2-bed · 725 sqftCollective Tower 1, Dubai Hills Estate · 1st floor · completed 2022

102, Collective Tower 1

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

Unit 102 · DLD and Ejari recordsUpdated 1 August 2022
Last soldAED 1.22M20 June 2022
Current rentAED 78K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 102, Collective Tower 1

What is 102 worth today?

Last sold for AED 1,220,000 in 2022

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1 Aug 2022RentedNew contract
AED 78,000/yr12 months · AED 108 per sqft
20 Jun 2022SoldReady
AED 1,220,000AED 1,683 per sqft
19 Jun 2019Sold by developerOff-plan
AED 1,006,888AED 1,389 per sqft

Source: Dubai Land Department. Updated 1 August 2022.

Key facts

Type
2-bed apartment
Size
725 sqft
Floor
1st of 16
Parking
B1-132
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 2,000 /yr
Last sold
AED 1.22M · June 2022

About 102, Collective Tower 1

102 is a two-bedroom apartment of 725 sqft on the 1st floor of Collective Tower 1, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. It last sold on 20 June 2022 for AED 1,220,000, or AED 1,683 per sqft, 15% above the AED 1,468 two-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 78,000 a year: a gross yield of 6.4% on the 2022 price, before the service charge of about AED 2,000 a year.

Sales and rents for 102 over time

Sales
Unit 102, each saleTypical two-bed in Collective Tower 1
1M1.5M2018202120242027Typical sale price by year: 2018 AED 1,027,888; 2019 AED 1,025,888; 2020 AED 1,081,888; 2021 AED 995,000; 2022 AED 1,200,000; 2023 AED 1,462,500; 2024 AED 1,700,000; 2025 AED 1,719,500; 2026 AED 1,675,000Sold by developer, June 2019: AED 1,006,888 (AED 1,389 per sqft)Sold, June 2022: AED 1,220,000 (AED 1,683 per sqft)

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

Rents
Unit 102, each contractTypical two-bed in Collective Tower 1
80K100K202220242026Typical rent by year: 2022 AED 77,000; 2023 AED 86,619; 2024 AED 107,642; 2025 AED 112,000; 2026 AED 100,000New contract, August 2022: AED 78,000 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 Tower 1, and where 102 sits

All 128 2-beds →

102 last sold in June 2022 at AED 1,683 per sqft, 15% above what two-beds in Collective Tower 1 were fetching at the time (AED 1,468). Over the last 12 months two-beds sold for AED 1,350,000 to 1,750,000, around AED 2,362 per sqft, and rent for AED 80,400 to 150,000 a year. 102's AED 78,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Sep 20261,620,000
25 Aug 20261,350,000
24 Jul 202613,599
24 Jul 20266,481
15 2-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 1st floor

All 249 units in Collective Tower 1
Value
1012-bedAED 1.05M · Jul 2019
1032-bedAED 1M · Jul 2019
1041-bedAED 689K · Jun 2020
1052-bedAED 1.06M · Mar 2019
1062-bedAED 1.03M · Oct 2018
1071-bedAED 800K · Mar 2023
1081-bedAED 750K · Sep 2022
1–7 of 14

102, Collective Tower 1 in numbers

  • Sold twice: first on 19 June 2019 for AED 1,006,888, last on 20 June 2022 for AED 1,220,000 (AED 1,683 per sqft).
  • Rented since August 2022 on one Ejari contract, at AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2022 price is 6.4%, before a service charge of about AED 2,000 a year (AED 2.70 per sqft).
  • Two-beds in Collective Tower 1 sold for AED 1,350,000–1,750,000 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 1 August 2022.

Questions about 102, Collective Tower 1

What did unit 102 last sell for?

AED 1,220,000 on 20 June 2022: AED 1,683 per sqft for 725 sqft. The unit has 2 registered sales; the first was AED 1,006,888 in June 2019.

What is the rent for unit 102?

AED 78,000 a year on the contract signed on 1 August 2022.

How big is unit 102?

725 sqft (67.4 sqm): a two-bedroom apartment on the 1st floor of a 16-storey tower completed in 2022.

What is unit 102 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Collective Tower 1 sold for AED 1,350,000 to 1,750,000 in the last 12 months, around AED 2,362 per sqft.

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Mortgage on 102, Collective Tower 1

Starts from the last sale price (AED 1.22M, 20 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,220,000
Deposit, UAE resident (20%)
AED 244,000
Deposit, non-resident (40%)
AED 488,000
Monthly over 25 years at 3.7%
AED 4,991

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