1-bed · 486 sqftCollective 2.0 Tower B, Dubai Hills Estate · 6th floor · completed 2022

612, Collective 2.0 Tower B

Sold prices and rental history: sold once, by the developer in March 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 612 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 698K12 March 2019
Current rentAED 60K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 612, Collective 2.0 Tower B

What is 612 worth today?

Last sold for AED 697,888 in 2019

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1 Oct 2023RentedNew contract
AED 60,000/yr12 months · AED 121 per sqft
1 Oct 2022RentedNew contract
AED 53,000/yr12 months · AED 107 per sqft
12 Mar 2019Sold by developerOff-plan
AED 697,888AED 1,436 per sqft

Source: Dubai Land Department. Updated 1 October 2023.

Key facts

Type
1-bed apartment
Size
486 sqft
Floor
6th of 18
Parking
B-229
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 1,300 /yr
Last sold
AED 698K · March 2019

About 612, Collective 2.0 Tower B

612 is a one-bedroom apartment of 486 sqft on the 6th 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 12 March 2019 for AED 697,888, or AED 1,436 per sqft, 3% below the AED 1,483 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 October 2023, is AED 60,000 a year: a gross yield of 8.6% on the 2019 price, before the service charge of about AED 1,300 a year.

Sales and rents for 612 over time

Sales
Unit 612, each saleTypical one-bed in Collective 2.0 Tower B
1M2018202120242027Typical sale price by year: 2018 AED 724,388; 2019 AED 712,888; 2020 AED 706,888; 2021 AED 679,944; 2022 AED 797,500; 2023 AED 952,500; 2024 AED 1,100,000; 2025 AED 1,250,000; 2026 AED 1,125,000Sold by developer, March 2019: AED 697,888 (AED 1,436 per sqft)

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

Rents
Unit 612, each contractTypical one-bed in Collective 2.0 Tower B
60K80K202220242026Typical rent by year: 2022 AED 56,000; 2023 AED 68,000; 2024 AED 80,000; 2025 AED 81,108; 2026 AED 75,000New contract, October 2022: AED 53,000 a yearNew contract, October 2023: AED 60,000 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 Collective 2.0 Tower B, and where 612 sits

All 142 1-beds →

612 last sold in March 2019 at AED 1,436 per sqft, 3% below what one-beds in Collective 2.0 Tower B were fetching at the time (AED 1,483). Over the last 12 months one-beds sold for AED 1,000,000 to 1,250,000, around AED 2,423 per sqft, and rent for AED 63,250 to 170,000 a year. 612's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Aug 202636,228
10 Aug 202650,767
16 Jul 20261,125,000
16 Jun 20261,060,000
8 1-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 6th floor

All 270 units in Collective 2.0 Tower B
Value
6012-bedAED 1.09M · Mar 2019
6022-bedAED 1.07M · Mar 2019
6032-bedAED 1.07M · Mar 2019
6041-bedAED 743K · Dec 2019
6062-bedAED 1.13M · Jul 2023
6071-bedAED 683K · Sep 2019
6081-bedAED 683K · Jan 2019
1–7 of 15

612, Collective 2.0 Tower B in numbers

  • Sold once: by Dubai Hills Estate on 12 March 2019 for AED 697,888, or AED 1,436 per sqft.
  • Rented since October 2022 on 2 Ejari contracts, from AED 53,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2019 price is 8.6%, before a service charge of about AED 1,300 a year (AED 2.70 per sqft).
  • One-beds in Collective 2.0 Tower B sold for AED 1,000,000–1,250,000 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 1 October 2023.

Questions about 612, Collective 2.0 Tower B

What did unit 612 last sell for?

AED 697,888 on 12 March 2019, sold by the developer: AED 1,436 per sqft for 486 sqft. It is the only registered sale of the unit.

What is the rent for unit 612?

AED 60,000 a year on the contract signed on 1 October 2023. The previous contract, from October 2022, was AED 53,000.

How big is unit 612?

486 sqft (45.2 sqm): a one-bedroom apartment on the 6th floor of a 18-storey tower completed in 2022.

What is unit 612 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Collective 2.0 Tower B sold for AED 1,000,000 to 1,250,000 in the last 12 months, around AED 2,423 per sqft.

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Mortgage on 612, Collective 2.0 Tower B

Starts from the last sale price (AED 698K, 12 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 697,888
Deposit, UAE resident (20%)
AED 139,578
Deposit, non-resident (40%)
AED 279,155
Monthly over 25 years at 3.7%
AED 2,855

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