506, 29 Burj Boulevard Tower 1
Sold prices and rental history: sold 4 times, last in March 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, 29 Burj Boulevard Tower 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 15 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 615 sqft
- Floor
- 5th of 42
- Parking
- B1-157
- Developer
- Emaar
- Completed
- 2013
- Service charge
- AED 12,000 /yr
- Last sold
- AED 750K · March 2021
- Building
- 29 Burj Boulevard Tower 1
About 506, 29 Burj Boulevard Tower 1
506 is a two-bedroom apartment of 615 sqft on the 5th floor of 29 Burj Boulevard Tower 1, a 42-storey tower in Downtown Dubai completed in 2013 by Emaar. It last sold on 14 March 2021 for AED 750,000, or AED 1,218 per sqft, in line with the AED 1,235 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 15 April 2024, is AED 94,164 a year: a gross yield of 12.6% on the 2021 price, before the service charge of about AED 12,000 a year.
Sales and rents for 506 over time
506 has sold 4 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in 29 Burj Boulevard Tower 1, and where 506 sits
All 132 2-beds →506 last sold in March 2021 at AED 1,218 per sqft, in line with what two-beds in 29 Burj Boulevard Tower 1 were fetching at the time (AED 1,235). Over the last 12 months two-beds sold for AED 2,247,206 to 4,200,000, around AED 2,397 per sqft, and rent for AED 110,000 to 330,000 a year. 506's AED 94,164 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Sep 20261 September 2026 | 1,487 sqft | 3,000,000 | 2,017 | ||
| 1 Sep 20261 September 2026 | 1,174 sqft | 2,915,000 | 2,483 | ||
| 27 Jul 202627 July 2026 | 1,231 sqft | 35,605 | 28 | ||
| 6 Jul 20266 July 2026 | 1,231 sqft | 2,850,000 | 2,316 |
29 Burj Boulevard Tower 1
Building319 apartments, studios to 3-bed over 42 floors in Downtown Dubai, completed in 2013 by Emaar. 30 sold in the last 12 months.
- Typical price per sqft
- AED 2,324 Down 4.3%
- Typical sale
- AED 2.18M
- Typical rent
- AED 120K /yr
- Typical yield
- 5.7%
Other units on the 5th floor
All 319 units in 29 Burj Boulevard Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 782 sqft | AED 1.94MAED 1,935,000 · Aug 2014August 2014 | 100,000 /yr | |
| 502 | 1-bed | 848 sqft | AED 38KAED 38,023 · Jul 2026July 2026 | 100,000 /yr | |
| 503 | 2-bed | 1,080 sqft | AED 1.43MAED 1,430,000 · Nov 2018November 2018 | ||
| 504 | 1-bed | 838 sqft | AED 1.3MAED 1,300,000 · Aug 2018August 2018 | 62,000 /yr | |
| 505 | 2-bed | 1,401 sqft | AED 3.42MAED 3,416,888 · Jun 2014June 2014 | 155,000 /yr | |
| 507 | 2-bed | 1,174 sqft | AED 3.4MAED 3,400,000 · Feb 2026February 2026 | 98,000 /yr | |
| 508 | 2-bed | 1,155 sqft | AED 3.05MAED 3,050,000 · Jan 2015January 2015 | 125,000 /yr |
506, 29 Burj Boulevard Tower 1 in numbers
- Sold 4 times: first on 29 June 2010 for AED 2,455,888, last on 14 March 2021 for AED 750,000 (AED 1,218 per sqft).
- Rented since October 2013 on 7 Ejari contracts, from AED 65,000 to AED 94,164 a year.
- At AED 94,164 a year the gross yield on the 2021 price is 12.6%, before a service charge of about AED 12,000 a year (AED 19.50 per sqft).
- Two-beds in 29 Burj Boulevard Tower 1 sold for AED 2,247,206–4,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,324 per sqft.
Source: Dubai Land Department. Updated 15 April 2024.
Questions about 506, 29 Burj Boulevard Tower 1
What did unit 506 last sell for?
AED 750,000 on 14 March 2021: AED 1,218 per sqft for 615 sqft. The unit has 4 registered sales; the first was AED 2,455,888 in June 2010.
What is the rent for unit 506?
AED 94,164 a year on the contract renewed on 15 April 2024. The previous contract, from April 2023, was AED 78,000; the unit has been rented since October 2013.
How big is unit 506?
615 sqft (57.1 sqm): a two-bedroom apartment on the 5th floor of a 42-storey tower completed in 2013.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 29 Burj Boulevard Tower 1 sold for AED 2,247,206 to 4,200,000 in the last 12 months, around AED 2,397 per sqft.
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Mortgage on 506, 29 Burj Boulevard Tower 1
Starts from the last sale price (AED 750K, 14 March 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →