2-bed · 1,257 sqftClaren Tower 1 (Claren Tower A), Downtown Dubai · 5th floor · completed 2012

508, Claren Tower 1 (Claren Tower A)

Sold prices and rental history: sold twice, last in November 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 11 November 2014
Last soldAED 1.66M11 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Claren Tower 1 (Claren Tower A)

What is 508 worth today?

Last sold for AED 1,657,944 in 2014

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11 Nov 2014SoldReady
AED 1,657,944AED 1,318 per sqft
2 Mar 2010Sold by developerOff-plan
AED 3,315,888AED 2,637 per sqft

Source: Dubai Land Department. Updated 11 November 2014.

Key facts

Type
2-bed apartment
Size
1,257 sqft
Floor
5th of 19
Parking
B1-1048
Developer
Emaar
Completed
2012
Service charge
AED 32,500 /yr
Last sold
AED 1.66M · November 2014

About 508, Claren Tower 1 (Claren Tower A)

508 is a two-bedroom apartment of 1,257 sqft on the 5th floor of Claren Tower 1 (Claren Tower A), a 19-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 11 November 2014 for AED 1,657,944, or AED 1,318 per sqft, 38% below the AED 2,128 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical two-bed in Claren Tower 1 (Claren Tower A)
2M3M20102014201820222026Typical sale price by year: 2010 AED 2,983,888; 2012 AED 1,710,644; 2013 AED 2,087,500; 2014 AED 2,850,000; 2015 AED 2,400,000; 2020 AED 1,450,000; 2022 AED 2,200,000; 2023 AED 2,550,000; 2024 AED 2,400,000; 2025 AED 2,517,500Sold by developer, March 2010: AED 3,315,888 (AED 2,637 per sqft)Sold, November 2014: AED 1,657,944 (AED 1,318 per sqft)

508 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 508, each contractTypical two-bed in Claren Tower 1 (Claren Tower A)
100K150K2013201720212025Typical rent by year: 2013 AED 134,707; 2014 AED 150,000; 2015 AED 157,500; 2016 AED 150,500; 2017 AED 140,000; 2018 AED 130,000; 2019 AED 112,500; 2020 AED 100,000; 2021 AED 100,000; 2022 AED 115,500; 2023 AED 150,000; 2024 AED 157,500; 2025 AED 160,000; 2026 AED 160,000

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

2-beds in Claren Tower 1 (Claren Tower A), and where 508 sits

All 30 2-beds →

508 last sold in November 2014 at AED 1,318 per sqft, 38% below what two-beds in Claren Tower 1 (Claren Tower A) were fetching at the time (AED 2,128). Over the last 12 months two-beds sold for AED 2,800,000, around AED 2,227 per sqft, and rent for AED 120,000 to 250,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Feb 20262,800,000
4 Nov 20252,200,000
18 Jul 20252,844,483
2 Apr 20252,535,000
1 2-bed sale in the last 12 months

Claren Tower 1 (Claren Tower A)

Building

141 apartments, studios to 3-bed over 19 floors in Downtown Dubai, completed in 2012 by Emaar. 15 sold in the last 12 months.

Typical price per sqft
AED 2,301 Up 13.7%
Typical sale
AED 1.9M
Typical rent
AED 95K /yr
Typical yield
5.5%
Claren Tower 1 (Claren Tower A), Downtown Dubai: prices, sales and rents →
Value
5011-bedAED 1.86M · Sep 2023
502StudioAED 1.28M · May 2026
5031-bedAED 1.17M · Sep 2013
5041-bedAED 1.9M · Mar 2026
5052-bedAED 3.07M · Nov 2013
5061-bedAED 1.3M · Dec 2014
507StudioAED 970K · Sep 2022

508, Claren Tower 1 (Claren Tower A) in numbers

  • Sold twice: first on 2 March 2010 for AED 3,315,888, last on 11 November 2014 for AED 1,657,944 (AED 1,318 per sqft).
  • Two-beds in Claren Tower 1 (Claren Tower A) sold for AED 2,800,000–2,800,000 in the 12 months to November 2026; the building's median across all types is AED 2,301 per sqft.

Source: Dubai Land Department. Updated 11 November 2014.

Questions about 508, Claren Tower 1 (Claren Tower A)

What did unit 508 last sell for?

AED 1,657,944 on 11 November 2014: AED 1,318 per sqft for 1,257 sqft. The unit has 2 registered sales; the first was AED 3,315,888 in March 2010.

How big is unit 508?

1,257 sqft (116.8 sqm): a two-bedroom apartment on the 5th floor of a 19-storey tower completed in 2012.

What is unit 508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Claren Tower 1 (Claren Tower A) sold for AED 2,800,000 to 2,800,000 in the last 12 months, around AED 2,227 per sqft.

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Mortgage on 508, Claren Tower 1 (Claren Tower A)

Starts from the last sale price (AED 1.66M, 11 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,657,944
Deposit, UAE resident (20%)
AED 331,589
Deposit, non-resident (40%)
AED 663,178
Monthly over 25 years at 3.7%
AED 6,783

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