506, West Wharf Tower
Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, West Wharf Tower
What is 506 worth today?
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Source: Dubai Land Department. Updated 12 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 597 sqft
- Floor
- 5th of 17
- Parking
- B3-38
- Developer
- Capital Trust Gulf
- Completed
- 2013
- Service charge
- AED 12,900 /yr
- Last sold
- AED 770K · August 2024
- Building
- West Wharf Tower
About 506, West Wharf Tower
506 is a studio of 597 sqft on the 5th floor of West Wharf Tower, a 17-storey tower in Business Bay completed in 2013 by Capital Trust Gulf. It last sold on 2 August 2024 for AED 770,000, or AED 1,289 per sqft, in line with the AED 1,289 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 12 October 2024, is AED 62,831 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 12,900 a year.
Sales and rents for 506 over time
506 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 West Wharf Tower, and where 506 sits
All 37 studios →506 last sold in August 2024 at AED 1,289 per sqft, in line with what studios in West Wharf Tower were fetching at the time (AED 1,289). Over the last 12 months studios sold for AED 790,000 to 1,150,000, around AED 1,646 per sqft, and rent for AED 58,564 to 120,000 a year. 506's AED 62,831 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Oct 202628 October 2026 | 561 sqft | 1,015,000 | 1,809 | ||
| 2 Sep 20262 September 2026 | 559 sqft | 790,000 | 1,413 | ||
| 30 Jul 202630 July 2026 | 622 sqft | 1,150,000 | 1,849 | ||
| 7 Jan 20267 January 2026 | 671 sqft | 995,000 | 1,483 |
West Wharf Tower
Building111 apartments, studios to 5-bed over 17 floors in Business Bay, completed in 2013 by Capital Trust Gulf. 11 sold in the last 12 months.
- Typical price per sqft
- AED 1,587 Down 3.6%
- Typical sale
- AED 1.46M
- Typical rent
- AED 83K /yr
- Typical yield
- 6.9%
Other units on the 5th floor
All 111 units in West Wharf Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 561 sqft | AED 1.1MAED 1,100,000 · May 2025May 2025 | 67,000 /yr | |
| 502 | Studio | 559 sqft | AED 951KAED 950,859 · Feb 2015February 2015 | 55,000 /yr | |
| 503 | 1-bed | 821 sqft | AED 1.46MAED 1,460,650 · Mar 2015March 2015 | 87,000 /yr | |
| 504 | Studio | 602 sqft | AED 1MAED 1,000,000 · Nov 2014November 2014 | 65,000 /yr | |
| 505 | 1-bed | 766 sqft | AED 1.35MAED 1,350,000 · Jul 2025July 2025 | 96,000 /yr | |
| 507 | Studio | 671 sqft | AED 1.36MAED 1,361,960 · Jun 2009June 2009 | 72,000 /yr | |
| 508 | 1-bed | 1,126 sqft | AED 1.7MAED 1,700,000 · Feb 2026February 2026 | 115,000 /yr | |
| 509 | 1-bed | 897 sqft | AED 1.16MAED 1,156,913 · Jun 2009June 2009 | 90,000 /yr | |
| 510 | 1-bed | 892 sqft | AED 800KAED 800,000 · Jul 2021July 2021 | 105,000 /yr |
506, West Wharf Tower in numbers
- Sold 3 times: first on 22 June 2009 for AED 792,120, last on 2 August 2024 for AED 770,000 (AED 1,289 per sqft).
- Rented since June 2016 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 40,000 in 2020 and recovered to AED 62,831 by October 2024.
- At AED 62,831 a year the gross yield on the 2024 price is 8.2%, before a service charge of about AED 12,900 a year (AED 21.62 per sqft).
- Studios in West Wharf Tower sold for AED 790,000–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,587 per sqft.
Source: Dubai Land Department. Updated 12 October 2024.
Questions about 506, West Wharf Tower
What did unit 506 last sell for?
AED 770,000 on 2 August 2024: AED 1,289 per sqft for 597 sqft. The unit has 3 registered sales; the first was AED 792,120 in June 2009.
What is the rent for unit 506?
AED 62,831 a year on the contract signed on 12 October 2024. The previous contract, from June 2022, was AED 58,000; the unit has been rented since June 2016.
How big is unit 506?
597 sqft (55.5 sqm): a studio on the 5th floor of a 17-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. Studios in West Wharf Tower sold for AED 790,000 to 1,150,000 in the last 12 months, around AED 1,646 per sqft.
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Mortgage on 506, West Wharf Tower
Starts from the last sale price (AED 770K, 2 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 770,000
- Deposit, UAE resident (20%)
- AED 154,000
- Deposit, non-resident (40%)
- AED 308,000
- Monthly over 25 years at 3.7%
- AED 3,150
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →