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2-bed · 746 sqftCollective Tower 1, Dubai Hills Estate · 6th floor · completed 2022

605, Collective Tower 1

Sold prices and rental history: sold once, by the developer in June 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 605 · DLD and Ejari recordsUpdated 17 August 2024
Last soldAED 1.02M12 June 2019
Current rentAED 96K /yr17 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 605, Collective Tower 1

What is 605 worth today?

Last sold for AED 1,022,888 in 2019

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17 Aug 2024RentedRenewal
AED 96,140/yr12 months · AED 129 per sqft
17 Aug 2023RentedRenewal
AED 83,600/yr12 months · AED 112 per sqft
17 Aug 2022RentedNew contract
AED 76,000/yr12 months · AED 102 per sqft
12 Jun 2019Sold by developerOff-plan
AED 1,022,888AED 1,370 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 August 2024.

Key facts

Type
2-bed apartment
Size
746 sqft
Floor
6th of 16
Parking
B1-182
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 2,000 /yr
Last sold
AED 1.02M · June 2019
Building
Collective Tower 1

About 605, Collective Tower 1

605 is a two-bedroom apartment of 746 sqft on the 6th floor of Collective Tower 1, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. The developer sold it on 12 June 2019 for AED 1,022,888, or AED 1,370 per sqft, in line with the AED 1,398 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 17 August 2024, is AED 96,140 a year: a gross yield of 9.4% on the 2019 price, before the service charge of about AED 2,000 a year.

Sales and rents for 605 over time

Sales
Unit 605, each saleTypical two-bed in Collective Tower 1
1M1.5M20182020202220242026Typical sale price by year: 2018 AED 1,028,888; 2019 AED 1,025,888; 2020 AED 1,081,888; 2021 AED 990,000; 2022 AED 1,187,500; 2023 AED 1,475,000; 2024 AED 1,700,000; 2025 AED 1,700,000Sold by developer, June 2019: AED 1,022,888 (AED 1,370 per sqft)

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

Rents
Unit 605, each contractTypical two-bed in Collective Tower 1
80K100K120K202220242026Typical rent by year: 2022 AED 77,000; 2023 AED 89,250; 2024 AED 105,283; 2025 AED 110,000; 2026 AED 120,000New contract, August 2022: AED 76,000 a yearRenewal, August 2023: AED 83,600 a yearRenewal, August 2024: AED 96,140 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Collective Tower 1, and where 605 sits

All 121 2-beds →

605 last sold in June 2019 at AED 1,370 per sqft, in line with what two-beds in Collective Tower 1 were fetching at the time (AED 1,398). Over the last 12 months two-beds sold for AED 1,680,000 to 1,750,000, around AED 2,386 per sqft, and rent for AED 100,000 to 150,000 a year. 605's AED 96,140 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Feb 20261,700,000
29 Jan 202692,489
20 Jan 20261,730,000
5 Jan 202645,465
8 2-bed sales in the last 12 months

Collective Tower 1

Building

249 apartments, 1-bed to 2-bed over 16 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 12 sold in the last 12 months.

Typical price per sqft
AED 2,414 Down 2.2%
Typical sale
AED 1.68M
Typical rent
AED 111K /yr
Typical yield
7.0%
Collective Tower 1, Dubai Hills Estate: prices, sales and rents →

Other units on the 6th floor

All 249 units in Collective Tower 1
Value
6012-bedAED 1.02M · Mar 2019
6022-bedAED 820K · Aug 2021
6032-bedAED 1.01M · Mar 2019
6041-bedAED 696K · Feb 2019
6062-bedAED 1M · Mar 2019
6071-bedAED 680K · Jul 2018
6081-bedAED 679K · Feb 2019
1–7 of 19

605, Collective Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 12 June 2019 for AED 1,022,888, or AED 1,370 per sqft.
  • Rented since August 2022 on 3 Ejari contracts, from AED 76,000 to AED 96,140 a year.
  • At AED 96,140 a year the gross yield on the 2019 price is 9.4%, before a service charge of about AED 2,000 a year (AED 2.70 per sqft).
  • Two-beds in Collective Tower 1 sold for AED 1,680,000–1,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,414 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 17 August 2024.

Questions about 605, Collective Tower 1

What did unit 605 last sell for?

AED 1,022,888 on 12 June 2019, sold by the developer: AED 1,370 per sqft for 746 sqft. It is the only registered sale of the unit.

What is the rent for unit 605?

AED 96,140 a year on the contract renewed on 17 August 2024. The previous contract, from August 2023, was AED 83,600; the unit has been rented since August 2022.

How big is unit 605?

746 sqft (69.3 sqm): a two-bedroom apartment on the 6th floor of a 16-storey tower completed in 2022.

What is unit 605 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Collective Tower 1 sold for AED 1,680,000 to 1,750,000 in the last 12 months, around AED 2,386 per sqft.

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Mortgage on 605, Collective Tower 1

Starts from the last sale price (AED 1.02M, 12 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,022,888
Deposit, UAE resident (20%)
AED 204,578
Deposit, non-resident (40%)
AED 409,155
Monthly over 25 years at 3.7%
AED 4,185

Plus AED 47,972 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →