1-bed · 1,228 sqftCity Walk Residential Building 2A, City Walk · 5th floor · completed 2017

502, City Walk Residential Building 2A

Sold prices and rental history: sold 4 times, last in June 2021, and rented once, from January 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 June 2021
Last soldAED 1.2M1 June 2021
Current rentAED 130K /yr10 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, City Walk Residential Building 2A

What is 502 worth today?

Last sold for AED 1,200,000 in 2021

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1 Jun 2021SoldReady
AED 1,200,000AED 977 per sqft
10 Jan 2018RentedNew contract
AED 130,000/yr12 months · AED 106 per sqft
28 Sep 2017SoldReady
AED 2,350,000AED 1,914 per sqft
29 Jun 2016Sold by developerOff-plan
AED 2,038,387AED 1,660 per sqft
29 Jun 2016SoldOff-plan
AED 1,607,000AED 1,309 per sqft

Source: Dubai Land Department. Updated 1 June 2021.

Key facts

Type
1-bed apartment
Size
1,228 sqft
Floor
5th of 6
Parking
B-399
Developer
Meraas
Completed
2017
Service charge
AED 26,900 /yr
Last sold
AED 1.2M · June 2021

About 502, City Walk Residential Building 2A

502 is a one-bedroom apartment of 1,228 sqft on the 5th floor of City Walk Residential Building 2A, a 6-storey tower in City Walk completed in 2017 by Meraas. It last sold on 1 June 2021 for AED 1,200,000, or AED 977 per sqft.

One Ejari contract is registered, from 10 January 2018. The current contract, signed on 10 January 2018, is AED 130,000 a year: a gross yield of 10.8% on the 2021 price, before the service charge of about AED 26,900 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical one-bed in City Walk Residential Building 2A
1M2M2016201920222025Typical sale price by year: 2016 AED 1,806,500; 2017 AED 2,368,000; 2026 AED 2,600,000Sold by developer, June 2016: AED 2,038,387 (AED 1,660 per sqft)Sold, June 2016: AED 1,607,000 (AED 1,309 per sqft)Sold, September 2017: AED 2,350,000 (AED 1,914 per sqft)Sold, June 2021: AED 1,200,000 (AED 977 per sqft)

502 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 502, each contractTypical one-bed in City Walk Residential Building 2A
130K140K201720182019Typical rent by year: 2017 AED 140,000; 2018 AED 127,500New contract, January 2018: AED 130,000 a year

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

1-beds in City Walk Residential Building 2A, and where 502 sits

All 7 1-beds →

Over the last 12 months one-beds sold for AED 2,400,000 to 2,737,647, around AED 2,139 per sqft, and rent for AED 180,000 to 180,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Sep 20262,400,000
16 Jun 20262,737,647
31 Mar 20262,600,000
5 Apr 20232,150,000
3 1-bed sales in the last 12 months

City Walk Residential Building 2A

Building

31 apartments, 1-bed to 4-bed over 6 floors in City Walk, completed in 2017 by Meraas. 5 sold in the last 12 months.

Typical price per sqft
AED 1,908
Typical sale
AED 2.74M
Typical rent
AED 290K /yr
Typical yield
7.2%
City Walk Residential Building 2A, City Walk: prices, sales and rents →
Value
5012-bedAED 3.61M · Aug 2017
5033-bedAED 4.67M · Feb 2017
5042-bedAED 2.7M · Jun 2016
5063-bedAED 4.45M · Jul 2017

502, City Walk Residential Building 2A in numbers

  • Sold 4 times: first on 29 June 2016 for AED 1,607,000, last on 1 June 2021 for AED 1,200,000 (AED 977 per sqft).
  • Rented since January 2018 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2021 price is 10.8%, before a service charge of about AED 26,900 a year (AED 21.95 per sqft).
  • One-beds in City Walk Residential Building 2A sold for AED 2,400,000–2,737,647 in the 12 months to November 2026; the building's median across all types is AED 1,908 per sqft.

Source: Dubai Land Department. Updated 1 June 2021.

Questions about 502, City Walk Residential Building 2A

What did unit 502 last sell for?

AED 1,200,000 on 1 June 2021: AED 977 per sqft for 1,228 sqft. The unit has 4 registered sales; the first was AED 1,607,000 in June 2016.

What is the rent for unit 502?

AED 130,000 a year on the contract signed on 10 January 2018.

How big is unit 502?

1,228 sqft (114.1 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2017.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in City Walk Residential Building 2A sold for AED 2,400,000 to 2,737,647 in the last 12 months, around AED 2,139 per sqft.

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Mortgage on 502, City Walk Residential Building 2A

Starts from the last sale price (AED 1.2M, 1 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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