1508, Vida Residence Downtown
Sold prices and rental history: sold 4 times, last in December 2020, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Vida Residence Downtown
What is 1508 worth today?
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Source: Dubai Land Department. Updated 27 November 2023.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,640 sqft
- Floor
- 15th of 58
- Parking
- B2-120
- Developer
- Emaar
- Completed
- 2018
- Last sold
- AED 2.53M · December 2020
- Building
- Vida Residence Downtown
About 1508, Vida Residence Downtown
1508 is a two-bedroom hotel apartment of 1,640 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 28 December 2020 for AED 2,525,000, or AED 1,540 per sqft, 8% below the AED 1,665 two-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 27 November 2023, is AED 350,000 a year: a gross yield of 13.9% on the 2020 price.
Sales and rents for 1508 over time
1508 has sold 4 times; 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 Vida Residence Downtown, and where 1508 sits
All 144 2-beds →1508 last sold in December 2020 at AED 1,540 per sqft, 8% below what two-beds in Vida Residence Downtown were fetching at the time (AED 1,665). 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. 1508's AED 350,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Sep 202621 September 2026 | 1,389 sqft | 4,550,000 | 3,275 | ||
| 21 Sep 202621 September 2026 | 1,641 sqft | 5,025,000 | 3,061 | ||
| 2 Sep 20262 September 2026 | 1,386 sqft | 3,950,000 | 2,850 | ||
| 14 Aug 202614 August 2026 | 1,386 sqft | 4,300,000 | 3,103 |
Vida Residence Downtown
Building343 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%
Other units on the 15th floor
All 343 units in Vida Residence Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,386 sqft | AED 2MAED 2,000,000 · Mar 2019March 2019 | ||
| 1502 | 3-bed | 2,012 sqft | AED 5.88MAED 5,878,888 · Oct 2014October 2014 | 400,000 /yr | |
| 1503 | 2-bed | 1,389 sqft | AED 4.5MAED 4,500,000 · Jul 2026July 2026 | 103,333 /yr | |
| 1504 | 2-bed | 1,641 sqft | AED 4MAED 4,000,000 · Feb 2023February 2023 | 220,000 /yr | |
| 1505 | 1-bed | 774 sqft | AED 1.75MAED 1,750,000 · Jun 2022June 2022 | 120,000 /yr | |
| 1506 | 1-bed | 731 sqft | AED 1.69MAED 1,690,000 · May 2022May 2022 | 86,000 /yr | |
| 1507 | 1-bed | 767 sqft | AED 2MAED 2,000,000 · Sep 2022September 2022 | 120,000 /yr |
1508, Vida Residence Downtown in numbers
- Sold 4 times: first on 29 January 2015 for AED 3,992,888, last on 28 December 2020 for AED 2,525,000 (AED 1,540 per sqft).
- Rented since July 2020 on 3 Ejari contracts, from AED 146,000 to AED 350,000 a year.
- At AED 350,000 a year the gross yield on the 2020 price is 13.9%.
- 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 27 November 2023.
Questions about 1508, Vida Residence Downtown
What did unit 1508 last sell for?
AED 2,525,000 on 28 December 2020: AED 1,540 per sqft for 1,640 sqft. The unit has 4 registered sales; the first was AED 3,992,888 in January 2015.
What is the rent for unit 1508?
AED 350,000 a year on the contract signed on 27 November 2023. The previous contract, from January 2022, was AED 325,000; the unit has been rented since July 2020.
How big is unit 1508?
1,640 sqft (152.4 sqm): a two-bedroom hotel apartment on the 15th floor of a 58-storey tower completed in 2018.
What is unit 1508 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 1508, Vida Residence Downtown
Starts from the last sale price (AED 2.53M, 28 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,525,000
- Deposit, UAE resident (20%)
- AED 505,000
- Deposit, non-resident (40%)
- AED 1,010,000
- Monthly over 25 years at 3.7%
- AED 10,331
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →