold prices and rental history: sold once, by the developer in June 2022, and rented once, from February 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 28 February 2023
Last soldAED 1.53M22 June 2022
Current rentAED 80K /yr28 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Harbour Gate Tower 2

What is 502 worth today?

Last sold for AED 1,531,888 in 2022

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28 Feb 2023RentedNew contract
AED 80,000/yr12 months · AED 117 per sqft
22 Jun 2022Sold by developerOff-plan
AED 1,531,888AED 2,240 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 28 February 2023.

Key facts

Type
1-bed apartment
Size
684 sqft
Floor
5th of 31
Parking
P-105, P-105A
Developer
Emaar
Completed
2022
Last sold
AED 1.53M · June 2022

About 502, Harbour Gate Tower 2

502 is a one-bedroom apartment of 684 sqft on the 5th floor of Harbour Gate Tower 2, a 31-storey tower in Dubai Creek Harbour completed in 2022 by Emaar. The developer sold it on 22 June 2022 for AED 1,531,888, or AED 2,240 per sqft, 10% above the AED 2,034 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 February 2023. The current contract, signed on 28 February 2023, is AED 80,000 a year: a gross yield of 5.2% on the 2022 price.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical one-bed in Harbour Gate Tower 2
1.25M1.5M2017202020232026Typical sale price by year: 2017 AED 1,192,388; 2018 AED 1,095,888; 2019 AED 1,223,888; 2020 AED 1,262,888; 2022 AED 1,240,000; 2023 AED 1,315,000; 2024 AED 1,552,500; 2025 AED 1,585,000Sold by developer, June 2022: AED 1,531,888 (AED 2,240 per sqft)

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

Rents
Unit 502, each contractTypical one-bed in Harbour Gate Tower 2
70K80K90K202220242026Typical rent by year: 2022 AED 73,500; 2023 AED 79,886; 2024 AED 85,000; 2025 AED 88,000; 2026 AED 95,000New contract, February 2023: AED 80,000 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 Harbour Gate Tower 2, and where 502 sits

All 63 1-beds →

502 last sold in June 2022 at AED 2,240 per sqft, 10% above what one-beds in Harbour Gate Tower 2 were fetching at the time (AED 2,034). Over the last 12 months one-beds sold for AED 1,850,000, around AED 2,183 per sqft, and rent for AED 87,000 to 120,000 a year. 502's AED 80,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Feb 20261,850,000
16 Jul 20251,600,000
9 Jul 20251,595,000
23 Jun 20251,700,000
1 1-bed sale in the last 12 months

Harbour Gate Tower 2

Building

223 apartments, 1-bed to 4-bed over 31 floors in Dubai Creek Harbour, completed in 2022 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 2,166
Typical sale
AED 2.93M
Typical rent
AED 145K /yr
Typical yield
6.0%
Harbour Gate Tower 2, Dubai Creek Harbour: prices, sales and rents →

Other units on the 5th floor

All 223 units in Harbour Gate Tower 2
Value
5013-bedAED 2.29M · Oct 2017
5033-bedAED 3.38M · Apr 2023
5042-bedAED 2.3M · May 2024
5051-bedAED 1.22M · Jul 2017
506AED 1.36M · Mar 2024
5071-bedAED 937K · Jul 2017
5082-bedAED 1.42M · Mar 2018
1–7 of 8

502, Harbour Gate Tower 2 in numbers

  • Sold once: by Emaar on 22 June 2022 for AED 1,531,888, or AED 2,240 per sqft.
  • Rented since February 2023 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2022 price is 5.2%.
  • One-beds in Harbour Gate Tower 2 sold for AED 1,850,000–1,850,000 in the 12 months to November 2026; the building's median across all types is AED 2,166 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 28 February 2023.

Questions about 502, Harbour Gate Tower 2

What did unit 502 last sell for?

AED 1,531,888 on 22 June 2022, sold by the developer: AED 2,240 per sqft for 684 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 80,000 a year on the contract signed on 28 February 2023.

How big is unit 502?

684 sqft (63.5 sqm): a one-bedroom apartment on the 5th floor of a 31-storey tower completed in 2022.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Harbour Gate Tower 2 sold for AED 1,850,000 to 1,850,000 in the last 12 months, around AED 2,183 per sqft.

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Mortgage on 502, Harbour Gate Tower 2

Starts from the last sale price (AED 1.53M, 22 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,531,888
Deposit, UAE resident (20%)
AED 306,378
Deposit, non-resident (40%)
AED 612,755
Monthly over 25 years at 3.7%
AED 6,267

Plus AED 69,350 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →