2-bed · 1,415 sqftGolf Towers 1, The Views · 15th floor · completed 2007

1501, Golf Towers 1

Sold prices and rental history: sold twice, last in April 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 1.2M20 April 2014
Current rentAED 165K /yr15 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1501, Golf Towers 1

What is 1501 worth today?

Last sold for AED 1,200,000 in 2014

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15 Aug 2024RentedRenewal
AED 165,000/yr24 months · AED 117 per sqft
15 Aug 2023RentedRenewal
AED 104,000/yr12 months · AED 74 per sqft
15 Aug 2022RentedRenewal
AED 99,000/yr12 months · AED 70 per sqft
15 Aug 2021RentedNew contract
AED 90,000/yr12 months · AED 64 per sqft
1 Sep 2020RentedNew contract
AED 80,000/yr12 months · AED 57 per sqft
10 Aug 2018RentedNew contract
AED 120,000/yr12 months · AED 85 per sqft
5 Oct 2017RentedRenewal
AED 138,000/yr12 months · AED 98 per sqft
5 Oct 2016RentedNew contract
AED 138,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
2-bed apartment
Size
1,415 sqft
Floor
15th of 25
Parking
F 395
Developer
Emaar
Completed
2007
Service charge
AED 24,200 /yr
Last sold
AED 1.2M · April 2014

About 1501, Golf Towers 1

1501 is a two-bedroom apartment of 1,415 sqft on the 15th floor of Golf Towers 1, a 25-storey tower in The Views completed in 2007 by Emaar. It last sold on 20 April 2014 for AED 1,200,000, or AED 848 per sqft, 39% below the AED 1,379 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 15 August 2024, is AED 165,000 a year: a gross yield of 13.8% on the 2014 price, before the service charge of about AED 24,200 a year.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical two-bed in Golf Towers 1
1M2M2008201320182023Typical sale price by year: 2008 AED 1,009,888; 2009 AED 1,099,888; 2010 AED 1,150,000; 2011 AED 1,200,000; 2012 AED 1,350,000; 2013 AED 1,750,000; 2014 AED 2,100,000; 2015 AED 2,200,000; 2016 AED 1,900,000; 2017 AED 1,950,000; 2018 AED 1,492,500; 2019 AED 1,300,000; 2021 AED 1,560,000; 2022 AED 2,100,173; 2023 AED 1,950,000; 2024 AED 2,500,000Sold by developer, July 2010: AED 1,045,888 (AED 739 per sqft)Sold, April 2014: AED 1,200,000 (AED 848 per sqft)

1501 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1501, each contractTypical two-bed in Golf Towers 1
100K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 134,000; 2014 AED 148,070; 2015 AED 150,000; 2016 AED 142,500; 2017 AED 135,000; 2018 AED 125,000; 2019 AED 110,000; 2020 AED 93,000; 2021 AED 98,000; 2022 AED 110,250; 2023 AED 133,500; 2024 AED 146,000; 2025 AED 155,000; 2026 AED 149,199New contract, October 2016: AED 138,000 a yearRenewal, October 2017: AED 138,000 a yearNew contract, August 2018: AED 120,000 a yearNew contract, September 2020: AED 80,000 a yearNew contract, August 2021: AED 90,000 a yearRenewal, August 2022: AED 99,000 a yearRenewal, August 2023: AED 104,000 a yearRenewal, August 2024: AED 165,000 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 Golf Towers 1, and where 1501 sits

All 90 2-beds →

1501 last sold in April 2014 at AED 848 per sqft, 39% below what two-beds in Golf Towers 1 were fetching at the time (AED 1,379). Over the last 12 months two-beds sold for AED 2,950,000 to 3,600,000, around AED 2,140 per sqft, and rent for AED 126,500 to 180,000 a year. 1501's AED 165,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Jan 20262,950,000
13 Mar 20252,350,000
17 Oct 20243,150,000
10 Oct 20242,225,000
2 2-bed sales in the last 12 months

Golf Towers 1

Building

150 apartments, 1-bed to 3-bed over 25 floors in The Views, completed in 2007 by Emaar. 2 sold in the last 12 months.

Typical price per sqft
AED 2,140
Typical sale
AED 3.28M
Typical rent
AED 150K /yr
Typical yield
5.3%
Golf Towers 1, The Views: prices, sales and rents →

Other units on the 15th floor

All 150 units in Golf Towers 1
Value
15022-bedAED 2.2M · Dec 2021
15033-bedAED 1.2M · Mar 2019
15042-bedAED 1.01M · Mar 2010
15052-bedAED 1.15M · Aug 2010
15061-bedAED 1.25M · Aug 2018

1501, Golf Towers 1 in numbers

  • Sold twice: first on 22 July 2010 for AED 1,045,888, last on 20 April 2014 for AED 1,200,000 (AED 848 per sqft).
  • Rented since October 2016 on 8 Ejari contracts. The rent fell from AED 138,000 to AED 80,000 in 2020 and recovered to AED 165,000 by August 2024.
  • At AED 165,000 a year the gross yield on the 2014 price is 13.8%, before a service charge of about AED 24,200 a year (AED 17.07 per sqft).
  • Two-beds in Golf Towers 1 sold for AED 2,950,000–3,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,140 per sqft.

Source: Dubai Land Department. Updated 15 August 2024.

Questions about 1501, Golf Towers 1

What did unit 1501 last sell for?

AED 1,200,000 on 20 April 2014: AED 848 per sqft for 1,415 sqft. The unit has 2 registered sales; the first was AED 1,045,888 in July 2010.

What is the rent for unit 1501?

AED 165,000 a year on the contract renewed on 15 August 2024. The previous contract, from August 2023, was AED 104,000; the unit has been rented since October 2016.

How big is unit 1501?

1,415 sqft (131.5 sqm): a two-bedroom apartment on the 15th floor of a 25-storey tower completed in 2007.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Golf Towers 1 sold for AED 2,950,000 to 3,600,000 in the last 12 months, around AED 2,140 per sqft.

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Mortgage on 1501, Golf Towers 1

Starts from the last sale price (AED 1.2M, 20 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →