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2-bed · 746 sqftCollective Tower 1, Dubai Hills Estate · 5th floor · completed 2022

505, Collective Tower 1

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

Unit 505 · DLD and Ejari recordsUpdated 29 October 2023
Last soldAED 1.04M11 December 2018
Current rentAED 130K /yr29 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Collective Tower 1

What is 505 worth today?

Last sold for AED 1,042,888 in 2018

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29 Oct 2023RentedRenewal
AED 130,000/yr12 months · AED 175 per sqft
29 Oct 2022RentedNew contract
AED 130,000/yr12 months · AED 175 per sqft
11 Dec 2018Sold by developerOff-plan
AED 1,042,888AED 1,397 per sqft

Source: Dubai Land Department. Updated 29 October 2023.

Key facts

Type
2-bed apartment
Size
746 sqft
Floor
5th of 16
Parking
B1-134
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 2,000 /yr
Last sold
AED 1.04M · December 2018
Building
Collective Tower 1

About 505, Collective Tower 1

505 is a two-bedroom apartment of 746 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 11 December 2018 for AED 1,042,888, or AED 1,397 per sqft, in line with the AED 1,406 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 29 October 2023, is AED 130,000 a year: a gross yield of 12.5% on the 2018 price, before the service charge of about AED 2,000 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, December 2018: AED 1,042,888 (AED 1,397 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Collective Tower 1
75K100K125K202220242026Typical rent by year: 2022 AED 77,000; 2023 AED 86,619; 2024 AED 107,642; 2025 AED 112,000; 2026 AED 100,000New contract, October 2022: AED 130,000 a yearRenewal, October 2023: AED 130,000 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 505 sits

All 128 2-beds →

505 last sold in December 2018 at AED 1,397 per sqft, in line with what two-beds in Collective Tower 1 were fetching at the time (AED 1,406). 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. 505's AED 130,000 is in the upper half 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
5032-bedAED 992K · Sep 2018
5041-bedAED 695K · Nov 2018
5062-bedAED 1.7M · Mar 2025
5071-bedAED 650K · Dec 2019
5081-bedAED 740K · Aug 2022
1–7 of 19

505, Collective Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 11 December 2018 for AED 1,042,888, or AED 1,397 per sqft.
  • Rented since October 2022 on 2 Ejari contracts, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2018 price is 12.5%, 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 29 October 2023.

Questions about 505, Collective Tower 1

What did unit 505 last sell for?

AED 1,042,888 on 11 December 2018, sold by the developer: AED 1,397 per sqft for 746 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 130,000 a year on the contract renewed on 29 October 2023. The previous contract, from October 2022, was AED 130,000.

How big is unit 505?

746 sqft (69.3 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2022.

What is unit 505 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 505, Collective Tower 1

Starts from the last sale price (AED 1.04M, 11 December 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,042,888
Deposit, UAE resident (20%)
AED 208,578
Deposit, non-resident (40%)
AED 417,155
Monthly over 25 years at 3.7%
AED 4,267

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