1-bed · 939 sqftArtesia Tower B, Damac Hills · completed 2021

B-1506, Artesia Tower B

Sold prices and rental history: sold twice, last in December 2024, and rented once, from September 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B-1506 · DLD and Ejari recordsUpdated 16 December 2024
Last soldAED 1M16 December 2024
Current rentAED 65K /yr10 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B-1506, Artesia Tower B

What is B-1506 worth today?

Last sold for AED 1,000,000 in 2024

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16 Dec 2024SoldReady
AED 1,000,000AED 1,064 per sqft
10 Sep 2022RentedNew contract
AED 65,000/yr12 months · AED 69 per sqft
2 Nov 2014Sold by developerOff-plan
AED 1,391,750AED 1,481 per sqft

Source: Dubai Land Department. Updated 16 December 2024.

Key facts

Type
1-bed hotel apartment
Size
939 sqft
Parking
P1-167
Developer
DAMAC
Completed
2021
Service charge
AED 20,600 /yr
Last sold
AED 1M · December 2024

About B-1506, Artesia Tower B

B-1506 is a one-bedroom hotel apartment of 939 sqft of Artesia Tower B, a 23-storey tower in Damac Hills completed in 2021 by DAMAC. It last sold on 16 December 2024 for AED 1,000,000, or AED 1,064 per sqft, 6% above the AED 1,000 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 September 2022. The current contract, signed on 10 September 2022, is AED 65,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 20,600 a year.

Sales and rents for B-1506 over time

Sales
Unit B-1506, each saleTypical one-bed in Artesia Tower B
1M1.25M2014201820222026Typical sale price by year: 2014 AED 1,367,050; 2015 AED 1,400,000; 2019 AED 1,095,125; 2020 AED 1,100,800; 2022 AED 1,031,000; 2023 AED 980,000; 2024 AED 930,000; 2025 AED 1,080,000; 2026 AED 990,000Sold by developer, November 2014: AED 1,391,750 (AED 1,481 per sqft)Sold, December 2024: AED 1,000,000 (AED 1,064 per sqft)

B-1506 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit B-1506, each contractTypical one-bed in Artesia Tower B
70K80K2021202320252027Typical rent by year: 2021 AED 64,500; 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 80,000; 2026 AED 75,000New contract, September 2022: AED 65,000 a year

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

1-beds in Artesia Tower B, and where B-1506 sits

All 70 1-beds →

B-1506 last sold in December 2024 at AED 1,064 per sqft, 6% above what one-beds in Artesia Tower B were fetching at the time (AED 1,000). Over the last 12 months one-beds sold for AED 950,000 to 1,200,000, around AED 1,201 per sqft, and rent for AED 60,000 to 86,767 a year. B-1506's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Jul 20261,025,000
27 Apr 2026950,000
31 Mar 20261,070,000
15 Jan 2026990,000
6 1-bed sales in the last 12 months

Artesia Tower B

Building

30 apartments, studios to 3-bed over 23 floors in Damac Hills, completed in 2021 by DAMAC. 14 sold in the last 12 months.

Typical price per sqft
AED 1,201 Level
Typical sale
AED 1.05M
Typical rent
AED 70K /yr
Typical yield
7.6%
Artesia Tower B, Damac Hills: prices, sales and rents →

B-1506, Artesia Tower B in numbers

  • Sold twice: first on 2 November 2014 for AED 1,391,750, last on 16 December 2024 for AED 1,000,000 (AED 1,064 per sqft).
  • Rented since September 2022 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 20,600 a year (AED 21.96 per sqft).
  • One-beds in Artesia Tower B sold for AED 950,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,201 per sqft.

Source: Dubai Land Department. Updated 16 December 2024.

Questions about B-1506, Artesia Tower B

What did unit B-1506 last sell for?

AED 1,000,000 on 16 December 2024: AED 1,064 per sqft for 939 sqft. The unit has 2 registered sales; the first was AED 1,391,750 in November 2014.

What is the rent for unit B-1506?

AED 65,000 a year on the contract signed on 10 September 2022.

How big is unit B-1506?

939 sqft (87.2 sqm): a one-bedroom hotel apartment of a 23-storey tower completed in 2021.

What is unit B-1506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Artesia Tower B sold for AED 950,000 to 1,200,000 in the last 12 months, around AED 1,201 per sqft.

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Mortgage on B-1506, Artesia Tower B

Starts from the last sale price (AED 1M, 16 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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