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2-bed · 1,423 sqftPark Central, Business Bay · 5th floor · completed 2013

501, Park Central

Sold prices and rental history: sold 3 times, last in April 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 29 April 2019
Last soldAED 930K29 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Park Central

What is 501 worth today?

Last sold for AED 930,000 in 2019

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29 Apr 2019SoldReady
AED 930,000AED 653 per sqft
9 Mar 2014SoldReady
AED 1,450,400AED 1,019 per sqft
3 Jan 2013Sold by developerOff-plan
AED 1,450,400AED 1,019 per sqft

Source: Dubai Land Department. Updated 29 April 2019.

Key facts

Type
2-bed apartment
Size
1,423 sqft
Floor
5th of 16
Parking
P-32 & B2-67
Developer
DAMAC
Completed
2013
Service charge
AED 26,700 /yr
Last sold
AED 930K · April 2019
Building
Park Central

About 501, Park Central

501 is a two-bedroom apartment of 1,423 sqft on the 5th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 29 April 2019 for AED 930,000, or AED 653 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical two-bed in Park Central
1M1.5M2012201620202024Typical sale price by year: 2012 AED 1,195,200; 2013 AED 1,450,000; 2014 AED 1,376,200; 2015 AED 1,654,950; 2016 AED 1,250,000; 2017 AED 925,000; 2019 AED 1,000,000; 2023 AED 1,100,000; 2024 AED 1,280,000; 2025 AED 1,450,000; 2026 AED 1,350,000Sold by developer, January 2013: AED 1,450,400 (AED 1,019 per sqft)Sold, March 2014: AED 1,450,400 (AED 1,019 per sqft)Sold, April 2019: AED 930,000 (AED 653 per sqft)

501 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 501, each contractTypical two-bed in Park Central
50K100K2014201820222026Typical rent by year: 2014 AED 115,000; 2015 AED 120,000; 2016 AED 115,000; 2017 AED 100,000; 2018 AED 85,000; 2019 AED 70,000; 2020 AED 65,000; 2021 AED 55,000; 2022 AED 67,000; 2023 AED 80,500; 2024 AED 95,000; 2025 AED 100,000; 2026 AED 94,000

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 501 sits

All 39 2-beds →

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.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Oct 20261,400,000
13 Jul 20261,350,000
27 Mar 20261,555,000
17 Mar 20261,280,000
9 2-bed sales in the last 12 months

Park Central

Building

136 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%
Park Central, Business Bay: prices, sales and rents →

Other units on the 5th floor

All 136 units in Park Central
Value
5021-bedAED 894K · Mar 2014
5031-bedAED 1.15M · Nov 2017
5041-bedAED 732K · Jul 2014
505StudioAED 340K · Mar 2014
5062-bedAED 1.14M · Apr 2014
507StudioAED 693K · Mar 2014
508StudioAED 650K · Feb 2026
1–7 of 9

501, Park Central in numbers

  • Sold 3 times: first on 3 January 2013 for AED 1,450,400, last on 29 April 2019 for AED 930,000 (AED 653 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 29 April 2019.

Questions about 501, Park Central

What did unit 501 last sell for?

AED 930,000 on 29 April 2019: AED 653 per sqft for 1,423 sqft. The unit has 3 registered sales; the first was AED 1,450,400 in January 2013.

How big is unit 501?

1,423 sqft (132.2 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2013.

What is unit 501 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 501, Park Central

Starts from the last sale price (AED 930K, 29 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 930,000
Deposit, UAE resident (20%)
AED 186,000
Deposit, non-resident (40%)
AED 372,000
Monthly over 25 years at 3.7%
AED 3,805

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