507, DT 1 Downtown
Sold prices and rental history: sold once, by the developer in March 2018, 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 507, DT 1 Downtown
What is 507 worth today?
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Source: Dubai Land Department. Updated 21 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 536 sqft
- Floor
- 5th of 16
- Parking
- P2-10
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 9,300 /yr
- Last sold
- AED 1.07M · March 2018
- Building
- DT 1 Downtown
About 507, DT 1 Downtown
507 is a studio of 536 sqft on the 5th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development . The developer sold it on 7 March 2018 for AED 1,071,828, or AED 2,001 per sqft, in line with the AED 2,001 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 21 June 2025, is AED 59,000 a year: a gross yield of 5.5% on the 2018 price, before the service charge of about AED 9,300 a year.
Sales and rents for 507 over time
507 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in DT 1 Downtown, and where 507 sits
All 26 studios →507 last sold in March 2018 at AED 2,001 per sqft, in line with what studios in DT 1 Downtown were fetching at the time (AED 2,001). Over the last 12 months studios sold for AED 1,280,000, around AED 2,390 per sqft, and rent for AED 72,000 to 120,000 a year. 507's AED 59,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Sep 202618 September 2026 | 536 sqft | 1,280,000 | 2,390 | ||
| 5 Aug 20265 August 2026 | 536 sqft | 3,710 | 6 | ||
| 5 Jan 20265 January 2026 | 536 sqft | 13,911 | 25 | ||
| 4 Jul 20254 July 2025 | 536 sqft | 22,157 | 41 |
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 | |
| 506 | 2-bed | 1,527 sqft | AED 3.4MAED 3,400,000 · Apr 2023April 2023 | 130,000 /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 |
507, DT 1 Downtown in numbers
- Sold once: by Ellington Properties Development on 7 March 2018 for AED 1,071,828, or AED 2,001 per sqft.
- Rented since June 2021 on 6 Ejari contracts, from AED 42,881 to AED 59,000 a year.
- At AED 59,000 a year the gross yield on the 2018 price is 5.5%, before a service charge of about AED 9,300 a year (AED 17.30 per sqft).
- Studios in DT 1 Downtown sold for AED 1,280,000–1,280,000 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 21 June 2025.
Questions about 507, DT 1 Downtown
What did unit 507 last sell for?
AED 1,071,828 on 7 March 2018, sold by the developer: AED 2,001 per sqft for 536 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 59,000 a year on the contract renewed on 21 June 2025. The previous contract, from June 2025, was AED 59,000; the unit has been rented since June 2021.
How big is unit 507?
536 sqft (49.8 sqm): a studio on the 5th floor of a 16-storey tower completed in 2020.
What is unit 507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in DT 1 Downtown sold for AED 1,280,000 to 1,280,000 in the last 12 months, around AED 2,390 per sqft.
Selling 507? Put it on the OpenOffers board
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Mortgage on 507, DT 1 Downtown
Starts from the last sale price (AED 1.07M, 7 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,071,828
- Deposit, UAE resident (20%)
- AED 214,366
- Deposit, non-resident (40%)
- AED 428,731
- Monthly over 25 years at 3.7%
- AED 4,385
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →