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2-bed · 1,042 sqftCreek Gate Tower 2, Dubai Creek Harbour · 5th floor · completed 2021

505, Creek Gate Tower 2

Sold prices and rental history: sold once, by the developer in April 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 12 October 2022
Last soldAED 1.81M30 April 2018
Current rentAED 90K /yr12 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Creek Gate Tower 2

What is 505 worth today?

Last sold for AED 1,809,888 in 2018

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12 Oct 2022RentedNew contract
AED 90,000/yr12 months · AED 86 per sqft
15 Jun 2022RentedNew contract
AED 90,000/yr12 months · AED 86 per sqft
30 Apr 2018Sold by developerOff-plan
AED 1,809,888AED 1,736 per sqft

Source: Dubai Land Department. Updated 12 October 2022.

Key facts

Type
2-bed apartment
Size
1,042 sqft
Floor
5th of 28
Parking
B1-273
Developer
Emaar
Completed
2021
Service charge
AED 15,600 /yr
Last sold
AED 1.81M · April 2018
Building
Creek Gate Tower 2

About 505, Creek Gate Tower 2

505 is a two-bedroom apartment of 1,042 sqft on the 5th floor of Creek Gate Tower 2, a 28-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. The developer sold it on 30 April 2018 for AED 1,809,888, or AED 1,736 per sqft, in line with the AED 1,709 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 12 October 2022, is AED 90,000 a year: a gross yield of 5.0% on the 2018 price, before the service charge of about AED 15,600 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Creek Gate Tower 2
1.5M2M2.5M2017202020232026Typical sale price by year: 2017 AED 1,659,388; 2018 AED 1,537,888; 2019 AED 1,792,888; 2020 AED 1,887,888; 2021 AED 2,256,888; 2022 AED 1,807,944; 2023 AED 2,200,000; 2024 AED 2,300,000; 2025 AED 2,500,000; 2026 AED 2,525,000Sold by developer, April 2018: AED 1,809,888 (AED 1,736 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Creek Gate Tower 2
100K125K202220242026Typical rent by year: 2022 AED 85,000; 2023 AED 105,000; 2024 AED 121,000; 2025 AED 130,000; 2026 AED 126,000New contract, June 2022: AED 90,000 a yearNew contract, October 2022: AED 90,000 a year

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

2-beds in Creek Gate Tower 2, and where 505 sits

All 105 2-beds →

505 last sold in April 2018 at AED 1,736 per sqft, in line with what two-beds in Creek Gate Tower 2 were fetching at the time (AED 1,709). Over the last 12 months two-beds sold for AED 2,500,000 to 2,700,000, around AED 2,362 per sqft, and rent for AED 109,412 to 205,000 a year. 505's AED 90,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 May 20262,500,000
10 Apr 20262,550,000
26 Feb 20262,500,000
23 Feb 20262,700,000
6 2-bed sales in the last 12 months

Creek Gate Tower 2

Building

217 apartments, 1-bed to 4-bed over 28 floors in Dubai Creek Harbour, completed in 2021 by Emaar. 17 sold in the last 12 months.

Typical price per sqft
AED 2,242 Down 1.1%
Typical sale
AED 2.6M
Typical rent
AED 125K /yr
Typical yield
5.4%
Creek Gate Tower 2, Dubai Creek Harbour: prices, sales and rents →

Other units on the 5th floor

All 217 units in Creek Gate Tower 2
Value
5011-bedAED 1.02M · Jun 2022
5022-bedAED 1.57M · Oct 2019
5033-bedAED 3.09M · Mar 2023
5042-bedAED 1.77M · Sep 2017
5063-bedAED 3.31M · Sep 2022
5072-bedAED 1.49M · Mar 2018
5081-bedAED 1M · Feb 2017

505, Creek Gate Tower 2 in numbers

  • Sold once: by Emaar on 30 April 2018 for AED 1,809,888, or AED 1,736 per sqft.
  • Rented since June 2022 on 2 Ejari contracts, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2018 price is 5.0%, before a service charge of about AED 15,600 a year (AED 15.00 per sqft).
  • Two-beds in Creek Gate Tower 2 sold for AED 2,500,000–2,700,000 in the 12 months to November 2026; the building's median across all types is AED 2,242 per sqft.

Source: Dubai Land Department. Updated 12 October 2022.

Questions about 505, Creek Gate Tower 2

What did unit 505 last sell for?

AED 1,809,888 on 30 April 2018, sold by the developer: AED 1,736 per sqft for 1,042 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 90,000 a year on the contract signed on 12 October 2022. The previous contract, from June 2022, was AED 90,000.

How big is unit 505?

1,042 sqft (96.8 sqm): a two-bedroom apartment on the 5th floor of a 28-storey tower completed in 2021.

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 Creek Gate Tower 2 sold for AED 2,500,000 to 2,700,000 in the last 12 months, around AED 2,362 per sqft.

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Mortgage on 505, Creek Gate Tower 2

Starts from the last sale price (AED 1.81M, 30 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,809,888
Deposit, UAE resident (20%)
AED 361,978
Deposit, non-resident (40%)
AED 723,955
Monthly over 25 years at 3.7%
AED 7,405

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