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1-bed · 476 sqftCollective Tower 1, Dubai Hills Estate · 6th floor · completed 2022

608, Collective Tower 1

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

Unit 608 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 679K12 February 2019
Current rentAED 64K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 608, Collective Tower 1

What is 608 worth today?

Last sold for AED 678,888 in 2019

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1 Jun 2024RentedRenewal
AED 63,600/yr12 months · AED 134 per sqft
1 Jun 2022RentedNew contract
AED 47,000/yr12 months · AED 99 per sqft
12 Feb 2019Sold by developerOff-plan
AED 678,888AED 1,427 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 June 2024.

Key facts

Type
1-bed apartment
Size
476 sqft
Floor
6th of 16
Parking
B1-196
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 1,300 /yr
Last sold
AED 679K · February 2019
Building
Collective Tower 1

About 608, Collective Tower 1

608 is a one-bedroom apartment of 476 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 February 2019 for AED 678,888, or AED 1,427 per sqft, in line with the AED 1,459 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 1 June 2024, is AED 63,600 a year: a gross yield of 9.4% on the 2019 price, before the service charge of about AED 1,300 a year.

Sales and rents for 608 over time

Sales
Unit 608, each saleTypical one-bed in Collective Tower 1
1M2018202120242027Typical sale price by year: 2018 AED 699,388; 2019 AED 687,888; 2020 AED 729,888; 2021 AED 660,000; 2022 AED 780,000; 2023 AED 1,025,000; 2024 AED 1,250,000; 2025 AED 1,260,000; 2026 AED 1,300,000Sold by developer, February 2019: AED 678,888 (AED 1,427 per sqft)

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

Rents
Unit 608, each contractTypical one-bed in Collective Tower 1
50K75K100K202220242026Typical rent by year: 2022 AED 57,000; 2023 AED 65,000; 2024 AED 80,950; 2025 AED 85,000; 2026 AED 95,000New contract, June 2022: AED 47,000 a yearRenewal, June 2024: AED 63,600 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 Collective Tower 1, and where 608 sits

All 116 1-beds →

608 last sold in February 2019 at AED 1,427 per sqft, in line with what one-beds in Collective Tower 1 were fetching at the time (AED 1,459). Over the last 12 months one-beds sold for AED 1,240,000 to 1,340,000, around AED 2,711 per sqft, and rent for AED 75,000 to 105,000 a year. 608's AED 63,600 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Jan 20261,340,000
15 Jan 20261,240,000
8 Jan 20261,300,000
25 Dec 20251,300,000
4 1-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
6052-bedAED 1.02M · Jun 2019
6062-bedAED 1M · Mar 2019
6071-bedAED 680K · Jul 2018
1–7 of 19

608, Collective Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 12 February 2019 for AED 678,888, or AED 1,427 per sqft.
  • Rented since June 2022 on 2 Ejari contracts, from AED 47,000 to AED 63,600 a year.
  • At AED 63,600 a year the gross yield on the 2019 price is 9.4%, before a service charge of about AED 1,300 a year (AED 2.70 per sqft).
  • One-beds in Collective Tower 1 sold for AED 1,240,000–1,340,000 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 1 June 2024.

Questions about 608, Collective Tower 1

What did unit 608 last sell for?

AED 678,888 on 12 February 2019, sold by the developer: AED 1,427 per sqft for 476 sqft. It is the only registered sale of the unit.

What is the rent for unit 608?

AED 63,600 a year on the contract renewed on 1 June 2024. The previous contract, from June 2022, was AED 47,000.

How big is unit 608?

476 sqft (44.2 sqm): a one-bedroom apartment on the 6th floor of a 16-storey tower completed in 2022.

What is unit 608 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Collective Tower 1 sold for AED 1,240,000 to 1,340,000 in the last 12 months, around AED 2,711 per sqft.

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Mortgage on 608, Collective Tower 1

Starts from the last sale price (AED 679K, 12 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 678,888
Deposit, UAE resident (20%)
AED 135,778
Deposit, non-resident (40%)
AED 271,555
Monthly over 25 years at 3.7%
AED 2,778

Plus AED 33,524 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →