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Studio · 493 sqftLincoln Park - Building B, Arjan · 5th floor · completed 2014

515, Lincoln Park - Building B

Sold prices and rental history: sold twice, last in September 2018, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 21 October 2023
Last soldAED 385K6 September 2018
Current rentAED 32K /yr21 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Lincoln Park - Building B

What is 515 worth today?

Last sold for AED 385,000 in 2018

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21 Oct 2023RentedRenewal
AED 32,000/yr13 months · AED 65 per sqft
21 Oct 2023RentedRenewal
AED 29,313/yr13 months · AED 61 per sqft
21 Sep 2022RentedRenewal
AED 26,000/yr13 months · AED 53 per sqft
20 Aug 2021RentedNew contract
AED 26,000/yr13 months · AED 53 per sqft
10 Jul 2020RentedNew contract
AED 24,000/yr12 months · AED 48 per sqft
6 Sep 2018SoldReady
AED 385,000AED 780 per sqft
26 May 2018RentedRenewal
AED 41,000/yr12 months · AED 83 per sqft
26 May 2017RentedNew contract
AED 42,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 21 October 2023.

Key facts

Type
Studio apartment
Size
493 sqft
Floor
5th of 6
Parking
WG-16
Developer
DAMAC
Completed
2014
Service charge
AED 6,000 /yr
Last sold
AED 385K · September 2018
Building
Lincoln Park - Building B

About 515, Lincoln Park - Building B

515 is a studio of 493 sqft on the 5th floor of Lincoln Park - Building B, a 6-storey tower in Arjan completed in 2014 by DAMAC. It last sold on 6 September 2018 for AED 385,000, or AED 780 per sqft, 11% below the AED 879 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 21 October 2023, is AED 32,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 6,000 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical studio in Lincoln Park - Building B
400K600K2009201420192024Typical sale price by year: 2009 AED 430,350; 2014 AED 576,480; 2015 AED 586,800; 2016 AED 467,500; 2017 AED 450,000; 2018 AED 400,000; 2020 AED 275,000; 2021 AED 282,500; 2022 AED 305,000; 2023 AED 380,000; 2024 AED 410,000; 2025 AED 460,000; 2026 AED 500,000Sold by developer, June 2014: AED 504,000 (AED 1,021 per sqft)Sold, September 2018: AED 385,000 (AED 780 per sqft)

515 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 515, each contractTypical studio in Lincoln Park - Building B
20K40K20152018202120242027Typical rent by year: 2015 AED 49,000; 2016 AED 48,000; 2017 AED 45,000; 2018 AED 38,000; 2019 AED 33,000; 2020 AED 26,000; 2021 AED 24,000; 2022 AED 27,010; 2023 AED 32,000; 2024 AED 38,000; 2025 AED 42,000; 2026 AED 42,000New contract, May 2016: AED 48,000 a yearNew contract, May 2017: AED 42,000 a yearRenewal, May 2018: AED 41,000 a yearNew contract, July 2020: AED 24,000 a yearNew contract, August 2021: AED 26,000 a yearRenewal, September 2022: AED 26,000 a yearRenewal, October 2023: AED 32,000 a yearRenewal, October 2023: AED 29,313 a year

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

Studios in Lincoln Park - Building B, and where 515 sits

All 103 studios →

515 last sold in September 2018 at AED 780 per sqft, 11% below what studios in Lincoln Park - Building B were fetching at the time (AED 879). Over the last 12 months studios sold for AED 415,000 to 535,000, around AED 1,041 per sqft, and rent for AED 25,000 to 58,000 a year. 515's AED 32,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
26 Sep 2026470,000
26 Aug 2026514,489
28 Jul 2026500,000
20 Jun 2026485,000
13 studio sales in the last 12 months

Lincoln Park - Building B

Building

144 apartments, studios to 1-bed over 6 floors in Arjan, completed in 2014 by DAMAC. 19 sold in the last 12 months.

Typical price per sqft
AED 1,013 Up 8.6%
Typical sale
AED 520K
Typical rent
AED 45K /yr
Typical yield
8.5%
Lincoln Park - Building B, Arjan: prices, sales and rents →

Other units on the 5th floor

All 144 units in Lincoln Park - Building B
Value
501StudioAED 410K · Sep 2024
502StudioAED 395K · Dec 2018
503StudioAED 485K · Jan 2017
504StudioAED 308K · Jan 2023
5051-bedAED 450K · Mar 2023
506StudioAED 470K · Sep 2026
507StudioAED 559K · Mar 2014
1–7 of 28

515, Lincoln Park - Building B in numbers

  • Sold twice: first on 23 June 2014 for AED 504,000, last on 6 September 2018 for AED 385,000 (AED 780 per sqft).
  • Rented since May 2016 on 8 Ejari contracts. The rent fell from AED 48,000 to AED 24,000 in 2020 and recovered to AED 32,000 by October 2023.
  • At AED 32,000 a year the gross yield on the 2018 price is 8.3%, before a service charge of about AED 6,000 a year (AED 12.12 per sqft).
  • Studios in Lincoln Park - Building B sold for AED 415,000–535,000 in the 12 months to November 2026; the building's median across all types is AED 1,013 per sqft.

Source: Dubai Land Department. Updated 21 October 2023.

Questions about 515, Lincoln Park - Building B

What did unit 515 last sell for?

AED 385,000 on 6 September 2018: AED 780 per sqft for 493 sqft. The unit has 2 registered sales; the first was AED 504,000 in June 2014.

What is the rent for unit 515?

AED 32,000 a year on the contract renewed on 21 October 2023. The previous contract, from October 2023, was AED 29,313; the unit has been rented since May 2016.

How big is unit 515?

493 sqft (45.8 sqm): a studio on the 5th floor of a 6-storey tower completed in 2014.

What is unit 515 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Lincoln Park - Building B sold for AED 415,000 to 535,000 in the last 12 months, around AED 1,041 per sqft.

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Mortgage on 515, Lincoln Park - Building B

Starts from the last sale price (AED 385K, 6 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 385,000
Deposit, UAE resident (20%)
AED 77,000
Deposit, non-resident (40%)
AED 154,000
Monthly over 25 years at 3.7%
AED 1,575

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