2-bed · 1,904 sqftThe Onyx Tower 2, The Greens · 15th floor · completed 2015

1506, The Onyx Tower 2

Sold prices and rental history: sold twice, last in December 2023, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 2.95M11 December 2023
Current rentAED 225K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1506, The Onyx Tower 2

What is 1506 worth today?

Last sold for AED 2,950,000 in 2023

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1 Oct 2024RentedNew contract
AED 225,000/yr12 months · AED 118 per sqft
11 Dec 2023SoldReady
AED 2,950,000AED 1,549 per sqft
27 Sep 2016Sold by developerOff-plan
AED 2,705,002AED 1,420 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
2-bed apartment
Size
1,904 sqft
Floor
15th of 24
Parking
B2-239
Developer
The Onyx for Development
Completed
2015
Last sold
AED 2.95M · December 2023

About 1506, The Onyx Tower 2

1506 is a two-bedroom apartment of 1,904 sqft on the 15th floor of The Onyx Tower 2, a 24-storey tower in The Greens completed in 2015 by The Onyx for Development. It last sold on 11 December 2023 for AED 2,950,000, or AED 1,549 per sqft, 5% above the AED 1,480 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2024. The current contract, signed on 1 October 2024, is AED 225,000 a year: a gross yield of 7.6% on the 2023 price.

Sales and rents for 1506 over time

Sales
Unit 1506, each saleTypical two-bed in The Onyx Tower 2
2M3M2015201820212024Typical sale price by year: 2015 AED 2,439,070; 2016 AED 2,269,472; 2017 AED 2,499,476; 2018 AED 2,250,000; 2019 AED 2,110,000; 2021 AED 1,790,000; 2022 AED 1,856,420; 2023 AED 2,430,000; 2024 AED 2,900,000Sold by developer, September 2016: AED 2,705,002 (AED 1,420 per sqft)Sold, December 2023: AED 2,950,000 (AED 1,549 per sqft)

1506 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1506, each contractTypical two-bed in The Onyx Tower 2
100K150K200K2017202020232026Typical rent by year: 2017 AED 160,000; 2018 AED 155,000; 2019 AED 145,000; 2020 AED 128,000; 2021 AED 115,193; 2022 AED 135,000; 2023 AED 150,000; 2024 AED 175,000; 2025 AED 185,000; 2026 AED 200,000New contract, October 2024: AED 225,000 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 The Onyx Tower 2, and where 1506 sits

All 77 2-beds →

1506 last sold in December 2023 at AED 1,549 per sqft, 5% above what two-beds in The Onyx Tower 2 were fetching at the time (AED 1,480). 1506's AED 225,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Mar 20252,700,000
14 Nov 20242,900,000
29 Oct 20242,970,000
27 Aug 20243,000,000
0 2-bed sales in the last 12 months

The Onyx Tower 2

Building

167 apartments, 1-bed to 3-bed over 24 floors in The Greens, completed in 2015 by The Onyx for Development. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 184K /yr
Typical yield
The Onyx Tower 2, The Greens: prices, sales and rents →

Other units on the 15th floor

All 167 units in The Onyx Tower 2
Value
15011-bedAED 1.54M · Nov 2017
15021-bedAED 1.6M · Nov 2017
15031-bedAED 1.7M · May 2017
15041-bedAED 1.09M · Oct 2019
15052-bedAED 2.2M · Mar 2017
15071-bedAED 1.61M · Feb 2016
15082-bedAED 1.86M · Feb 2022
1–7 of 12

1506, The Onyx Tower 2 in numbers

  • Sold twice: first on 27 September 2016 for AED 2,705,002, last on 11 December 2023 for AED 2,950,000 (AED 1,549 per sqft).
  • Rented since October 2024 on one Ejari contract, at AED 225,000 a year.
  • At AED 225,000 a year the gross yield on the 2023 price is 7.6%.

Source: Dubai Land Department. Updated 1 October 2024.

Questions about 1506, The Onyx Tower 2

What did unit 1506 last sell for?

AED 2,950,000 on 11 December 2023: AED 1,549 per sqft for 1,904 sqft. The unit has 2 registered sales; the first was AED 2,705,002 in September 2016.

What is the rent for unit 1506?

AED 225,000 a year on the contract signed on 1 October 2024.

How big is unit 1506?

1,904 sqft (176.9 sqm): a two-bedroom apartment on the 15th floor of a 24-storey tower completed in 2015.

What is unit 1506 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 1506, The Onyx Tower 2

Starts from the last sale price (AED 2.95M, 11 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

Plus AED 128,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →