2-bed · 1,348 sqftDubai Wharf Tower 2, Culture Village · 5th floor · completed 2017

511, Dubai Wharf Tower 2

Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 1.71M1 April 2024
Current rentAED 85K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 511, Dubai Wharf Tower 2

What is 511 worth today?

Last sold for AED 1,710,000 in 2024

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1 Apr 2024SoldReady
AED 1,710,000AED 1,268 per sqft
1 Aug 2022RentedNew contract
AED 85,229/yr13 months · AED 63 per sqft
10 Dec 2020RentedNew contract
AED 65,000/yr13 months · AED 48 per sqft
1 Feb 2020RentedRenewal
AED 85,000/yr12 months · AED 63 per sqft
1 Feb 2019RentedNew contract
AED 85,000/yr12 months · AED 63 per sqft
15 Nov 2017RentedNew contract
AED 100,000/yr12 months · AED 74 per sqft
24 May 2017SoldOff-plan
AED 1,944,000AED 1,442 per sqft
31 Aug 2015Sold by developerOff-plan
AED 1,944,000AED 1,442 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
2-bed apartment
Size
1,348 sqft
Floor
5th of 8
Parking
B3-408
Developer
Dubai Wharf
Completed
2017
Service charge
AED 26,500 /yr
Last sold
AED 1.71M · April 2024

About 511, Dubai Wharf Tower 2

511 is a two-bedroom apartment of 1,348 sqft on the 5th floor of Dubai Wharf Tower 2, a 8-storey tower in Culture Village completed in 2017 by Dubai Wharf. It last sold on 1 April 2024 for AED 1,710,000, or AED 1,268 per sqft, 3% below the AED 1,310 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 1 August 2022, is AED 85,229 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 26,500 a year.

Sales and rents for 511 over time

Sales
Unit 511, each saleTypical two-bed in Dubai Wharf Tower 2
2M20152018202120242027Typical sale price by year: 2015 AED 2,492,500; 2016 AED 2,123,500; 2017 AED 2,062,000; 2018 AED 2,016,000; 2022 AED 1,375,000; 2023 AED 2,524,000; 2024 AED 2,017,500; 2025 AED 1,825,000; 2026 AED 2,337,500Sold by developer, August 2015: AED 1,944,000 (AED 1,442 per sqft)Sold, May 2017: AED 1,944,000 (AED 1,442 per sqft)Sold, April 2024: AED 1,710,000 (AED 1,268 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 Dubai Wharf Tower 2
100K2017202020232026Typical rent by year: 2017 AED 110,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 84,500; 2021 AED 80,000; 2022 AED 89,250; 2023 AED 95,000; 2024 AED 109,563; 2025 AED 117,750; 2026 AED 122,500New contract, November 2017: AED 100,000 a yearNew contract, February 2019: AED 85,000 a yearRenewal, February 2020: AED 85,000 a yearNew contract, December 2020: AED 65,000 a yearNew contract, August 2022: AED 85,229 a year

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

2-beds in Dubai Wharf Tower 2, and where 511 sits

All 48 2-beds →

511 last sold in April 2024 at AED 1,268 per sqft, 3% below what two-beds in Dubai Wharf Tower 2 were fetching at the time (AED 1,310). Over the last 12 months two-beds sold for AED 1,825,000 to 2,550,000, around AED 1,543 per sqft, and rent for AED 54,636 to 135,000 a year. 511's AED 85,229 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Oct 20262,200,000
28 Jul 20262,475,000
27 Feb 20262,550,000
19 Feb 20262,080,000
5 2-bed sales in the last 12 months

Dubai Wharf Tower 2

Building

187 apartments, studios to 3-bed over 8 floors in Culture Village, completed in 2017 by Dubai Wharf. 16 sold in the last 12 months.

Typical price per sqft
AED 1,389 Up 6.9%
Typical sale
AED 1.91M
Typical rent
AED 70K /yr
Typical yield
5.8%
Dubai Wharf Tower 2, Culture Village: prices, sales and rents →

Other units on the 5th floor

All 187 units in Dubai Wharf Tower 2
Value
5071-bedAED 1.45M · Aug 2018
5091-bedAED 1.45M · Jan 2016
5101-bedAED 1.44M · Jan 2017
5131-bedAED 2.2M · May 2023
516StudioAED 955K · Jul 2019
5171-bedAED 1.45M · Jul 2017
518StudioAED 750K · Jan 2017
1–7 of 25

511, Dubai Wharf Tower 2 in numbers

  • Sold 3 times: first on 31 August 2015 for AED 1,944,000, last on 1 April 2024 for AED 1,710,000 (AED 1,268 per sqft).
  • Rented since November 2017 on 5 Ejari contracts. The rent fell from AED 100,000 to AED 65,000 in 2020 and recovered to AED 85,229 by August 2022.
  • At AED 85,229 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 26,500 a year (AED 19.66 per sqft).
  • Two-beds in Dubai Wharf Tower 2 sold for AED 1,825,000–2,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,389 per sqft.

Source: Dubai Land Department. Updated 1 April 2024.

Questions about 511, Dubai Wharf Tower 2

What did unit 511 last sell for?

AED 1,710,000 on 1 April 2024: AED 1,268 per sqft for 1,348 sqft. The unit has 3 registered sales; the first was AED 1,944,000 in August 2015.

What is the rent for unit 511?

AED 85,229 a year on the contract signed on 1 August 2022. The previous contract, from December 2020, was AED 65,000; the unit has been rented since November 2017.

How big is unit 511?

1,348 sqft (125.2 sqm): a two-bedroom apartment on the 5th floor of a 8-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 Dubai Wharf Tower 2 sold for AED 1,825,000 to 2,550,000 in the last 12 months, around AED 1,543 per sqft.

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Mortgage on 511, Dubai Wharf Tower 2

Starts from the last sale price (AED 1.71M, 1 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,710,000
Deposit, UAE resident (20%)
AED 342,000
Deposit, non-resident (40%)
AED 684,000
Monthly over 25 years at 3.7%
AED 6,996

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