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Studio · 606 sqftLincoln Park - Sheffield, Arjan · 5th floor · completed 2014

511, Lincoln Park - Sheffield

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 606K13 October 2015
Current rentAED 39K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 511, Lincoln Park - Sheffield

What is 511 worth today?

Last sold for AED 605,910 in 2015

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1 Dec 2024RentedRenewal
AED 38,500/yr12 months · AED 64 per sqft
1 Dec 2023RentedRenewal
AED 35,000/yr12 months · AED 58 per sqft
1 Dec 2022RentedNew contract
AED 30,000/yr12 months · AED 50 per sqft
20 Nov 2021RentedNew contract
AED 29,917/yr12 months · AED 50 per sqft
16 Oct 2018RentedRenewal
AED 40,000/yr12 months · AED 66 per sqft
16 Oct 2017RentedNew contract
AED 45,000/yr12 months · AED 75 per sqft
1 Dec 2016RentedNew contract
AED 52,000/yr12 months · AED 86 per sqft
13 Oct 2015Sold by developerReady
AED 605,910AED 1,000 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
Studio apartment
Size
606 sqft
Floor
5th of 6
Parking
P1-21
Developer
DAMAC
Completed
2014
Service charge
AED 7,800 /yr
Last sold
AED 606K · October 2015
Building
Lincoln Park - Sheffield

About 511, Lincoln Park - Sheffield

511 is a studio of 606 sqft on the 5th floor of Lincoln Park - Sheffield, a 6-storey tower in Arjan completed in 2014 by DAMAC. The developer sold it on 13 October 2015 for AED 605,910, or AED 1,000 per sqft, in line with the AED 1,021 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 38,500 a year: a gross yield of 6.3% on the 2015 price, before the service charge of about AED 7,800 a year.

Sales and rents for 511 over time

Sales
Unit 511, 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, October 2015: AED 605,910 (AED 1,000 per sqft)

511 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 511, 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, December 2016: AED 52,000 a yearNew contract, October 2017: AED 45,000 a yearRenewal, October 2018: AED 40,000 a yearNew contract, November 2021: AED 29,917 a yearNew contract, December 2022: AED 30,000 a yearRenewal, December 2023: AED 35,000 a yearRenewal, December 2024: AED 38,500 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 511 sits

All 130 studios →

511 last sold in October 2015 at AED 1,000 per sqft, in line with what studios in Lincoln Park - Sheffield were fetching at the time (AED 1,021). 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. 511's AED 38,500 is in the lower half 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
502StudioAED 280K · Sep 2022
503StudioAED 390K · May 2023
504StudioAED 450K · Jan 2025
505StudioAED 450K · Jan 2025
506StudioAED 435K · Jun 2024
507StudioAED 573K · Oct 2015
1–7 of 33

511, Lincoln Park - Sheffield in numbers

  • Sold once: by DAMAC on 13 October 2015 for AED 605,910, or AED 1,000 per sqft.
  • Rented since December 2016 on 7 Ejari contracts. The rent fell from AED 52,000 to AED 29,917 in 2021 and recovered to AED 38,500 by December 2024.
  • At AED 38,500 a year the gross yield on the 2015 price is 6.3%, before a service charge of about AED 7,800 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 1 December 2024.

Questions about 511, Lincoln Park - Sheffield

What did unit 511 last sell for?

AED 605,910 on 13 October 2015, sold by the developer: AED 1,000 per sqft for 606 sqft. It is the only registered sale of the unit.

What is the rent for unit 511?

AED 38,500 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 35,000; the unit has been rented since December 2016.

How big is unit 511?

606 sqft (56.3 sqm): a studio on the 5th floor of a 6-storey tower completed in 2014.

What is unit 511 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 511, Lincoln Park - Sheffield

Starts from the last sale price (AED 606K, 13 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 605,910
Deposit, UAE resident (20%)
AED 121,182
Deposit, non-resident (40%)
AED 242,364
Monthly over 25 years at 3.7%
AED 2,479

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