2-bed · 741 sqftCollective 2.0 Tower B, Dubai Hills Estate · 5th floor · completed 2022

514, Collective 2.0 Tower B

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

Unit 514 · DLD and Ejari recordsUpdated 18 November 2022
Last soldAED 1.13M26 January 2022
Current rentAED 100K /yr18 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 514, Collective 2.0 Tower B

What is 514 worth today?

Last sold for AED 1,126,888 in 2022

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18 Nov 2022RentedNew contract
AED 100,000/yr12 months · AED 135 per sqft
26 Jan 2022Sold by developerOff-plan
AED 1,126,888AED 1,519 per sqft

Source: Dubai Land Department. Updated 18 November 2022.

Key facts

Type
2-bed apartment
Size
741 sqft
Floor
5th of 18
Parking
B-312
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 2,000 /yr
Last sold
AED 1.13M · January 2022

About 514, Collective 2.0 Tower B

514 is a two-bedroom apartment of 741 sqft on the 5th floor of Collective 2.0 Tower B, a 18-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. The developer sold it on 26 January 2022 for AED 1,126,888, or AED 1,519 per sqft, 3% below the AED 1,568 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 18 November 2022. The current contract, signed on 18 November 2022, is AED 100,000 a year: a gross yield of 8.9% on the 2022 price, before the service charge of about AED 2,000 a year.

Sales and rents for 514 over time

Sales
Unit 514, each saleTypical two-bed in Collective 2.0 Tower B
1M1.5M20192021202320252027Typical sale price by year: 2019 AED 1,074,888; 2020 AED 1,081,888; 2021 AED 1,145,888; 2022 AED 1,214,249; 2023 AED 1,400,000; 2024 AED 1,725,000; 2025 AED 1,750,000; 2026 AED 1,760,000Sold by developer, January 2022: AED 1,126,888 (AED 1,519 per sqft)

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

Rents
Unit 514, each contractTypical two-bed in Collective 2.0 Tower B
80K100K120K202220242026Typical rent by year: 2022 AED 80,000; 2023 AED 88,000; 2024 AED 108,500; 2025 AED 115,000; 2026 AED 110,000New contract, November 2022: AED 100,000 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 Collective 2.0 Tower B, and where 514 sits

All 128 2-beds →

514 last sold in January 2022 at AED 1,519 per sqft, 3% below what two-beds in Collective 2.0 Tower B were fetching at the time (AED 1,568). Over the last 12 months two-beds sold for AED 1,500,000 to 2,000,000, around AED 2,375 per sqft, and rent for AED 72,000 to 142,776 a year. 514's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Oct 20261,520,000
10 Aug 202668,482
7 Aug 202688,633
6 Aug 202652,448
13 2-bed sales in the last 12 months

Collective 2.0 Tower B

Building

270 apartments, 1-bed to 2-bed over 18 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 21 sold in the last 12 months.

Typical price per sqft
AED 2,423 Down 1.9%
Typical sale
AED 1.51M
Typical rent
AED 88K /yr
Typical yield
6.5%
Collective 2.0 Tower B, Dubai Hills Estate: prices, sales and rents →

Other units on the 5th floor

All 270 units in Collective 2.0 Tower B
Value
5012-bedAED 1.15M · Mar 2022
5022-bedAED 1.2M · Jun 2022
5032-bedAED 1.18M · Mar 2022
5041-bedAED 742K · Oct 2022
5052-bedAED 1.2M · Jan 2022
5062-bedAED 1.65M · Oct 2023
5071-bedAED 780K · Aug 2022
1–7 of 16

514, Collective 2.0 Tower B in numbers

  • Sold once: by Dubai Hills Estate on 26 January 2022 for AED 1,126,888, or AED 1,519 per sqft.
  • Rented since November 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 8.9%, before a service charge of about AED 2,000 a year (AED 2.70 per sqft).
  • Two-beds in Collective 2.0 Tower B sold for AED 1,500,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,423 per sqft.

Source: Dubai Land Department. Updated 18 November 2022.

Questions about 514, Collective 2.0 Tower B

What did unit 514 last sell for?

AED 1,126,888 on 26 January 2022, sold by the developer: AED 1,519 per sqft for 741 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 100,000 a year on the contract signed on 18 November 2022.

How big is unit 514?

741 sqft (68.8 sqm): a two-bedroom apartment on the 5th floor of a 18-storey tower completed in 2022.

What is unit 514 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Collective 2.0 Tower B sold for AED 1,500,000 to 2,000,000 in the last 12 months, around AED 2,375 per sqft.

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Mortgage on 514, Collective 2.0 Tower B

Starts from the last sale price (AED 1.13M, 26 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,126,888
Deposit, UAE resident (20%)
AED 225,378
Deposit, non-resident (40%)
AED 450,755
Monthly over 25 years at 3.7%
AED 4,610

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