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1-bed · 729 sqftSunrise Bay Tower 2, Dubai Harbour · completed 2021

P503, Sunrise Bay Tower 2

Sold prices and rental history: sold 3 times, last in March 2022, and rented once, from April 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P503 · DLD and Ejari recordsUpdated 23 April 2022
Last soldAED 1.64M14 March 2022
Current rentAED 100K /yr23 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P503, Sunrise Bay Tower 2

What is P503 worth today?

Last sold for AED 1,640,000 in 2022

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23 Apr 2022RentedNew contract
AED 100,000/yr12 months · AED 137 per sqft
14 Mar 2022SoldReady
AED 1,640,000AED 2,251 per sqft
21 Feb 2021SoldOff-plan
AED 1,330,000AED 1,825 per sqft
31 Oct 2018Sold by developerOff-plan
AED 1,326,888AED 1,821 per sqft

Source: Dubai Land Department. Updated 23 April 2022.

Key facts

Type
1-bed apartment
Size
729 sqft
Parking
P5-78
Developer
Emaar
Completed
2021
Service charge
AED 15,600 /yr
Last sold
AED 1.64M · March 2022
Building
Sunrise Bay Tower 2

About P503, Sunrise Bay Tower 2

P503 is a one-bedroom apartment of 729 sqft of Sunrise Bay Tower 2, a 26-storey tower in Dubai Harbour completed in 2021 by Emaar. It last sold on 14 March 2022 for AED 1,640,000, or AED 2,251 per sqft, 4% above the AED 2,157 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 23 April 2022. The current contract, signed on 23 April 2022, is AED 100,000 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 15,600 a year.

Sales and rents for P503 over time

Sales
Unit P503, each saleTypical one-bed in Sunrise Bay Tower 2
2M2018202120242027Typical sale price by year: 2018 AED 1,407,888; 2019 AED 1,476,888; 2021 AED 1,532,699; 2022 AED 1,950,000; 2023 AED 2,532,500; 2024 AED 2,332,500; 2025 AED 2,400,000; 2026 AED 2,000,000Sold by developer, October 2018: AED 1,326,888 (AED 1,821 per sqft)Sold, February 2021: AED 1,330,000 (AED 1,825 per sqft)Sold, March 2022: AED 1,640,000 (AED 2,251 per sqft)

P503 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit P503, each contractTypical one-bed in Sunrise Bay Tower 2
100K120K140K202220242026Typical rent by year: 2022 AED 125,000; 2023 AED 129,125; 2024 AED 144,000; 2025 AED 135,000; 2026 AED 115,000New contract, April 2022: AED 100,000 a year

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

1-beds in Sunrise Bay Tower 2, and where P503 sits

All 58 1-beds →

P503 last sold in March 2022 at AED 2,251 per sqft, 4% above what one-beds in Sunrise Bay Tower 2 were fetching at the time (AED 2,157). Over the last 12 months one-beds sold for AED 2,000,000 to 2,250,000, around AED 2,465 per sqft, and rent for AED 83,000 to 166,356 a year. P503's AED 100,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Sep 20262,000,000
10 Jun 20262,000,000
29 Jan 20262,250,000
29 Oct 20252,267,500
3 1-bed sales in the last 12 months

Sunrise Bay Tower 2

Building

194 apartments, 1-bed to 3-bed over 26 floors in Dubai Harbour, completed in 2021 by Emaar. 12 sold in the last 12 months.

Typical price per sqft
AED 2,698 Down 14.1%
Typical sale
AED 3.6M
Typical rent
AED 170K /yr
Typical yield
5.3%
Sunrise Bay Tower 2, Dubai Harbour: prices, sales and rents →

P503, Sunrise Bay Tower 2 in numbers

  • Sold 3 times: first on 31 October 2018 for AED 1,326,888, last on 14 March 2022 for AED 1,640,000 (AED 2,251 per sqft).
  • Rented since April 2022 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 6.1%, before a service charge of about AED 15,600 a year (AED 21.45 per sqft).
  • One-beds in Sunrise Bay Tower 2 sold for AED 2,000,000–2,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,698 per sqft.

Source: Dubai Land Department. Updated 23 April 2022.

Questions about P503, Sunrise Bay Tower 2

What did unit P503 last sell for?

AED 1,640,000 on 14 March 2022: AED 2,251 per sqft for 729 sqft. The unit has 3 registered sales; the first was AED 1,326,888 in October 2018.

What is the rent for unit P503?

AED 100,000 a year on the contract signed on 23 April 2022.

How big is unit P503?

729 sqft (67.7 sqm): a one-bedroom apartment of a 26-storey tower completed in 2021.

What is unit P503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Sunrise Bay Tower 2 sold for AED 2,000,000 to 2,250,000 in the last 12 months, around AED 2,465 per sqft.

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Mortgage on P503, Sunrise Bay Tower 2

Starts from the last sale price (AED 1.64M, 14 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,640,000
Deposit, UAE resident (20%)
AED 328,000
Deposit, non-resident (40%)
AED 656,000
Monthly over 25 years at 3.7%
AED 6,710

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