506, Collective Tower 2
Sold prices and rental history: sold 3 times, last in April 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Collective Tower 2
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 2 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 484 sqft
- Floor
- 5th of 16
- Parking
- GF-77
- Developer
- Dubai Hills Estate
- Completed
- 2022
- Service charge
- AED 1,300 /yr
- Last sold
- AED 1.05M · April 2023
- Building
- Collective Tower 2
About 506, Collective Tower 2
506 is a one-bedroom apartment of 484 sqft on the 5th floor of Collective Tower 2, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. It last sold on 26 April 2023 for AED 1,050,000, or AED 2,167 per sqft, 30% above the AED 1,665 one-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 2 April 2025, is AED 85,000 a year: a gross yield of 8.1% on the 2023 price, before the service charge of about AED 1,300 a year.
Sales and rents for 506 over time
506 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 2, and where 506 sits
All 107 1-beds →506 last sold in April 2023 at AED 2,167 per sqft, 30% above what one-beds in Collective Tower 2 were fetching at the time (AED 1,665). Over the last 12 months one-beds sold for AED 1,200,000 to 1,300,000, around AED 2,521 per sqft, and rent for AED 75,000 to 140,000 a year. 506's AED 85,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Jan 202621 January 2026 | 476 sqft | 1,200,000 | 2,521 | ||
| 22 Dec 202522 December 2025 | 476 sqft | 1,200,000 | 2,520 | ||
| 28 Jul 202528 July 2025 | 491 sqft | 1,100,000 | 2,241 | ||
| 26 Jun 202526 June 2025 | 474 sqft | 1,315,000 | 2,772 |
Collective Tower 2
Building224 apartments, 1-bed to 2-bed over 16 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 10 sold in the last 12 months.
- Typical price per sqft
- AED 2,394 Down 3.1%
- Typical sale
- AED 1.5M
- Typical rent
- AED 92K /yr
- Typical yield
- 6.9%
Other units on the 5th floor
All 224 units in Collective Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 483 sqft | AED 687KAED 686,888 · Jun 2022June 2022 | ||
| 502 | 1-bed | 476 sqft | AED 678KAED 677,888 · Feb 2019February 2019 | 90,000 /yr | |
| 503 | 1-bed | 474 sqft | AED 740KAED 740,000 · Jun 2022June 2022 | 75,000 /yr | |
| 504 | 2-bed | 731 sqft | AED 1.18MAED 1,180,000 · Sep 2022September 2022 | 110,000 /yr | |
| 505 | 2-bed | 746 sqft | AED 1.02MAED 1,020,888 · Mar 2019March 2019 | 125,000 /yr | |
| 507 | 2-bed | 725 sqft | AED 997KAED 996,888 · Sep 2019September 2019 | 120,750 /yr | |
| 508 | 2-bed | 723 sqft | AED 994KAED 993,888 · Aug 2018August 2018 | 105,000 /yr | |
| 509 | 2-bed | 743 sqft | AED 1.02MAED 1,019,888 · Mar 2019March 2019 | 132,000 /yr | |
| 510 | 1-bed | 491 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | 75,000 /yr | |
| 511 | 1-bed | 117 sqft | AED 170KAED 169,722 · Nov 2020November 2020 | 75,000 /yr | |
| 512 | 2-bed | 729 sqft | AED 1000KAED 999,888 · Mar 2019March 2019 | 109,250 /yr | |
| 513 | 2-bed | 746 sqft | AED 1.02MAED 1,020,888 · Mar 2019March 2019 | 112,000 /yr | |
| 514 | 1-bed | 486 sqft | AED 1.25MAED 1,250,000 · Feb 2025February 2025 | 85,000 /yr | |
| 515 | 1-bed | 486 sqft | AED 1.1MAED 1,100,000 · Aug 2023August 2023 | 51,000 /yr | |
| 516 | 1-bed | 486 sqft | AED 693KAED 692,888 · Jul 2019July 2019 | 95,000 /yr | |
| 517 | 2-bed | 743 sqft | AED 1.02MAED 1,020,888 · Jul 2020July 2020 | 110,000 /yr |
506, Collective Tower 2 in numbers
- Sold 3 times: first on 26 February 2019 for AED 691,888, last on 26 April 2023 for AED 1,050,000 (AED 2,167 per sqft).
- Rented since December 2022 on 3 Ejari contracts, from AED 80,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2023 price is 8.1%, before a service charge of about AED 1,300 a year (AED 2.70 per sqft).
- One-beds in Collective Tower 2 sold for AED 1,200,000–1,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,394 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 2 April 2025.
Questions about 506, Collective Tower 2
What did unit 506 last sell for?
AED 1,050,000 on 26 April 2023: AED 2,167 per sqft for 484 sqft. The unit has 3 registered sales; the first was AED 691,888 in February 2019.
What is the rent for unit 506?
AED 85,000 a year on the contract renewed on 2 April 2025. The previous contract, from April 2024, was AED 85,000; the unit has been rented since December 2022.
How big is unit 506?
484 sqft (45.0 sqm): a one-bedroom apartment on the 5th floor of a 16-storey tower completed in 2022.
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 Collective Tower 2 sold for AED 1,200,000 to 1,300,000 in the last 12 months, around AED 2,521 per sqft.
Selling 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, Collective Tower 2
Starts from the last sale price (AED 1.05M, 26 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus AED 49,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →