1-bed · 657 sqftAct Two, Downtown Dubai · 5th floor · completed 2022

505, Act Two

Sold prices and rental history: sold once, by the developer in June 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 8 June 2021
Last soldAED 1.55M8 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Act Two

What is 505 worth today?

Last sold for AED 1,545,492 in 2021

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8 Jun 2021Sold by developerOff-plan
AED 1,545,492AED 2,351 per sqft

Source: Dubai Land Department. Updated 8 June 2021.

Key facts

Type
1-bed apartment
Size
657 sqft
Floor
5th of 43
Parking
1
Developer
Emaar
Completed
2022
Service charge
AED 12,000 /yr
Last sold
AED 1.55M · June 2021
Building
Act Two

About 505, Act Two

505 is a one-bedroom apartment of 657 sqft on the 5th floor of Act Two, a 43-storey tower in Downtown Dubai completed in 2022 by Emaar. The developer sold it on 8 June 2021 for AED 1,545,492, or AED 2,351 per sqft, 3% below the AED 2,436 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical one-bed in Act Two
1.5M2M2016201920222025Typical sale price by year: 2016 AED 1,527,888; 2017 AED 1,501,888; 2018 AED 1,495,888; 2019 AED 1,511,888; 2020 AED 1,485,834; 2021 AED 1,563,390; 2022 AED 1,723,888; 2023 AED 2,000,000; 2024 AED 2,200,000; 2025 AED 2,175,000; 2026 AED 2,100,000Sold by developer, June 2021: AED 1,545,492 (AED 2,351 per sqft)

505 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 505, each contractTypical one-bed in Act Two
110K120K20232024202520262027Typical rent by year: 2023 AED 125,000; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 110,000

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

1-beds in Act Two, and where 505 sits

All 116 1-beds →

505 last sold in June 2021 at AED 2,351 per sqft, 3% below what one-beds in Act Two were fetching at the time (AED 2,436). Over the last 12 months one-beds sold for AED 2,050,000 to 2,225,000, around AED 3,165 per sqft, and rent for AED 64,275 to 216,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
30 Jul 20262,150,000
29 Jul 20262,100,000
21 Jul 20262,225,000
6 May 20262,100,000
8 1-bed sales in the last 12 months

Act Two

Building

360 apartments, 1-bed to 4-bed over 43 floors in Downtown Dubai, completed in 2022 by Emaar. 26 sold in the last 12 months.

Typical price per sqft
AED 2,976 Down 2.8%
Typical sale
AED 3.05M
Typical rent
AED 165K /yr
Typical yield
5.3%
Act Two, Downtown Dubai: prices, sales and rents →

Other units on the 5th floor

All 360 units in Act Two
Value
5012-bedAED 3.2M · Jun 2021
5021-bedAED 1.76M · Jun 2021
5032-bedAED 2.53M · Jun 2021
5041-bedAED 1.56M · Jun 2021
5061-bedAED 1.43M · Jun 2021
5071-bedAED 1.44M · Jun 2021
5082-bedAED 2.37M · Jun 2021
1–7 of 10

505, Act Two in numbers

  • Sold once: by Emaar on 8 June 2021 for AED 1,545,492, or AED 2,351 per sqft.
  • One-beds in Act Two sold for AED 2,050,000–2,225,000 in the 12 months to November 2026; the building's median across all types is AED 2,976 per sqft.

Source: Dubai Land Department. Updated 8 June 2021.

Questions about 505, Act Two

What did unit 505 last sell for?

AED 1,545,492 on 8 June 2021, sold by the developer: AED 2,351 per sqft for 657 sqft. It is the only registered sale of the unit.

How big is unit 505?

657 sqft (61.0 sqm): a one-bedroom apartment on the 5th floor of a 43-storey tower completed in 2022.

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 Act Two sold for AED 2,050,000 to 2,225,000 in the last 12 months, around AED 3,165 per sqft.

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Mortgage on 505, Act Two

Starts from the last sale price (AED 1.55M, 8 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,545,492
Deposit, UAE resident (20%)
AED 309,098
Deposit, non-resident (40%)
AED 618,197
Monthly over 25 years at 3.7%
AED 6,323

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