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

B-506, Artesia Tower B

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

Unit B-506 · DLD and Ejari recordsUpdated 12 September 2024
Last soldAED 955K12 September 2024
Current rentAED 70K /yr28 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B-506, Artesia Tower B

What is B-506 worth today?

Last sold for AED 955,000 in 2024

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12 Sep 2024SoldReady
AED 955,000AED 1,016 per sqft
28 Apr 2023RentedNew contract
AED 70,000/yr12 months · AED 75 per sqft
20 Jan 2023RentedNew contract
AED 70,000/yr12 months · AED 75 per sqft
15 Sep 2022RentedNew contract
AED 70,000/yr12 months · AED 75 per sqft
3 Jul 2014Sold by developerOff-plan
AED 1,361,350AED 1,449 per sqft

Source: Dubai Land Department. Updated 12 September 2024.

Key facts

Type
1-bed hotel apartment
Size
939 sqft
Parking
P2-37
Developer
DAMAC
Completed
2021
Service charge
AED 20,600 /yr
Last sold
AED 955K · September 2024
Building
Artesia Tower B

About B-506, Artesia Tower B

B-506 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 12 September 2024 for AED 955,000, or AED 1,016 per sqft, in line with the AED 1,011 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 28 April 2023, is AED 70,000 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 20,600 a year.

Sales and rents for B-506 over time

Sales
Unit B-506, 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, July 2014: AED 1,361,350 (AED 1,449 per sqft)Sold, September 2024: AED 955,000 (AED 1,016 per sqft)

B-506 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit B-506, 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 70,000 a yearNew contract, January 2023: AED 70,000 a yearNew contract, April 2023: AED 70,000 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-506 sits

All 70 1-beds →

B-506 last sold in September 2024 at AED 1,016 per sqft, in line with what one-beds in Artesia Tower B were fetching at the time (AED 1,011). 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-506's AED 70,000 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-506, Artesia Tower B in numbers

  • Sold twice: first on 3 July 2014 for AED 1,361,350, last on 12 September 2024 for AED 955,000 (AED 1,016 per sqft).
  • Rented since September 2022 on 3 Ejari contracts, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2024 price is 7.3%, 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 12 September 2024.

Questions about B-506, Artesia Tower B

What did unit B-506 last sell for?

AED 955,000 on 12 September 2024: AED 1,016 per sqft for 939 sqft. The unit has 2 registered sales; the first was AED 1,361,350 in July 2014.

What is the rent for unit B-506?

AED 70,000 a year on the contract signed on 28 April 2023. The previous contract, from January 2023, was AED 70,000; the unit has been rented since September 2022.

How big is unit B-506?

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

What is unit B-506 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-506, Artesia Tower B

Starts from the last sale price (AED 955K, 12 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 955,000
Deposit, UAE resident (20%)
AED 191,000
Deposit, non-resident (40%)
AED 382,000
Monthly over 25 years at 3.7%
AED 3,907

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