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Studio · 393 sqftPolaris Tower, Business Bay · 15th floor · completed 2022

1508, Polaris Tower

Sold prices and rental history: sold once, by the developer in July 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1508 · DLD and Ejari recordsUpdated 15 July 2012
Last soldAED 470K15 July 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1508, Polaris Tower

What is 1508 worth today?

Last sold for AED 470,016 in 2012

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15 Jul 2012Sold by developerOff-plan
AED 470,016AED 1,195 per sqft

Source: Dubai Land Department. Updated 15 July 2012.

Key facts

Type
Studio apartment
Size
393 sqft
Floor
15th of 28
Parking
nan
Developer
Silver Sky Properties
Completed
2022
Last sold
AED 470K · July 2012
Building
Polaris Tower

About 1508, Polaris Tower

1508 is a studio of 393 sqft on the 15th floor of Polaris Tower, a 28-storey tower in Business Bay completed in 2022 by Silver Sky Properties. The developer sold it on 15 July 2012 for AED 470,016, or AED 1,195 per sqft, 10% above the AED 1,091 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1508 over time

Sales
Unit 1508, each saleTypical studio in Polaris Tower
200K400K2009201320172021Typical sale price by year: 2009 AED 517,782; 2012 AED 407,821; 2015 AED 411,993; 2016 AED 442,408; 2022 AED 238,205; 2023 AED 248,474Sold by developer, July 2012: AED 470,016 (AED 1,195 per sqft)

1508 has sold once; the dashed line is the studio median of each year in the building.

Studios in Polaris Tower, and where 1508 sits

All 97 studios →

1508 last sold in July 2012 at AED 1,195 per sqft, 10% above what studios in Polaris Tower were fetching at the time (AED 1,091).

Recent studio salesUnit no.Price (AED)Summary
15 Nov 2024490,000
27 Jul 2023240,537
29 Mar 2023248,474
22 Mar 2023248,474
0 studio sales in the last 12 months

Polaris Tower

Building

210 apartments, studios to 1-bed over 28 floors in Business Bay, completed in 2022 by Silver Sky Properties. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
Few contracts
Typical yield
Polaris Tower, Business Bay: prices, sales and rents →

Other units on the 15th floor

All 210 units in Polaris Tower
Value
15011-bedAED 1.01M · Aug 2017
15031-bedAED 772K · Jul 2009
15041-bedAED 734K · Jul 2009
1505StudioAED 422K · Jun 2012
15061-bedAED 679K · Jul 2009
15071-bedAED 728K · Jul 2009
1509StudioAED 599K · Jul 2009
1–7 of 22

1508, Polaris Tower in numbers

  • Sold once: by Silver Sky Properties on 15 July 2012 for AED 470,016, or AED 1,195 per sqft.

Source: Dubai Land Department. Updated 15 July 2012.

Questions about 1508, Polaris Tower

What did unit 1508 last sell for?

AED 470,016 on 15 July 2012, sold by the developer: AED 1,195 per sqft for 393 sqft. It is the only registered sale of the unit.

How big is unit 1508?

393 sqft (36.5 sqm): a studio on the 15th floor of a 28-storey tower completed in 2022.

What is unit 1508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1508, Polaris Tower

Starts from the last sale price (AED 470K, 15 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 470,016
Deposit, UAE resident (20%)
AED 94,003
Deposit, non-resident (40%)
AED 188,006
Monthly over 25 years at 3.7%
AED 1,923

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