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2-bed · 1,287 sqftBurj View Residence, Arjan · 5th floor · completed 2016

506, Burj View Residence

Sold prices and rental history: sold twice, last in September 2024, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 11 September 2024
Last soldAED 1.57M11 September 2024
Current rentAED 79K /yr10 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Burj View Residence

What is 506 worth today?

Last sold for AED 1,572,000 in 2024

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11 Sep 2024SoldReady
AED 1,572,000AED 1,221 per sqft
17 May 2024Sold by developerReady
AED 946,187AED 735 per sqft
10 Jul 2018RentedNew contract
AED 79,000/yr12 months · AED 61 per sqft
2 Apr 2017RentedNew contract
AED 87,500/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 11 September 2024.

Key facts

Type
2-bed apartment
Size
1,287 sqft
Floor
5th of 6
Parking
G-36
Developer
Al Madar Investment
Completed
2016
Service charge
AED 15,400 /yr
Last sold
AED 1.57M · September 2024
Building
Burj View Residence

About 506, Burj View Residence

506 is a two-bedroom apartment of 1,287 sqft on the 5th floor of Burj View Residence, a 6-storey tower in Arjan completed in 2016 by Al Madar Investment. It last sold on 11 September 2024 for AED 1,572,000, or AED 1,221 per sqft, 66% above the AED 737 two-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 10 July 2018, is AED 79,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 15,400 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical two-bed in Burj View Residence
1M1.5M20232024202520262027Typical sale price by year: 2023 AED 966,312; 2024 AED 1,014,994; 2025 AED 1,586,750; 2026 AED 1,475,000Sold by developer, May 2024: AED 946,187 (AED 735 per sqft)Sold, September 2024: AED 1,572,000 (AED 1,221 per sqft)

506 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 506, each contractTypical two-bed in Burj View Residence
50K100K2017202020232026Typical rent by year: 2017 AED 85,000; 2018 AED 77,000; 2019 AED 65,500; 2020 AED 58,737; 2021 AED 54,000; 2022 AED 59,400; 2023 AED 62,370; 2024 AED 70,693; 2025 AED 115,000; 2026 AED 110,000New contract, April 2017: AED 87,500 a yearNew contract, July 2018: AED 79,000 a year

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

2-beds in Burj View Residence, and where 506 sits

All 36 2-beds →

506 last sold in September 2024 at AED 1,221 per sqft, 66% above what two-beds in Burj View Residence were fetching at the time (AED 737). Over the last 12 months two-beds sold for AED 500,000 to 1,650,000, around AED 1,105 per sqft, and rent for AED 87,807 to 140,000 a year. 506's AED 79,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20261,400,000
12 Aug 20261,550,000
22 Jul 2026500,000
12 Feb 20261,650,000
6 2-bed sales in the last 12 months

Burj View Residence

Building

119 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2016 by Al Madar Investment. 15 sold in the last 12 months.

Typical price per sqft
AED 1,183 Down 11.3%
Typical sale
AED 640K
Typical rent
AED 65K /yr
Typical yield
7.9%
Burj View Residence, Arjan: prices, sales and rents →

Other units on the 5th floor

All 119 units in Burj View Residence
Value
5012-bedAED 1.59M · Apr 2025
5022-bedAED 1.63M · Nov 2025
5031-bedAED 1.07M · Oct 2024
5041-bedAED 776K · May 2024
5051-bedAED 1.15M · Jan 2025
5072-bedAED 1.5M · Jun 2025
5081-bedAED 644K · May 2024
1–7 of 19

506, Burj View Residence in numbers

  • Sold twice: first on 17 May 2024 for AED 946,187, last on 11 September 2024 for AED 1,572,000 (AED 1,221 per sqft).
  • Rented since April 2017 on 2 Ejari contracts, from AED 87,500 to AED 79,000 a year.
  • At AED 79,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 15,400 a year (AED 12.00 per sqft).
  • Two-beds in Burj View Residence sold for AED 500,000–1,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,183 per sqft.

Source: Dubai Land Department. Updated 11 September 2024.

Questions about 506, Burj View Residence

What did unit 506 last sell for?

AED 1,572,000 on 11 September 2024: AED 1,221 per sqft for 1,287 sqft. The unit has 2 registered sales; the first was AED 946,187 in May 2024.

What is the rent for unit 506?

AED 79,000 a year on the contract signed on 10 July 2018. The previous contract, from April 2017, was AED 87,500.

How big is unit 506?

1,287 sqft (119.6 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2016.

What is unit 506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Burj View Residence sold for AED 500,000 to 1,650,000 in the last 12 months, around AED 1,105 per sqft.

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Mortgage on 506, Burj View Residence

Starts from the last sale price (AED 1.57M, 11 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,572,000
Deposit, UAE resident (20%)
AED 314,400
Deposit, non-resident (40%)
AED 628,800
Monthly over 25 years at 3.7%
AED 6,432

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