1-bed · 774 sqftDowntown Views 2 - Tower 2, Downtown Dubai · 55th floor · completed 2022

5504, Downtown Views 2 - Tower 2

Sold prices and rental history: sold twice, last in March 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5504 · DLD and Ejari recordsUpdated 18 March 2024
Last soldAED 2.05M18 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5504, Downtown Views 2 - Tower 2

What is 5504 worth today?

Last sold for AED 2,050,000 in 2024

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18 Mar 2024SoldReady
AED 2,050,000AED 2,648 per sqft
23 Sep 2019Sold by developerOff-plan
AED 1,541,888AED 1,988 per sqft

Source: Dubai Land Department. Updated 18 March 2024.

Key facts

Type
1-bed apartment
Size
774 sqft
Floor
55th of 57
Parking
P2-330
Developer
Emaar
Completed
2022
Last sold
AED 2.05M · March 2024

About 5504, Downtown Views 2 - Tower 2

5504 is a one-bedroom apartment of 774 sqft on the 55th floor of Downtown Views 2 - Tower 2, a 57-storey tower in Downtown Dubai completed in 2022 by Emaar. It last sold on 18 March 2024 for AED 2,050,000, or AED 2,648 per sqft, 10% above the AED 2,403 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5504 over time

Sales
Unit 5504, each saleTypical one-bed in Downtown Views 2 - Tower 2
1M2M2017202020232026Typical sale price by year: 2017 AED 1,326,388; 2018 AED 1,320,888; 2019 AED 1,328,888; 2020 AED 1,020,000; 2021 AED 1,451,388; 2022 AED 1,367,388; 2023 AED 1,707,500; 2024 AED 1,912,500; 2025 AED 2,150,000; 2026 AED 1,850,000Sold by developer, September 2019: AED 1,541,888 (AED 1,988 per sqft)Sold, March 2024: AED 2,050,000 (AED 2,648 per sqft)

5504 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5504, each contractTypical one-bed in Downtown Views 2 - Tower 2
115K120K20232024202520262027Typical rent by year: 2023 AED 112,000; 2024 AED 119,000; 2025 AED 121,875; 2026 AED 116,528

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

1-beds in Downtown Views 2 - Tower 2, and where 5504 sits

All 129 1-beds →

5504 last sold in March 2024 at AED 2,648 per sqft, 10% above what one-beds in Downtown Views 2 - Tower 2 were fetching at the time (AED 2,403). Over the last 12 months one-beds sold for AED 1,800,000 to 2,200,000, around AED 2,679 per sqft, and rent for AED 85,000 to 157,875 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jul 202652,990
16 Jul 20261,800,000
22 Jun 20261,850,000
16 Jan 20262,200,000
6 1-bed sales in the last 12 months

Downtown Views 2 - Tower 2

Building

489 apartments, 1-bed to 4-bed over 57 floors in Downtown Dubai, completed in 2022 by Emaar. 25 sold in the last 12 months.

Typical price per sqft
AED 2,656 Down 6.3%
Typical sale
AED 3.11M
Typical rent
AED 155K /yr
Typical yield
5.5%
Downtown Views 2 - Tower 2, Downtown Dubai: prices, sales and rents →

Other units on the 55th floor

All 489 units in Downtown Views 2 - Tower 2
Value
55011-bedAED 1.51M · Sep 2021
55022-bedAED 2.38M · Aug 2022
55031-bedAED 1.49M · Oct 2019
55053-bedAED 6.05M · May 2024
55063-bedAED 5M · May 2024
55072-bedAED 3.7M · Jul 2026
55083-bedAED 4.14M · Feb 2020
1–7 of 8

5504, Downtown Views 2 - Tower 2 in numbers

  • Sold twice: first on 23 September 2019 for AED 1,541,888, last on 18 March 2024 for AED 2,050,000 (AED 2,648 per sqft).
  • One-beds in Downtown Views 2 - Tower 2 sold for AED 1,800,000–2,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,656 per sqft.

Source: Dubai Land Department. Updated 18 March 2024.

Questions about 5504, Downtown Views 2 - Tower 2

What did unit 5504 last sell for?

AED 2,050,000 on 18 March 2024: AED 2,648 per sqft for 774 sqft. The unit has 2 registered sales; the first was AED 1,541,888 in September 2019.

How big is unit 5504?

774 sqft (71.9 sqm): a one-bedroom apartment on the 55th floor of a 57-storey tower completed in 2022.

What is unit 5504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Downtown Views 2 - Tower 2 sold for AED 1,800,000 to 2,200,000 in the last 12 months, around AED 2,679 per sqft.

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Mortgage on 5504, Downtown Views 2 - Tower 2

Starts from the last sale price (AED 2.05M, 18 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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