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Studio · 660 sqftDubai Wharf Tower 2, Culture Village · 5th floor · completed 2017

516, Dubai Wharf Tower 2

Sold prices and rental history: sold once, by the developer in July 2019, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 1 December 2020
Last soldAED 955K8 July 2019
Current rentAED 32K /yr1 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Dubai Wharf Tower 2

What is 516 worth today?

Last sold for AED 955,000 in 2019

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1 Dec 2020RentedNew contract
AED 32,000/yr12 months · AED 49 per sqft
17 Sep 2019RentedNew contract
AED 45,000/yr12 months · AED 69 per sqft
8 Jul 2019Sold by developerReady
AED 955,000AED 1,446 per sqft

Source: Dubai Land Department. Updated 1 December 2020.

Key facts

Type
Studio apartment
Size
660 sqft
Floor
5th of 8
Parking
B3-479
Developer
Dubai Wharf
Completed
2017
Service charge
AED 13,000 /yr
Last sold
AED 955K · July 2019
Building
Dubai Wharf Tower 2

About 516, Dubai Wharf Tower 2

516 is a studio of 660 sqft on the 5th floor of Dubai Wharf Tower 2, a 8-storey tower in Culture Village completed in 2017 by Dubai Wharf. The developer sold it on 8 July 2019 for AED 955,000, or AED 1,446 per sqft, in line with the AED 1,446 studios in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 December 2020, is AED 32,000 a year: a gross yield of 3.4% on the 2019 price, before the service charge of about AED 13,000 a year.

Sales and rents for 516 over time

Sales
Unit 516, each saleTypical studio in Dubai Wharf Tower 2
800K1M20152018202120242027Typical sale price by year: 2015 AED 980,000; 2016 AED 958,500; 2017 AED 972,500; 2018 AED 951,000; 2022 AED 680,000; 2024 AED 790,000; 2025 AED 860,000; 2026 AED 870,000Sold by developer, July 2019: AED 955,000 (AED 1,446 per sqft)

516 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 516, each contractTypical studio in Dubai Wharf Tower 2
40K60K2017202020232026Typical rent by year: 2017 AED 60,000; 2018 AED 58,000; 2019 AED 50,500; 2020 AED 41,000; 2021 AED 40,000; 2022 AED 41,000; 2023 AED 48,000; 2024 AED 54,000; 2025 AED 60,000; 2026 AED 58,378New contract, September 2019: AED 45,000 a yearNew contract, December 2020: AED 32,000 a year

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

Studios in Dubai Wharf Tower 2, and where 516 sits

All 76 studios →

516 last sold in July 2019 at AED 1,446 per sqft, in line with what studios in Dubai Wharf Tower 2 were fetching at the time (AED 1,446). Over the last 12 months studios sold for AED 800,000 to 3,500,000, around AED 1,312 per sqft, and rent for AED 47,000 to 73,500 a year. 516's AED 32,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
22 May 2026870,000
1 Apr 2026830,000
29 Jan 20261,408,999
27 Jan 20261,462,999
7 studio 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
5112-bedAED 1.71M · Apr 2024
5131-bedAED 2.2M · May 2023
5171-bedAED 1.45M · Jul 2017
518StudioAED 750K · Jan 2017
1–7 of 25

516, Dubai Wharf Tower 2 in numbers

  • Sold once: by Dubai Wharf on 8 July 2019 for AED 955,000, or AED 1,446 per sqft.
  • Rented since September 2019 on 2 Ejari contracts, from AED 45,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2019 price is 3.4%, before a service charge of about AED 13,000 a year (AED 19.66 per sqft).
  • Studios in Dubai Wharf Tower 2 sold for AED 800,000–3,500,000 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 December 2020.

Questions about 516, Dubai Wharf Tower 2

What did unit 516 last sell for?

AED 955,000 on 8 July 2019, sold by the developer: AED 1,446 per sqft for 660 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 32,000 a year on the contract signed on 1 December 2020. The previous contract, from September 2019, was AED 45,000.

How big is unit 516?

660 sqft (61.3 sqm): a studio on the 5th floor of a 8-storey tower completed in 2017.

What is unit 516 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Dubai Wharf Tower 2 sold for AED 800,000 to 3,500,000 in the last 12 months, around AED 1,312 per sqft.

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Mortgage on 516, Dubai Wharf Tower 2

Starts from the last sale price (AED 955K, 8 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 955,000
Deposit, UAE resident (20%)
AED 191,000
Deposit, non-resident (40%)
AED 382,000
Monthly over 25 years at 3.7%
AED 3,907

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