1-bed · 476 sqftCollective Tower 1, Dubai Hills Estate · 10th floor · completed 2022

1017, Collective Tower 1

Sold prices and rental history: sold twice, last in November 2023, and rented once, from August 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1017 · DLD and Ejari recordsUpdated 9 November 2023
Last soldAED 1.13M9 November 2023
Current rentAED 50K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1017, Collective Tower 1

What is 1017 worth today?

Last sold for AED 1,125,000 in 2023

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9 Nov 2023SoldReady
AED 1,125,000AED 2,361 per sqft
1 Aug 2022RentedNew contract
AED 50,000/yr12 months · AED 106 per sqft
28 Jan 2019Sold by developerOff-plan
AED 699,888AED 1,469 per sqft

Source: Dubai Land Department. Updated 9 November 2023.

Key facts

Type
1-bed apartment
Size
476 sqft
Floor
10th of 16
Parking
B1-52
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 1,300 /yr
Last sold
AED 1.13M · November 2023

About 1017, Collective Tower 1

1017 is a one-bedroom apartment of 476 sqft on the 10th floor of Collective Tower 1, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. It last sold on 9 November 2023 for AED 1,125,000, or AED 2,361 per sqft, 24% above the AED 1,905 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2022. The current contract, signed on 1 August 2022, is AED 50,000 a year: a gross yield of 4.4% on the 2023 price, before the service charge of about AED 1,300 a year.

Sales and rents for 1017 over time

Sales
Unit 1017, each saleTypical one-bed in Collective Tower 1
1M2018202120242027Typical sale price by year: 2018 AED 699,388; 2019 AED 688,888; 2020 AED 771,860; 2021 AED 660,000; 2022 AED 780,000; 2023 AED 1,025,000; 2024 AED 1,250,000; 2025 AED 1,275,000; 2026 AED 1,205,000Sold by developer, January 2019: AED 699,888 (AED 1,469 per sqft)Sold, November 2023: AED 1,125,000 (AED 2,361 per sqft)

1017 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1017, each contractTypical one-bed in Collective Tower 1
60K80K202220242026Typical rent by year: 2022 AED 55,000; 2023 AED 65,000; 2024 AED 80,000; 2025 AED 85,000; 2026 AED 78,000New contract, August 2022: AED 50,000 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 Tower 1, and where 1017 sits

All 121 1-beds →

1017 last sold in November 2023 at AED 2,361 per sqft, 24% above what one-beds in Collective Tower 1 were fetching at the time (AED 1,905). Over the last 12 months one-beds sold for AED 1,000,000 to 1,340,000, around AED 2,538 per sqft, and rent for AED 54,240 to 107,000 a year. 1017's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Aug 202693,190
4 Jul 20261,170,000
6 May 20261,100,000
29 Apr 20261,050,000
10 1-bed sales in the last 12 months

Collective Tower 1

Building

249 apartments, 1-bed to 2-bed over 16 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 25 sold in the last 12 months.

Typical price per sqft
AED 2,385 Down 3.4%
Typical sale
AED 1.35M
Typical rent
AED 90K /yr
Typical yield
6.5%
Collective Tower 1, Dubai Hills Estate: prices, sales and rents →

Other units on the 10th floor

All 249 units in Collective Tower 1
Value
10012-bedAED 1.03M · Mar 2019
10022-bedAED 1M · Mar 2019
10032-bedAED 1.62M · Sep 2026
10041-bedAED 701K · Feb 2019
10052-bedAED 1.7M · Feb 2024
10062-bedAED 1.2M · Oct 2022
10071-bedAED 820K · Nov 2022
1–7 of 19

1017, Collective Tower 1 in numbers

  • Sold twice: first on 28 January 2019 for AED 699,888, last on 9 November 2023 for AED 1,125,000 (AED 2,361 per sqft).
  • Rented since August 2022 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 4.4%, before a service charge of about AED 1,300 a year (AED 2.70 per sqft).
  • One-beds in Collective Tower 1 sold for AED 1,000,000–1,340,000 in the 12 months to November 2026; the building's median across all types is AED 2,385 per sqft.

Source: Dubai Land Department. Updated 9 November 2023.

Questions about 1017, Collective Tower 1

What did unit 1017 last sell for?

AED 1,125,000 on 9 November 2023: AED 2,361 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 699,888 in January 2019.

What is the rent for unit 1017?

AED 50,000 a year on the contract signed on 1 August 2022.

How big is unit 1017?

476 sqft (44.2 sqm): a one-bedroom apartment on the 10th floor of a 16-storey tower completed in 2022.

What is unit 1017 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Collective Tower 1 sold for AED 1,000,000 to 1,340,000 in the last 12 months, around AED 2,538 per sqft.

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Mortgage on 1017, Collective Tower 1

Starts from the last sale price (AED 1.13M, 9 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,125,000
Deposit, UAE resident (20%)
AED 225,000
Deposit, non-resident (40%)
AED 450,000
Monthly over 25 years at 3.7%
AED 4,603

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