2-bed · 1,170 sqftForte Tower 2, Downtown Dubai · 5th floor · completed 2022

505, Forte Tower 2

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

Unit 505 · DLD and Ejari recordsUpdated 12 April 2023
Last soldAED 2.11M12 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Forte Tower 2

What is 505 worth today?

Last sold for AED 2,106,888 in 2023

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12 Apr 2023SoldOff-plan
AED 2,106,888AED 1,800 per sqft
10 Jul 2019Sold by developerOff-plan
AED 2,106,888AED 1,800 per sqft

Source: Dubai Land Department. Updated 12 April 2023.

Key facts

Type
2-bed apartment
Size
1,170 sqft
Floor
5th of 42
Parking
L2-405
Developer
Emaar
Completed
2022
Service charge
AED 22,800 /yr
Last sold
AED 2.11M · April 2023

About 505, Forte Tower 2

505 is a two-bedroom apartment of 1,170 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 12 April 2023 for AED 2,106,888, or AED 1,800 per sqft, 18% below the AED 2,197 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Forte Tower 2
2M3M2016201920222025Typical sale price by year: 2016 AED 2,420,388; 2017 AED 2,843,888; 2018 AED 2,311,888; 2019 AED 2,284,388; 2020 AED 1,759,632; 2021 AED 2,100,000; 2022 AED 3,094,190; 2023 AED 2,700,000; 2024 AED 3,000,000; 2025 AED 3,155,000; 2026 AED 3,200,000Sold by developer, July 2019: AED 2,106,888 (AED 1,800 per sqft)Sold, April 2023: AED 2,106,888 (AED 1,800 per sqft)

505 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 505, each contractTypical two-bed in Forte Tower 2
170K180K2024202520262027Typical rent by year: 2024 AED 177,630; 2025 AED 185,000; 2026 AED 166,000

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

2-beds in Forte Tower 2, and where 505 sits

All 131 2-beds →

505 last sold in April 2023 at AED 1,800 per sqft, 18% below what two-beds in Forte Tower 2 were fetching at the time (AED 2,197). Over the last 12 months two-beds sold for AED 363,000 to 3,500,000, around AED 2,650 per sqft, and rent for AED 72,000 to 324,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Nov 20262,975,000
17 Sep 20262,850,000
27 Aug 20263,200,000
16 Jul 2026363,000
13 2-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
5033-bedAED 4.4M · Dec 2023
5041-bedAED 1.35M · Aug 2022
5061-bedAED 1.1M · Jun 2019
5071-bedAED 1.11M · Jun 2019
Phase 2 - 5012-bedAED 1.79M · Jun 2019

505, Forte Tower 2 in numbers

  • Sold twice: first on 10 July 2019 for AED 2,106,888, last on 12 April 2023 for AED 2,106,888 (AED 1,800 per sqft).
  • Two-beds in Forte Tower 2 sold for AED 363,000–3,500,000 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 12 April 2023.

Questions about 505, Forte Tower 2

What did unit 505 last sell for?

AED 2,106,888 on 12 April 2023: AED 1,800 per sqft for 1,170 sqft. The unit has 2 registered sales; the first was AED 2,106,888 in July 2019.

How big is unit 505?

1,170 sqft (108.7 sqm): a two-bedroom apartment on the 5th floor of a 42-storey tower completed in 2022.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Forte Tower 2 sold for AED 363,000 to 3,500,000 in the last 12 months, around AED 2,650 per sqft.

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Mortgage on 505, Forte Tower 2

Starts from the last sale price (AED 2.11M, 12 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,106,888
Deposit, UAE resident (20%)
AED 421,378
Deposit, non-resident (40%)
AED 842,755
Monthly over 25 years at 3.7%
AED 8,620

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