505, Warda 1
Sold prices and rental history: sold once, by the developer in November 2020, 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 505, Warda 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 20 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,224 sqft
- Floor
- 5th of 19
- Parking
- P-425
- Developer
- Nshmi Development
- Completed
- 2019
- Service charge
- AED 19,000 /yr
- Last sold
- AED 921K · November 2020
- Building
- Warda 1
About 505, Warda 1
505 is a two-bedroom apartment of 1,224 sqft on the 5th floor of Warda 1, a 19-storey tower in Town Square completed in 2019 by Nshmi Development. The developer sold it on 30 November 2020 for AED 920,888, or AED 752 per sqft, 6% below the AED 803 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 20 April 2025, is AED 75,000 a year: a gross yield of 8.1% on the 2020 price, before the service charge of about AED 19,000 a year.
Sales and rents for 505 over time
505 has sold once; 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 Warda 1, and where 505 sits
All 98 2-beds →505 last sold in November 2020 at AED 752 per sqft, 6% below what two-beds in Warda 1 were fetching at the time (AED 803). Over the last 12 months two-beds sold for AED 1,250,000 to 1,380,000, around AED 1,393 per sqft, and rent for AED 67,760 to 145,608 a year. 505's AED 75,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Jan 202615 January 2026 | 941 sqft | 1,320,000 | 1,402 | ||
| 7 Jan 20267 January 2026 | 939 sqft | 1,300,000 | 1,384 | ||
| 28 Apr 202528 April 2025 | 939 sqft | 1,350,000 | 1,437 | ||
| 18 Feb 202518 February 2025 | 1,186 sqft | 1,500,000 | 1,264 |
Warda 1
Building153 apartments, 1-bed to 3-bed over 19 floors in Town Square, completed in 2019 by Nshmi Development. 6 sold in the last 12 months.
- Typical price per sqft
- AED 1,357
- Typical sale
- AED 1.31M
- Typical rent
- AED 95K /yr
- Typical yield
- 6.5%
Other units on the 5th floor
All 153 units in Warda 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,956 sqft | AED 1.99MAED 1,986,888 · Jul 2016July 2016 | 140,000 /yr | |
| 502 | 2-bed | 995 sqft | AED 940KAED 940,000 · Nov 2023November 2023 | 58,146 /yr | |
| 503 | 2-bed | 938 sqft | AED 1.1MAED 1,095,888 · Mar 2016March 2016 | ||
| 504 | 3-bed | 1,950 sqft | AED 1.56MAED 1,560,888 · Dec 2020December 2020 | ||
| 506 | 2-bed | 983 sqft | AED 930KAED 930,000 · Apr 2024April 2024 | 58,564 /yr | |
| 507 | 2-bed | 941 sqft | AED 816KAED 815,888 · Mar 2016March 2016 | 65,000 /yr | |
| 508 | 2-bed | 1,225 sqft | AED 965KAED 965,000 · Feb 2024February 2024 | 125,000 /yr |
505, Warda 1 in numbers
- Sold once: by Nshmi Development on 30 November 2020 for AED 920,888, or AED 752 per sqft.
- Rented since March 2021 on 5 Ejari contracts, from AED 50,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2020 price is 8.1%, before a service charge of about AED 19,000 a year (AED 15.52 per sqft).
- Two-beds in Warda 1 sold for AED 1,250,000–1,380,000 in the 12 months to November 2026; the building's median across all types is AED 1,357 per sqft.
Source: Dubai Land Department. Updated 20 April 2025.
Questions about 505, Warda 1
What did unit 505 last sell for?
AED 920,888 on 30 November 2020, sold by the developer: AED 752 per sqft for 1,224 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 75,000 a year on the contract renewed on 20 April 2025. The previous contract, from April 2024, was AED 75,000; the unit has been rented since March 2021.
How big is unit 505?
1,224 sqft (113.7 sqm): a two-bedroom apartment on the 5th floor of a 19-storey tower completed in 2019.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Warda 1 sold for AED 1,250,000 to 1,380,000 in the last 12 months, around AED 1,393 per sqft.
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Mortgage on 505, Warda 1
Starts from the last sale price (AED 921K, 30 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 920,888
- Deposit, UAE resident (20%)
- AED 184,178
- Deposit, non-resident (40%)
- AED 368,355
- Monthly over 25 years at 3.7%
- AED 3,768
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →