2-bed · 720 sqftDubai Wharf Tower 3, Culture Village · 5th floor · completed 2016

502, Dubai Wharf Tower 3

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

Unit 502 · DLD and Ejari recordsUpdated 27 November 2024
Last soldAED 900K21 October 2024
Current rentAED 102K /yr27 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Dubai Wharf Tower 3

What is 502 worth today?

Last sold for AED 900,000 in 2024

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27 Nov 2024RentedNew contract
AED 102,000/yr14 months · AED 71 per sqft
21 Oct 2024SoldReady
AED 900,000AED 1,250 per sqft
27 Nov 2022RentedRenewal
AED 90,000/yr12 months · AED 62 per sqft
27 Nov 2021RentedRenewal
AED 90,000/yr12 months · AED 62 per sqft
27 Nov 2020RentedRenewal
AED 80,000/yr12 months · AED 55 per sqft
27 Nov 2019RentedRenewal
AED 90,000/yr12 months · AED 62 per sqft
27 Nov 2018RentedNew contract
AED 95,000/yr12 months · AED 66 per sqft
4 Aug 2018RentedNew contract
AED 95,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 27 November 2024.

Key facts

Type
2-bed apartment
Size
720 sqft
Floor
5th of 7
Parking
B3-563
Developer
Dubai Wharf
Completed
2016
Service charge
AED 14,100 /yr
Last sold
AED 900K · October 2024

About 502, Dubai Wharf Tower 3

502 is a two-bedroom apartment of 720 sqft on the 5th floor of Dubai Wharf Tower 3, a 7-storey tower in Culture Village completed in 2016 by Dubai Wharf. It last sold on 21 October 2024 for AED 900,000, or AED 1,250 per sqft, in line with the AED 1,214 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 27 November 2024, is AED 102,000 a year: a gross yield of 11.3% on the 2024 price, before the service charge of about AED 14,100 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Dubai Wharf Tower 3
1M2M2014201820222026Typical sale price by year: 2014 AED 1,788,000; 2015 AED 1,855,000; 2017 AED 1,259,500; 2023 AED 1,437,500; 2024 AED 1,700,000; 2025 AED 2,125,000; 2026 AED 2,325,000Sold by developer, December 2014: AED 1,788,000 (AED 1,242 per sqft)Sold, October 2024: AED 900,000 (AED 1,250 per sqft)

502 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 502, each contractTypical two-bed in Dubai Wharf Tower 3
75K100K125K2017202020232026Typical rent by year: 2017 AED 110,000; 2018 AED 95,000; 2019 AED 90,000; 2020 AED 80,000; 2021 AED 70,484; 2022 AED 80,000; 2023 AED 84,000; 2024 AED 100,000; 2025 AED 116,000; 2026 AED 115,000New contract, July 2017: AED 118,000 a yearNew contract, August 2018: AED 95,000 a yearNew contract, November 2018: AED 95,000 a yearRenewal, November 2019: AED 90,000 a yearRenewal, November 2020: AED 80,000 a yearRenewal, November 2021: AED 90,000 a yearRenewal, November 2022: AED 90,000 a yearNew contract, November 2024: AED 102,000 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 3, and where 502 sits

All 51 2-beds →

502 last sold in October 2024 at AED 1,250 per sqft, in line with what two-beds in Dubai Wharf Tower 3 were fetching at the time (AED 1,214). Over the last 12 months two-beds sold for AED 2,285,000 to 2,600,000, around AED 973 per sqft, and rent for AED 68,000 to 145,000 a year. 502's AED 102,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 May 20262,600,000
15 Jan 20262,325,000
12 Jan 20262,285,000
28 Jul 20252,225,000
3 2-bed sales in the last 12 months

Dubai Wharf Tower 3

Building

119 apartments, 1-bed to 3-bed over 7 floors in Culture Village, completed in 2016 by Dubai Wharf. 4 sold in the last 12 months.

Typical price per sqft
AED 1,216
Typical sale
AED 2.31M
Typical rent
AED 98K /yr
Typical yield
6.4%
Dubai Wharf Tower 3, Culture Village: prices, sales and rents →

Other units on the 5th floor

All 119 units in Dubai Wharf Tower 3
Value
5013-bedAED 3.69M · Jan 2016
5032-bedAED 890K · Mar 2017
5041-bedAED 810K · Jun 2022
5051-bedAED 1.74M · May 2015
5061-bedAED 1.12M · Dec 2014
5071-bedAED 1.39M · Dec 2014
5081-bedAED 1.52M · Dec 2014
1–7 of 20

502, Dubai Wharf Tower 3 in numbers

  • Sold twice: first on 9 December 2014 for AED 1,788,000, last on 21 October 2024 for AED 900,000 (AED 1,250 per sqft).
  • Rented since July 2017 on 8 Ejari contracts. The rent fell from AED 118,000 to AED 80,000 in 2020 and recovered to AED 102,000 by November 2024.
  • At AED 102,000 a year the gross yield on the 2024 price is 11.3%, before a service charge of about AED 14,100 a year (AED 19.66 per sqft).
  • Two-beds in Dubai Wharf Tower 3 sold for AED 2,285,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,216 per sqft.

Source: Dubai Land Department. Updated 27 November 2024.

Questions about 502, Dubai Wharf Tower 3

What did unit 502 last sell for?

AED 900,000 on 21 October 2024: AED 1,250 per sqft for 720 sqft. The unit has 2 registered sales; the first was AED 1,788,000 in December 2014.

What is the rent for unit 502?

AED 102,000 a year on the contract signed on 27 November 2024. The previous contract, from November 2022, was AED 90,000; the unit has been rented since July 2017.

How big is unit 502?

720 sqft (66.9 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2016.

What is unit 502 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 3 sold for AED 2,285,000 to 2,600,000 in the last 12 months, around AED 973 per sqft.

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Mortgage on 502, Dubai Wharf Tower 3

Starts from the last sale price (AED 900K, 21 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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