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2-bed · 1,061 sqftDivine Residences, Arjan · 5th floor · completed 2021

505, Divine Residences

Sold prices and rental history: sold once, by the developer in July 2022, and rented once, from December 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 1 December 2023
Last soldAED 876K21 July 2022
Current rentAED 75K /yr1 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Divine Residences

What is 505 worth today?

Last sold for AED 876,000 in 2022

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1 Dec 2023RentedNew contract
AED 75,000/yr12 months · AED 70 per sqft
21 Jul 2022Sold by developerReady
AED 876,000AED 825 per sqft

Source: Dubai Land Department. Updated 1 December 2023.

Key facts

Type
2-bed apartment
Size
1,061 sqft
Floor
5th of 6
Parking
G-132
Developer
Takmeel Real Estate Development
Completed
2021
Last sold
AED 876K · July 2022
Building
Divine Residences

About 505, Divine Residences

505 is a two-bedroom apartment of 1,061 sqft on the 5th floor of Divine Residences, a 6-storey tower in Arjan completed in 2021 by Takmeel Real Estate Development . The developer sold it on 21 July 2022 for AED 876,000, or AED 825 per sqft, 4% above the AED 794 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 December 2023. The current contract, signed on 1 December 2023, is AED 75,000 a year: a gross yield of 8.6% on the 2022 price.

Sales and rents for 505 over time

Rents
Unit 505, each contractTypical two-bed in Divine Residences
70K80K90K202220242026Typical rent by year: 2022 AED 71,500; 2023 AED 75,000; 2024 AED 75,000; 2025 AED 77,000; 2026 AED 89,880New contract, December 2023: AED 75,000 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 Divine Residences, and where 505 sits

All 38 2-beds →

505 last sold in July 2022 at AED 825 per sqft, 4% above what two-beds in Divine Residences were fetching at the time (AED 794). Over the last 12 months two-beds sold for AED 1,620,000, around AED 1,386 per sqft, and rent for AED 70,000 to 110,000 a year. 505's AED 75,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Apr 20261,620,000
3 Sep 20241,630,000
31 May 20241,170,000
30 Nov 2023844,053
1 2-bed sale in the last 12 months

Divine Residences

Building

169 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2021 by Takmeel Real Estate Development . 13 sold in the last 12 months.

Typical price per sqft
AED 1,322
Typical sale
AED 1.07M
Typical rent
AED 53K /yr
Typical yield
7.5%
Divine Residences, Arjan: prices, sales and rents →

Other units on the 5th floor

All 169 units in Divine Residences
Value
5011-bedAED 670K · Feb 2022
5021-bedAED 1.07M · Mar 2026
5031-bedAED 547K · Jan 2022
5041-bedAED 800K · Jun 2023
5062-bedAED 1.62M · Apr 2026
5071-bedAED 721K · Aug 2022
508StudioAED 443K · Dec 2021
1–7 of 27

505, Divine Residences in numbers

  • Sold once: by Takmeel Real Estate Development on 21 July 2022 for AED 876,000, or AED 825 per sqft.
  • Rented since December 2023 on one Ejari contract, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 8.6%.
  • Two-beds in Divine Residences sold for AED 1,620,000–1,620,000 in the 12 months to November 2026; the building's median across all types is AED 1,322 per sqft.

Source: Dubai Land Department. Updated 1 December 2023.

Questions about 505, Divine Residences

What did unit 505 last sell for?

AED 876,000 on 21 July 2022, sold by the developer: AED 825 per sqft for 1,061 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 signed on 1 December 2023.

How big is unit 505?

1,061 sqft (98.6 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2021.

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 Divine Residences sold for AED 1,620,000 to 1,620,000 in the last 12 months, around AED 1,386 per sqft.

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Mortgage on 505, Divine Residences

Starts from the last sale price (AED 876K, 21 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 876,000
Deposit, UAE resident (20%)
AED 175,200
Deposit, non-resident (40%)
AED 350,400
Monthly over 25 years at 3.7%
AED 3,584

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