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1-bed · 780 sqftPier Point 1, Al Mina · 5th floor

505, Pier Point 1

Sold prices and rental history: sold once, by the developer in December 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 16 December 2024
Last soldAED 1.97M16 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Pier Point 1

What is 505 worth today?

Last sold for AED 1,973,888 in 2024

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16 Dec 2024Sold by developerOff-plan
AED 1,973,888AED 2,531 per sqft

Source: Dubai Land Department. Updated 16 December 2024.

Key facts

Type
1-bed apartment
Size
780 sqft
Floor
5th of 9
Parking
1
Last sold
AED 1.97M · December 2024
Building
Pier Point 1

About 505, Pier Point 1

505 is a one-bedroom apartment of 780 sqft on the 5th floor of Pier Point 1, a 9-storey tower in Al Mina. The developer sold it on 16 December 2024 for AED 1,973,888, or AED 2,531 per sqft, 6% below the AED 2,691 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical one-bed in Pier Point 1
2M2.2M202420252026Typical sale price by year: 2024 AED 2,157,888; 2025 AED 2,200,000Sold by developer, December 2024: AED 1,973,888 (AED 2,531 per sqft)

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

1-beds in Pier Point 1, and where 505 sits

All 57 1-beds →

505 last sold in December 2024 at AED 2,531 per sqft, 6% below what one-beds in Pier Point 1 were fetching at the time (AED 2,691).

Recent 1-bed salesUnit no.Price (AED)Summary
14 Jan 20251,945,888
10 Jan 20252,200,000
9 Jan 20252,404,888
16 Dec 20242,119,888
0 1-bed sales in the last 12 months

Pier Point 1

Building

113 apartments, 1-bed to 3-bed over 9 floors in Al Mina. 1 sold in the last 12 months.

Typical price per sqft
AED 2,275
Typical sale
AED 2.92M
Typical rent
Few contracts
Typical yield
Pier Point 1, Al Mina: prices, sales and rents →

Other units on the 5th floor

All 113 units in Pier Point 1
Value
5011-bedAED 2.76M · Nov 2024
5022-bedAED 4.16M · Nov 2024
5033-bedAED 5.49M · Nov 2024
5042-bedAED 2.94M · Nov 2024
5061-bedAED 1.95M · Oct 2024
5072-bedAED 2.92M · May 2026
5082-bedAED 3.07M · Oct 2024
1–7 of 13

505, Pier Point 1 in numbers

  • Sold once: by the developer on 16 December 2024 for AED 1,973,888, or AED 2,531 per sqft.

Source: Dubai Land Department. Updated 16 December 2024.

Questions about 505, Pier Point 1

What did unit 505 last sell for?

AED 1,973,888 on 16 December 2024, sold by the developer: AED 2,531 per sqft for 780 sqft. It is the only registered sale of the unit.

How big is unit 505?

780 sqft (72.5 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower.

What is unit 505 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 505, Pier Point 1

Starts from the last sale price (AED 1.97M, 16 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,973,888
Deposit, UAE resident (20%)
AED 394,778
Deposit, non-resident (40%)
AED 789,555
Monthly over 25 years at 3.7%
AED 8,076

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →