Phase 2 - 501, Forte Tower 2
Sold prices and rental history: sold once, by the developer in June 2019, and rented once, from January 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for Phase 2 - 501, Forte Tower 2
What is Phase 2 - 501 worth today?
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Source: Dubai Land Department. Updated 13 January 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 991 sqft
- Floor
- 5th of 42
- Parking
- 1
- Developer
- Emaar
- Completed
- 2022
- Service charge
- AED 19,300 /yr
- Last sold
- AED 1.79M · June 2019
- Building
- Forte Tower 2
About Phase 2 - 501, Forte Tower 2
Phase 2 - 501 is a two-bedroom apartment of 991 sqft on the 5th floor of Forte Tower 2, a 42-storey tower in Downtown Dubai completed in 2022 by Emaar. The developer sold it on 24 June 2019 for AED 1,790,888, or AED 1,807 per sqft, 10% below the AED 1,998 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 13 January 2024. The current contract, signed on 13 January 2024, is AED 195,000 a year: a gross yield of 10.9% on the 2019 price, before the service charge of about AED 19,300 a year.
Sales and rents for Phase 2 - 501 over time
Phase 2 - 501 has sold once; the dashed line is the two-bed median of each year in the building.
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 Phase 2 - 501 sits
All 131 2-beds →Phase 2 - 501 last sold in June 2019 at AED 1,807 per sqft, 10% below what two-beds in Forte Tower 2 were fetching at the time (AED 1,998). 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. Phase 2 - 501's AED 195,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Nov 20265 November 2026 | 1,160 sqft | 2,975,000 | 2,565 | ||
| 17 Sep 202617 September 2026 | 1,249 sqft | 2,850,000 | 2,281 | ||
| 27 Aug 202627 August 2026 | 1,179 sqft | 3,200,000 | 2,713 | ||
| 16 Jul 202616 July 2026 | 75 sqft | 363,000 | 4,817 |
Forte Tower 2
Building345 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%
Other units on the 5th floor
All 345 units in Forte Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 3-bed | 1,643 sqft | AED 3.7MAED 3,700,000 · Oct 2023October 2023 | ||
| 503 | 3-bed | 1,532 sqft | AED 4.4MAED 4,400,000 · Dec 2023December 2023 | ||
| 504 | 1-bed | 628 sqft | AED 1.35MAED 1,350,000 · Aug 2022August 2022 | 95,000 /yr | |
| 505 | 2-bed | 1,170 sqft | AED 2.11MAED 2,106,888 · Apr 2023April 2023 | ||
| 506 | 1-bed | 601 sqft | AED 1.1MAED 1,102,888 · Jun 2019June 2019 | 105,000 /yr | |
| 507 | 1-bed | 663 sqft | AED 1.11MAED 1,110,500 · Jun 2019June 2019 | 30,000 /yr |
Phase 2 - 501, Forte Tower 2 in numbers
- Sold once: by Emaar on 24 June 2019 for AED 1,790,888, or AED 1,807 per sqft.
- Rented since January 2024 on one Ejari contract, at AED 195,000 a year.
- At AED 195,000 a year the gross yield on the 2019 price is 10.9%, before a service charge of about AED 19,300 a year (AED 19.48 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 13 January 2024.
Questions about Phase 2 - 501, Forte Tower 2
What did unit Phase 2 - 501 last sell for?
AED 1,790,888 on 24 June 2019, sold by the developer: AED 1,807 per sqft for 991 sqft. It is the only registered sale of the unit.
What is the rent for unit Phase 2 - 501?
AED 195,000 a year on the contract signed on 13 January 2024.
How big is unit Phase 2 - 501?
991 sqft (92.1 sqm): a two-bedroom apartment on the 5th floor of a 42-storey tower completed in 2022.
What is unit Phase 2 - 501 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 Phase 2 - 501, Forte Tower 2
Starts from the last sale price (AED 1.79M, 24 June 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,790,888
- Deposit, UAE resident (20%)
- AED 358,178
- Deposit, non-resident (40%)
- AED 716,355
- Monthly over 25 years at 3.7%
- AED 7,327
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →