516, Collective Tower 2
Sold prices and rental history: sold once, by the developer in July 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Collective Tower 2
What is 516 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 12 January 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 486 sqft
- Floor
- 5th of 16
- Parking
- GF-73
- Developer
- Dubai Hills Estate
- Completed
- 2022
- Service charge
- AED 1,300 /yr
- Last sold
- AED 693K · July 2019
- Building
- Collective Tower 2
About 516, Collective Tower 2
516 is a one-bedroom apartment of 486 sqft on the 5th floor of Collective Tower 2, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. The developer sold it on 21 July 2019 for AED 692,888, or AED 1,426 per sqft, in line with the AED 1,435 one-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 12 January 2024, is AED 95,000 a year: a gross yield of 13.7% on the 2019 price, before the service charge of about AED 1,300 a year.
Sales and rents for 516 over time
516 has sold once; 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 516 sits
All 107 1-beds →516 last sold in July 2019 at AED 1,426 per sqft, in line with what one-beds in Collective Tower 2 were fetching at the time (AED 1,435). 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. 516's AED 95,000 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 2.6%
- 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 | |
| 506 | 1-bed | 484 sqft | AED 1.05MAED 1,050,000 · Apr 2023April 2023 | 85,000 /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 | |
| 517 | 2-bed | 743 sqft | AED 1.02MAED 1,020,888 · Jul 2020July 2020 | 110,000 /yr |
516, Collective Tower 2 in numbers
- Sold once: by Dubai Hills Estate on 21 July 2019 for AED 692,888, or AED 1,426 per sqft.
- Rented since November 2022 on 2 Ejari contracts, from AED 65,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2019 price is 13.7%, 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 12 January 2024.
Questions about 516, Collective Tower 2
What did unit 516 last sell for?
AED 692,888 on 21 July 2019, sold by the developer: AED 1,426 per sqft for 486 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 95,000 a year on the contract signed on 12 January 2024. The previous contract, from November 2022, was AED 65,000.
How big is unit 516?
486 sqft (45.2 sqm): a one-bedroom apartment on the 5th floor of a 16-storey tower completed in 2022.
What is unit 516 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.
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Mortgage on 516, Collective Tower 2
Starts from the last sale price (AED 693K, 21 July 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 692,888
- Deposit, UAE resident (20%)
- AED 138,578
- Deposit, non-resident (40%)
- AED 277,155
- Monthly over 25 years at 3.7%
- AED 2,835
Plus AED 34,112 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →