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2-bed · 720 sqftCollective Tower 1, Dubai Hills Estate · 5th floor · completed 2022

503, Collective Tower 1

Sold prices and rental history: sold once, by the developer in September 2018, and rented once, from July 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 14 July 2022
Last soldAED 992K26 September 2018
Current rentAED 74K /yr14 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Collective Tower 1

What is 503 worth today?

Last sold for AED 991,888 in 2018

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14 Jul 2022RentedNew contract
AED 74,000/yr12 months · AED 103 per sqft
26 Sep 2018Sold by developerOff-plan
AED 991,888AED 1,378 per sqft

Source: Dubai Land Department. Updated 14 July 2022.

Key facts

Type
2-bed apartment
Size
720 sqft
Floor
5th of 16
Parking
B1-305
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 1,900 /yr
Last sold
AED 992K · September 2018
Building
Collective Tower 1

About 503, Collective Tower 1

503 is a two-bedroom apartment of 720 sqft on the 5th floor of Collective Tower 1, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. The developer sold it on 26 September 2018 for AED 991,888, or AED 1,378 per sqft, in line with the AED 1,407 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 14 July 2022. The current contract, signed on 14 July 2022, is AED 74,000 a year: a gross yield of 7.5% on the 2018 price, before the service charge of about AED 1,900 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, September 2018: AED 991,888 (AED 1,378 per sqft)

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

Rents
Unit 503, 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, July 2022: AED 74,000 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 503 sits

All 128 2-beds →

503 last sold in September 2018 at AED 1,378 per sqft, in line with what two-beds in Collective Tower 1 were fetching at the time (AED 1,407). 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. 503's AED 74,000 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 5th floor

All 249 units in Collective Tower 1
Value
5012-bedAED 1.04M · Sep 2018
5022-bedAED 1.63M · Sep 2025
5041-bedAED 695K · Nov 2018
5052-bedAED 1.04M · Dec 2018
5062-bedAED 1.7M · Mar 2025
5071-bedAED 650K · Dec 2019
5081-bedAED 740K · Aug 2022
1–7 of 19

503, Collective Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 26 September 2018 for AED 991,888, or AED 1,378 per sqft.
  • Rented since July 2022 on one Ejari contract, at AED 74,000 a year.
  • At AED 74,000 a year the gross yield on the 2018 price is 7.5%, before a service charge of about AED 1,900 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 14 July 2022.

Questions about 503, Collective Tower 1

What did unit 503 last sell for?

AED 991,888 on 26 September 2018, sold by the developer: AED 1,378 per sqft for 720 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 74,000 a year on the contract signed on 14 July 2022.

How big is unit 503?

720 sqft (66.9 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2022.

What is unit 503 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 503, Collective Tower 1

Starts from the last sale price (AED 992K, 26 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 991,888
Deposit, UAE resident (20%)
AED 198,378
Deposit, non-resident (40%)
AED 396,755
Monthly over 25 years at 3.7%
AED 4,058

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