506, DT 1 Downtown
Sold prices and rental history: sold twice, last in April 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, DT 1 Downtown
What is 506 worth today?
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Source: Dubai Land Department. Updated 10 April 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,527 sqft
- Floor
- 5th of 16
- Parking
- P2-11
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 26,400 /yr
- Last sold
- AED 3.4M · April 2023
- Building
- DT 1 Downtown
About 506, DT 1 Downtown
506 is a two-bedroom apartment of 1,527 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 10 April 2023 for AED 3,400,000, or AED 2,226 per sqft, 12% above the AED 1,990 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 25 February 2022, is AED 130,000 a year: a gross yield of 3.8% on the 2023 price, before the service charge of about AED 26,400 a year.
Sales and rents for 506 over time
506 has sold twice; 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 506 sits
All 52 2-beds →506 last sold in April 2023 at AED 2,226 per sqft, 12% above what two-beds in DT 1 Downtown were fetching at the time (AED 1,990). 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. 506's AED 130,000 is in the lower 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 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 | |
| 505 | 1-bed | 1,036 sqft | AED 2.35MAED 2,350,000 · Feb 2024February 2024 | 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 |
506, DT 1 Downtown in numbers
- Sold twice: first on 9 May 2018 for AED 2,734,138, last on 10 April 2023 for AED 3,400,000 (AED 2,226 per sqft).
- Rented since February 2021 on 2 Ejari contracts, at AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2023 price is 3.8%, 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 10 April 2023.
Questions about 506, DT 1 Downtown
What did unit 506 last sell for?
AED 3,400,000 on 10 April 2023: AED 2,226 per sqft for 1,527 sqft. The unit has 2 registered sales; the first was AED 2,734,138 in May 2018.
What is the rent for unit 506?
AED 130,000 a year on the contract renewed on 25 February 2022. The previous contract, from February 2021, was AED 130,000.
How big is unit 506?
1,527 sqft (141.9 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2020.
What is unit 506 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.
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Mortgage on 506, DT 1 Downtown
Starts from the last sale price (AED 3.4M, 10 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,400,000
- Deposit, UAE resident (20%)
- AED 680,000
- Deposit, non-resident (40%)
- AED 1,360,000
- Monthly over 25 years at 3.7%
- AED 13,910
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →