502, City Walk Residential Building 2B
Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, City Walk Residential Building 2B
What is 502 worth today?
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Source: Dubai Land Department. Updated 22 May 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,722 sqft
- Floor
- 5th of 6
- Parking
- B-415, B-416
- Developer
- Meraas
- Completed
- 2017
- Service charge
- AED 59,700 /yr
- Last sold
- AED 4.9M · May 2024
About 502, City Walk Residential Building 2B
502 is a three-bedroom apartment of 2,722 sqft on the 5th floor of City Walk Residential Building 2B, a 6-storey tower in City Walk completed in 2017 by Meraas. It last sold on 22 May 2024 for AED 4,900,000, or AED 1,800 per sqft, in line with the AED 1,823 three-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 9 August 2023, is AED 202,958 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 59,700 a year.
Sales and rents for 502 over time
502 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in City Walk Residential Building 2B, and where 502 sits
All 27 3-beds →502 last sold in May 2024 at AED 1,800 per sqft, in line with what three-beds in City Walk Residential Building 2B were fetching at the time (AED 1,823). Over the last 12 months three-beds sold for AED 6,750,000, around AED 2,480 per sqft, and rent for AED 290,000 to 470,000 a year. 502's AED 202,958 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 May 202622 May 2026 | 2,722 sqft | 6,750,000 | 2,480 | ||
| 13 Oct 202513 October 2025 | 2,348 sqft | 7,500,000 | 3,194 | ||
| 4 Apr 20254 April 2025 | 2,348 sqft | 7,000,000 | 2,981 | ||
| 24 Oct 202424 October 2024 | 2,348 sqft | 6,400,000 | 2,725 |
City Walk Residential Building 2B
Building69 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 2,368
- Typical sale
- AED 4.88M
- Typical rent
- AED 290K /yr
- Typical yield
- 6.1%
Other units on the 5th floor
All 69 units in City Walk Residential Building 2B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,282 sqft | AED 3.76MAED 3,755,000 · Apr 2023April 2023 | 375,000 /yr | |
| 503 | 3-bed | 2,545 sqft | AED 6MAED 6,000,000 · May 2024May 2024 | 750,000 /yr | |
| 504 | 2-bed | 1,873 sqft | AED 3.96MAED 3,960,000 · Dec 2023December 2023 | 350,000 /yr | |
| 505 | 2-bed | 1,877 sqft | AED 3.7MAED 3,700,000 · Jul 2023July 2023 | 240,000 /yr | |
| 506 | 2-bed | 2,205 sqft | AED 4MAED 4,000,000 · Nov 2023November 2023 | 176,000 /yr | |
| 507 | 1-bed | 1,273 sqft | AED 2.23MAED 2,230,000 · Mar 2023March 2023 | 115,100 /yr | |
| 508 | 2-bed | 1,876 sqft | AED 3.49MAED 3,490,000 · Oct 2023October 2023 | 270,000 /yr | |
| 509 | 1-bed | 1,330 sqft | AED 2.37MAED 2,371,913 · May 2023May 2023 | 115,000 /yr | |
| 510 | 2-bed | 2,205 sqft | AED 4.35MAED 4,350,000 · Apr 2024April 2024 | 182,488 /yr | |
| 511 | 3-bed | 2,349 sqft | AED 4.78MAED 4,780,000 · Jul 2023July 2023 | 176,000 /yr | |
| 512 | 3-bed | 2,348 sqft | AED 6.4MAED 6,400,000 · Oct 2024October 2024 | 41,438 /yr |
502, City Walk Residential Building 2B in numbers
- Sold 3 times: first on 30 January 2017 for AED 3,525,000, last on 22 May 2024 for AED 4,900,000 (AED 1,800 per sqft).
- Rented since February 2018 on 7 Ejari contracts. The rent fell from AED 193,846 to AED 160,000 in 2021 and recovered to AED 202,958 by August 2023.
- At AED 202,958 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 59,700 a year (AED 21.95 per sqft).
- Three-beds in City Walk Residential Building 2B sold for AED 6,750,000–6,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,368 per sqft.
Source: Dubai Land Department. Updated 22 May 2024.
Questions about 502, City Walk Residential Building 2B
What did unit 502 last sell for?
AED 4,900,000 on 22 May 2024: AED 1,800 per sqft for 2,722 sqft. The unit has 3 registered sales; the first was AED 3,525,000 in January 2017.
What is the rent for unit 502?
AED 202,958 a year on the contract renewed on 9 August 2023. The previous contract, from February 2023, was AED 182,873; the unit has been rented since February 2018.
How big is unit 502?
2,722 sqft (252.9 sqm): a three-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. Three-beds in City Walk Residential Building 2B sold for AED 6,750,000 to 6,750,000 in the last 12 months, around AED 2,480 per sqft.
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Mortgage on 502, City Walk Residential Building 2B
Starts from the last sale price (AED 4.9M, 22 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,900,000
- Deposit, UAE resident (20%)
- AED 980,000
- Deposit, non-resident (40%)
- AED 1,960,000
- Monthly over 25 years at 3.7%
- AED 20,047
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →