508, Park Central
Sold prices and rental history: sold 3 times, last in February 2026, 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 508, Park Central
What is 508 worth today?
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Source: Dubai Land Department. Updated 2 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 454 sqft
- Floor
- 5th of 16
- Parking
- P-39
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 8,500 /yr
- Last sold
- AED 650K · February 2026
- Building
- Park Central
About 508, Park Central
508 is a studio of 454 sqft on the 5th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 2 February 2026 for AED 650,000, or AED 1,432 per sqft, in line with the AED 1,443 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 2 April 2026, is AED 53,000 a year: a gross yield of 8.2% on the 2026 price, before the service charge of about AED 8,500 a year.
Sales and rents for 508 over time
508 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 508 sits
All 46 studios →508 last sold in February 2026 at AED 1,432 per sqft, in line with what studios in Park Central were fetching at the time (AED 1,443). 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. 508's AED 53,000 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 | ||
| 30 Dec 202530 December 2025 | 458 sqft | 650,000 | 1,420 |
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 | |
| 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 | |
| 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 |
508, Park Central in numbers
- Sold 3 times: first on 21 May 2013 for AED 632,800, last on 2 February 2026 for AED 650,000 (AED 1,432 per sqft).
- Rented since March 2014 on 10 Ejari contracts. The rent fell from AED 70,000 to AED 30,000 in 2020 and recovered to AED 53,000 by April 2026.
- At AED 53,000 a year the gross yield on the 2026 price is 8.2%, before a service charge of about AED 8,500 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 2 April 2026.
Questions about 508, Park Central
What did unit 508 last sell for?
AED 650,000 on 2 February 2026: AED 1,432 per sqft for 454 sqft. The unit has 3 registered sales; the first was AED 632,800 in May 2013.
What is the rent for unit 508?
AED 53,000 a year on the contract signed on 2 April 2026. The previous contract, from April 2025, was AED 53,000; the unit has been rented since March 2014.
How big is unit 508?
454 sqft (42.2 sqm): a studio on the 5th floor of a 16-storey tower completed in 2013.
What is unit 508 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 508, Park Central
Starts from the last sale price (AED 650K, 2 February 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →