3-bed · 1,532 sqftForte Tower 2, Downtown Dubai · 5th floor · completed 2022

503, Forte Tower 2

Sold prices and rental history: sold 3 times, last in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 27 December 2023
Last soldAED 4.4M27 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Forte Tower 2

What is 503 worth today?

Last sold for AED 4,400,000 in 2023

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27 Dec 2023SoldReady
AED 4,400,000AED 2,871 per sqft
9 Feb 2021SoldOff-plan
AED 3,016,992AED 1,946 per sqft
12 Nov 2020Sold by developerOff-plan
AED 3,142,700AED 2,028 per sqft

Source: Dubai Land Department. Updated 27 December 2023.

Key facts

Type
3-bed apartment
Size
1,532 sqft
Floor
5th of 42
Parking
L2-393, L2-394
Developer
Emaar
Completed
2022
Service charge
AED 29,800 /yr
Last sold
AED 4.4M · December 2023

About 503, Forte Tower 2

503 is a three-bedroom apartment of 1,532 sqft on the 5th floor of Forte Tower 2, a 42-storey tower in Downtown Dubai completed in 2022 by Emaar. It last sold on 27 December 2023 for AED 4,400,000, or AED 2,871 per sqft, 10% above the AED 2,609 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical three-bed in Forte Tower 2
3M4M5M2018202120242027Typical sale price by year: 2018 AED 3,618,888; 2019 AED 3,525,200; 2020 AED 3,464,900; 2021 AED 3,666,944; 2022 AED 4,158,388; 2023 AED 4,050,000; 2024 AED 4,200,000; 2025 AED 4,845,000; 2026 AED 4,950,000Sold by developer, November 2020: AED 3,142,700 (AED 2,028 per sqft)Sold, February 2021: AED 3,016,992 (AED 1,946 per sqft)Sold, December 2023: AED 4,400,000 (AED 2,871 per sqft)

503 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 503, each contractTypical three-bed in Forte Tower 2
240K245K250K2024202520262027Typical rent by year: 2024 AED 240,000; 2025 AED 250,000; 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 2, and where 503 sits

All 84 3-beds →

503 last sold in December 2023 at AED 2,871 per sqft, 10% above what three-beds in Forte Tower 2 were fetching at the time (AED 2,609). Over the last 12 months three-beds sold for AED 4,000,000 to 5,900,000, around AED 2,873 per sqft, and rent for AED 150,000 to 315,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
28 Oct 20264,000,000
6 Oct 20264,350,000
5 Oct 20264,400,000
20 Aug 20265,700,000
15 3-bed sales in the last 12 months

Forte Tower 2

Building

345 apartments, 1-bed to 4-bed over 42 floors in Downtown Dubai, completed in 2022 by Emaar. 32 sold in the last 12 months.

Typical price per sqft
AED 2,880 Up 2.8%
Typical sale
AED 3.75M
Typical rent
AED 158K /yr
Typical yield
5.3%
Forte Tower 2, Downtown Dubai: prices, sales and rents →

Other units on the 5th floor

All 345 units in Forte Tower 2
Value
5023-bedAED 3.7M · Oct 2023
5041-bedAED 1.35M · Aug 2022
5052-bedAED 2.11M · Apr 2023
5061-bedAED 1.1M · Jun 2019
5071-bedAED 1.11M · Jun 2019
Phase 2 - 5012-bedAED 1.79M · Jun 2019

503, Forte Tower 2 in numbers

  • Sold 3 times: first on 12 November 2020 for AED 3,142,700, last on 27 December 2023 for AED 4,400,000 (AED 2,871 per sqft).
  • Three-beds in Forte Tower 2 sold for AED 4,000,000–5,900,000 in the 12 months to November 2026; the building's median across all types is AED 2,880 per sqft.

Source: Dubai Land Department. Updated 27 December 2023.

Questions about 503, Forte Tower 2

What did unit 503 last sell for?

AED 4,400,000 on 27 December 2023: AED 2,871 per sqft for 1,532 sqft. The unit has 3 registered sales; the first was AED 3,142,700 in November 2020.

How big is unit 503?

1,532 sqft (142.3 sqm): a three-bedroom apartment on the 5th floor of a 42-storey tower completed in 2022.

What is unit 503 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 2 sold for AED 4,000,000 to 5,900,000 in the last 12 months, around AED 2,873 per sqft.

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Mortgage on 503, Forte Tower 2

Starts from the last sale price (AED 4.4M, 27 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,400,000
Deposit, UAE resident (20%)
AED 880,000
Deposit, non-resident (40%)
AED 1,760,000
Monthly over 25 years at 3.7%
AED 18,002

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