505, Harbour Gate Tower 1
Sold prices and rental history: sold twice, last in December 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Harbour Gate Tower 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 2 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 847 sqft
- Floor
- 5th of 37
- Parking
- B2-177
- Developer
- Emaar
- Completed
- 2022
- Service charge
- AED 18,000 /yr
- Last sold
- AED 1.5M · December 2023
- Building
- Harbour Gate Tower 1
About 505, Harbour Gate Tower 1
505 is a one-bedroom apartment of 847 sqft on the 5th floor of Harbour Gate Tower 1, a 37-storey tower in Dubai Creek Harbour completed in 2022 by Emaar. It last sold on 28 December 2023 for AED 1,500,000, or AED 1,770 per sqft, 3% below the AED 1,830 one-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 2 April 2024, is AED 85,000 a year: a gross yield of 5.7% on the 2023 price, before the service charge of about AED 18,000 a year.
Sales and rents for 505 over time
505 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Harbour Gate Tower 1, and where 505 sits
All 75 1-beds →505 last sold in December 2023 at AED 1,770 per sqft, 3% below what one-beds in Harbour Gate Tower 1 were fetching at the time (AED 1,830). Over the last 12 months one-beds sold for AED 1,350,000 to 1,690,000, around AED 2,181 per sqft, and rent for AED 75,000 to 120,000 a year. 505's AED 85,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 686 sqft | 1,470,000 | 2,143 | ||
| 27 Aug 202627 August 2026 | 684 sqft | 1,430,000 | 2,091 | ||
| 22 Jul 202622 July 2026 | 686 sqft | 1,350,000 | 1,968 | ||
| 7 Jul 20267 July 2026 | 680 sqft | 1,510,000 | 2,218 |
Harbour Gate Tower 1
Building262 apartments, 1-bed to 4-bed over 37 floors in Dubai Creek Harbour, completed in 2022 by Emaar. 23 sold in the last 12 months.
- Typical price per sqft
- AED 2,220 Up 1.8%
- Typical sale
- AED 2.55M
- Typical rent
- AED 132K /yr
- Typical yield
- 5.5%
Other units on the 5th floor
All 262 units in Harbour Gate Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,639 sqft | AED 2.7MAED 2,704,888 · Nov 2021November 2021 | 210,000 /yr | |
| 502 | 1-bed | 684 sqft | AED 1.2MAED 1,195,888 · Jul 2019July 2019 | 90,000 /yr | |
| 504 | 2-bed | 1,149 sqft | AED 1.91MAED 1,913,888 · Sep 2017September 2017 | 76,500 /yr | |
| 506 | 1-bed | 681 sqft | AED 962KAED 961,888 · Apr 2017April 2017 | 75,000 /yr | |
| 507 | 1-bed | 683 sqft | AED 1.5MAED 1,500,000 · Oct 2024October 2024 | ||
| 508 | 2-bed | 1,141 sqft | AED 1.42MAED 1,422,888 · Apr 2017April 2017 | 130,000 /yr | |
| 509 | 2-bed | 1,149 sqft | AED 1.46MAED 1,461,888 · Apr 2018April 2018 | 135,000 /yr |
505, Harbour Gate Tower 1 in numbers
- Sold twice: first on 4 April 2017 for AED 1,345,888, last on 28 December 2023 for AED 1,500,000 (AED 1,770 per sqft).
- Rented since April 2023 on 2 Ejari contracts, at AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2023 price is 5.7%, before a service charge of about AED 18,000 a year (AED 21.29 per sqft).
- One-beds in Harbour Gate Tower 1 sold for AED 1,350,000–1,690,000 in the 12 months to November 2026; the building's median across all types is AED 2,220 per sqft.
Source: Dubai Land Department. Updated 2 April 2024.
Questions about 505, Harbour Gate Tower 1
What did unit 505 last sell for?
AED 1,500,000 on 28 December 2023: AED 1,770 per sqft for 847 sqft. The unit has 2 registered sales; the first was AED 1,345,888 in April 2017.
What is the rent for unit 505?
AED 85,000 a year on the contract renewed on 2 April 2024. The previous contract, from April 2023, was AED 85,000.
How big is unit 505?
847 sqft (78.7 sqm): a one-bedroom apartment on the 5th floor of a 37-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. One-beds in Harbour Gate Tower 1 sold for AED 1,350,000 to 1,690,000 in the last 12 months, around AED 2,181 per sqft.
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Mortgage on 505, Harbour Gate Tower 1
Starts from the last sale price (AED 1.5M, 28 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,500,000
- Deposit, UAE resident (20%)
- AED 300,000
- Deposit, non-resident (40%)
- AED 600,000
- Monthly over 25 years at 3.7%
- AED 6,137
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →