506, Park Terrace
Sold prices and rental history: sold 3 times, last in November 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Park Terrace
What is 506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 5th of 11
- Parking
- B2/07,08
- Developer
- Madison Holdingo
- Completed
- 2010
- Service charge
- AED 19,400 /yr
- Last sold
- AED 790K · November 2022
- Building
- Park Terrace
About 506, Park Terrace
506 is a two-bedroom apartment of 1,452 sqft on the 5th floor of Park Terrace, a 11-storey tower in Dubai Silicon Oasis completed in 2010 by Madison Holdingo. It last sold on 21 November 2022 for AED 790,000, or AED 544 per sqft.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 20 October 2024, is AED 73,000 a year: a gross yield of 9.2% on the 2022 price, before the service charge of about AED 19,400 a year.
Sales and rents for 506 over time
506 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Park Terrace, and where 506 sits
All 25 2-beds →Over the last 12 months two-beds sold for AED 1,275,000 to 1,280,000, around AED 879 per sqft, and rent for AED 57,750 to 100,000 a year. 506's AED 73,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jan 202613 January 2026 | 1,456 sqft | 1,280,000 | 879 | ||
| 29 Apr 202429 April 2024 | 1,456 sqft | 800,000 | 549 | ||
| 16 Jan 202416 January 2024 | 1,456 sqft | 900,000 | 618 | ||
| 19 Sep 202319 September 2023 | 1,449 sqft | 840,000 | 579 |
Park Terrace
Building94 apartments, studios to 3-bed over 11 floors in Dubai Silicon Oasis, completed in 2010 by Madison Holdingo. 4 sold in the last 12 months.
- Typical price per sqft
- AED 881
- Typical sale
- AED 1.04M
- Typical rent
- AED 75K /yr
- Typical yield
- 8.6%
Other units on the 5th floor
All 94 units in Park Terrace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 804 sqft | AED 470KAED 470,000 · May 2019May 2019 | 100,000 /yr | |
| 502 | 725 sqft | AED 1.28MAED 1,275,000 · Jan 2026January 2026 | 142,000 /yr | ||
| 503 | 2-bed | 1,426 sqft | AED 665KAED 665,000 · Feb 2012February 2012 | 75,000 /yr | |
| 504 | 1-bed | 906 sqft | AED 730KAED 730,000 · May 2025May 2025 | 80,000 /yr | |
| 505 | 1-bed | 906 sqft | AED 645KAED 645,000 · Oct 2024October 2024 | 55,000 /yr | |
| 507 | 2-bed | 1,456 sqft | AED 900KAED 900,000 · Jan 2024January 2024 | 120,000 /yr | |
| 508 | 805 sqft | AED 700KAED 700,000 · Sep 2025September 2025 | 78,000 /yr |
506, Park Terrace in numbers
- Sold 3 times: first on 14 January 2016 for AED 1,041,880, last on 21 November 2022 for AED 790,000 (AED 544 per sqft).
- Rented since September 2016 on 5 Ejari contracts. The rent fell from AED 87,000 to AED 53,000 in 2022 and recovered to AED 73,000 by October 2024.
- At AED 73,000 a year the gross yield on the 2022 price is 9.2%, before a service charge of about AED 19,400 a year (AED 13.33 per sqft).
- Two-beds in Park Terrace sold for AED 1,275,000–1,280,000 in the 12 months to November 2026; the building's median across all types is AED 881 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 20 October 2024.
Questions about 506, Park Terrace
What did unit 506 last sell for?
AED 790,000 on 21 November 2022: AED 544 per sqft for 1,452 sqft. The unit has 3 registered sales; the first was AED 1,041,880 in January 2016.
What is the rent for unit 506?
AED 73,000 a year on the contract signed on 20 October 2024. The previous contract, from December 2022, was AED 53,000; the unit has been rented since September 2016.
How big is unit 506?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2010.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Terrace sold for AED 1,275,000 to 1,280,000 in the last 12 months, around AED 879 per sqft.
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Mortgage on 506, Park Terrace
Starts from the last sale price (AED 790K, 21 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 790,000
- Deposit, UAE resident (20%)
- AED 158,000
- Deposit, non-resident (40%)
- AED 316,000
- Monthly over 25 years at 3.7%
- AED 3,232
Plus AED 38,190 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →