1506, Park Central
Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Park Central
What is 1506 worth today?
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Source: Dubai Land Department. Updated 15 May 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,092 sqft
- Floor
- 15th of 16
- Parking
- B2-16
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 20,500 /yr
- Last sold
- AED 1.19M · February 2024
- Building
- Park Central
About 1506, Park Central
1506 is a two-bedroom apartment of 1,092 sqft on the 15th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 15 February 2024 for AED 1,190,000, or AED 1,089 per sqft, 13% above the AED 968 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 15 May 2026, is AED 82,000 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 20,500 a year.
Sales and rents for 1506 over time
1506 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Park Central, and where 1506 sits
All 39 2-beds →1506 last sold in February 2024 at AED 1,089 per sqft, 13% above what two-beds in Park Central were fetching at the time (AED 968). Over the last 12 months two-beds sold for AED 1,073,183 to 1,555,000, around AED 1,165 per sqft, and rent for AED 80,000 to 130,000 a year. 1506's AED 82,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Oct 20269 October 2026 | 1,146 sqft | 1,400,000 | 1,221 | ||
| 13 Jul 202613 July 2026 | 1,158 sqft | 1,350,000 | 1,165 | ||
| 27 Mar 202627 March 2026 | 1,296 sqft | 1,555,000 | 1,199 | ||
| 17 Mar 202617 March 2026 | 1,032 sqft | 1,280,000 | 1,240 |
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 | |
| 1505 | Studio | 340 sqft | AED 550KAED 550,000 · Feb 2017February 2017 | 61,500 /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 |
1506, Park Central in numbers
- Sold 3 times: first on 22 November 2012 for AED 1,187,200, last on 15 February 2024 for AED 1,190,000 (AED 1,089 per sqft).
- Rented since May 2014 on 9 Ejari contracts. The rent fell from AED 115,000 to AED 62,500 in 2020 and recovered to AED 82,000 by May 2026.
- At AED 82,000 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 20,500 a year (AED 18.77 per sqft).
- Two-beds in Park Central sold for AED 1,073,183–1,555,000 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 15 May 2026.
Questions about 1506, Park Central
What did unit 1506 last sell for?
AED 1,190,000 on 15 February 2024: AED 1,089 per sqft for 1,092 sqft. The unit has 3 registered sales; the first was AED 1,187,200 in November 2012.
What is the rent for unit 1506?
AED 82,000 a year on the contract signed on 15 May 2026. The previous contract, from May 2025, was AED 102,000; the unit has been rented since May 2014.
How big is unit 1506?
1,092 sqft (101.5 sqm): a two-bedroom apartment on the 15th floor of a 16-storey tower completed in 2013.
What is unit 1506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Central sold for AED 1,073,183 to 1,555,000 in the last 12 months, around AED 1,165 per sqft.
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Mortgage on 1506, Park Central
Starts from the last sale price (AED 1.19M, 15 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,190,000
- Deposit, UAE resident (20%)
- AED 238,000
- Deposit, non-resident (40%)
- AED 476,000
- Monthly over 25 years at 3.7%
- AED 4,869
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →