2-bed · 1,179 sqftSol Amber (Iris Amber), Culture Village · 4th floor

508, Sol Amber (Iris Amber)

Sold prices and rental history: sold once, by the developer in July 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 26 July 2024
Last soldAED 1.48M26 July 2024
Current rentAED 64K /yr10 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Sol Amber (Iris Amber)

What is 508 worth today?

Last sold for AED 1,478,888 in 2024

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26 Jul 2024Sold by developerReady
AED 1,478,888AED 1,253 per sqft
10 Oct 2022RentedRenewal
AED 64,000/yr12 months · AED 54 per sqft
10 Sep 2021RentedNew contract
AED 62,000/yr13 months · AED 53 per sqft
1 Sep 2020RentedNew contract
AED 75,000/yr12 months · AED 64 per sqft
1 Sep 2018RentedNew contract
AED 117,000/yr36 months · AED 99 per sqft

Source: Dubai Land Department. Updated 26 July 2024.

Key facts

Type
2-bed apartment
Size
1,179 sqft
Floor
4th of 8
Parking
B1-21
Last sold
AED 1.48M · July 2024

About 508, Sol Amber (Iris Amber)

508 is a two-bedroom apartment of 1,179 sqft on the 4th floor of Sol Amber (Iris Amber), a 8-storey tower in Culture Village. The developer sold it on 26 July 2024 for AED 1,478,888, or AED 1,253 per sqft, 3% below the AED 1,293 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 10 October 2022, is AED 64,000 a year: a gross yield of 4.3% on the 2024 price.

Sales and rents for 508 over time

Rents
Unit 508, each contractTypical two-bed in Sol Amber (Iris Amber)
75K100K125K2018202120242027Typical rent by year: 2018 AED 85,000; 2019 AED 77,500; 2020 AED 68,500; 2021 AED 62,500; 2022 AED 66,750; 2023 AED 71,842; 2024 AED 112,500; 2025 AED 117,000; 2026 AED 115,000New contract, September 2018: AED 117,000 a yearNew contract, September 2020: AED 75,000 a yearNew contract, September 2021: AED 62,000 a yearRenewal, October 2022: AED 64,000 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 Sol Amber (Iris Amber), and where 508 sits

All 22 2-beds →

508 last sold in July 2024 at AED 1,253 per sqft, 3% below what two-beds in Sol Amber (Iris Amber) were fetching at the time (AED 1,293). Over the last 12 months two-beds sold for AED 2,050,000, around AED 1,738 per sqft, and rent for AED 102,000 to 168,000 a year. 508's AED 64,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 May 20262,050,000
4 Nov 20241,725,777
9 Oct 20241,518,888
2 Sep 20241,408,888
1 2-bed sale in the last 12 months

Sol Amber (Iris Amber)

Building

95 apartments, studios to 2-bed over 8 floors in Culture Village. 6 sold in the last 12 months.

Typical price per sqft
AED 1,570
Typical sale
AED 1.08M
Typical rent
AED 76K /yr
Typical yield
6.2%
Sol Amber (Iris Amber), Culture Village: prices, sales and rents →

Other units on the 4th floor

All 95 units in Sol Amber (Iris Amber)
Value
5012-bedAED 1.54M · Aug 2024
5021-bedAED 800K · Sep 2025
5031-bedNo registered sale
5041-bedAED 1.07M · May 2024
5051-bedAED 853K · Mar 2024
5061-bedAED 939K · Aug 2024
5072-bedAED 1.41M · Sep 2024
1–7 of 10

508, Sol Amber (Iris Amber) in numbers

  • Sold once: by the developer on 26 July 2024 for AED 1,478,888, or AED 1,253 per sqft.
  • Rented since September 2018 on 4 Ejari contracts, from AED 117,000 to AED 64,000 a year.
  • At AED 64,000 a year the gross yield on the 2024 price is 4.3%.
  • Two-beds in Sol Amber (Iris Amber) sold for AED 2,050,000–2,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,570 per sqft.

Source: Dubai Land Department. Updated 26 July 2024.

Questions about 508, Sol Amber (Iris Amber)

What did unit 508 last sell for?

AED 1,478,888 on 26 July 2024, sold by the developer: AED 1,253 per sqft for 1,179 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 64,000 a year on the contract renewed on 10 October 2022. The previous contract, from September 2021, was AED 62,000; the unit has been rented since September 2018.

How big is unit 508?

1,179 sqft (109.5 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower.

What is unit 508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sol Amber (Iris Amber) sold for AED 2,050,000 to 2,050,000 in the last 12 months, around AED 1,738 per sqft.

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Mortgage on 508, Sol Amber (Iris Amber)

Starts from the last sale price (AED 1.48M, 26 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,478,888
Deposit, UAE resident (20%)
AED 295,778
Deposit, non-resident (40%)
AED 591,555
Monthly over 25 years at 3.7%
AED 6,051

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