2-bed · 1,398 sqft8 Boulevard Walk, Downtown Dubai · 5th floor · completed 2008

510, 8 Boulevard Walk

Sold prices and rental history: sold 4 times, last in October 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 22 October 2024
Last soldAED 2.68M22 October 2024
Current rentAED 250K /yr3 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, 8 Boulevard Walk

What is 510 worth today?

Last sold for AED 2,675,000 in 2024

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22 Oct 2024SoldReady
AED 2,675,000AED 1,913 per sqft
28 Mar 2024SoldReady
AED 2,150,000AED 1,537 per sqft
3 Oct 2022RentedNew contract
AED 250,000/yr12 months · AED 179 per sqft
22 Nov 2020SoldReady
AED 1,186,079AED 848 per sqft
28 Oct 2018RentedNew contract
AED 85,000/yr12 months · AED 61 per sqft
24 Nov 2014Sold by developerReady
AED 1,149,888AED 822 per sqft
14 Aug 2014RentedNew contract
AED 119,785/yr36 months · AED 86 per sqft
15 Aug 2013RentedNew contract
AED 100,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 22 October 2024.

Key facts

Type
2-bed apartment
Size
1,398 sqft
Floor
5th of 35
Parking
B1-130
Developer
Emaar
Completed
2008
Service charge
AED 29,400 /yr
Last sold
AED 2.68M · October 2024

About 510, 8 Boulevard Walk

510 is a two-bedroom apartment of 1,398 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 22 October 2024 for AED 2,675,000, or AED 1,913 per sqft, 30% above the AED 1,470 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 3 October 2022, is AED 250,000 a year: a gross yield of 9.3% on the 2024 price, before the service charge of about AED 29,400 a year.

Sales and rents for 510 over time

Sales
Unit 510, each saleTypical two-bed in 8 Boulevard Walk
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,536,888; 2010 AED 1,497,888; 2011 AED 1,403,888; 2012 AED 1,700,000; 2013 AED 2,199,944; 2014 AED 2,850,000; 2015 AED 2,415,000; 2016 AED 2,335,000; 2017 AED 2,100,000; 2018 AED 1,900,000; 2019 AED 1,430,000; 2020 AED 1,200,000; 2021 AED 1,530,000; 2022 AED 1,850,000; 2023 AED 2,075,000; 2024 AED 2,550,000; 2025 AED 2,550,000; 2026 AED 3,000,000Sold by developer, November 2014: AED 1,149,888 (AED 822 per sqft)Sold, November 2020: AED 1,186,079 (AED 848 per sqft)Sold, March 2024: AED 2,150,000 (AED 1,537 per sqft)Sold, October 2024: AED 2,675,000 (AED 1,913 per sqft)

510 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 510, each contractTypical two-bed in 8 Boulevard Walk
100K200K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 125,000; 2014 AED 148,500; 2015 AED 160,000; 2016 AED 150,000; 2017 AED 132,500; 2018 AED 110,000; 2019 AED 100,000; 2020 AED 91,500; 2021 AED 90,000; 2022 AED 110,000; 2023 AED 121,440; 2024 AED 157,527; 2025 AED 160,000; 2026 AED 149,400New contract, August 2013: AED 100,000 a yearNew contract, August 2014: AED 119,785 a yearNew contract, October 2018: AED 85,000 a yearNew contract, October 2022: AED 250,000 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 8 Boulevard Walk, and where 510 sits

All 99 2-beds →

510 last sold in October 2024 at AED 1,913 per sqft, 30% above what two-beds in 8 Boulevard Walk were fetching at the time (AED 1,470). Over the last 12 months two-beds sold for AED 2,500,000 to 3,100,000, around AED 1,738 per sqft, and rent for AED 115,000 to 315,000 a year. 510's AED 250,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 May 20263,000,000
17 Apr 20263,100,000
12 Mar 20262,500,000
7 Nov 20252,525,000
3 2-bed 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

510, 8 Boulevard Walk in numbers

  • Sold 4 times: first on 24 November 2014 for AED 1,149,888, last on 22 October 2024 for AED 2,675,000 (AED 1,913 per sqft).
  • Rented since August 2013 on 4 Ejari contracts. The rent fell from AED 100,000 to AED 85,000 in 2018 and recovered to AED 250,000 by October 2022.
  • At AED 250,000 a year the gross yield on the 2024 price is 9.3%, before a service charge of about AED 29,400 a year (AED 21.00 per sqft).
  • Two-beds in 8 Boulevard Walk sold for AED 2,500,000–3,100,000 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 22 October 2024.

Questions about 510, 8 Boulevard Walk

What did unit 510 last sell for?

AED 2,675,000 on 22 October 2024: AED 1,913 per sqft for 1,398 sqft. The unit has 4 registered sales; the first was AED 1,149,888 in November 2014.

What is the rent for unit 510?

AED 250,000 a year on the contract signed on 3 October 2022. The previous contract, from October 2018, was AED 85,000; the unit has been rented since August 2013.

How big is unit 510?

1,398 sqft (129.9 sqm): a two-bedroom apartment on the 5th floor of a 35-storey tower completed in 2008.

What is unit 510 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 8 Boulevard Walk sold for AED 2,500,000 to 3,100,000 in the last 12 months, around AED 1,738 per sqft.

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Mortgage on 510, 8 Boulevard Walk

Starts from the last sale price (AED 2.68M, 22 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,675,000
Deposit, UAE resident (20%)
AED 535,000
Deposit, non-resident (40%)
AED 1,070,000
Monthly over 25 years at 3.7%
AED 10,944

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