Studio · 543 sqft8 Boulevard Walk, Downtown Dubai · 5th floor · completed 2008

509, 8 Boulevard Walk

Sold prices and rental history: sold 4 times, last in July 2023, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 4 August 2026
Last soldAED 925K18 July 2023
Current rentAED 80K /yr4 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, 8 Boulevard Walk

What is 509 worth today?

Last sold for AED 925,000 in 2023

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4 Aug 2026RentedRenewal
AED 80,000/yr12 months · AED 147 per sqft
4 Aug 2025RentedNew contract
AED 80,000/yr12 months · AED 147 per sqft
18 Jul 2023SoldReady
AED 925,000AED 1,703 per sqft
1 May 2017SoldReady
AED 890,000AED 1,638 per sqft
3 Jul 2014RentedNew contract
AED 75,000/yr12 months · AED 139 per sqft
16 Jan 2012SoldReady
AED 540,000AED 994 per sqft
11 Jun 2009Sold by developerReady
AED 509,888AED 938 per sqft

Source: Dubai Land Department. Updated 4 August 2026.

Key facts

Type
Studio apartment
Size
543 sqft
Floor
5th of 35
Parking
B2-059
Developer
Emaar
Completed
2008
Service charge
AED 11,400 /yr
Last sold
AED 925K · July 2023

About 509, 8 Boulevard Walk

509 is a studio of 543 sqft on the 5th floor of 8 Boulevard Walk, a 35-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 18 July 2023 for AED 925,000, or AED 1,703 per sqft, 9% above the AED 1,565 studios in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 4 August 2026, is AED 80,000 a year: a gross yield of 8.6% on the 2023 price, before the service charge of about AED 11,400 a year.

Sales and rents for 509 over time

Sales
Unit 509, each saleTypical studio in 8 Boulevard Walk
500K1M2009201420192024Typical sale price by year: 2009 AED 557,888; 2010 AED 575,536; 2011 AED 525,000; 2012 AED 599,944; 2013 AED 772,500; 2014 AED 1,101,250; 2015 AED 1,062,500; 2016 AED 935,000; 2017 AED 890,000; 2018 AED 750,000; 2022 AED 750,000; 2023 AED 900,000; 2024 AED 970,000; 2025 AED 1,175,000; 2026 AED 1,110,000Sold by developer, June 2009: AED 509,888 (AED 938 per sqft)Sold, January 2012: AED 540,000 (AED 994 per sqft)Sold, May 2017: AED 890,000 (AED 1,638 per sqft)Sold, July 2023: AED 925,000 (AED 1,703 per sqft)

509 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 509, each contractTypical studio in 8 Boulevard Walk
40K60K80K2012201620202024Typical rent by year: 2012 AED 50,000; 2013 AED 60,000; 2014 AED 75,000; 2015 AED 75,000; 2016 AED 73,000; 2017 AED 67,000; 2018 AED 59,500; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 45,000; 2022 AED 52,900; 2023 AED 60,000; 2024 AED 70,000; 2025 AED 73,000; 2026 AED 67,500New contract, July 2014: AED 75,000 a yearNew contract, August 2025: AED 80,000 a yearRenewal, August 2026: AED 80,000 a year

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

Studios in 8 Boulevard Walk, and where 509 sits

All 64 studios →

509 last sold in July 2023 at AED 1,703 per sqft, 9% above what studios in 8 Boulevard Walk were fetching at the time (AED 1,565). Over the last 12 months studios sold for AED 1,060,000 to 1,280,000, around AED 2,044 per sqft, and rent for AED 55,000 to 105,000 a year. 509's AED 80,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
5 Aug 20261,060,000
6 May 20261,200,000
25 Apr 20261,110,000
6 Mar 20261,280,000
5 studio sales in the last 12 months

8 Boulevard Walk

Building

347 apartments, studios to 2-bed over 35 floors in Downtown Dubai, completed in 2008 by Emaar. 28 sold in the last 12 months.

Typical price per sqft
AED 1,783 Up 7.0%
Typical sale
AED 1.65M
Typical rent
AED 104K /yr
Typical yield
5.9%
8 Boulevard Walk, Downtown Dubai: prices, sales and rents →

Other units on the 5th floor

All 347 units in 8 Boulevard Walk
Value
5012-bedAED 1.2M · Jun 2009
5022-bedAED 2.9M · Jul 2014
5032-bedAED 1.34M · Mar 2009
5041-bedAED 1.25M · Oct 2014
5051-bedAED 704K · Jun 2010
5061-bedAED 716K · Jun 2010
5072-bedAED 2.1M · Apr 2017
1–7 of 10

509, 8 Boulevard Walk in numbers

  • Sold 4 times: first on 11 June 2009 for AED 509,888, last on 18 July 2023 for AED 925,000 (AED 1,703 per sqft).
  • Rented since July 2014 on 3 Ejari contracts, from AED 75,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 8.6%, before a service charge of about AED 11,400 a year (AED 21.00 per sqft).
  • Studios in 8 Boulevard Walk sold for AED 1,060,000–1,280,000 in the 12 months to November 2026; the building's median across all types is AED 1,783 per sqft.

Source: Dubai Land Department. Updated 4 August 2026.

Questions about 509, 8 Boulevard Walk

What did unit 509 last sell for?

AED 925,000 on 18 July 2023: AED 1,703 per sqft for 543 sqft. The unit has 4 registered sales; the first was AED 509,888 in June 2009.

What is the rent for unit 509?

AED 80,000 a year on the contract renewed on 4 August 2026. The previous contract, from August 2025, was AED 80,000; the unit has been rented since July 2014.

How big is unit 509?

543 sqft (50.4 sqm): a studio on the 5th floor of a 35-storey tower completed in 2008.

What is unit 509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in 8 Boulevard Walk sold for AED 1,060,000 to 1,280,000 in the last 12 months, around AED 2,044 per sqft.

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Mortgage on 509, 8 Boulevard Walk

Starts from the last sale price (AED 925K, 18 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 925,000
Deposit, UAE resident (20%)
AED 185,000
Deposit, non-resident (40%)
AED 370,000
Monthly over 25 years at 3.7%
AED 3,784

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