516, Rawda Apartments 1
Sold prices and rental history: sold twice, last in August 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Rawda Apartments 1
What is 516 worth today?
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Source: Dubai Land Department. Updated 19 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 975 sqft
- Floor
- 5th of 14
- Parking
- B-21
- Developer
- Nshama Properties
- Completed
- 2020
- Service charge
- AED 15,900 /yr
- Last sold
- AED 513K · August 2021
- Building
- Rawda Apartments 1
About 516, Rawda Apartments 1
516 is a two-bedroom apartment of 975 sqft on the 5th floor of Rawda Apartments 1, a 14-storey tower in Town Square completed in 2020 by Nshama Properties. It last sold on 17 August 2021 for AED 512,944, or AED 1,051 per sqft, 14% below the AED 1,219 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 19 October 2024, is AED 80,000 a year: a gross yield of 15.6% on the 2021 price, before the service charge of about AED 15,900 a year.
Sales and rents for 516 over time
516 has sold twice; 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 Rawda Apartments 1, and where 516 sits
All 132 2-beds →516 last sold in August 2021 at AED 1,051 per sqft, 14% below what two-beds in Rawda Apartments 1 were fetching at the time (AED 1,219). Over the last 12 months two-beds sold for AED 1,186,111 to 1,500,000, around AED 1,382 per sqft, and rent for AED 64,680 to 107,500 a year. 516's AED 80,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Feb 202619 February 2026 | 931 sqft | 1,500,000 | 1,611 | ||
| 15 Dec 202515 December 2025 | 907 sqft | 1,225,000 | 1,350 | ||
| 8 Dec 20258 December 2025 | 1,012 sqft | 1,186,111 | 1,171 | ||
| 12 Jun 202512 June 2025 | 913 sqft | 1,275,000 | 1,396 |
Rawda Apartments 1
Building248 apartments, 1-bed to 3-bed over 14 floors in Town Square, completed in 2020 by Nshama Properties. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,413
- Typical sale
- AED 1.23M
- Typical rent
- AED 90K /yr
- Typical yield
- 6.9%
Other units on the 5th floor
All 248 units in Rawda Apartments 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,012 sqft | AED 958KAED 957,888 · Jul 2019July 2019 | 50,000 /yr | |
| 502 | 1,520 sqft | AED 2.28MAED 2,275,888 · Aug 2025August 2025 | 85,000 /yr | ||
| 503 | 3-bed | 1,451 sqft | AED 1.58MAED 1,577,888 · Sep 2021September 2021 | ||
| 504 | 2-bed | 922 sqft | AED 1.13MAED 1,130,888 · Jan 2021January 2021 | 67,200 /yr | |
| 505 | 2-bed | 896 sqft | AED 1.1MAED 1,099,888 · Mar 2021March 2021 | 105,000 /yr | |
| 506 | 2-bed | 928 sqft | AED 1.33MAED 1,325,000 · May 2025May 2025 | 80,000 /yr | |
| 507 | 2-bed | 931 sqft | AED 1.5MAED 1,500,000 · Feb 2026February 2026 | 90,000 /yr | |
| 508 | 1-bed | 614 sqft | AED 790KAED 789,888 · Oct 2020October 2020 | 60,500 /yr | |
| 509 | 1-bed | 614 sqft | AED 790KAED 789,888 · Oct 2020October 2020 | 63,000 /yr | |
| 510 | 3-bed | 1,501 sqft | AED 1.69MAED 1,693,888 · Feb 2021February 2021 | 130,000 /yr | |
| 511 | 2-bed | 911 sqft | AED 1MAED 1,001,888 · Oct 2019October 2019 | 65,000 /yr | |
| 512 | 1-bed | 679 sqft | AED 900KAED 900,000 · Jul 2025July 2025 | 70,000 /yr | |
| 513 | 2-bed | 927 sqft | AED 1.02MAED 1,015,888 · Jul 2021July 2021 | 85,000 /yr | |
| 514 | 2-bed | 907 sqft | AED 1.25MAED 1,250,000 · May 2025May 2025 | 70,000 /yr | |
| 515 | 2-bed | 969 sqft | AED 1.02MAED 1,022,888 · Oct 2019October 2019 | 69,300 /yr | |
| 517 | 1-bed | 611 sqft | AED 890KAED 890,000 · Jun 2025June 2025 | 65,000 /yr | |
| 518 | 1-bed | 611 sqft | AED 800KAED 800,000 · Aug 2024August 2024 |
516, Rawda Apartments 1 in numbers
- Sold twice: first on 21 June 2021 for AED 1,025,888, last on 17 August 2021 for AED 512,944 (AED 1,051 per sqft).
- Rented since October 2021 on 4 Ejari contracts, from AED 40,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2021 price is 15.6%, before a service charge of about AED 15,900 a year (AED 16.27 per sqft).
- Two-beds in Rawda Apartments 1 sold for AED 1,186,111–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,413 per sqft.
Source: Dubai Land Department. Updated 19 October 2024.
Questions about 516, Rawda Apartments 1
What did unit 516 last sell for?
AED 512,944 on 17 August 2021: AED 1,051 per sqft for 975 sqft. The unit has 2 registered sales; the first was AED 1,025,888 in June 2021.
What is the rent for unit 516?
AED 80,000 a year on the contract signed on 19 October 2024. The previous contract, from October 2023, was AED 65,000; the unit has been rented since October 2021.
How big is unit 516?
975 sqft (90.6 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2020.
What is unit 516 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rawda Apartments 1 sold for AED 1,186,111 to 1,500,000 in the last 12 months, around AED 1,382 per sqft.
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Mortgage on 516, Rawda Apartments 1
Starts from the last sale price (AED 513K, 17 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 512,944
- Deposit, UAE resident (20%)
- AED 102,589
- Deposit, non-resident (40%)
- AED 205,178
- Monthly over 25 years at 3.7%
- AED 2,099
Plus AED 26,554 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →