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Studio · 498 sqftLincoln Park - Westside, Arjan · 5th floor · completed 2014

505, Lincoln Park - Westside

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

Unit 505 · DLD and Ejari recordsUpdated 24 March 2022
Last soldAED 380K25 February 2018
Current rentAED 32K /yr24 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Lincoln Park - Westside

What is 505 worth today?

Last sold for AED 380,000 in 2018

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24 Mar 2022RentedRenewal
AED 31,823/yr6 months · AED 64 per sqft
24 Sep 2021RentedNew contract
AED 22,000/yr6 months · AED 44 per sqft
25 Sep 2020RentedNew contract
AED 22,000/yr12 months · AED 44 per sqft
28 Feb 2020RentedNew contract
AED 32,400/yr12 months · AED 65 per sqft
2 Mar 2019RentedNew contract
AED 35,000/yr12 months · AED 71 per sqft
25 Feb 2018SoldReady
AED 380,000AED 762 per sqft
27 Feb 2017RentedNew contract
AED 48,000/yr12 months · AED 96 per sqft
6 Jan 2016RentedNew contract
AED 54,000/yr12 months · AED 108 per sqft

Source: Dubai Land Department. Updated 24 March 2022.

Key facts

Type
Studio apartment
Size
498 sqft
Floor
5th of 6
Parking
WB1-114
Developer
DAMAC
Completed
2014
Service charge
AED 6,000 /yr
Last sold
AED 380K · February 2018
Building
Lincoln Park - Westside

About 505, Lincoln Park - Westside

505 is a studio of 498 sqft on the 5th floor of Lincoln Park - Westside, a 6-storey tower in Arjan completed in 2014 by DAMAC. It last sold on 25 February 2018 for AED 380,000, or AED 762 per sqft, 20% below the AED 949 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 24 March 2022, is AED 31,823 a year: a gross yield of 8.4% on the 2018 price, before the service charge of about AED 6,000 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical studio in Lincoln Park - Westside
400K600K2009201420192024Typical sale price by year: 2009 AED 540,000; 2010 AED 438,275; 2014 AED 607,200; 2015 AED 612,580; 2016 AED 490,000; 2017 AED 485,000; 2018 AED 390,000; 2019 AED 327,194; 2021 AED 270,000; 2022 AED 317,500; 2023 AED 390,000; 2024 AED 455,000; 2025 AED 470,000; 2026 AED 535,000Sold by developer, October 2015: AED 498,050 (AED 1,000 per sqft)Sold, February 2018: AED 380,000 (AED 762 per sqft)

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

Rents
Unit 505, each contractTypical studio in Lincoln Park - Westside
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 26,713; 2021 AED 25,000; 2022 AED 29,000; 2023 AED 33,600; 2024 AED 40,000; 2025 AED 42,694; 2026 AED 42,000New contract, January 2016: AED 54,000 a yearNew contract, February 2017: AED 48,000 a yearNew contract, March 2019: AED 35,000 a yearNew contract, February 2020: AED 32,400 a yearNew contract, September 2020: AED 22,000 a yearNew contract, September 2021: AED 22,000 a yearRenewal, March 2022: AED 31,823 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 - Westside, and where 505 sits

All 173 studios →

505 last sold in February 2018 at AED 762 per sqft, 20% below what studios in Lincoln Park - Westside were fetching at the time (AED 949). Over the last 12 months studios sold for AED 450,000 to 954,410, around AED 982 per sqft, and rent for AED 25,000 to 62,000 a year. 505's AED 31,823 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
21 Oct 2026467,500
3 Jul 2026575,000
11 Jun 2026450,000
11 Jun 2026630,000
12 studio sales in the last 12 months

Lincoln Park - Westside

Building

227 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2014 by DAMAC. 15 sold in the last 12 months.

Typical price per sqft
AED 957 Up 9.3%
Typical sale
AED 540K
Typical rent
AED 44K /yr
Typical yield
8.1%
Lincoln Park - Westside, Arjan: prices, sales and rents →

Other units on the 5th floor

All 227 units in Lincoln Park - Westside
Value
5011-bedAED 615K · Aug 2024
502StudioAED 410K · May 2023
503StudioAED 310K · Nov 2019
504StudioAED 575K · Oct 2015
506StudioAED 500K · Jun 2016
507StudioAED 450K · Jan 2025
508StudioAED 470K · Jul 2025
1–7 of 37

505, Lincoln Park - Westside in numbers

  • Sold twice: first on 18 October 2015 for AED 498,050, last on 25 February 2018 for AED 380,000 (AED 762 per sqft).
  • Rented since January 2016 on 7 Ejari contracts. The rent fell from AED 54,000 to AED 22,000 in 2021 and recovered to AED 31,823 by March 2022.
  • At AED 31,823 a year the gross yield on the 2018 price is 8.4%, before a service charge of about AED 6,000 a year (AED 12.12 per sqft).
  • Studios in Lincoln Park - Westside sold for AED 450,000–954,410 in the 12 months to November 2026; the building's median across all types is AED 957 per sqft.

Source: Dubai Land Department. Updated 24 March 2022.

Questions about 505, Lincoln Park - Westside

What did unit 505 last sell for?

AED 380,000 on 25 February 2018: AED 762 per sqft for 498 sqft. The unit has 2 registered sales; the first was AED 498,050 in October 2015.

What is the rent for unit 505?

AED 31,823 a year on the contract renewed on 24 March 2022. The previous contract, from September 2021, was AED 22,000; the unit has been rented since January 2016.

How big is unit 505?

498 sqft (46.3 sqm): a studio on the 5th floor of a 6-storey tower completed in 2014.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Lincoln Park - Westside sold for AED 450,000 to 954,410 in the last 12 months, around AED 982 per sqft.

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Mortgage on 505, Lincoln Park - Westside

Starts from the last sale price (AED 380K, 25 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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