508, West Five Business Bay Residence
Sold prices and rental history: sold once, by the developer in November 2023, and rented once, from September 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, West Five Business Bay Residence
What is 508 worth today?
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Source: Dubai Land Department. Updated 30 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 701 sqft
- Floor
- 5th of 15
- Parking
- 1
- Developer
- Fortune 5 Property Development
- Completed
- 2024
- Last sold
- AED 1.38M · November 2023
- Building
- West Five Business Bay Residence
About 508, West Five Business Bay Residence
508 is a one-bedroom apartment of 701 sqft on the 5th floor of West Five Business Bay Residence, a 15-storey tower in Business Bay completed in 2024 by Fortune 5 Property Development . The developer sold it on 29 November 2023 for AED 1,384,777, or AED 1,974 per sqft, 6% below the AED 2,108 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 30 September 2026. The current contract, signed on 30 September 2026, is AED 92,000 a year: a gross yield of 6.6% on the 2023 price.
Sales and rents for 508 over time
508 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 West Five Business Bay Residence, and where 508 sits
All 111 1-beds →508 last sold in November 2023 at AED 1,974 per sqft, 6% below what one-beds in West Five Business Bay Residence were fetching at the time (AED 2,108). Over the last 12 months one-beds sold for AED 1,400,000 to 2,100,000, around AED 2,304 per sqft, and rent for AED 70,000 to 145,000 a year. 508's AED 92,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Aug 202626 August 2026 | 874 sqft | 1,660,000 | 1,899 | ||
| 7 Aug 20267 August 2026 | 868 sqft | 2,000,000 | 2,304 | ||
| 7 Aug 20267 August 2026 | 865 sqft | 2,000,000 | 2,311 | ||
| 15 Jul 202615 July 2026 | 688 sqft | 1,500,000 | 2,180 |
West Five Business Bay Residence
Building135 apartments, 1-bed to 2-bed over 15 floors in Business Bay, completed in 2024 by Fortune 5 Property Development . 17 sold in the last 12 months.
- Typical price per sqft
- AED 2,278 Up 6.7%
- Typical sale
- AED 2M
- Typical rent
- AED 100K /yr
- Typical yield
- 5.5%
Other units on the 5th floor
All 135 units in West Five Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 695 sqft | AED 1.5MAED 1,499,777 · Feb 2024February 2024 | 85,000 /yr | |
| 502 | 1-bed | 705 sqft | AED 1.49MAED 1,491,777 · Apr 2024April 2024 | 115,000 /yr | |
| 503 | 1-bed | 762 sqft | AED 1.54MAED 1,539,777 · Feb 2024February 2024 | 115,000 /yr | |
| 504 | 2-bed | 1,152 sqft | AED 2.52MAED 2,515,777 · Nov 2023November 2023 | ||
| 505 | 1-bed | 865 sqft | AED 2MAED 2,000,000 · Aug 2026August 2026 | 95,000 /yr | |
| 506 | 1-bed | 858 sqft | AED 1.43MAED 1,430,777 · Nov 2023November 2023 | ||
| 507 | 2-bed | 1,287 sqft | AED 3.01MAED 3,007,498 · Nov 2025November 2025 | ||
| 509 | 1-bed | 634 sqft | AED 1.35MAED 1,349,777 · Mar 2024March 2024 | 75,000 /yr | |
| 510 | 1-bed | 721 sqft | AED 1.53MAED 1,534,777 · Nov 2023November 2023 |
508, West Five Business Bay Residence in numbers
- Sold once: by Fortune 5 Property Development on 29 November 2023 for AED 1,384,777, or AED 1,974 per sqft.
- Rented since September 2026 on one Ejari contract, at AED 92,000 a year.
- At AED 92,000 a year the gross yield on the 2023 price is 6.6%.
- One-beds in West Five Business Bay Residence sold for AED 1,400,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,278 per sqft.
Source: Dubai Land Department. Updated 30 September 2026.
Questions about 508, West Five Business Bay Residence
What did unit 508 last sell for?
AED 1,384,777 on 29 November 2023, sold by the developer: AED 1,974 per sqft for 701 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 92,000 a year on the contract signed on 30 September 2026.
How big is unit 508?
701 sqft (65.1 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2024.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in West Five Business Bay Residence sold for AED 1,400,000 to 2,100,000 in the last 12 months, around AED 2,304 per sqft.
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Mortgage on 508, West Five Business Bay Residence
Starts from the last sale price (AED 1.38M, 29 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,384,777
- Deposit, UAE resident (20%)
- AED 276,955
- Deposit, non-resident (40%)
- AED 553,911
- Monthly over 25 years at 3.7%
- AED 5,666
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →