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2-bed · 1,646 sqftOrchid A, Damac Hills · 5th floor · completed 2018

A502A, Orchid A

Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A502A · DLD and Ejari recordsUpdated 16 August 2024
Last soldAED 2.15M16 August 2024
Current rentAED 85K /yr16 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A502A, Orchid A

What is A502A worth today?

Last sold for AED 2,150,000 in 2024

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16 Aug 2024SoldReady
AED 2,150,000AED 1,306 per sqft
16 Jun 2023RentedNew contract
AED 85,000/yr12 months · AED 52 per sqft
16 Jun 2022RentedNew contract
AED 85,000/yr12 months · AED 52 per sqft
15 Jun 2021RentedNew contract
AED 85,000/yr12 months · AED 52 per sqft
26 May 2019RentedNew contract
AED 83,000/yr25 months · AED 50 per sqft
30 Apr 2014Sold by developerOff-plan
AED 2,312,300AED 1,404 per sqft

Source: Dubai Land Department. Updated 16 August 2024.

Key facts

Type
2-bed apartment
Size
1,646 sqft
Floor
5th of 8
Parking
UG-11
Developer
DAMAC
Completed
2018
Service charge
AED 24,200 /yr
Last sold
AED 2.15M · August 2024
Building
Orchid A

About A502A, Orchid A

A502A is a two-bedroom apartment of 1,646 sqft on the 5th floor of Orchid A, a 8-storey tower in Damac Hills completed in 2018 by DAMAC. It last sold on 16 August 2024 for AED 2,150,000, or AED 1,306 per sqft.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 16 June 2023, is AED 85,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 24,200 a year.

Sales and rents for A502A over time

Sales
Unit A502A, each saleTypical two-bed in Orchid A
1.5M2M20142017202020232026Typical sale price by year: 2014 AED 1,962,200; 2021 AED 1,270,000; 2022 AED 1,562,000; 2025 AED 2,200,000Sold by developer, April 2014: AED 2,312,300 (AED 1,404 per sqft)Sold, August 2024: AED 2,150,000 (AED 1,306 per sqft)

A502A has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit A502A, each contractTypical two-bed in Orchid A
75K100K125K20192021202320252027Typical rent by year: 2019 AED 92,825; 2020 AED 96,000; 2021 AED 98,000; 2022 AED 83,500; 2023 AED 85,550; 2024 AED 110,000; 2025 AED 120,000; 2026 AED 134,000New contract, May 2019: AED 83,000 a yearNew contract, June 2021: AED 85,000 a yearNew contract, June 2022: AED 85,000 a yearNew contract, June 2023: AED 85,000 a year

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

2-beds in Orchid A, and where A502A sits

All 19 2-beds →

Over the last 12 months two-beds sold for AED 2,250,000 to 2,650,000, around AED 1,249 per sqft, and rent for AED 120,000 to 180,000 a year. A502A's AED 85,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Oct 20262,250,000
6 Mar 20262,650,000
28 Oct 20252,200,000
15 Oct 20252,220,000
2 2-bed sales in the last 12 months

Orchid A

Building

84 apartments, studios to 3-bed over 8 floors in Damac Hills, completed in 2018 by DAMAC. 4 sold in the last 12 months.

Typical price per sqft
AED 1,300
Typical sale
AED 1.72M
Typical rent
AED 70K /yr
Typical yield
6.5%
Orchid A, Damac Hills: prices, sales and rents →

Other units on the 5th floor

All 84 units in Orchid A
Value
A501A1-bedAED 1.19M · Jan 2023
A501B1-bedAED 861K · Apr 2016
A502BStudioAED 750K · Mar 2025
A5031-bedAED 1.04M · Apr 2014
A504StudioAED 610K · Oct 2023
A505StudioAED 693K · Jun 2017
A506StudioAED 774K · Jun 2014
1–7 of 12

A502A, Orchid A in numbers

  • Sold twice: first on 30 April 2014 for AED 2,312,300, last on 16 August 2024 for AED 2,150,000 (AED 1,306 per sqft).
  • Rented since May 2019 on 4 Ejari contracts, from AED 83,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 24,200 a year (AED 14.68 per sqft).
  • Two-beds in Orchid A sold for AED 2,250,000–2,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,300 per sqft.

Source: Dubai Land Department. Updated 16 August 2024.

Questions about A502A, Orchid A

What did unit A502A last sell for?

AED 2,150,000 on 16 August 2024: AED 1,306 per sqft for 1,646 sqft. The unit has 2 registered sales; the first was AED 2,312,300 in April 2014.

What is the rent for unit A502A?

AED 85,000 a year on the contract signed on 16 June 2023. The previous contract, from June 2022, was AED 85,000; the unit has been rented since May 2019.

How big is unit A502A?

1,646 sqft (152.9 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2018.

What is unit A502A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Orchid A sold for AED 2,250,000 to 2,650,000 in the last 12 months, around AED 1,249 per sqft.

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Mortgage on A502A, Orchid A

Starts from the last sale price (AED 2.15M, 16 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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