2-bed · 1,238 sqftDowntown Views, Downtown Dubai · 55th floor · completed 2021

5507, Downtown Views

Sold prices and rental history: sold twice, last in November 2022, and rented once, from April 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5507 · DLD and Ejari recordsUpdated 23 November 2022
Last soldAED 2.8M23 November 2022
Current rentAED 150K /yr1 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5507, Downtown Views

What is 5507 worth today?

Last sold for AED 2,800,000 in 2022

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23 Nov 2022SoldReady
AED 2,800,000AED 2,262 per sqft
1 Apr 2022RentedNew contract
AED 150,000/yr12 months · AED 121 per sqft
25 Jul 2016Sold by developerOff-plan
AED 2,320,888AED 1,875 per sqft

Source: Dubai Land Department. Updated 23 November 2022.

Key facts

Type
2-bed apartment
Size
1,238 sqft
Floor
55th of 59
Parking
P5-108
Developer
Emaar
Completed
2021
Service charge
AED 25,500 /yr
Last sold
AED 2.8M · November 2022

About 5507, Downtown Views

5507 is a two-bedroom apartment of 1,238 sqft on the 55th floor of Downtown Views, a 59-storey tower in Downtown Dubai completed in 2021 by Emaar. It last sold on 23 November 2022 for AED 2,800,000, or AED 2,262 per sqft, 14% above the AED 1,980 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2022. The current contract, signed on 1 April 2022, is AED 150,000 a year: a gross yield of 5.4% on the 2022 price, before the service charge of about AED 25,500 a year.

Sales and rents for 5507 over time

Sales
Unit 5507, each saleTypical two-bed in Downtown Views
3M20152018202120242027Typical sale price by year: 2015 AED 2,457,888; 2016 AED 2,448,888; 2017 AED 2,312,888; 2018 AED 2,305,973; 2019 AED 2,386,888; 2020 AED 2,397,888; 2021 AED 2,579,388; 2022 AED 2,750,000; 2023 AED 3,000,000; 2024 AED 3,250,000; 2025 AED 3,512,500; 2026 AED 3,200,000Sold by developer, July 2016: AED 2,320,888 (AED 1,875 per sqft)Sold, November 2022: AED 2,800,000 (AED 2,262 per sqft)

5507 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5507, each contractTypical two-bed in Downtown Views
160K180K2021202320252027Typical rent by year: 2021 AED 150,000; 2022 AED 155,000; 2023 AED 171,000; 2024 AED 180,000; 2025 AED 185,000; 2026 AED 180,000New contract, April 2022: AED 150,000 a year

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, and where 5507 sits

All 187 2-beds →

5507 last sold in November 2022 at AED 2,262 per sqft, 14% above what two-beds in Downtown Views were fetching at the time (AED 1,980). Over the last 12 months two-beds sold for AED 2,800,000 to 3,700,000, around AED 2,430 per sqft, and rent for AED 145,000 to 285,000 a year. 5507's AED 150,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Nov 20263,000,000
29 Oct 20263,100,000
9 Oct 20262,800,000
8 Sep 20263,450,000
10 2-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 →

Other units on the 55th floor

All 430 units in Downtown Views
Value
55012-bedAED 3M · Nov 2026
55022-bedAED 3.39M · Sep 2024
55033-bedAED 5M · Aug 2026
55043-bedAED 4.24M · Jul 2016
55053-bedAED 5.9M · May 2024
55063-bedAED 3.79M · Jul 2016
55082-bedAED 3.3M · May 2023

5507, Downtown Views in numbers

  • Sold twice: first on 25 July 2016 for AED 2,320,888, last on 23 November 2022 for AED 2,800,000 (AED 2,262 per sqft).
  • Rented since April 2022 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2022 price is 5.4%, before a service charge of about AED 25,500 a year (AED 20.64 per sqft).
  • Two-beds in Downtown Views sold for AED 2,800,000–3,700,000 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 23 November 2022.

Questions about 5507, Downtown Views

What did unit 5507 last sell for?

AED 2,800,000 on 23 November 2022: AED 2,262 per sqft for 1,238 sqft. The unit has 2 registered sales; the first was AED 2,320,888 in July 2016.

What is the rent for unit 5507?

AED 150,000 a year on the contract signed on 1 April 2022.

How big is unit 5507?

1,238 sqft (115.0 sqm): a two-bedroom apartment on the 55th floor of a 59-storey tower completed in 2021.

What is unit 5507 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 sold for AED 2,800,000 to 3,700,000 in the last 12 months, around AED 2,430 per sqft.

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Mortgage on 5507, Downtown Views

Starts from the last sale price (AED 2.8M, 23 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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