1505, Park Central
Sold prices and rental history: sold 4 times, last in February 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1505, Park Central
What is 1505 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 12 February 2017.
Key facts
- Type
- Studio apartment
- Size
- 340 sqft
- Floor
- 15th of 16
- Parking
- B2-15
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 6,400 /yr
- Last sold
- AED 550K · February 2017
- Building
- Park Central
About 1505, Park Central
1505 is a studio of 340 sqft on the 15th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 12 February 2017 for AED 550,000, or AED 1,617 per sqft, 10% above the AED 1,476 studios in the building were fetching at the time.
It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 5 March 2016, is AED 61,500 a year: a gross yield of 11.2% on the 2017 price, before the service charge of about AED 6,400 a year.
Sales and rents for 1505 over time
1505 has sold 4 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Park Central, and where 1505 sits
All 46 studios →1505 last sold in February 2017 at AED 1,617 per sqft, 10% above what studios in Park Central were fetching at the time (AED 1,476). Over the last 12 months studios sold for AED 540,000 to 650,000, around AED 1,343 per sqft, and rent for AED 46,000 to 90,486 a year. 1505's AED 61,500 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 458 sqft | 540,000 | 1,180 | ||
| 23 Jun 202623 June 2026 | 450 sqft | 585,000 | 1,299 | ||
| 18 May 202618 May 2026 | 443 sqft | 595,000 | 1,343 | ||
| 2 Feb 20262 February 2026 | 454 sqft | 650,000 | 1,432 |
Park Central
Building136 apartments, studios to 2-bed over 16 floors in Business Bay, completed in 2013 by DAMAC. 17 sold in the last 12 months.
- Typical price per sqft
- AED 1,221 Down 5.4%
- Typical sale
- AED 1.07M
- Typical rent
- AED 70K /yr
- Typical yield
- 8.9%
Other units on the 15th floor
All 136 units in Park Central| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,266 sqft | AED 1.35MAED 1,350,000 · Mar 2024March 2024 | 130,000 /yr | |
| 1502 | 1-bed | 700 sqft | AED 1.05MAED 1,050,700 · Oct 2014October 2014 | 55,000 /yr | |
| 1503 | 1-bed | 823 sqft | AED 750KAED 750,000 · Apr 2019April 2019 | ||
| 1504 | 1-bed | 620 sqft | AED 830KAED 830,000 · Aug 2024August 2024 | 60,000 /yr | |
| 1506 | 2-bed | 1,092 sqft | AED 1.19MAED 1,190,000 · Feb 2024February 2024 | 82,000 /yr | |
| 1507 | Studio | 384 sqft | AED 450KAED 450,000 · Sep 2018September 2018 | 50,000 /yr | |
| 1508 | Studio | 448 sqft | AED 750KAED 750,000 · Jun 2015June 2015 | 55,000 /yr | |
| 1509 | 2-bed | 1,074 sqft | AED 1.01MAED 1,010,000 · Feb 2019February 2019 | 105,000 /yr | |
| 1510 | 1-bed | 670 sqft | AED 650KAED 650,000 · Jan 2020January 2020 | 50,000 /yr |
1505, Park Central in numbers
- Sold 4 times: first on 17 March 2013 for AED 525,400, last on 12 February 2017 for AED 550,000 (AED 1,617 per sqft).
- Rented since March 2014 on 3 Ejari contracts, from AED 57,000 to AED 61,500 a year.
- At AED 61,500 a year the gross yield on the 2017 price is 11.2%, before a service charge of about AED 6,400 a year (AED 18.77 per sqft).
- Studios in Park Central sold for AED 540,000–650,000 in the 12 months to November 2026; the building's median across all types is AED 1,221 per sqft.
Source: Dubai Land Department. Updated 12 February 2017.
Questions about 1505, Park Central
What did unit 1505 last sell for?
AED 550,000 on 12 February 2017: AED 1,617 per sqft for 340 sqft. The unit has 4 registered sales; the first was AED 525,400 in March 2013.
What is the rent for unit 1505?
AED 61,500 a year on the contract renewed on 5 March 2016. The previous contract, from March 2015, was AED 60,000; the unit has been rented since March 2014.
How big is unit 1505?
340 sqft (31.6 sqm): a studio on the 15th floor of a 16-storey tower completed in 2013.
What is unit 1505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Park Central sold for AED 540,000 to 650,000 in the last 12 months, around AED 1,343 per sqft.
Selling 1505? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1505, Park Central
Starts from the last sale price (AED 550K, 12 February 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →