505, District One Residences 16
Sold prices and rental history: sold once, by the developer in February 2021, and rented once, from September 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, District One Residences 16
What is 505 worth today?
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Source: Dubai Land Department. Updated 22 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 785 sqft
- Floor
- 5th of 8
- Parking
- 1
- Developer
- District One
- Completed
- 2019
- Service charge
- AED 15,700 /yr
- Last sold
- AED 1.48M · February 2021
- Building
- District One Residences 16
About 505, District One Residences 16
505 is a one-bedroom apartment of 785 sqft on the 5th floor of District One Residences 16, a 8-storey tower in District One completed in 2019 by District One. The developer sold it on 8 February 2021 for AED 1,476,430, or AED 1,879 per sqft, 15% above the AED 1,634 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 22 September 2024. The current contract, signed on 22 September 2024, is AED 95,000 a year: a gross yield of 6.4% on the 2021 price, before the service charge of about AED 15,700 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in District One Residences 16, and where 505 sits
All 77 1-beds →505 last sold in February 2021 at AED 1,879 per sqft, 15% above what one-beds in District One Residences 16 were fetching at the time (AED 1,634). Over the last 12 months one-beds sold for AED 1,425,000 to 2,020,000, around AED 2,310 per sqft, and rent for AED 70,000 to 160,000 a year. 505's AED 95,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 745 sqft | 1,425,000 | 1,911 | ||
| 9 Jun 20269 June 2026 | 745 sqft | 2,020,000 | 2,709 | ||
| 29 May 202529 May 2025 | 776 sqft | 1,300,000 | 1,676 | ||
| 24 Jan 202524 January 2025 | 745 sqft | 1,620,000 | 2,173 |
District One Residences 16
Building95 apartments, 1-bed to 3-bed over 8 floors in District One, completed in 2019 by District One. 4 sold in the last 12 months.
- Typical price per sqft
- AED 2,049
- Typical sale
- AED 2M
- Typical rent
- AED 95K /yr
- Typical yield
- 5.9%
Other units on the 5th floor
All 95 units in District One Residences 16| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 763 sqft | AED 1.28MAED 1,282,292 · Apr 2020April 2020 | ||
| 502 | 1-bed | 760 sqft | AED 1.22MAED 1,223,837 · Nov 2019November 2019 | 100,000 /yr | |
| 503 | 1-bed | 760 sqft | AED 1.22MAED 1,223,664 · May 2020May 2020 | ||
| 504 | 1-bed | 745 sqft | AED 2.02MAED 2,020,000 · Jun 2026June 2026 | 80,000 /yr | |
| 506 | 3-bed | 1,728 sqft | AED 3.25MAED 3,250,000 · Jun 2022June 2022 | ||
| 507 | 2-bed | 1,272 sqft | AED 2.1MAED 2,096,059 · Jul 2018July 2018 | 225,000 /yr | |
| 508 | 1-bed | 741 sqft | AED 1.35MAED 1,350,000 · Jul 2022July 2022 | ||
| 509 | 1-bed | 745 sqft | AED 1.22MAED 1,224,169 · Jul 2018July 2018 | ||
| 510 | 1-bed | 752 sqft | AED 1.21MAED 1,210,440 · Sep 2018September 2018 | 75,000 /yr | |
| 511 | 1-bed | 737 sqft | AED 1.18MAED 1,181,607 · Jul 2018July 2018 | 95,000 /yr | |
| 512 | 1-bed | 766 sqft | AED 1.19MAED 1,187,296 · Jul 2018July 2018 | 95,000 /yr |
505, District One Residences 16 in numbers
- Sold once: by District One on 8 February 2021 for AED 1,476,430, or AED 1,879 per sqft.
- Rented since September 2024 on one Ejari contract, at AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2021 price is 6.4%, before a service charge of about AED 15,700 a year (AED 20.00 per sqft).
- One-beds in District One Residences 16 sold for AED 1,425,000–2,020,000 in the 12 months to November 2026; the building's median across all types is AED 2,049 per sqft.
Source: Dubai Land Department. Updated 22 September 2024.
Questions about 505, District One Residences 16
What did unit 505 last sell for?
AED 1,476,430 on 8 February 2021, sold by the developer: AED 1,879 per sqft for 785 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 95,000 a year on the contract signed on 22 September 2024.
How big is unit 505?
785 sqft (72.9 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2019.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in District One Residences 16 sold for AED 1,425,000 to 2,020,000 in the last 12 months, around AED 2,310 per sqft.
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Mortgage on 505, District One Residences 16
Starts from the last sale price (AED 1.48M, 8 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,476,430
- Deposit, UAE resident (20%)
- AED 295,286
- Deposit, non-resident (40%)
- AED 590,572
- Monthly over 25 years at 3.7%
- AED 6,041
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →