1506, DT 1 Downtown
Sold prices and rental history: sold once, by the developer in August 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, DT 1 Downtown
What is 1506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,527 sqft
- Floor
- 15th of 16
- Parking
- P1-42
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 26,400 /yr
- Last sold
- AED 2.21M · August 2023
- Building
- DT 1 Downtown
About 1506, DT 1 Downtown
1506 is a two-bedroom apartment of 1,527 sqft on the 15th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development . The developer sold it on 16 August 2023 for AED 2,210,670, or AED 1,447 per sqft, 28% below the AED 2,003 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 1 August 2024, is AED 240,000 a year: a gross yield of 10.9% on the 2023 price, before the service charge of about AED 26,400 a year.
Sales and rents for 1506 over time
1506 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in DT 1 Downtown, and where 1506 sits
All 52 2-beds →1506 last sold in August 2023 at AED 1,447 per sqft, 28% below what two-beds in DT 1 Downtown were fetching at the time (AED 2,003). Over the last 12 months two-beds sold for AED 2,926,262 to 4,400,000, around AED 2,241 per sqft, and rent for AED 85,000 to 265,000 a year. 1506's AED 240,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Jun 202611 June 2026 | 1,716 sqft | 4,000,000 | 2,330 | ||
| 11 May 202611 May 2026 | 1,527 sqft | 3,000,000 | 1,964 | ||
| 7 May 20267 May 2026 | 1,707 sqft | 2,926,262 | 1,714 | ||
| 7 May 20267 May 2026 | 1,716 sqft | 2,963,898 | 1,727 |
DT 1 Downtown
Building130 apartments, studios to 4-bed over 16 floors in Downtown Dubai, completed in 2020 by Ellington Properties Development . 15 sold in the last 12 months.
- Typical price per sqft
- AED 2,390 Up 1.4%
- Typical sale
- AED 3M
- Typical rent
- AED 156K /yr
- Typical yield
- 5.7%
Other units on the 15th floor
All 130 units in DT 1 Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | Studio | 536 sqft | AED 1.29MAED 1,285,000 · Feb 2025February 2025 | 70,000 /yr | |
| 1502 | 2-bed | 1,527 sqft | AED 2.21MAED 2,210,670 · Jul 2023July 2023 | ||
| 1503 | 1-bed | 1,036 sqft | AED 1.5MAED 1,504,418 · Jul 2023July 2023 | 125,000 /yr | |
| 1504 | 1-bed | 993 sqft | AED 1.6MAED 1,601,519 · Feb 2020February 2020 | 135,000 /yr | |
| 1505 | 1-bed | 1,036 sqft | AED 2.01MAED 2,009,828 · Feb 2020February 2020 | 100,000 /yr | |
| 1507 | Studio | 536 sqft | AED 1.22MAED 1,220,000 · Feb 2022February 2022 | 85,000 /yr | |
| 1508 | 3-bed | 2,536 sqft | AED 4.05MAED 4,050,000 · Apr 2021April 2021 | ||
| 1509 | 2-bed | 1,716 sqft | AED 4.12MAED 4,120,828 · Aug 2022August 2022 | 210,000 /yr | |
| 1510 | 2-bed | 1,707 sqft | AED 2.73MAED 2,727,501 · Feb 2020February 2020 | 190,000 /yr |
1506, DT 1 Downtown in numbers
- Sold once: by Ellington Properties Development on 16 August 2023 for AED 2,210,670, or AED 1,447 per sqft.
- Rented since May 2021 on 4 Ejari contracts, from AED 148,000 to AED 240,000 a year.
- At AED 240,000 a year the gross yield on the 2023 price is 10.9%, before a service charge of about AED 26,400 a year (AED 17.30 per sqft).
- Two-beds in DT 1 Downtown sold for AED 2,926,262–4,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,390 per sqft.
Source: Dubai Land Department. Updated 1 August 2024.
Questions about 1506, DT 1 Downtown
What did unit 1506 last sell for?
AED 2,210,670 on 16 August 2023, sold by the developer: AED 1,447 per sqft for 1,527 sqft. It is the only registered sale of the unit.
What is the rent for unit 1506?
AED 240,000 a year on the contract signed on 1 August 2024. The previous contract, from May 2023, was AED 148,000; the unit has been rented since May 2021.
How big is unit 1506?
1,527 sqft (141.9 sqm): a two-bedroom apartment on the 15th floor of a 16-storey tower completed in 2020.
What is unit 1506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in DT 1 Downtown sold for AED 2,926,262 to 4,400,000 in the last 12 months, around AED 2,241 per sqft.
Selling 1506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1506, DT 1 Downtown
Starts from the last sale price (AED 2.21M, 16 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,210,670
- Deposit, UAE resident (20%)
- AED 442,134
- Deposit, non-resident (40%)
- AED 884,268
- Monthly over 25 years at 3.7%
- AED 9,045
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →