3-bed · 1,472 sqftBoutique 7, Barsha Heights · 5th floor · completed 2024

509, Boutique 7

Sold prices and rental history: sold once, by the developer in October 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 30 October 2024
Last soldAED 2.4M30 October 2024
Current rentAED 72K /yr5 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Boutique 7

What is 509 worth today?

Last sold for AED 2,400,000 in 2024

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30 Oct 2024Sold by developerReady
AED 2,400,000AED 1,630 per sqft
5 Jan 2023RentedRenewal
AED 72,000/yr12 months · AED 49 per sqft
5 Jan 2022RentedRenewal
AED 72,000/yr12 months · AED 49 per sqft
5 Jan 2021RentedRenewal
AED 65,000/yr12 months · AED 45 per sqft
5 Jan 2020RentedNew contract
AED 80,000/yr12 months · AED 55 per sqft
15 Sep 2017RentedNew contract
AED 110,769/yr13 months · AED 76 per sqft

Source: Dubai Land Department. Updated 30 October 2024.

Key facts

Type
3-bed apartment
Size
1,472 sqft
Floor
5th of 13
Parking
G-07
Developer
Structure Real Estate Development
Completed
2024
Last sold
AED 2.4M · October 2024
Building
Boutique 7

About 509, Boutique 7

509 is a three-bedroom apartment of 1,472 sqft on the 5th floor of Boutique 7, a 13-storey tower in Barsha Heights completed in 2024 by Structure Real Estate Development . The developer sold it on 30 October 2024 for AED 2,400,000, or AED 1,630 per sqft.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 5 January 2023, is AED 72,000 a year: a gross yield of 3.0% on the 2024 price.

Sales and rents for 509 over time

Rents
Unit 509, each contractTypical three-bed in Boutique 7
50K100K150K2017202020232026Typical rent by year: 2017 AED 92,308; 2018 AED 100,000; 2019 AED 85,000; 2020 AED 80,000; 2021 AED 75,000; 2022 AED 152,500; 2023 AED 160,000; 2024 AED 170,000; 2025 AED 165,000; 2026 AED 154,000New contract, September 2017: AED 110,769 a yearNew contract, January 2020: AED 80,000 a yearRenewal, January 2021: AED 65,000 a yearRenewal, January 2022: AED 72,000 a yearRenewal, January 2023: AED 72,000 a year

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

3-beds in Boutique 7, and where 509 sits

All 25 3-beds →

509's AED 72,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Nov 20232,500,000
9 Mar 20232,250,000
0 3-bed sales in the last 12 months

Boutique 7

Building

79 apartments, studios to 4-bed over 13 floors in Barsha Heights, completed in 2024 by Structure Real Estate Development . 4 sold in the last 12 months.

Typical price per sqft
AED 1,625
Typical sale
AED 1.09M
Typical rent
AED 85K /yr
Typical yield
7.1%
Boutique 7, Barsha Heights: prices, sales and rents →

Other units on the 5th floor

All 79 units in Boutique 7
Value
5013-bedNo registered sale
5023-bedNo registered sale
5033-bedNo registered sale
5043-bedNo registered sale
5054-bedNo registered sale
506StudioNo registered sale
507StudioNo registered sale
1–7 of 8

509, Boutique 7 in numbers

  • Sold once: by Structure Real Estate Development on 30 October 2024 for AED 2,400,000, or AED 1,630 per sqft.
  • Rented since September 2017 on 5 Ejari contracts. The rent fell from AED 110,769 to AED 65,000 in 2021 and recovered to AED 72,000 by January 2023.
  • At AED 72,000 a year the gross yield on the 2024 price is 3.0%.

Source: Dubai Land Department. Updated 30 October 2024.

Questions about 509, Boutique 7

What did unit 509 last sell for?

AED 2,400,000 on 30 October 2024, sold by the developer: AED 1,630 per sqft for 1,472 sqft. It is the only registered sale of the unit.

What is the rent for unit 509?

AED 72,000 a year on the contract renewed on 5 January 2023. The previous contract, from January 2022, was AED 72,000; the unit has been rented since September 2017.

How big is unit 509?

1,472 sqft (136.8 sqm): a three-bedroom apartment on the 5th floor of a 13-storey tower completed in 2024.

What is unit 509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 509, Boutique 7

Starts from the last sale price (AED 2.4M, 30 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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