506, Park Central
Sold prices and rental history: sold twice, last in April 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 506, Park Central
What is 506 worth today?
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Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,110 sqft
- Floor
- 5th of 16
- Parking
- P-37
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 20,800 /yr
- Last sold
- AED 1.14M · April 2014
- Building
- Park Central
About 506, Park Central
506 is a two-bedroom apartment of 1,110 sqft on the 5th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 28 April 2014 for AED 1,143,000, or AED 1,029 per sqft, 6% below the AED 1,093 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 1 November 2026, is AED 85,000 a year: a gross yield of 7.4% on the 2014 price, before the service charge of about AED 20,800 a year.
Sales and rents for 506 over time
506 has sold twice; 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 506 sits
All 39 2-beds →506 last sold in April 2014 at AED 1,029 per sqft, 6% below what two-beds in Park Central were fetching at the time (AED 1,093). 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. 506's AED 85,000 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 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 | |
| 505 | Studio | 341 sqft | AED 340KAED 340,000 · Mar 2014March 2014 | 46,000 /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 |
506, Park Central in numbers
- Sold twice: first on 3 January 2013 for AED 1,143,000, last on 28 April 2014 for AED 1,143,000 (AED 1,029 per sqft).
- Rented since August 2015 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 65,000 in 2022 and recovered to AED 85,000 by November 2026.
- At AED 85,000 a year the gross yield on the 2014 price is 7.4%, before a service charge of about AED 20,800 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 1 November 2026.
Questions about 506, Park Central
What did unit 506 last sell for?
AED 1,143,000 on 28 April 2014: AED 1,029 per sqft for 1,110 sqft. The unit has 2 registered sales; the first was AED 1,143,000 in January 2013.
What is the rent for unit 506?
AED 85,000 a year on the contract signed on 1 November 2026. The previous contract, from July 2025, was AED 90,000; the unit has been rented since August 2015.
How big is unit 506?
1,110 sqft (103.1 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2013.
What is unit 506 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 506, Park Central
Starts from the last sale price (AED 1.14M, 28 April 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,143,000
- Deposit, UAE resident (20%)
- AED 228,600
- Deposit, non-resident (40%)
- AED 457,200
- Monthly over 25 years at 3.7%
- AED 4,676
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →