502, Park Central
Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Park Central
What is 502 worth today?
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Source: Dubai Land Department. Updated 24 December 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 706 sqft
- Floor
- 5th of 16
- Parking
- P-33
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 13,200 /yr
- Last sold
- AED 894K · March 2014
- Building
- Park Central
About 502, Park Central
502 is a one-bedroom apartment of 706 sqft on the 5th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. The developer sold it on 9 March 2014 for AED 894,000, or AED 1,266 per sqft, 4% below the AED 1,315 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 12 Ejari contracts. The current contract, renewed on 24 December 2025, is AED 68,736 a year: a gross yield of 7.7% on the 2014 price, before the service charge of about AED 13,200 a year.
Sales and rents for 502 over time
502 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Park Central, and where 502 sits
All 51 1-beds →502 last sold in March 2014 at AED 1,266 per sqft, 4% below what one-beds in Park Central were fetching at the time (AED 1,315). Over the last 12 months one-beds sold for AED 850,000 to 888,803, around AED 1,238 per sqft, and rent for AED 40,000 to 100,000 a year. 502's AED 68,736 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 May 202621 May 2026 | 844 sqft | 888,803 | 1,053 | ||
| 17 Mar 202617 March 2026 | 702 sqft | 870,000 | 1,238 | ||
| 9 Dec 20259 December 2025 | 634 sqft | 850,000 | 1,340 | ||
| 14 Oct 202514 October 2025 | 620 sqft | 1,100,000 | 1,773 |
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 5th floor
All 136 units in Park Central| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,423 sqft | AED 930KAED 930,000 · Apr 2019April 2019 | ||
| 503 | 1-bed | 955 sqft | AED 1.15MAED 1,145,709 · Nov 2017November 2017 | 85,000 /yr | |
| 504 | 1-bed | 710 sqft | AED 732KAED 731,500 · Jul 2014July 2014 | 70,000 /yr | |
| 505 | Studio | 341 sqft | AED 340KAED 340,000 · Mar 2014March 2014 | 46,000 /yr | |
| 506 | 2-bed | 1,110 sqft | AED 1.14MAED 1,143,000 · Apr 2014April 2014 | 85,000 /yr | |
| 507 | Studio | 458 sqft | AED 693KAED 693,380 · Mar 2014March 2014 | 52,000 /yr | |
| 508 | Studio | 454 sqft | AED 650KAED 650,000 · Feb 2026February 2026 | 53,000 /yr | |
| 509 | 2-bed | 1,158 sqft | AED 1.35MAED 1,350,000 · Jul 2026July 2026 | 84,700 /yr | |
| 510 | 1-bed | 739 sqft | AED 1.28MAED 1,275,059 · Apr 2014April 2014 | 68,000 /yr |
502, Park Central in numbers
- Sold once: by DAMAC on 9 March 2014 for AED 894,000, or AED 1,266 per sqft.
- Rented since March 2015 on 12 Ejari contracts. The rent fell from AED 80,000 to AED 45,000 in 2021 and recovered to AED 68,736 by December 2025.
- At AED 68,736 a year the gross yield on the 2014 price is 7.7%, before a service charge of about AED 13,200 a year (AED 18.77 per sqft).
- One-beds in Park Central sold for AED 850,000–888,803 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 24 December 2025.
Questions about 502, Park Central
What did unit 502 last sell for?
AED 894,000 on 9 March 2014, sold by the developer: AED 1,266 per sqft for 706 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 68,736 a year on the contract renewed on 24 December 2025. The previous contract, from December 2024, was AED 65,463; the unit has been rented since March 2015.
How big is unit 502?
706 sqft (65.6 sqm): a one-bedroom apartment on the 5th floor of a 16-storey tower completed in 2013.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Central sold for AED 850,000 to 888,803 in the last 12 months, around AED 1,238 per sqft.
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Mortgage on 502, Park Central
Starts from the last sale price (AED 894K, 9 March 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 894,000
- Deposit, UAE resident (20%)
- AED 178,800
- Deposit, non-resident (40%)
- AED 357,600
- Monthly over 25 years at 3.7%
- AED 3,658
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →