507, Phoenix Tower
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Phoenix Tower
What is 507 worth today?
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Source: Dubai Land Department. Updated 20 July 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,254 sqft
- Floor
- 5th of 7
- Parking
- B2-13
- Developer
- Phoenix Holdings
- Completed
- 2009
- Service charge
- AED 20,300 /yr
- Last sold
- AED 721K · June 2015
- Building
- Phoenix Tower
About 507, Phoenix Tower
507 is a two-bedroom apartment of 1,254 sqft on the 5th floor of Phoenix Tower, a 7-storey tower in Dubailand Residence Complex completed in 2009 by Phoenix Holdings. The developer sold it on 30 June 2015 for AED 720,797, or AED 574 per sqft, 22% below the AED 736 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 20 July 2025, is AED 65,000 a year: a gross yield of 9.0% on the 2015 price, before the service charge of about AED 20,300 a year.
Sales and rents for 507 over time
507 has sold once; 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 Phoenix Tower, and where 507 sits
All 28 2-beds →507 last sold in June 2015 at AED 574 per sqft, 22% below what two-beds in Phoenix Tower were fetching at the time (AED 736). 507's AED 65,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Sep 202311 September 2023 | 1,254 sqft | 550,000 | 438 | ||
| 26 Mar 201726 March 2017 | 1,254 sqft | 814,886 | 649 | ||
| 8 Oct 20158 October 2015 | 1,149 sqft | 735,251 | 639 | ||
| 8 Oct 20158 October 2015 | 1,149 sqft | 735,251 | 639 |
Phoenix Tower
Building110 apartments, studios to 2-bed over 7 floors in Dubailand Residence Complex, completed in 2009 by Phoenix Holdings. 1 sold in the last 12 months.
- Typical price per sqft
- AED 431
- Typical sale
- AED 332K
- Typical rent
- AED 34K /yr
- Typical yield
- 12.7%
Other units on the 5th floor
All 110 units in Phoenix Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,254 sqft | AED 721KAED 720,797 · Jul 2014July 2014 | 51,891 /yr | |
| 502 | Studio | 549 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 29,000 /yr | |
| 503 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 30,418 /yr | |
| 504 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 29,400 /yr | |
| 505 | Studio | 546 sqft | AED 329KAED 329,160 · Jul 2014July 2014 | 26,400 /yr | |
| 506 | Studio | 549 sqft | AED 329KAED 329,160 · Jul 2014July 2014 | 29,800 /yr | |
| 508 | 1-bed | 817 sqft | AED 495KAED 495,289 · Jul 2014July 2014 | 45,000 /yr | |
| 509 | 2-bed | 1,254 sqft | AED 550KAED 550,000 · Sep 2023September 2023 | 42,000 /yr | |
| 510 | Studio | 549 sqft | AED 357KAED 356,824 · Sep 2015September 2015 | 29,800 /yr | |
| 511 | Studio | 546 sqft | AED 329KAED 329,160 · Jul 2014July 2014 | 30,000 /yr | |
| 512 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 24,750 /yr | |
| 513 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 30,000 /yr | |
| 514 | Studio | 549 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 30,360 /yr | |
| 515 | 2-bed | 1,149 sqft | AED 735KAED 735,251 · Oct 2015October 2015 | 63,000 /yr | |
| 516 | 769 sqft | AED 332KAED 332,111 · Nov 2025November 2025 | 38,500 /yr |
507, Phoenix Tower in numbers
- Sold once: by Phoenix Holdings on 30 June 2015 for AED 720,797, or AED 574 per sqft.
- Rented since August 2015 on 9 Ejari contracts. The rent fell from AED 55,000 to AED 42,000 in 2022 and recovered to AED 65,000 by July 2025.
- At AED 65,000 a year the gross yield on the 2015 price is 9.0%, before a service charge of about AED 20,300 a year (AED 16.19 per sqft).
Source: Dubai Land Department. Updated 20 July 2025.
Questions about 507, Phoenix Tower
What did unit 507 last sell for?
AED 720,797 on 30 June 2015, sold by the developer: AED 574 per sqft for 1,254 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 65,000 a year on the contract signed on 20 July 2025. The previous contract, from May 2024, was AED 50,000; the unit has been rented since August 2015.
How big is unit 507?
1,254 sqft (116.5 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 507, Phoenix Tower
Starts from the last sale price (AED 721K, 30 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 720,797
- Deposit, UAE resident (20%)
- AED 144,159
- Deposit, non-resident (40%)
- AED 288,319
- Monthly over 25 years at 3.7%
- AED 2,949
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →