509, Concorde Tower
Sold prices and rental history: sold 3 times, last in August 2023, 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 509, Concorde Tower
What is 509 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 971 sqft
- Floor
- 5th of 43
- Parking
- (1)
- Developer
- 32 Group Properties
- Completed
- 2008
- Service charge
- AED 19,300 /yr
- Last sold
- AED 820K · August 2023
- Building
- Concorde Tower
About 509, Concorde Tower
509 is a one-bedroom apartment of 971 sqft on the 5th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. It last sold on 24 August 2023 for AED 820,000, or AED 844 per sqft, in line with the AED 858 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 5 August 2024, is AED 85,000 a year: a gross yield of 10.4% on the 2023 price, before the service charge of about AED 19,300 a year.
Sales and rents for 509 over time
509 has sold 3 times; 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 Concorde Tower, and where 509 sits
All 389 1-beds →509 last sold in August 2023 at AED 844 per sqft, in line with what one-beds in Concorde Tower were fetching at the time (AED 858). Over the last 12 months one-beds sold for AED 800,000 to 1,500,000, around AED 1,224 per sqft, and rent for AED 37,000 to 160,000 a year. 509's AED 85,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Feb 202610 February 2026 | 744 sqft | 950,000 | 1,277 | ||
| 30 Jan 202630 January 2026 | 639 sqft | 1,150,000 | 1,800 | ||
| 30 Jan 202630 January 2026 | 1,439 sqft | 1,440,000 | 1,000 | ||
| 29 Jan 202629 January 2026 | 980 sqft | 1,200,000 | 1,224 |
Concorde Tower
Building470 apartments, studios to 3-bed over 43 floors in Jumeirah Lake Towers (JLT), completed in 2008 by 32 Group Properties. 13 sold in the last 12 months.
- Typical price per sqft
- AED 1,224 Up 2.8%
- Typical sale
- AED 1.15M
- Typical rent
- AED 80K /yr
- Typical yield
- 8.0%
Other units on the 5th floor
All 470 units in Concorde Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 744 sqft | AED 1.06MAED 1,060,000 · Jan 2014January 2014 | 80,000 /yr | |
| 502 | 1-bed | 675 sqft | AED 830KAED 830,000 · Apr 2015April 2015 | 69,626 /yr | |
| 503 | 1-bed | 819 sqft | AED 495KAED 495,000 · Mar 2012March 2012 | 60,720 /yr | |
| 504 | Studio | 505 sqft | AED 300KAED 300,296 · Aug 2011August 2011 | 45,000 /yr | |
| 505 | 1-bed | 955 sqft | AED 568KAED 567,607 · Mar 2012March 2012 | 87,000 /yr | |
| 506 | 1-bed | 825 sqft | AED 578KAED 578,044 · Mar 2012March 2012 | ||
| 507 | 1-bed | 1,432 sqft | AED 1.05MAED 1,050,000 · Feb 2023February 2023 | 60,000 /yr | |
| 508 | 1-bed | 1,432 sqft | AED 1.58MAED 1,580,000 · Jul 2025July 2025 | 104,790 /yr | |
| 510 | 1-bed | 980 sqft | AED 1MAED 1,000,000 · Nov 2016November 2016 | 80,000 /yr | |
| 511 | Studio | 505 sqft | AED 650KAED 650,000 · Sep 2016September 2016 | 69,000 /yr | |
| 512 | 1-bed | 819 sqft | AED 471KAED 470,501 · Jul 2013July 2013 | 90,000 /yr | |
| 513 | 1-bed | 675 sqft | AED 650KAED 650,000 · Apr 2013April 2013 | 54,000 /yr |
509, Concorde Tower in numbers
- Sold 3 times: first on 21 February 2011 for AED 1,118,100, last on 24 August 2023 for AED 820,000 (AED 844 per sqft).
- Rented since April 2015 on 8 Ejari contracts. The rent fell from AED 90,000 to AED 54,000 in 2021 and recovered to AED 85,000 by August 2024.
- At AED 85,000 a year the gross yield on the 2023 price is 10.4%, before a service charge of about AED 19,300 a year (AED 19.92 per sqft).
- One-beds in Concorde Tower sold for AED 800,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,224 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 5 August 2024.
Questions about 509, Concorde Tower
What did unit 509 last sell for?
AED 820,000 on 24 August 2023: AED 844 per sqft for 971 sqft. The unit has 3 registered sales; the first was AED 1,118,100 in February 2011.
What is the rent for unit 509?
AED 85,000 a year on the contract signed on 5 August 2024. The previous contract, from July 2023, was AED 59,850; the unit has been rented since April 2015.
How big is unit 509?
971 sqft (90.2 sqm): a one-bedroom apartment on the 5th floor of a 43-storey tower completed in 2008.
What is unit 509 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Concorde Tower sold for AED 800,000 to 1,500,000 in the last 12 months, around AED 1,224 per sqft.
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Mortgage on 509, Concorde Tower
Starts from the last sale price (AED 820K, 24 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 820,000
- Deposit, UAE resident (20%)
- AED 164,000
- Deposit, non-resident (40%)
- AED 328,000
- Monthly over 25 years at 3.7%
- AED 3,355
Plus AED 39,450 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →