2-bed · 729 sqftCollective Tower 2, Dubai Hills Estate · 6th floor · completed 2022

612, Collective Tower 2

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

Unit 612 · DLD and Ejari recordsUpdated 20 July 2024
Last soldAED 1M7 March 2019
Current rentAED 108K /yr20 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 612, Collective Tower 2

What is 612 worth today?

Last sold for AED 1,001,888 in 2019

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20 Jul 2024RentedRenewal
AED 107,525/yr12 months · AED 148 per sqft
20 Jul 2023RentedRenewal
AED 93,500/yr12 months · AED 128 per sqft
20 Jul 2022RentedNew contract
AED 85,000/yr12 months · AED 117 per sqft
7 Mar 2019Sold by developerOff-plan
AED 1,001,888AED 1,374 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 July 2024.

Key facts

Type
2-bed apartment
Size
729 sqft
Floor
6th of 16
Parking
GF-16
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 2,000 /yr
Last sold
AED 1M · March 2019

About 612, Collective Tower 2

612 is a two-bedroom apartment of 729 sqft on the 6th 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 7 March 2019 for AED 1,001,888, or AED 1,374 per sqft, in line with the AED 1,384 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 20 July 2024, is AED 107,525 a year: a gross yield of 10.7% on the 2019 price, before the service charge of about AED 2,000 a year.

Sales and rents for 612 over time

Sales
Unit 612, each saleTypical two-bed in Collective Tower 2
1M1.5M20182020202220242026Typical sale price by year: 2018 AED 1,020,388; 2019 AED 1,023,388; 2020 AED 1,020,888; 2021 AED 1,044,888; 2022 AED 1,190,000; 2023 AED 1,400,000; 2024 AED 1,665,000; 2025 AED 1,660,000Sold by developer, March 2019: AED 1,001,888 (AED 1,374 per sqft)

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

Rents
Unit 612, each contractTypical two-bed in Collective Tower 2
80K100K202220242026Typical rent by year: 2022 AED 75,000; 2023 AED 84,000; 2024 AED 106,263; 2025 AED 110,000; 2026 AED 107,500New contract, July 2022: AED 85,000 a yearRenewal, July 2023: AED 93,500 a yearRenewal, July 2024: AED 107,525 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 2, and where 612 sits

All 102 2-beds →

612 last sold in March 2019 at AED 1,374 per sqft, in line with what two-beds in Collective Tower 2 were fetching at the time (AED 1,384). Over the last 12 months two-beds sold for AED 1,400,000 to 1,850,000, around AED 2,229 per sqft, and rent for AED 90,000 to 145,000 a year. 612's AED 107,525 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Feb 20261,650,000
20 Jan 20261,670,000
23 Dec 20251,400,000
17 Dec 20251,640,000
6 2-bed sales in the last 12 months

Collective Tower 2

Building

224 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%
Collective Tower 2, Dubai Hills Estate: prices, sales and rents →

Other units on the 6th floor

All 224 units in Collective Tower 2
Value
6011-bedAED 1.08M · Mar 2024
6021-bedAED 680K · Jun 2019
6031-bedAED 1.1M · Mar 2024
6042-bedAED 1M · Feb 2019
6052-bedAED 2M · Mar 2025
6061-bedAED 693K · Feb 2019
6072-bedAED 999K · Feb 2019
1–7 of 16

612, Collective Tower 2 in numbers

  • Sold once: by Dubai Hills Estate on 7 March 2019 for AED 1,001,888, or AED 1,374 per sqft.
  • Rented since July 2022 on 3 Ejari contracts, from AED 85,000 to AED 107,525 a year.
  • At AED 107,525 a year the gross yield on the 2019 price is 10.7%, before a service charge of about AED 2,000 a year (AED 2.70 per sqft).
  • Two-beds in Collective Tower 2 sold for AED 1,400,000–1,850,000 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 20 July 2024.

Questions about 612, Collective Tower 2

What did unit 612 last sell for?

AED 1,001,888 on 7 March 2019, sold by the developer: AED 1,374 per sqft for 729 sqft. It is the only registered sale of the unit.

What is the rent for unit 612?

AED 107,525 a year on the contract renewed on 20 July 2024. The previous contract, from July 2023, was AED 93,500; the unit has been rented since July 2022.

How big is unit 612?

729 sqft (67.7 sqm): a two-bedroom apartment on the 6th floor of a 16-storey tower completed in 2022.

What is unit 612 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 2 sold for AED 1,400,000 to 1,850,000 in the last 12 months, around AED 2,229 per sqft.

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Mortgage on 612, Collective Tower 2

Starts from the last sale price (AED 1M, 7 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,001,888
Deposit, UAE resident (20%)
AED 200,378
Deposit, non-resident (40%)
AED 400,755
Monthly over 25 years at 3.7%
AED 4,099

Plus AED 47,090 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →