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

B502A, Orchid B

Sold prices and rental history: sold twice, last in March 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B502A · DLD and Ejari recordsUpdated 16 March 2023
Last soldAED 1.63M16 March 2023
Current rentAED 85K /yr10 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B502A, Orchid B

What is B502A worth today?

Last sold for AED 1,625,000 in 2023

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16 Mar 2023SoldReady
AED 1,625,000AED 987 per sqft
25 Jul 2022Sold by developerReady
AED 1,372,000AED 833 per sqft
10 Dec 2020RentedRenewal
AED 85,000/yr12 months · AED 52 per sqft
10 Dec 2019RentedNew contract
AED 94,770/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 16 March 2023.

Key facts

Type
2-bed apartment
Size
1,646 sqft
Floor
5th of 8
Parking
UG-24
Developer
DAMAC
Completed
2018
Service charge
AED 24,200 /yr
Last sold
AED 1.63M · March 2023
Building
Orchid B

About B502A, Orchid B

B502A is a two-bedroom apartment of 1,646 sqft on the 5th floor of Orchid B, a 8-storey tower in Damac Hills completed in 2018 by DAMAC. It last sold on 16 March 2023 for AED 1,625,000, or AED 987 per sqft, 21% above the AED 817 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 10 December 2020, is AED 85,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 24,200 a year.

Sales and rents for B502A over time

Sales
Unit B502A, each saleTypical two-bed in Orchid B
1.4M1.6M2020202120222023Typical sale price by year: 2020 AED 1,415,675; 2021 AED 1,312,237; 2022 AED 1,376,440Sold by developer, July 2022: AED 1,372,000 (AED 833 per sqft)Sold, March 2023: AED 1,625,000 (AED 987 per sqft)

B502A has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit B502A, each contractTypical two-bed in Orchid B
100K150K20192021202320252027Typical rent by year: 2019 AED 97,384; 2020 AED 93,500; 2021 AED 94,787; 2022 AED 100,000; 2023 AED 107,500; 2024 AED 150,000; 2025 AED 140,000; 2026 AED 135,000New contract, December 2019: AED 94,770 a yearRenewal, December 2020: 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 B, and where B502A sits

All 19 2-beds →

B502A last sold in March 2023 at AED 987 per sqft, 21% above what two-beds in Orchid B were fetching at the time (AED 817). B502A's AED 85,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Jun 20252,350,000
22 Dec 20222,002,000
16 Aug 20222,041,340
26 Jul 20221,474,900
0 2-bed sales in the last 12 months

Orchid B

Building

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

Typical price per sqft
AED 1,143
Typical sale
AED 588K
Typical rent
AED 70K /yr
Typical yield
8.1%
Orchid B, Damac Hills: prices, sales and rents →

Other units on the 5th floor

All 84 units in Orchid B
Value
B501A1-bedAED 1.03M · Oct 2019
B501B1-bedAED 991K · Mar 2017
B502BStudioAED 500K · Dec 2024
B5031-bedAED 920K · Apr 2025
B504StudioAED 550K · Nov 2026
B505StudioAED 570K · Oct 2026
B506StudioAED 583K · Jun 2026
1–7 of 12

B502A, Orchid B in numbers

  • Sold twice: first on 25 July 2022 for AED 1,372,000, last on 16 March 2023 for AED 1,625,000 (AED 987 per sqft).
  • Rented since December 2019 on 2 Ejari contracts, from AED 94,770 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2023 price is 5.2%, before a service charge of about AED 24,200 a year (AED 14.68 per sqft).

Source: Dubai Land Department. Updated 16 March 2023.

Questions about B502A, Orchid B

What did unit B502A last sell for?

AED 1,625,000 on 16 March 2023: AED 987 per sqft for 1,646 sqft. The unit has 2 registered sales; the first was AED 1,372,000 in July 2022.

What is the rent for unit B502A?

AED 85,000 a year on the contract renewed on 10 December 2020. The previous contract, from December 2019, was AED 94,770.

How big is unit B502A?

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 B502A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on B502A, Orchid B

Starts from the last sale price (AED 1.63M, 16 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,000
Deposit, UAE resident (20%)
AED 325,000
Deposit, non-resident (40%)
AED 650,000
Monthly over 25 years at 3.7%
AED 6,648

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