516, Floarea Residence
Sold prices and rental history: sold once, by the developer in October 2025, and rented once, from November 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Floarea Residence
What is 516 worth today?
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Source: Dubai Land Department. Updated 3 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 411 sqft
- Floor
- 5th of 9
- Parking
- B-22
- Developer
- Mashriq Elite Real Estate Development
- Last sold
- AED 675K · October 2025
- Building
- Floarea Residence
About 516, Floarea Residence
516 is a studio of 411 sqft on the 5th floor of Floarea Residence, a 9-storey tower in Arjan by Mashriq Elite Real Estate Development . The developer sold it on 20 October 2025 for AED 675,000, or AED 1,642 per sqft, 4% above the AED 1,585 studios in the building were fetching at the time.
One Ejari contract is registered, from 3 November 2025. The current contract, signed on 3 November 2025, is AED 55,000 a year: a gross yield of 8.2% on the 2025 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 Floarea Residence, and where 516 sits
All 40 studios →516 last sold in October 2025 at AED 1,642 per sqft, 4% above what studios in Floarea Residence were fetching at the time (AED 1,585). Over the last 12 months studios sold for AED 690,000 to 750,000, around AED 1,753 per sqft, and rent for AED 50,000 to 79,000 a year. 516's AED 55,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Sep 202617 September 2026 | 446 sqft | 750,000 | 1,682 | ||
| 29 Jul 202629 July 2026 | 484 sqft | 736,000 | 1,520 | ||
| 30 May 202630 May 2026 | 412 sqft | 725,000 | 1,760 | ||
| 18 May 202618 May 2026 | 411 sqft | 750,000 | 1,825 |
Floarea Residence
Building94 apartments, studios to 2-bed over 9 floors in Arjan by Mashriq Elite Real Estate Development . 34 sold in the last 12 months.
- Typical price per sqft
- AED 1,645 Up 14.7%
- Typical sale
- AED 1.06M
- Typical rent
- AED 72K /yr
- Typical yield
- 7.4%
Other units on the 5th floor
All 94 units in Floarea Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 735 sqft | AED 1.23MAED 1,230,000 · Nov 2025November 2025 | ||
| 502 | 1-bed | 829 sqft | AED 1.27MAED 1,265,000 · Oct 2025October 2025 | ||
| 504 | 2-bed | 1,679 sqft | AED 1.9MAED 1,900,000 · Oct 2025October 2025 | ||
| 507 | Studio | 398 sqft | AED 680KAED 680,000 · Sep 2025September 2025 | ||
| 508 | Studio | 411 sqft | AED 750KAED 750,000 · May 2026May 2026 | 52,000 /yr | |
| 510 | 1-bed | 789 sqft | AED 1.2MAED 1,200,000 · Dec 2025December 2025 | ||
| 512 | Studio | 413 sqft | AED 685KAED 685,000 · Mar 2025March 2025 | 58,000 /yr | |
| 513 | Studio | 411 sqft | AED 650KAED 650,000 · Oct 2025October 2025 | 54,853 /yr | |
| 515 | Studio | 412 sqft | AED 650KAED 650,000 · Oct 2025October 2025 | 54,853 /yr | |
| 517 | 1-bed | 824 sqft | AED 1.05MAED 1,050,000 · May 2025May 2025 | 85,000 /yr | |
| 518 | 1-bed | 775 sqft | AED 1.07MAED 1,070,000 · Nov 2025November 2025 | 74,000 /yr | |
| 520 | 1-bed | 1,002 sqft | AED 1.25MAED 1,250,000 · Oct 2025October 2025 | 80,000 /yr |
516, Floarea Residence in numbers
- Sold once: by Mashriq Elite Real Estate Development on 20 October 2025 for AED 675,000, or AED 1,642 per sqft.
- Rented since November 2025 on one Ejari contract, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2025 price is 8.2%.
- Studios in Floarea Residence sold for AED 690,000–750,000 in the 12 months to November 2026; the building's median across all types is AED 1,645 per sqft.
Source: Dubai Land Department. Updated 3 November 2025.
Questions about 516, Floarea Residence
What did unit 516 last sell for?
AED 675,000 on 20 October 2025, sold by the developer: AED 1,642 per sqft for 411 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 55,000 a year on the contract signed on 3 November 2025.
How big is unit 516?
411 sqft (38.2 sqm): a studio on the 5th floor of a 9-storey tower.
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 Floarea Residence sold for AED 690,000 to 750,000 in the last 12 months, around AED 1,753 per sqft.
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Mortgage on 516, Floarea Residence
Starts from the last sale price (AED 675K, 20 October 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 675,000
- Deposit, UAE resident (20%)
- AED 135,000
- Deposit, non-resident (40%)
- AED 270,000
- Monthly over 25 years at 3.7%
- AED 2,762
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →