505, DT 1 Downtown
Sold prices and rental history: sold 4 times, last in February 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, DT 1 Downtown
What is 505 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 8 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,036 sqft
- Floor
- 5th of 16
- Parking
- P2-12
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 17,900 /yr
- Last sold
- AED 2.35M · February 2024
- Building
- DT 1 Downtown
About 505, DT 1 Downtown
505 is a one-bedroom apartment of 1,036 sqft on the 5th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development . It last sold on 8 February 2024 for AED 2,350,000, or AED 2,268 per sqft, 10% above the AED 2,070 one-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 June 2022, is AED 130,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 17,900 a year.
Sales and rents for 505 over time
505 has sold 4 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in DT 1 Downtown, and where 505 sits
All 36 1-beds →505 last sold in February 2024 at AED 2,268 per sqft, 10% above what one-beds in DT 1 Downtown were fetching at the time (AED 2,070). Over the last 12 months one-beds sold for AED 2,400,000 to 2,800,000, around AED 2,654 per sqft, and rent for AED 100,000 to 165,000 a year. 505's AED 130,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 1,036 sqft | 2,400,000 | 2,316 | ||
| 21 May 202621 May 2026 | 1,036 sqft | 2,800,000 | 2,702 | ||
| 9 Mar 20269 March 2026 | 1,036 sqft | 2,750,000 | 2,654 | ||
| 18 Jun 202518 June 2025 | 1,036 sqft | 2,600,000 | 2,509 |
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 5th floor
All 130 units in DT 1 Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 536 sqft | AED 1.35MAED 1,350,000 · Jun 2023June 2023 | 93,000 /yr | |
| 502 | 2-bed | 1,527 sqft | AED 2.57MAED 2,573,523 · Jun 2021June 2021 | 210,000 /yr | |
| 503 | 1-bed | 1,036 sqft | AED 1.87MAED 1,867,828 · Feb 2018February 2018 | ||
| 504 | 1-bed | 993 sqft | AED 2.22MAED 2,219,828 · May 2022May 2022 | 135,000 /yr | |
| 506 | 2-bed | 1,527 sqft | AED 3.4MAED 3,400,000 · Apr 2023April 2023 | 130,000 /yr | |
| 507 | Studio | 536 sqft | AED 1.07MAED 1,071,828 · Mar 2018March 2018 | 59,000 /yr | |
| 508 | 3-bed | 2,536 sqft | AED 5MAED 5,000,000 · Jun 2025June 2025 | 290,000 /yr | |
| 509 | 2-bed | 1,716 sqft | AED 2.96MAED 2,963,898 · May 2026May 2026 | 245,000 /yr | |
| 510 | 2-bed | 1,707 sqft | AED 2.93MAED 2,926,262 · May 2026May 2026 | 200,000 /yr |
505, DT 1 Downtown in numbers
- Sold 4 times: first on 8 May 2018 for AED 1,860,849, last on 8 February 2024 for AED 2,350,000 (AED 2,268 per sqft).
- Rented since January 2021 on 2 Ejari contracts, from AED 95,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 17,900 a year (AED 17.30 per sqft).
- One-beds in DT 1 Downtown sold for AED 2,400,000–2,800,000 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 8 February 2024.
Questions about 505, DT 1 Downtown
What did unit 505 last sell for?
AED 2,350,000 on 8 February 2024: AED 2,268 per sqft for 1,036 sqft. The unit has 4 registered sales; the first was AED 1,860,849 in May 2018.
What is the rent for unit 505?
AED 130,000 a year on the contract signed on 1 June 2022. The previous contract, from January 2021, was AED 95,000.
How big is unit 505?
1,036 sqft (96.2 sqm): a one-bedroom apartment on the 5th floor of a 16-storey tower completed in 2020.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in DT 1 Downtown sold for AED 2,400,000 to 2,800,000 in the last 12 months, around AED 2,654 per sqft.
Selling 505? 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 505, DT 1 Downtown
Starts from the last sale price (AED 2.35M, 8 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,350,000
- Deposit, UAE resident (20%)
- AED 470,000
- Deposit, non-resident (40%)
- AED 940,000
- Monthly over 25 years at 3.7%
- AED 9,615
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →