3-bed · 1,592 sqftForte Tower 1, Downtown Dubai · 55th floor · completed 2022

5505, Forte Tower 1

Sold prices and rental history: sold once, by the developer in October 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5505 · DLD and Ejari recordsUpdated 24 October 2021
Last soldAED 4.77M24 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5505, Forte Tower 1

What is 5505 worth today?

Last sold for AED 4,773,888 in 2021

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24 Oct 2021Sold by developerOff-plan
AED 4,773,888AED 2,975 per sqft

Source: Dubai Land Department. Updated 24 October 2021.

Key facts

Type
3-bed apartment
Size
1,592 sqft
Floor
55th of 71
Parking
B3-224, B3-225
Developer
Emaar
Completed
2022
Service charge
AED 31,000 /yr
Last sold
AED 4.77M · October 2021

About 5505, Forte Tower 1

5505 is a three-bedroom apartment of 1,592 sqft on the 55th floor of Forte Tower 1, a 71-storey tower in Downtown Dubai completed in 2022 by Emaar. The developer sold it on 24 October 2021 for AED 4,773,888, or AED 2,975 per sqft, 61% above the AED 1,853 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5505 over time

Sales
Unit 5505, each saleTypical three-bed in Forte Tower 1
4M4.5M5M20152018202120242027Typical sale price by year: 2015 AED 4,285,888; 2016 AED 4,503,888; 2017 AED 4,160,388; 2019 AED 4,515,888; 2020 AED 4,329,444; 2021 AED 4,458,499; 2022 AED 4,336,099; 2023 AED 4,166,907; 2024 AED 4,800,000; 2025 AED 5,200,000; 2026 AED 4,975,000Sold by developer, October 2021: AED 4,773,888 (AED 2,975 per sqft)

5505 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5505, each contractTypical three-bed in Forte Tower 1
240K250K260K2024202520262027Typical rent by year: 2024 AED 252,500; 2025 AED 260,000; 2026 AED 240,000

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Forte Tower 1, and where 5505 sits

All 232 3-beds →

5505 last sold in October 2021 at AED 2,975 per sqft, 61% above what three-beds in Forte Tower 1 were fetching at the time (AED 1,853). Over the last 12 months three-beds sold for AED 3,497,620 to 5,500,000, around AED 3,006 per sqft, and rent for AED 180,000 to 450,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Nov 20264,585,500
1 Oct 20264,900,000
9 Sep 20265,300,000
1 Sep 20265,100,000
13 3-bed sales in the last 12 months

Forte Tower 1

Building

573 apartments, 1-bed to 4-bed over 71 floors in Downtown Dubai, completed in 2022 by Emaar. 36 sold in the last 12 months.

Typical price per sqft
AED 2,812 Down 4.6%
Typical sale
AED 3.18M
Typical rent
AED 175K /yr
Typical yield
5.2%
Forte Tower 1, Downtown Dubai: prices, sales and rents →

Other units on the 55th floor

All 573 units in Forte Tower 1
Value
55012-bedAED 2.37M · Sep 2017
55022-bedAED 2.88M · Jul 2026
55032-bedAED 2.3M · Sep 2017
55042-bedAED 3.33M · Aug 2026
55063-bedAED 4.76M · May 2019
55073-bedAED 5.55M · Apr 2024
55083-bedAED 3.99M · Dec 2022

5505, Forte Tower 1 in numbers

  • Sold once: by Emaar on 24 October 2021 for AED 4,773,888, or AED 2,975 per sqft.
  • Three-beds in Forte Tower 1 sold for AED 3,497,620–5,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,812 per sqft.

Source: Dubai Land Department. Updated 24 October 2021.

Questions about 5505, Forte Tower 1

What did unit 5505 last sell for?

AED 4,773,888 on 24 October 2021, sold by the developer: AED 2,975 per sqft for 1,592 sqft. It is the only registered sale of the unit.

How big is unit 5505?

1,592 sqft (147.9 sqm): a three-bedroom apartment on the 55th floor of a 71-storey tower completed in 2022.

What is unit 5505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Forte Tower 1 sold for AED 3,497,620 to 5,500,000 in the last 12 months, around AED 3,006 per sqft.

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Mortgage on 5505, Forte Tower 1

Starts from the last sale price (AED 4.77M, 24 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 4,773,888
Deposit, UAE resident (20%)
AED 954,778
Deposit, non-resident (40%)
AED 1,909,555
Monthly over 25 years at 3.7%
AED 19,531

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →