1508, Park Central
Sold prices and rental history: sold 3 times, last in June 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Park Central
What is 1508 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 448 sqft
- Floor
- 15th of 16
- Parking
- B2-18
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 8,400 /yr
- Last sold
- AED 750K · June 2015
- Building
- Park Central
About 1508, Park Central
1508 is a studio of 448 sqft on the 15th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 18 June 2015 for AED 750,000, or AED 1,675 per sqft, in line with the AED 1,675 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 55,000 a year: a gross yield of 7.3% on the 2015 price, before the service charge of about AED 8,400 a year.
Sales and rents for 1508 over time
1508 has sold 3 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 1508 sits
All 46 studios →1508 last sold in June 2015 at AED 1,675 per sqft, in line with what studios in Park Central were fetching at the time (AED 1,675). 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. 1508's AED 55,000 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 | |
| 1505 | Studio | 340 sqft | AED 550KAED 550,000 · Feb 2017February 2017 | 61,500 /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 | |
| 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 |
1508, Park Central in numbers
- Sold 3 times: first on 9 May 2013 for AED 632,800, last on 18 June 2015 for AED 750,000 (AED 1,675 per sqft).
- Rented since December 2016 on 9 Ejari contracts. The rent fell from AED 60,000 to AED 28,000 in 2021 and recovered to AED 55,000 by September 2026.
- At AED 55,000 a year the gross yield on the 2015 price is 7.3%, before a service charge of about AED 8,400 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 1 September 2026.
Questions about 1508, Park Central
What did unit 1508 last sell for?
AED 750,000 on 18 June 2015: AED 1,675 per sqft for 448 sqft. The unit has 3 registered sales; the first was AED 632,800 in May 2013.
What is the rent for unit 1508?
AED 55,000 a year on the contract renewed on 1 September 2026. The previous contract, from September 2025, was AED 55,000; the unit has been rented since December 2016.
How big is unit 1508?
448 sqft (41.6 sqm): a studio on the 15th floor of a 16-storey tower completed in 2013.
What is unit 1508 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.
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Mortgage on 1508, Park Central
Starts from the last sale price (AED 750K, 18 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →