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1-bed · 475 sqftCollective Tower 1, Dubai Hills Estate · 6th floor · completed 2022

607, Collective Tower 1

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

Unit 607 · DLD and Ejari recordsUpdated 12 April 2024
Last soldAED 680K5 July 2018
Current rentAED 58K /yr12 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 607, Collective Tower 1

What is 607 worth today?

Last sold for AED 679,888 in 2018

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12 Apr 2024RentedRenewal
AED 57,500/yr12 months · AED 121 per sqft
12 Apr 2023RentedRenewal
AED 55,000/yr12 months · AED 116 per sqft
12 Apr 2022RentedNew contract
AED 55,000/yr12 months · AED 116 per sqft
5 Jul 2018Sold by developerOff-plan
AED 679,888AED 1,432 per sqft

Source: Dubai Land Department. Updated 12 April 2024.

Key facts

Type
1-bed apartment
Size
475 sqft
Floor
6th of 16
Parking
B1-07
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 1,300 /yr
Last sold
AED 680K · July 2018
Building
Collective Tower 1

About 607, Collective Tower 1

607 is a one-bedroom apartment of 475 sqft on the 6th 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 5 July 2018 for AED 679,888, or AED 1,432 per sqft.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 12 April 2024, is AED 57,500 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 1,300 a year.

Sales and rents for 607 over time

Sales
Unit 607, 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, July 2018: AED 679,888 (AED 1,432 per sqft)

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

Rents
Unit 607, 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, April 2022: AED 55,000 a yearRenewal, April 2023: AED 55,000 a yearRenewal, April 2024: AED 57,500 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 607 sits

All 121 1-beds →

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. 607's AED 57,500 is in the lower half 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 6th floor

All 249 units in Collective Tower 1
Value
6012-bedAED 1.02M · Mar 2019
6022-bedAED 820K · Aug 2021
6032-bedAED 1.01M · Mar 2019
6041-bedAED 696K · Feb 2019
6052-bedAED 1.02M · Jun 2019
6062-bedAED 1M · Mar 2019
6081-bedAED 679K · Feb 2019
1–7 of 19

607, Collective Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 5 July 2018 for AED 679,888, or AED 1,432 per sqft.
  • Rented since April 2022 on 3 Ejari contracts, from AED 55,000 to AED 57,500 a year.
  • At AED 57,500 a year the gross yield on the 2018 price is 8.5%, 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 12 April 2024.

Questions about 607, Collective Tower 1

What did unit 607 last sell for?

AED 679,888 on 5 July 2018, sold by the developer: AED 1,432 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 607?

AED 57,500 a year on the contract renewed on 12 April 2024. The previous contract, from April 2023, was AED 55,000; the unit has been rented since April 2022.

How big is unit 607?

475 sqft (44.1 sqm): a one-bedroom apartment on the 6th floor of a 16-storey tower completed in 2022.

What is unit 607 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 607, Collective Tower 1

Starts from the last sale price (AED 680K, 5 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 679,888
Deposit, UAE resident (20%)
AED 135,978
Deposit, non-resident (40%)
AED 271,955
Monthly over 25 years at 3.7%
AED 2,782

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