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1-bed · 843 sqftSkycourt Towers E, Dubailand Residence Complex · 5th floor · completed 2011

516, Skycourt Towers E

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 5 June 2024
Last soldAED 400K19 October 2023
Current rentAED 39K /yr5 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 516, Skycourt Towers E

What is 516 worth today?

Last sold for AED 400,000 in 2023

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5 Jun 2024RentedNew contract
AED 38,500/yr12 months · AED 46 per sqft
19 Oct 2023SoldReady
AED 400,000AED 474 per sqft
5 Jun 2023RentedRenewal
AED 36,000/yr12 months · AED 43 per sqft
5 Jun 2022RentedRenewal
AED 29,500/yr12 months · AED 35 per sqft
5 Jun 2021RentedRenewal
AED 26,000/yr12 months · AED 31 per sqft
5 Jun 2020RentedRenewal
AED 29,000/yr12 months · AED 35 per sqft
5 Jun 2019RentedRenewal
AED 45,000/yr12 months · AED 54 per sqft
5 Jun 2016RentedNew contract
AED 52,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 5 June 2024.

Key facts

Type
1-bed apartment
Size
843 sqft
Floor
5th of 21
Parking
P2 E 94
Developer
Sky Courts
Completed
2011
Service charge
AED 10,900 /yr
Last sold
AED 400K · October 2023
Building
Skycourt Towers E

About 516, Skycourt Towers E

516 is a one-bedroom apartment of 843 sqft on the 5th floor of Skycourt Towers E, a 21-storey tower in Dubailand Residence Complex completed in 2011 by Sky Courts. It last sold on 19 October 2023 for AED 400,000, or AED 474 per sqft, 8% above the AED 440 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, signed on 5 June 2024, is AED 38,500 a year: a gross yield of 9.6% on the 2023 price, before the service charge of about AED 10,900 a year.

Sales and rents for 516 over time

Sales
Unit 516, each saleTypical one-bed in Skycourt Towers E
400K600K2009201420192024Typical sale price by year: 2009 AED 501,346; 2011 AED 516,200; 2012 AED 501,346; 2013 AED 516,200; 2014 AED 610,000; 2015 AED 510,673; 2016 AED 572,500; 2017 AED 560,500; 2018 AED 600,000; 2020 AED 425,707; 2021 AED 345,000; 2022 AED 345,000; 2023 AED 392,500; 2024 AED 502,500; 2025 AED 497,500; 2026 AED 580,000Sold by developer, September 2009: AED 581,270 (AED 689 per sqft)Sold, January 2012: AED 581,270 (AED 689 per sqft)Sold, October 2023: AED 400,000 (AED 474 per sqft)

516 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 516, each contractTypical one-bed in Skycourt Towers E
40K2012201620202024Typical rent by year: 2012 AED 32,000; 2013 AED 36,813; 2014 AED 40,000; 2015 AED 52,000; 2016 AED 52,000; 2017 AED 50,000; 2018 AED 43,500; 2019 AED 36,000; 2020 AED 30,000; 2021 AED 26,000; 2022 AED 28,750; 2023 AED 34,200; 2024 AED 42,000; 2025 AED 46,000; 2026 AED 52,000New contract, November 2012: AED 29,500 a yearNew contract, November 2014: AED 46,000 a yearNew contract, June 2016: AED 52,000 a yearRenewal, June 2019: AED 45,000 a yearRenewal, June 2020: AED 29,000 a yearRenewal, June 2021: AED 26,000 a yearRenewal, June 2022: AED 29,500 a yearRenewal, June 2023: AED 36,000 a yearNew contract, June 2024: AED 38,500 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Skycourt Towers E, and where 516 sits

All 111 1-beds →

516 last sold in October 2023 at AED 474 per sqft, 8% above what one-beds in Skycourt Towers E were fetching at the time (AED 440). Over the last 12 months one-beds sold for AED 469,271 to 595,000, around AED 688 per sqft, and rent for AED 35,420 to 62,000 a year. 516's AED 38,500 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Feb 2026595,000
3 Feb 2026469,271
27 Jan 2026580,000
27 Jan 2026580,000
7 1-bed sales in the last 12 months

Skycourt Towers E

Building

387 apartments, studios to 2-bed over 21 floors in Dubailand Residence Complex, completed in 2011 by Sky Courts. 22 sold in the last 12 months.

Typical price per sqft
AED 706 Up 5.7%
Typical sale
AED 665K
Typical rent
AED 53K /yr
Typical yield
9.1%
Skycourt Towers E, Dubailand Residence Complex: prices, sales and rents →

Other units on the 5th floor

All 387 units in Skycourt Towers E
Value
5012-bedAED 721K · Dec 2011
5022-bedAED 836K · Sep 2023
5032-bedAED 840K · Nov 2011
504StudioAED 410K · Jun 2015
505StudioAED 369K · Mar 2025
506StudioAED 273K · Sep 2011
5072-bedAED 836K · Nov 2023
1–7 of 19

516, Skycourt Towers E in numbers

  • Sold 3 times: first on 14 September 2009 for AED 581,270, last on 19 October 2023 for AED 400,000 (AED 474 per sqft).
  • Rented since November 2012 on 9 Ejari contracts. The rent fell from AED 29,500 to AED 26,000 in 2021 and recovered to AED 38,500 by June 2024.
  • At AED 38,500 a year the gross yield on the 2023 price is 9.6%, before a service charge of about AED 10,900 a year (AED 12.89 per sqft).
  • One-beds in Skycourt Towers E sold for AED 469,271–595,000 in the 12 months to November 2026; the building's median across all types is AED 706 per sqft.

Source: Dubai Land Department. Updated 5 June 2024.

Questions about 516, Skycourt Towers E

What did unit 516 last sell for?

AED 400,000 on 19 October 2023: AED 474 per sqft for 843 sqft. The unit has 3 registered sales; the first was AED 581,270 in September 2009.

What is the rent for unit 516?

AED 38,500 a year on the contract signed on 5 June 2024. The previous contract, from June 2023, was AED 36,000; the unit has been rented since November 2012.

How big is unit 516?

843 sqft (78.3 sqm): a one-bedroom apartment on the 5th floor of a 21-storey tower completed in 2011.

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 Skycourt Towers E sold for AED 469,271 to 595,000 in the last 12 months, around AED 688 per sqft.

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Mortgage on 516, Skycourt Towers E

Starts from the last sale price (AED 400K, 19 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

Plus AED 19,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →