2-bed · 1,774 sqftCity Walk Residential Building 1, City Walk · 5th floor · completed 2017

511, City Walk Residential Building 1

Sold prices and rental history: sold 3 times, last in November 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 6 November 2023
Last soldAED 3.6M6 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 511, City Walk Residential Building 1

What is 511 worth today?

Last sold for AED 3,600,000 in 2023

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6 Nov 2023SoldReady
AED 3,600,000AED 2,028 per sqft
15 Dec 2022SoldReady
AED 2,939,000AED 1,656 per sqft
27 Dec 2016Sold by developerOff-plan
AED 3,069,000AED 1,729 per sqft

Source: Dubai Land Department. Updated 6 November 2023.

Key facts

Type
2-bed apartment
Size
1,774 sqft
Floor
5th of 6
Parking
B-64, B-65
Developer
Meraas
Completed
2017
Service charge
AED 38,900 /yr
Last sold
AED 3.6M · November 2023

About 511, City Walk Residential Building 1

511 is a two-bedroom apartment of 1,774 sqft on the 5th floor of City Walk Residential Building 1, a 6-storey tower in City Walk completed in 2017 by Meraas. It last sold on 6 November 2023 for AED 3,600,000, or AED 2,028 per sqft, 22% above the AED 1,661 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 511 over time

Sales
Unit 511, each saleTypical two-bed in City Walk Residential Building 1
4M6M2016201920222025Typical sale price by year: 2016 AED 3,037,000; 2022 AED 2,880,000; 2023 AED 3,150,000; 2024 AED 5,700,000; 2025 AED 5,087,500Sold by developer, December 2016: AED 3,069,000 (AED 1,729 per sqft)Sold, December 2022: AED 2,939,000 (AED 1,656 per sqft)Sold, November 2023: AED 3,600,000 (AED 2,028 per sqft)

511 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 511, each contractTypical two-bed in City Walk Residential Building 1
200K300K20192021202320252027Typical rent by year: 2019 AED 184,000; 2020 AED 175,000; 2021 AED 190,000; 2022 AED 185,000; 2023 AED 275,000; 2024 AED 314,000; 2025 AED 265,000; 2026 AED 265,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in City Walk Residential Building 1, and where 511 sits

All 33 2-beds →

511 last sold in November 2023 at AED 2,028 per sqft, 22% above what two-beds in City Walk Residential Building 1 were fetching at the time (AED 1,661). Over the last 12 months two-beds sold for AED 5,600,000, around AED 2,400 per sqft, and rent for AED 50,000 to 450,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Nov 20255,600,000
23 Oct 20254,288,500
8 Sep 20255,950,000
24 Feb 20254,575,000
1 2-bed sale in the last 12 months

City Walk Residential Building 1

Building

64 apartments, 1-bed to 4-bed over 6 floors in City Walk, completed in 2017 by Meraas. 2 sold in the last 12 months.

Typical price per sqft
AED 2,318
Typical sale
AED 4.1M
Typical rent
AED 298K /yr
Typical yield
6.8%
City Walk Residential Building 1, City Walk: prices, sales and rents →
Value
5012-bedAED 6.1M · Nov 2024
5021-bedAED 2.2M · Mar 2022
5031-bedAED 2.4M · Mar 2018
5042-bedAED 3M · Mar 2021
5052-bedAED 3.4M · Jun 2023
5064-bedAED 9.35M · Jun 2023
5073-bedAED 2.8M · Apr 2022
1–7 of 10

511, City Walk Residential Building 1 in numbers

  • Sold 3 times: first on 27 December 2016 for AED 3,069,000, last on 6 November 2023 for AED 3,600,000 (AED 2,028 per sqft).
  • Two-beds in City Walk Residential Building 1 sold for AED 5,600,000–5,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,318 per sqft.

Source: Dubai Land Department. Updated 6 November 2023.

Questions about 511, City Walk Residential Building 1

What did unit 511 last sell for?

AED 3,600,000 on 6 November 2023: AED 2,028 per sqft for 1,774 sqft. The unit has 3 registered sales; the first was AED 3,069,000 in December 2016.

How big is unit 511?

1,774 sqft (164.8 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2017.

What is unit 511 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in City Walk Residential Building 1 sold for AED 5,600,000 to 5,600,000 in the last 12 months, around AED 2,400 per sqft.

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Mortgage on 511, City Walk Residential Building 1

Starts from the last sale price (AED 3.6M, 6 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

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