2-bed · 1,555 sqftGrenland Residence, District Eleven · 5th floor · completed 2021

508, Grenland Residence

Sold prices and rental history: sold twice, last in November 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 15 November 2022
Last soldAED 1.1M15 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Grenland Residence

What is 508 worth today?

Last sold for AED 1,100,000 in 2022

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15 Nov 2022SoldReady
AED 1,100,000AED 707 per sqft
17 Feb 2022Sold by developerReady
AED 230,781AED 741 per sqft

Source: Dubai Land Department. Updated 15 November 2022.

Key facts

Type
2-bed apartment
Size
1,555 sqft
Floor
5th of 5
Parking
B-32
Developer
Arloid Real Estate Development
Completed
2021
Service charge
AED 19,300 /yr
Last sold
AED 1.1M · November 2022

About 508, Grenland Residence

508 is a two-bedroom apartment of 1,555 sqft on the 5th floor of Grenland Residence, a 5-storey tower in District Eleven completed in 2021 by Arloid Real Estate Development . It last sold on 15 November 2022 for AED 1,100,000, or AED 707 per sqft, 4% below the AED 736 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical two-bed in Grenland Residence
01M2M2021202320252027Typical sale price by year: 2021 AED 1,236,110; 2022 AED 1,040,000; 2023 AED 1,210,000; 2024 AED 1,500,000; 2026 AED 1,775,000Sold by developer, February 2022: AED 230,781 (AED 741 per sqft)Sold, November 2022: AED 1,100,000 (AED 707 per sqft)

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

Rents
Unit 508, each contractTypical two-bed in Grenland Residence
100K120K2021202320252027Typical rent by year: 2021 AED 91,500; 2022 AED 87,000; 2023 AED 104,500; 2024 AED 107,363; 2025 AED 117,500; 2026 AED 110,000

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

2-beds in Grenland Residence, and where 508 sits

All 40 2-beds →

508 last sold in November 2022 at AED 707 per sqft, 4% below what two-beds in Grenland Residence were fetching at the time (AED 736). Over the last 12 months two-beds sold for AED 1,480,000 to 1,875,000, around AED 1,243 per sqft, and rent for AED 89,000 to 130,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Oct 20261,480,000
29 Apr 20261,800,000
13 Feb 20261,750,000
12 Feb 20261,875,000
4 2-bed sales in the last 12 months

Grenland Residence

Building

58 apartments, 1-bed to 3-bed over 5 floors in District Eleven, completed in 2021 by Arloid Real Estate Development . 4 sold in the last 12 months.

Typical price per sqft
AED 1,243
Typical sale
AED 1.78M
Typical rent
AED 110K /yr
Typical yield
5.6%
Grenland Residence, District Eleven: prices, sales and rents →

Other units on the 5th floor

All 58 units in Grenland Residence
Value
5012-bedAED 1.18M · Oct 2021
5023-bedAED 1.67M · Oct 2022
5031-bedAED 692K · Jul 2022
5042-bedAED 1.18M · Apr 2022
5051-bedAED 1.15M · Mar 2018
5062-bedAED 1.8M · Apr 2026
5072-bedAED 1.15M · Sep 2022
1–7 of 10

508, Grenland Residence in numbers

  • Sold twice: first on 17 February 2022 for AED 230,781, last on 15 November 2022 for AED 1,100,000 (AED 707 per sqft).
  • Two-beds in Grenland Residence sold for AED 1,480,000–1,875,000 in the 12 months to November 2026; the building's median across all types is AED 1,243 per sqft.

Source: Dubai Land Department. Updated 15 November 2022.

Questions about 508, Grenland Residence

What did unit 508 last sell for?

AED 1,100,000 on 15 November 2022: AED 707 per sqft for 1,555 sqft. The unit has 2 registered sales; the first was AED 230,781 in February 2022.

How big is unit 508?

1,555 sqft (144.5 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2021.

What is unit 508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Grenland Residence sold for AED 1,480,000 to 1,875,000 in the last 12 months, around AED 1,243 per sqft.

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Mortgage on 508, Grenland Residence

Starts from the last sale price (AED 1.1M, 15 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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