Studio · 377 sqftViridis Residences A, Damac Hills 2 · 5th floor · completed 2023

515, Viridis Residences A

Sold prices and rental history: sold 3 times, last in August 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 23 August 2024
Last soldAED 420K23 August 2024
Current rentAED 56K /yr15 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 515, Viridis Residences A

What is 515 worth today?

Last sold for AED 420,000 in 2024

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23 Aug 2024SoldReady
AED 420,000AED 1,113 per sqft
15 Nov 2023RentedNew contract
AED 56,000/yr6 months · AED 149 per sqft
25 Oct 2023SoldReady
AED 350,000AED 928 per sqft
5 Jun 2023RentedNew contract
AED 32,000/yr12 months · AED 85 per sqft
8 Feb 2023Sold by developerReady
AED 299,860AED 795 per sqft

Source: Dubai Land Department. Updated 23 August 2024.

Key facts

Type
Studio hotel apartment
Size
377 sqft
Floor
5th of 14
Parking
P1-415
Developer
DAMAC
Completed
2023
Last sold
AED 420K · August 2024

About 515, Viridis Residences A

515 is a studio of 377 sqft on the 5th floor of Viridis Residences A, a 14-storey tower in Damac Hills 2 completed in 2023 by DAMAC. It last sold on 23 August 2024 for AED 420,000, or AED 1,113 per sqft, 21% above the AED 922 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 15 November 2023, is AED 56,000 a year: a gross yield of 13.3% on the 2024 price.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical studio in Viridis Residences A
400K20152018202120242027Typical sale price by year: 2015 AED 531,625; 2016 AED 532,950; 2017 AED 483,000; 2022 AED 357,000; 2023 AED 360,000; 2024 AED 395,000; 2025 AED 437,500; 2026 AED 445,900Sold by developer, February 2023: AED 299,860 (AED 795 per sqft)Sold, October 2023: AED 350,000 (AED 928 per sqft)Sold, August 2024: AED 420,000 (AED 1,113 per sqft)

515 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 515, each contractTypical studio in Viridis Residences A
40K60K20232024202520262027Typical rent by year: 2023 AED 32,000; 2024 AED 36,000; 2025 AED 40,000; 2026 AED 37,000New contract, June 2023: AED 32,000 a yearNew contract, November 2023: AED 56,000 a year

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

Studios in Viridis Residences A, and where 515 sits

All 155 studios →

515 last sold in August 2024 at AED 1,113 per sqft, 21% above what studios in Viridis Residences A were fetching at the time (AED 922). Over the last 12 months studios sold for AED 380,000 to 540,000, around AED 1,067 per sqft, and rent for AED 30,000 to 55,000 a year. 515's AED 56,000 is at the top of that range.

Recent studio salesUnit no.Price (AED)Summary
12 Oct 2026458,004
12 Aug 2026445,900
20 Jun 2026410,000
9 Jun 2026400,000
10 studio sales in the last 12 months

Viridis Residences A

Building

220 apartments, studios to 2-bed over 14 floors in Damac Hills 2, completed in 2023 by DAMAC. 14 sold in the last 12 months.

Typical price per sqft
AED 1,009 Down 1.4%
Typical sale
AED 454K
Typical rent
AED 40K /yr
Typical yield
8.5%
Viridis Residences A, Damac Hills 2: prices, sales and rents →

Other units on the 5th floor

All 220 units in Viridis Residences A
Value
5012-bedAED 774K · Apr 2023
502StudioAED 473K · May 2023
503StudioAED 513K · Jul 2016
504StudioAED 353K · Jul 2023
505StudioAED 430K · Sep 2025
506StudioAED 523K · Jan 2016
507StudioAED 212K · Jul 2024
1–7 of 17

515, Viridis Residences A in numbers

  • Sold 3 times: first on 8 February 2023 for AED 299,860, last on 23 August 2024 for AED 420,000 (AED 1,113 per sqft).
  • Rented since June 2023 on 2 Ejari contracts, from AED 32,000 to AED 56,000 a year.
  • At AED 56,000 a year the gross yield on the 2024 price is 13.3%.
  • Studios in Viridis Residences A sold for AED 380,000–540,000 in the 12 months to November 2026; the building's median across all types is AED 1,009 per sqft.

Source: Dubai Land Department. Updated 23 August 2024.

Questions about 515, Viridis Residences A

What did unit 515 last sell for?

AED 420,000 on 23 August 2024: AED 1,113 per sqft for 377 sqft. The unit has 3 registered sales; the first was AED 299,860 in February 2023.

What is the rent for unit 515?

AED 56,000 a year on the contract signed on 15 November 2023. The previous contract, from June 2023, was AED 32,000.

How big is unit 515?

377 sqft (35.0 sqm): a studio on the 5th floor of a 14-storey tower completed in 2023.

What is unit 515 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Viridis Residences A sold for AED 380,000 to 540,000 in the last 12 months, around AED 1,067 per sqft.

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Mortgage on 515, Viridis Residences A

Starts from the last sale price (AED 420K, 23 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 420,000
Deposit, UAE resident (20%)
AED 84,000
Deposit, non-resident (40%)
AED 168,000
Monthly over 25 years at 3.7%
AED 1,718

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