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1-bed · 860 sqftDowntown Views, Downtown Dubai · completed 2021

507, Downtown Views

Sold prices and rental history: sold once, by the developer in July 2016, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 27 September 2024
Last soldAED 1.46M20 July 2016
Current rentAED 125K /yr27 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Downtown Views

What is 507 worth today?

Last sold for AED 1,460,888 in 2016

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27 Sep 2024RentedNew contract
AED 125,000/yr12 months · AED 145 per sqft
10 Oct 2023RentedRenewal
AED 119,678/yr12 months · AED 139 per sqft
10 Oct 2022RentedNew contract
AED 120,000/yr12 months · AED 139 per sqft
20 Jul 2016Sold by developerOff-plan
AED 1,460,888AED 1,720 per sqft

Source: Dubai Land Department. Updated 27 September 2024.

Key facts

Type
1-bed apartment
Size
860 sqft
Parking
P7-47
Developer
Emaar
Completed
2021
Service charge
AED 17,700 /yr
Last sold
AED 1.46M · July 2016
Building
Downtown Views

About 507, Downtown Views

507 is a one-bedroom apartment of 860 sqft of Downtown Views, a 59-storey tower in Downtown Dubai completed in 2021 by Emaar. The developer sold it on 20 July 2016 for AED 1,460,888, or AED 1,720 per sqft, 4% below the AED 1,796 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 27 September 2024, is AED 125,000 a year: a gross yield of 8.6% on the 2016 price, before the service charge of about AED 17,700 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical one-bed in Downtown Views
1.5M2M2.5M20152018202120242027Typical sale price by year: 2015 AED 1,561,888; 2016 AED 1,539,888; 2017 AED 1,566,888; 2018 AED 1,300,000; 2019 AED 1,539,388; 2020 AED 1,368,444; 2021 AED 1,550,000; 2022 AED 1,650,000; 2023 AED 1,920,000; 2024 AED 2,215,000; 2025 AED 2,322,500; 2026 AED 2,300,000Sold by developer, July 2016: AED 1,460,888 (AED 1,720 per sqft)

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

Rents
Unit 507, each contractTypical one-bed in Downtown Views
80K100K120K2021202320252027Typical rent by year: 2021 AED 85,000; 2022 AED 96,000; 2023 AED 115,000; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 115,000New contract, October 2022: AED 120,000 a yearRenewal, October 2023: AED 119,678 a yearNew contract, September 2024: AED 125,000 a year

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, and where 507 sits

All 165 1-beds →

507 last sold in July 2016 at AED 1,720 per sqft, 4% below what one-beds in Downtown Views were fetching at the time (AED 1,796). Over the last 12 months one-beds sold for AED 2,000,000 to 2,500,000, around AED 2,656 per sqft, and rent for AED 90,000 to 155,000 a year. 507's AED 125,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Oct 20262,435,000
24 Sep 20262,200,000
16 Sep 20262,500,000
2 Jul 20262,000,000
13 1-bed sales in the last 12 months

Downtown Views

Building

430 apartments, 1-bed to 4-bed over 59 floors in Downtown Dubai, completed in 2021 by Emaar. 34 sold in the last 12 months.

Typical price per sqft
AED 2,672 Down 0.5%
Typical sale
AED 3.05M
Typical rent
AED 174K /yr
Typical yield
5.3%
Downtown Views, Downtown Dubai: prices, sales and rents →

507, Downtown Views in numbers

  • Sold once: by Emaar on 20 July 2016 for AED 1,460,888, or AED 1,720 per sqft.
  • Rented since October 2022 on 3 Ejari contracts, from AED 120,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2016 price is 8.6%, before a service charge of about AED 17,700 a year (AED 20.64 per sqft).
  • One-beds in Downtown Views sold for AED 2,000,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,672 per sqft.

Source: Dubai Land Department. Updated 27 September 2024.

Questions about 507, Downtown Views

What did unit 507 last sell for?

AED 1,460,888 on 20 July 2016, sold by the developer: AED 1,720 per sqft for 860 sqft. It is the only registered sale of the unit.

What is the rent for unit 507?

AED 125,000 a year on the contract signed on 27 September 2024. The previous contract, from October 2023, was AED 119,678; the unit has been rented since October 2022.

How big is unit 507?

860 sqft (79.9 sqm): a one-bedroom apartment of a 59-storey tower completed in 2021.

What is unit 507 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 sold for AED 2,000,000 to 2,500,000 in the last 12 months, around AED 2,656 per sqft.

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Mortgage on 507, Downtown Views

Starts from the last sale price (AED 1.46M, 20 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,460,888
Deposit, UAE resident (20%)
AED 292,178
Deposit, non-resident (40%)
AED 584,355
Monthly over 25 years at 3.7%
AED 5,977

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