516, Divine Residences
Sold prices and rental history: sold once, by the developer in May 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Divine Residences
What is 516 worth today?
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Source: Dubai Land Department. Updated 15 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 466 sqft
- Floor
- 5th of 6
- Parking
- G-67
- Developer
- Takmeel Real Estate Development
- Completed
- 2021
- Last sold
- AED 417K · May 2022
- Building
- Divine Residences
About 516, Divine Residences
516 is a studio of 466 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 11 May 2022 for AED 417,000, or AED 894 per sqft, in line with the AED 895 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 15 October 2026, is AED 45,000 a year: a gross yield of 10.8% on the 2022 price.
Sales and rents for 516 over time
516 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Divine Residences, and where 516 sits
All 92 studios →516 last sold in May 2022 at AED 894 per sqft, in line with what studios in Divine Residences were fetching at the time (AED 895). Over the last 12 months studios sold for AED 580,000 to 625,000, around AED 1,322 per sqft, and rent for AED 36,000 to 60,000 a year. 516's AED 45,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Jun 202622 June 2026 | 464 sqft | 620,000 | 1,335 | ||
| 17 Feb 202617 February 2026 | 465 sqft | 620,000 | 1,333 | ||
| 19 Jan 202619 January 2026 | 464 sqft | 580,000 | 1,250 | ||
| 19 Jan 202619 January 2026 | 473 sqft | 625,000 | 1,322 |
Divine Residences
Building169 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%
Other units on the 5th floor
All 169 units in Divine Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 798 sqft | AED 670KAED 670,000 · Feb 2022February 2022 | ||
| 502 | 1-bed | 710 sqft | AED 1.07MAED 1,065,000 · Mar 2026March 2026 | 80,000 /yr | |
| 503 | 1-bed | 1,077 sqft | AED 547KAED 547,000 · Jan 2022January 2022 | 68,000 /yr | |
| 504 | 1-bed | 1,093 sqft | AED 800KAED 800,000 · Jun 2023June 2023 | 80,000 /yr | |
| 505 | 2-bed | 1,061 sqft | AED 876KAED 876,000 · Jul 2022July 2022 | 75,000 /yr | |
| 506 | 2-bed | 1,168 sqft | AED 1.62MAED 1,620,000 · Apr 2026April 2026 | 95,000 /yr | |
| 507 | 1-bed | 867 sqft | AED 721KAED 721,000 · Aug 2022August 2022 | ||
| 508 | Studio | 466 sqft | AED 443KAED 442,530 · Dec 2021December 2021 | 55,000 /yr | |
| 509 | Studio | 465 sqft | AED 415KAED 415,000 · May 2022May 2022 | 50,000 /yr | |
| 510 | Studio | 466 sqft | AED 419KAED 419,440 · Jun 2022June 2022 | 49,000 /yr | |
| 511 | Studio | 465 sqft | AED 419KAED 419,440 · Oct 2022October 2022 | 45,000 /yr | |
| 512 | Studio | 465 sqft | AED 419KAED 419,440 · Oct 2022October 2022 | 42,000 /yr | |
| 513 | Studio | 473 sqft | AED 445KAED 445,000 · Sep 2022September 2022 | ||
| 514 | Studio | 453 sqft | AED 545KAED 545,000 · Nov 2023November 2023 | 60,000 /yr | |
| 515 | Studio | 465 sqft | AED 600KAED 600,000 · Mar 2025March 2025 | 40,000 /yr | |
| 517 | Studio | 465 sqft | AED 410KAED 410,000 · Apr 2022April 2022 | 47,000 /yr | |
| 518 | Studio | 466 sqft | AED 425KAED 425,000 · Apr 2022April 2022 | 34,100 /yr | |
| 519 | Studio | 465 sqft | AED 419KAED 419,440 · May 2022May 2022 | 31,000 /yr | |
| 520 | Studio | 466 sqft | AED 419KAED 419,440 · May 2022May 2022 | 48,000 /yr | |
| 521 | Studio | 465 sqft | AED 419KAED 419,440 · May 2022May 2022 | 30,000 /yr | |
| 522 | Studio | 466 sqft | AED 428KAED 428,000 · Mar 2022March 2022 | ||
| 523 | Studio | 464 sqft | AED 620KAED 620,000 · Jun 2026June 2026 | 55,000 /yr | |
| 524 | 1-bed | 1,013 sqft | AED 1.05MAED 1,050,000 · Sep 2025September 2025 | ||
| 525 | 1-bed | 952 sqft | AED 812KAED 812,000 · Mar 2022March 2022 | 100,000 /yr | |
| 526 | 2-bed | 1,417 sqft | AED 1.13MAED 1,130,500 · Feb 2022February 2022 | 75,000 /yr | |
| 527 | 2-bed | 1,360 sqft | AED 1.1MAED 1,102,000 · Feb 2022February 2022 | ||
| 528 | 2-bed | 1,260 sqft | AED 844KAED 844,053 · Nov 2023November 2023 | 75,000 /yr |
516, Divine Residences in numbers
- Sold once: by Takmeel Real Estate Development on 11 May 2022 for AED 417,000, or AED 894 per sqft.
- Rented since June 2022 on 4 Ejari contracts, from AED 30,000 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2022 price is 10.8%.
- Studios in Divine Residences sold for AED 580,000–625,000 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 15 October 2026.
Questions about 516, Divine Residences
What did unit 516 last sell for?
AED 417,000 on 11 May 2022, sold by the developer: AED 894 per sqft for 466 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 45,000 a year on the contract renewed on 15 October 2026. The previous contract, from October 2025, was AED 45,000; the unit has been rented since June 2022.
How big is unit 516?
466 sqft (43.3 sqm): a studio on the 5th floor of a 6-storey tower completed in 2021.
What is unit 516 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Divine Residences sold for AED 580,000 to 625,000 in the last 12 months, around AED 1,322 per sqft.
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Mortgage on 516, Divine Residences
Starts from the last sale price (AED 417K, 11 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 417,000
- Deposit, UAE resident (20%)
- AED 83,400
- Deposit, non-resident (40%)
- AED 166,800
- Monthly over 25 years at 3.7%
- AED 1,706
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →