2-bed · 1,386 sqftVida Residence Downtown, Downtown Dubai · 15th floor · completed 2018

1501, Vida Residence Downtown

Sold prices and rental history: sold 3 times, last in March 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 31 March 2019
Last soldAED 2M31 March 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1501, Vida Residence Downtown

What is 1501 worth today?

Last sold for AED 2,000,000 in 2019

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31 Mar 2019SoldOff-plan
AED 2,000,000AED 1,443 per sqft
2 Apr 2015SoldOff-plan
AED 3,337,888AED 2,409 per sqft
13 Nov 2014Sold by developerOff-plan
AED 3,337,888AED 2,409 per sqft

Source: Dubai Land Department. Updated 31 March 2019.

Key facts

Type
2-bed hotel apartment
Size
1,386 sqft
Floor
15th of 58
Parking
B2-27
Developer
Emaar
Completed
2018
Last sold
AED 2M · March 2019

About 1501, Vida Residence Downtown

1501 is a two-bedroom hotel apartment of 1,386 sqft on the 15th floor of Vida Residence Downtown, a 58-storey tower in Downtown Dubai completed in 2018 by Emaar. It last sold on 31 March 2019 for AED 2,000,000, or AED 1,443 per sqft, 43% below the AED 2,539 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical two-bed in Vida Residence Downtown
2M4M2014201820222026Typical sale price by year: 2014 AED 3,536,388; 2015 AED 3,846,888; 2016 AED 3,435,888; 2017 AED 3,100,000; 2018 AED 3,573,444; 2019 AED 3,837,888; 2020 AED 2,512,500; 2021 AED 3,382,055; 2022 AED 3,525,000; 2023 AED 3,935,000; 2024 AED 4,400,000; 2025 AED 4,630,000; 2026 AED 4,600,000Sold by developer, November 2014: AED 3,337,888 (AED 2,409 per sqft)Sold, April 2015: AED 3,337,888 (AED 2,409 per sqft)Sold, March 2019: AED 2,000,000 (AED 1,443 per sqft)

1501 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1501, each contractTypical two-bed in Vida Residence Downtown
200K300K20192021202320252027Typical rent by year: 2019 AED 170,000; 2020 AED 150,000; 2021 AED 180,000; 2022 AED 260,000; 2023 AED 278,000; 2024 AED 285,000; 2025 AED 271,500; 2026 AED 255,000

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

2-beds in Vida Residence Downtown, and where 1501 sits

All 144 2-beds →

1501 last sold in March 2019 at AED 1,443 per sqft, 43% below what two-beds in Vida Residence Downtown were fetching at the time (AED 2,539). Over the last 12 months two-beds sold for AED 3,950,000 to 7,500,000, around AED 3,239 per sqft, and rent for AED 90,000 to 550,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Sep 20264,550,000
21 Sep 20265,025,000
2 Sep 20263,950,000
14 Aug 20264,300,000
17 2-bed sales in the last 12 months

Vida Residence Downtown

Building

343 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2018 by Emaar. 34 sold in the last 12 months.

Typical price per sqft
AED 3,198 Up 2.1%
Typical sale
AED 4.6M
Typical rent
AED 200K /yr
Typical yield
5.4%
Vida Residence Downtown, Downtown Dubai: prices, sales and rents →

Other units on the 15th floor

All 343 units in Vida Residence Downtown
Value
15023-bedAED 5.88M · Oct 2014
15032-bedAED 4.5M · Jul 2026
15042-bedAED 4M · Feb 2023
15051-bedAED 1.75M · Jun 2022
15061-bedAED 1.69M · May 2022
15071-bedAED 2M · Sep 2022
15082-bedAED 2.53M · Dec 2020

1501, Vida Residence Downtown in numbers

  • Sold 3 times: first on 13 November 2014 for AED 3,337,888, last on 31 March 2019 for AED 2,000,000 (AED 1,443 per sqft).
  • Two-beds in Vida Residence Downtown sold for AED 3,950,000–7,500,000 in the 12 months to November 2026; the building's median across all types is AED 3,198 per sqft.

Source: Dubai Land Department. Updated 31 March 2019.

Questions about 1501, Vida Residence Downtown

What did unit 1501 last sell for?

AED 2,000,000 on 31 March 2019: AED 1,443 per sqft for 1,386 sqft. The unit has 3 registered sales; the first was AED 3,337,888 in November 2014.

How big is unit 1501?

1,386 sqft (128.8 sqm): a two-bedroom hotel apartment on the 15th floor of a 58-storey tower completed in 2018.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Vida Residence Downtown sold for AED 3,950,000 to 7,500,000 in the last 12 months, around AED 3,239 per sqft.

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Mortgage on 1501, Vida Residence Downtown

Starts from the last sale price (AED 2M, 31 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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