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1-bed · 774 sqftPier Point 1, Al Mina · 5th floor

506, Pier Point 1

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

Unit 506 · DLD and Ejari recordsUpdated 18 October 2024
Last soldAED 1.95M18 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Pier Point 1

What is 506 worth today?

Last sold for AED 1,952,888 in 2024

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18 Oct 2024Sold by developerOff-plan
AED 1,952,888AED 2,524 per sqft

Source: Dubai Land Department. Updated 18 October 2024.

Key facts

Type
1-bed apartment
Size
774 sqft
Floor
5th of 9
Parking
1
Last sold
AED 1.95M · October 2024
Building
Pier Point 1

About 506, Pier Point 1

506 is a one-bedroom apartment of 774 sqft on the 5th floor of Pier Point 1, a 9-storey tower in Al Mina. The developer sold it on 18 October 2024 for AED 1,952,888, or AED 2,524 per sqft, 5% below the AED 2,652 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 506 over time

Sales
Unit 506, 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, October 2024: AED 1,952,888 (AED 2,524 per sqft)

506 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 506 sits

All 57 1-beds →

506 last sold in October 2024 at AED 2,524 per sqft, 5% below what one-beds in Pier Point 1 were fetching at the time (AED 2,652).

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 20241,973,888
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
5051-bedAED 1.97M · Dec 2024
5072-bedAED 2.92M · May 2026
5082-bedAED 3.07M · Oct 2024
1–7 of 13

506, Pier Point 1 in numbers

  • Sold once: by the developer on 18 October 2024 for AED 1,952,888, or AED 2,524 per sqft.

Source: Dubai Land Department. Updated 18 October 2024.

Questions about 506, Pier Point 1

What did unit 506 last sell for?

AED 1,952,888 on 18 October 2024, sold by the developer: AED 2,524 per sqft for 774 sqft. It is the only registered sale of the unit.

How big is unit 506?

774 sqft (71.9 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower.

What is unit 506 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 506, Pier Point 1

Starts from the last sale price (AED 1.95M, 18 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,952,888
Deposit, UAE resident (20%)
AED 390,578
Deposit, non-resident (40%)
AED 781,155
Monthly over 25 years at 3.7%
AED 7,990

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