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Studio · 495 sqftLincoln Park - Sheffield, Arjan · 5th floor · completed 2014

502, Lincoln Park - Sheffield

Sold prices and rental history: sold 3 times, last in September 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 21 September 2022
Last soldAED 280K21 September 2022
Current rentAED 25K /yr11 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Lincoln Park - Sheffield

What is 502 worth today?

Last sold for AED 280,000 in 2022

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21 Sep 2022SoldReady
AED 280,000AED 565 per sqft
11 Nov 2021RentedNew contract
AED 24,500/yr12 months · AED 49 per sqft
26 Jun 2017RentedRenewal
AED 44,000/yr12 months · AED 89 per sqft
26 Jun 2016RentedNew contract
AED 44,000/yr12 months · AED 89 per sqft
1 Apr 2015RentedNew contract
AED 50,000/yr12 months · AED 101 per sqft
12 Mar 2015SoldReady
AED 426,600AED 861 per sqft
5 Aug 2009Sold by developerOff-plan
AED 426,600AED 861 per sqft

Source: Dubai Land Department. Updated 21 September 2022.

Key facts

Type
Studio apartment
Size
495 sqft
Floor
5th of 6
Parking
P1-12
Developer
DAMAC
Completed
2014
Service charge
AED 6,300 /yr
Last sold
AED 280K · September 2022
Building
Lincoln Park - Sheffield

About 502, Lincoln Park - Sheffield

502 is a studio of 495 sqft on the 5th floor of Lincoln Park - Sheffield, a 6-storey tower in Arjan completed in 2014 by DAMAC. It last sold on 21 September 2022 for AED 280,000, or AED 565 per sqft, 9% above the AED 520 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 11 November 2021, is AED 24,500 a year: a gross yield of 8.8% on the 2022 price, before the service charge of about AED 6,300 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical studio in Lincoln Park - Sheffield
400K600K2009201420192024Typical sale price by year: 2009 AED 470,500; 2013 AED 483,000; 2014 AED 572,000; 2015 AED 556,050; 2016 AED 512,500; 2017 AED 490,000; 2018 AED 402,500; 2019 AED 320,000; 2020 AED 300,000; 2021 AED 292,500; 2022 AED 285,000; 2023 AED 382,500; 2024 AED 450,000; 2025 AED 482,500; 2026 AED 510,000Sold by developer, August 2009: AED 426,600 (AED 861 per sqft)Sold, March 2015: AED 426,600 (AED 861 per sqft)Sold, September 2022: AED 280,000 (AED 565 per sqft)

502 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 502, each contractTypical studio in Lincoln Park - Sheffield
20K40K20152018202120242027Typical rent by year: 2015 AED 50,000; 2016 AED 50,000; 2017 AED 45,000; 2018 AED 40,000; 2019 AED 35,000; 2020 AED 27,000; 2021 AED 24,000; 2022 AED 28,000; 2023 AED 34,000; 2024 AED 39,000; 2025 AED 43,000; 2026 AED 43,000New contract, April 2015: AED 50,000 a yearNew contract, June 2016: AED 44,000 a yearRenewal, June 2017: AED 44,000 a yearNew contract, November 2021: AED 24,500 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 - Sheffield, and where 502 sits

All 130 studios →

502 last sold in September 2022 at AED 565 per sqft, 9% above what studios in Lincoln Park - Sheffield were fetching at the time (AED 520). Over the last 12 months studios sold for AED 450,000 to 560,000, around AED 970 per sqft, and rent for AED 30,000 to 75,000 a year. 502's AED 24,500 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Oct 2026510,000
16 Jul 2026500,000
8 Jun 2026520,000
26 Mar 2026560,000
8 studio sales in the last 12 months

Lincoln Park - Sheffield

Building

170 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2014 by DAMAC. 10 sold in the last 12 months.

Typical price per sqft
AED 953 Up 5.0%
Typical sale
AED 515K
Typical rent
AED 45K /yr
Typical yield
8.6%
Lincoln Park - Sheffield, Arjan: prices, sales and rents →

Other units on the 5th floor

All 170 units in Lincoln Park - Sheffield
Value
501StudioAED 375K · Apr 2024
503StudioAED 390K · May 2023
504StudioAED 450K · Jan 2025
505StudioAED 450K · Jan 2025
506StudioAED 435K · Jun 2024
507StudioAED 573K · Oct 2015
5081-bedAED 410K · Sep 2019
1–7 of 33

502, Lincoln Park - Sheffield in numbers

  • Sold 3 times: first on 5 August 2009 for AED 426,600, last on 21 September 2022 for AED 280,000 (AED 565 per sqft).
  • Rented since April 2015 on 4 Ejari contracts, from AED 50,000 to AED 24,500 a year.
  • At AED 24,500 a year the gross yield on the 2022 price is 8.8%, before a service charge of about AED 6,300 a year (AED 12.82 per sqft).
  • Studios in Lincoln Park - Sheffield sold for AED 450,000–560,000 in the 12 months to November 2026; the building's median across all types is AED 953 per sqft.

Source: Dubai Land Department. Updated 21 September 2022.

Questions about 502, Lincoln Park - Sheffield

What did unit 502 last sell for?

AED 280,000 on 21 September 2022: AED 565 per sqft for 495 sqft. The unit has 3 registered sales; the first was AED 426,600 in August 2009.

What is the rent for unit 502?

AED 24,500 a year on the contract signed on 11 November 2021. The previous contract, from June 2017, was AED 44,000; the unit has been rented since April 2015.

How big is unit 502?

495 sqft (46.0 sqm): a studio on the 5th floor of a 6-storey tower completed in 2014.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Lincoln Park - Sheffield sold for AED 450,000 to 560,000 in the last 12 months, around AED 970 per sqft.

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Mortgage on 502, Lincoln Park - Sheffield

Starts from the last sale price (AED 280K, 21 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 280,000
Deposit, UAE resident (20%)
AED 56,000
Deposit, non-resident (40%)
AED 112,000
Monthly over 25 years at 3.7%
AED 1,146

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