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

515, Viridis Residences B

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

Unit 515 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 360K26 January 2024
Current rentAED 36K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 515, Viridis Residences B

What is 515 worth today?

Last sold for AED 360,000 in 2024

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1 Nov 2024RentedNew contract
AED 36,000/yr12 months · AED 96 per sqft
26 Jan 2024SoldReady
AED 360,000AED 954 per sqft
13 Feb 2023Sold by developerReady
AED 309,430AED 820 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
Studio hotel apartment
Size
377 sqft
Floor
5th of 14
Parking
P1-435
Developer
DAMAC
Completed
2023
Last sold
AED 360K · January 2024

About 515, Viridis Residences B

515 is a studio of 377 sqft on the 5th floor of Viridis Residences B, a 14-storey tower in Damac Hills 2 completed in 2023 by DAMAC. It last sold on 26 January 2024 for AED 360,000, or AED 954 per sqft, 13% above the AED 846 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2024. The current contract, signed on 1 November 2024, is AED 36,000 a year: a gross yield of 10.0% on the 2024 price.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical studio in Viridis Residences B
300K400K500K20152018202120242027Typical sale price by year: 2015 AED 504,900; 2016 AED 523,488; 2018 AED 474,825; 2022 AED 334,910; 2023 AED 361,500; 2024 AED 386,500; 2025 AED 432,558; 2026 AED 470,000Sold by developer, February 2023: AED 309,430 (AED 820 per sqft)Sold, January 2024: AED 360,000 (AED 954 per sqft)

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

Rents
Unit 515, each contractTypical studio in Viridis Residences B
35K40K20232024202520262027Typical rent by year: 2023 AED 32,500; 2024 AED 36,000; 2025 AED 40,000; 2026 AED 39,000New contract, November 2024: AED 36,000 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 B, and where 515 sits

All 146 studios →

515 last sold in January 2024 at AED 954 per sqft, 13% above what studios in Viridis Residences B were fetching at the time (AED 846). Over the last 12 months studios sold for AED 350,000 to 654,615, around AED 1,119 per sqft, and rent for AED 25,000 to 60,000 a year. 515's AED 36,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Nov 2026350,000
24 Oct 2026426,000
25 Aug 2026495,439
24 Aug 2026425,000
18 studio sales in the last 12 months

Viridis Residences B

Building

213 apartments, studios to 2-bed over 14 floors in Damac Hills 2, completed in 2023 by DAMAC. 23 sold in the last 12 months.

Typical price per sqft
AED 1,111 Up 12.2%
Typical sale
AED 470K
Typical rent
AED 40K /yr
Typical yield
7.8%
Viridis Residences B, Damac Hills 2: prices, sales and rents →

Other units on the 5th floor

All 213 units in Viridis Residences B
Value
5012-bedAED 798K · May 2023
502StudioAED 464K · Jul 2023
503StudioAED 532K · Oct 2015
504StudioAED 481K · Nov 2015
505StudioAED 415K · Jan 2025
506StudioAED 375K · Jun 2024
507StudioAED 534K · Apr 2016
1–7 of 16

515, Viridis Residences B in numbers

  • Sold twice: first on 13 February 2023 for AED 309,430, last on 26 January 2024 for AED 360,000 (AED 954 per sqft).
  • Rented since November 2024 on one Ejari contract, at AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2024 price is 10.0%.
  • Studios in Viridis Residences B sold for AED 350,000–654,615 in the 12 months to November 2026; the building's median across all types is AED 1,111 per sqft.

Source: Dubai Land Department. Updated 1 November 2024.

Questions about 515, Viridis Residences B

What did unit 515 last sell for?

AED 360,000 on 26 January 2024: AED 954 per sqft for 377 sqft. The unit has 2 registered sales; the first was AED 309,430 in February 2023.

What is the rent for unit 515?

AED 36,000 a year on the contract signed on 1 November 2024.

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 B sold for AED 350,000 to 654,615 in the last 12 months, around AED 1,119 per sqft.

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Mortgage on 515, Viridis Residences B

Starts from the last sale price (AED 360K, 26 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 360,000
Deposit, UAE resident (20%)
AED 72,000
Deposit, non-resident (40%)
AED 144,000
Monthly over 25 years at 3.7%
AED 1,473

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