505, Park Central
Sold prices and rental history: sold twice, last in March 2014, 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 505, Park Central
What is 505 worth today?
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Source: Dubai Land Department. Updated 1 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 341 sqft
- Floor
- 5th of 16
- Parking
- P-36
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 6,400 /yr
- Last sold
- AED 340K · March 2014
- Building
- Park Central
About 505, Park Central
505 is a studio of 341 sqft on the 5th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 9 March 2014 for AED 340,000, or AED 997 per sqft, 30% below the AED 1,428 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 12 Ejari contracts. The current contract, renewed on 1 December 2025, is AED 46,000 a year: a gross yield of 13.5% on the 2014 price, before the service charge of about AED 6,400 a year.
Sales and rents for 505 over time
505 has sold twice; 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 505 sits
All 46 studios →505 last sold in March 2014 at AED 997 per sqft, 30% below what studios in Park Central were fetching at the time (AED 1,428). 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. 505's AED 46,000 is at the bottom 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 5th floor
All 136 units in Park Central| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,423 sqft | AED 930KAED 930,000 · Apr 2019April 2019 | ||
| 502 | 1-bed | 706 sqft | AED 894KAED 894,000 · Mar 2014March 2014 | 68,736 /yr | |
| 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 | |
| 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 |
505, Park Central in numbers
- Sold twice: first on 2 January 2013 for AED 340,000, last on 9 March 2014 for AED 340,000 (AED 997 per sqft).
- Rented since April 2014 on 12 Ejari contracts. The rent fell from AED 55,000 to AED 25,000 in 2021 and recovered to AED 46,000 by December 2025.
- At AED 46,000 a year the gross yield on the 2014 price is 13.5%, 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 1 December 2025.
Questions about 505, Park Central
What did unit 505 last sell for?
AED 340,000 on 9 March 2014: AED 997 per sqft for 341 sqft. The unit has 2 registered sales; the first was AED 340,000 in January 2013.
What is the rent for unit 505?
AED 46,000 a year on the contract renewed on 1 December 2025. The previous contract, from December 2024, was AED 46,000; the unit has been rented since April 2014.
How big is unit 505?
341 sqft (31.7 sqm): a studio on the 5th floor of a 16-storey tower completed in 2013.
What is unit 505 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 505, Park Central
Starts from the last sale price (AED 340K, 9 March 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 340,000
- Deposit, UAE resident (20%)
- AED 68,000
- Deposit, non-resident (40%)
- AED 136,000
- Monthly over 25 years at 3.7%
- AED 1,391
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →