2-bed · 723 sqftCollective Tower 1, Dubai Hills Estate · 5th floor · completed 2022

511, Collective Tower 1

Sold prices and rental history: sold once, by the developer in September 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 30 September 2018
Last soldAED 1.01M30 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 511, Collective Tower 1

What is 511 worth today?

Last sold for AED 1,014,888 in 2018

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30 Sep 2018Sold by developerOff-plan
AED 1,014,888AED 1,403 per sqft

Source: Dubai Land Department. Updated 30 September 2018.

Key facts

Type
2-bed apartment
Size
723 sqft
Floor
5th of 16
Parking
B1-82
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 2,000 /yr
Last sold
AED 1.01M · September 2018

About 511, Collective Tower 1

511 is a two-bedroom apartment of 723 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 30 September 2018 for AED 1,014,888, or AED 1,403 per sqft, in line with the AED 1,405 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 511 over time

Sales
Unit 511, 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 1,014,888 (AED 1,403 per sqft)

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

Rents
Unit 511, 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 100,000

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 511 sits

All 128 2-beds →

511 last sold in September 2018 at AED 1,403 per sqft, in line with what two-beds in Collective Tower 1 were fetching at the time (AED 1,405). 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.

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
5052-bedAED 1.04M · Dec 2018
5062-bedAED 1.7M · Mar 2025
5071-bedAED 650K · Dec 2019
1–7 of 19

511, Collective Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 30 September 2018 for AED 1,014,888, or AED 1,403 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 30 September 2018.

Questions about 511, Collective Tower 1

What did unit 511 last sell for?

AED 1,014,888 on 30 September 2018, sold by the developer: AED 1,403 per sqft for 723 sqft. It is the only registered sale of the unit.

How big is unit 511?

723 sqft (67.2 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2022.

What is unit 511 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 511, Collective Tower 1

Starts from the last sale price (AED 1.01M, 30 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,014,888
Deposit, UAE resident (20%)
AED 202,978
Deposit, non-resident (40%)
AED 405,955
Monthly over 25 years at 3.7%
AED 4,152

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