508, DT 1 Downtown
Sold prices and rental history: sold once, by the developer in June 2025, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, DT 1 Downtown
What is 508 worth today?
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Source: Dubai Land Department. Updated 29 July 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,536 sqft
- Floor
- 5th of 16
- Parking
- P1-73, P1-34
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 43,900 /yr
- Last sold
- AED 5M · June 2025
- Building
- DT 1 Downtown
About 508, DT 1 Downtown
508 is a three-bedroom apartment of 2,536 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 12 June 2025 for AED 5,000,000, or AED 1,971 per sqft.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 29 July 2026, is AED 290,000 a year: a gross yield of 5.8% on the 2025 price, before the service charge of about AED 43,900 a year.
Sales and rents for 508 over time
508 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in DT 1 Downtown, and where 508 sits
All 15 3-beds →Over the last 12 months three-beds sold for AED 6,250,000, around AED 2,464 per sqft, and rent for AED 282,975 to 365,000 a year. 508's AED 290,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202624 July 2026 | 2,536 sqft | 6,250,000 | 2,464 | ||
| 26 Jun 202526 June 2025 | 2,536 sqft | 4,417,785 | 1,741 | ||
| 10 Jan 202410 January 2024 | 2,536 sqft | 6,800,000 | 2,680 | ||
| 31 May 202331 May 2023 | 3,938 sqft | 7,000,000 | 1,777 |
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 | |
| 507 | Studio | 536 sqft | AED 1.07MAED 1,071,828 · Mar 2018March 2018 | 59,000 /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 |
508, DT 1 Downtown in numbers
- Sold once: by Ellington Properties Development on 12 June 2025 for AED 5,000,000, or AED 1,971 per sqft.
- Rented since April 2021 on 2 Ejari contracts, from AED 205,000 to AED 290,000 a year.
- At AED 290,000 a year the gross yield on the 2025 price is 5.8%, before a service charge of about AED 43,900 a year (AED 17.30 per sqft).
- Three-beds in DT 1 Downtown sold for AED 6,250,000–6,250,000 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 29 July 2026.
Questions about 508, DT 1 Downtown
What did unit 508 last sell for?
AED 5,000,000 on 12 June 2025, sold by the developer: AED 1,971 per sqft for 2,536 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 290,000 a year on the contract signed on 29 July 2026. The previous contract, from April 2021, was AED 205,000.
How big is unit 508?
2,536 sqft (235.6 sqm): a three-bedroom apartment on the 5th floor of a 16-storey tower completed in 2020.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in DT 1 Downtown sold for AED 6,250,000 to 6,250,000 in the last 12 months, around AED 2,464 per sqft.
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Mortgage on 508, DT 1 Downtown
Starts from the last sale price (AED 5M, 12 June 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 5,000,000
- Deposit, UAE resident (20%)
- AED 1,000,000
- Deposit, non-resident (40%)
- AED 2,000,000
- Monthly over 25 years at 3.7%
- AED 20,457
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →