1-bed · 969 sqftWorld Trade Centre Residence, Trade Center Second · 5th floor · completed 2008

508, World Trade Centre Residence

Sold prices and rental history: sold once, by the developer in March 2013, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 7 November 2019
Last soldAED 1.42M7 March 2013
Current rentAED 84K /yr7 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, World Trade Centre Residence

What is 508 worth today?

Last sold for AED 1,420,000 in 2013

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7 Nov 2019RentedNew contract
AED 84,000/yr12 months · AED 87 per sqft
28 Aug 2014RentedNew contract
AED 89,250/yr12 months · AED 92 per sqft
28 Aug 2013RentedNew contract
AED 89,250/yr12 months · AED 92 per sqft
7 Mar 2013Sold by developerReady
AED 1,420,000AED 1,465 per sqft

Source: Dubai Land Department. Updated 7 November 2019.

Key facts

Type
1-bed apartment
Size
969 sqft
Floor
5th of 39
Parking
B2-087
Developer
Jumeirah Group
Completed
2008
Service charge
AED 32,900 /yr
Last sold
AED 1.42M · March 2013

About 508, World Trade Centre Residence

508 is a one-bedroom apartment of 969 sqft on the 5th floor of World Trade Centre Residence, a 39-storey tower in Trade Center Second completed in 2008 by Jumeirah Group. The developer sold it on 7 March 2013 for AED 1,420,000, or AED 1,465 per sqft, 14% above the AED 1,287 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 7 November 2019, is AED 84,000 a year: a gross yield of 5.9% on the 2013 price, before the service charge of about AED 32,900 a year.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical one-bed in World Trade Centre Residence
1M2M2008201320182023Typical sale price by year: 2008 AED 2,294,000; 2009 AED 1,520,000; 2013 AED 1,495,000; 2017 AED 1,560,000; 2019 AED 1,050,000; 2023 AED 1,161,000; 2024 AED 1,800,000Sold by developer, March 2013: AED 1,420,000 (AED 1,465 per sqft)

508 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 508, each contractTypical one-bed in World Trade Centre Residence
75K100K125K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 106,000; 2014 AED 120,000; 2015 AED 130,000; 2016 AED 126,250; 2017 AED 110,000; 2018 AED 107,500; 2019 AED 110,333; 2020 AED 95,000; 2021 AED 80,000; 2022 AED 80,000; 2023 AED 97,500; 2024 AED 117,500; 2025 AED 120,000; 2026 AED 115,000New contract, August 2013: AED 89,250 a yearNew contract, August 2014: AED 89,250 a yearNew contract, November 2019: AED 84,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in World Trade Centre Residence, and where 508 sits

All 27 1-beds →

508 last sold in March 2013 at AED 1,465 per sqft, 14% above what one-beds in World Trade Centre Residence were fetching at the time (AED 1,287). 508's AED 84,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Jun 20252,050,000
15 Jan 20251,425,000
12 Dec 20242,928,000
21 Oct 20241,800,000
0 1-bed sales in the last 12 months

World Trade Centre Residence

Building

364 apartments, 1-bed to 5-bed over 39 floors in Trade Center Second, completed in 2008 by Jumeirah Group. 13 sold in the last 12 months.

Typical price per sqft
AED 1,520 Up 3.5%
Typical sale
AED 3.2M
Typical rent
AED 170K /yr
Typical yield
6.7%
World Trade Centre Residence, Trade Center Second: prices, sales and rents →
Value
5014-bedAED 2M · Jan 2018
502AED 4.9M · Nov 2025
5034-bedAED 4.11M · Dec 2008
5044-bedAED 3.5M · Jun 2012
5054-bedAED 3.87M · Dec 2008
5062-bedAED 4.02M · Feb 2009
5074-bedAED 6.79M · Dec 2008
1–7 of 20

508, World Trade Centre Residence in numbers

  • Sold once: by Jumeirah Group on 7 March 2013 for AED 1,420,000, or AED 1,465 per sqft.
  • Rented since August 2013 on 3 Ejari contracts, from AED 89,250 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2013 price is 5.9%, before a service charge of about AED 32,900 a year (AED 33.98 per sqft).

Source: Dubai Land Department. Updated 7 November 2019.

Questions about 508, World Trade Centre Residence

What did unit 508 last sell for?

AED 1,420,000 on 7 March 2013, sold by the developer: AED 1,465 per sqft for 969 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 84,000 a year on the contract signed on 7 November 2019. The previous contract, from August 2014, was AED 89,250; the unit has been rented since August 2013.

How big is unit 508?

969 sqft (90.0 sqm): a one-bedroom apartment on the 5th floor of a 39-storey tower completed in 2008.

What is unit 508 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 508, World Trade Centre Residence

Starts from the last sale price (AED 1.42M, 7 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,420,000
Deposit, UAE resident (20%)
AED 284,000
Deposit, non-resident (40%)
AED 568,000
Monthly over 25 years at 3.7%
AED 5,810

Plus AED 64,650 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →