2-bed · 1,202 sqftDowntown Views 2 - Tower 1, Downtown Dubai · 5th floor · completed 2022

509, Downtown Views 2 - Tower 1

Sold prices and rental history: sold once, by the developer in March 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 2 March 2017
Last soldAED 2.21M2 March 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Downtown Views 2 - Tower 1

What is 509 worth today?

Last sold for AED 2,209,888 in 2017

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2 Mar 2017Sold by developerOff-plan
AED 2,209,888AED 1,838 per sqft

Source: Dubai Land Department. Updated 2 March 2017.

Key facts

Type
2-bed apartment
Size
1,202 sqft
Floor
5th of 62
Parking
1
Developer
Emaar
Completed
2022
Last sold
AED 2.21M · March 2017

About 509, Downtown Views 2 - Tower 1

509 is a two-bedroom apartment of 1,202 sqft on the 5th floor of Downtown Views 2 - Tower 1, a 62-storey tower in Downtown Dubai completed in 2022 by Emaar. The developer sold it on 2 March 2017 for AED 2,209,888, or AED 1,838 per sqft, 7% below the AED 1,976 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 509 over time

Sales
Unit 509, each saleTypical two-bed in Downtown Views 2 - Tower 1
2M3M2017202020232026Typical sale price by year: 2017 AED 2,201,888; 2018 AED 2,133,799; 2019 AED 2,208,888; 2020 AED 2,312,888; 2021 AED 2,562,616; 2022 AED 2,250,000; 2023 AED 2,500,000; 2024 AED 2,937,500; 2025 AED 3,370,000; 2026 AED 3,135,000Sold by developer, March 2017: AED 2,209,888 (AED 1,838 per sqft)

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

Rents
Unit 509, each contractTypical two-bed in Downtown Views 2 - Tower 1
165K170K175K2024202520262027Typical rent by year: 2024 AED 170,000; 2025 AED 175,000; 2026 AED 165,000

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

2-beds in Downtown Views 2 - Tower 1, and where 509 sits

All 256 2-beds →

509 last sold in March 2017 at AED 1,838 per sqft, 7% below what two-beds in Downtown Views 2 - Tower 1 were fetching at the time (AED 1,976). Over the last 12 months two-beds sold for AED 2,400,000 to 3,750,000, around AED 2,731 per sqft, and rent for AED 125,000 to 230,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Sep 20262,520,000
27 Aug 20263,400,000
13 Aug 20262,970,000
21 Jul 20262,875,000
10 2-bed sales in the last 12 months

Downtown Views 2 - Tower 1

Building

575 apartments, 1-bed to 4-bed over 62 floors in Downtown Dubai, completed in 2022 by Emaar. 22 sold in the last 12 months.

Typical price per sqft
AED 2,767 Down 1.9%
Typical sale
AED 2.94M
Typical rent
AED 155K /yr
Typical yield
5.3%
Downtown Views 2 - Tower 1, Downtown Dubai: prices, sales and rents →
Value
5012-bedAED 2.3M · Apr 2023
5021-bedAED 1.28M · Mar 2017
5031-bedAED 1.28M · Mar 2017
5042-bedAED 1.85M · Jul 2017
5053-bedAED 2.7M · Mar 2022
5062-bedAED 2.25M · Feb 2017
5072-bedAED 2.16M · Feb 2017
1–7 of 9

509, Downtown Views 2 - Tower 1 in numbers

  • Sold once: by Emaar on 2 March 2017 for AED 2,209,888, or AED 1,838 per sqft.
  • Two-beds in Downtown Views 2 - Tower 1 sold for AED 2,400,000–3,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,767 per sqft.

Source: Dubai Land Department. Updated 2 March 2017.

Questions about 509, Downtown Views 2 - Tower 1

What did unit 509 last sell for?

AED 2,209,888 on 2 March 2017, sold by the developer: AED 1,838 per sqft for 1,202 sqft. It is the only registered sale of the unit.

How big is unit 509?

1,202 sqft (111.7 sqm): a two-bedroom apartment on the 5th floor of a 62-storey tower completed in 2022.

What is unit 509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Downtown Views 2 - Tower 1 sold for AED 2,400,000 to 3,750,000 in the last 12 months, around AED 2,731 per sqft.

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Mortgage on 509, Downtown Views 2 - Tower 1

Starts from the last sale price (AED 2.21M, 2 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,209,888
Deposit, UAE resident (20%)
AED 441,978
Deposit, non-resident (40%)
AED 883,955
Monthly over 25 years at 3.7%
AED 9,041

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