B-501, Artesia Tower B
Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for B-501, Artesia Tower B
What is B-501 worth today?
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Source: Dubai Land Department. Updated 24 December 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 472 sqft
- Parking
- P2-292
- Developer
- DAMAC
- Completed
- 2021
- Service charge
- AED 10,400 /yr
- Last sold
- AED 784K · August 2014
- Building
- Artesia Tower B
About B-501, Artesia Tower B
B-501 is a studio of 472 sqft of Artesia Tower B, a 23-storey tower in Damac Hills completed in 2021 by DAMAC. The developer sold it on 21 August 2014 for AED 783,750, or AED 1,659 per sqft, 5% above the AED 1,573 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 24 December 2024, is AED 48,000 a year: a gross yield of 6.1% on the 2014 price, before the service charge of about AED 10,400 a year.
Sales and rents for B-501 over time
B-501 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Artesia Tower B, and where B-501 sits
All 78 studios →B-501 last sold in August 2014 at AED 1,659 per sqft, 5% above what studios in Artesia Tower B were fetching at the time (AED 1,573). Over the last 12 months studios sold for AED 560,000 to 610,000, around AED 1,231 per sqft, and rent for AED 36,000 to 63,000 a year. B-501's AED 48,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Oct 202627 October 2026 | 463 sqft | 570,000 | 1,231 | ||
| 27 Mar 202627 March 2026 | 475 sqft | 560,000 | 1,177 | ||
| 23 Feb 202623 February 2026 | 463 sqft | 610,000 | 1,317 | ||
| 23 Jun 202523 June 2025 | 473 sqft | 760,000 | 1,605 |
Artesia Tower B
Building30 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%
B-501, Artesia Tower B in numbers
- Sold once: by DAMAC on 21 August 2014 for AED 783,750, or AED 1,659 per sqft.
- Rented since October 2022 on 4 Ejari contracts. The rent fell from AED 46,800 to AED 40,000 in 2024 and recovered to AED 48,000 by December 2024.
- At AED 48,000 a year the gross yield on the 2014 price is 6.1%, before a service charge of about AED 10,400 a year (AED 21.96 per sqft).
- Studios in Artesia Tower B sold for AED 560,000–610,000 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 24 December 2024.
Questions about B-501, Artesia Tower B
What did unit B-501 last sell for?
AED 783,750 on 21 August 2014, sold by the developer: AED 1,659 per sqft for 472 sqft. It is the only registered sale of the unit.
What is the rent for unit B-501?
AED 48,000 a year on the contract signed on 24 December 2024. The previous contract, from February 2024, was AED 40,000; the unit has been rented since October 2022.
How big is unit B-501?
472 sqft (43.9 sqm): a studio of a 23-storey tower completed in 2021.
What is unit B-501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Artesia Tower B sold for AED 560,000 to 610,000 in the last 12 months, around AED 1,231 per sqft.
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Mortgage on B-501, Artesia Tower B
Starts from the last sale price (AED 784K, 21 August 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 783,750
- Deposit, UAE resident (20%)
- AED 156,750
- Deposit, non-resident (40%)
- AED 313,500
- Monthly over 25 years at 3.7%
- AED 3,207
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →