1-bed · 487 sqftCollective Tower 1, Dubai Hills Estate · 6th floor · completed 2022

614, Collective Tower 1

Sold prices and rental history: sold twice, last in December 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 614 · DLD and Ejari recordsUpdated 11 December 2024
Last soldAED 1.28M11 December 2024
Current rentAED 90K /yr22 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 614, Collective Tower 1

What is 614 worth today?

Last sold for AED 1,280,000 in 2024

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11 Dec 2024SoldReady
AED 1,280,000AED 2,627 per sqft
22 Dec 2023RentedNew contract
AED 90,000/yr12 months · AED 186 per sqft
30 Oct 2022RentedNew contract
AED 65,000/yr12 months · AED 134 per sqft
12 Feb 2019Sold by developerOff-plan
AED 693,888AED 1,424 per sqft

Source: Dubai Land Department. Updated 11 December 2024.

Key facts

Type
1-bed apartment
Size
487 sqft
Floor
6th of 16
Parking
B1-39
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 1,300 /yr
Last sold
AED 1.28M · December 2024

About 614, Collective Tower 1

614 is a one-bedroom apartment of 487 sqft on the 6th floor of Collective Tower 1, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. It last sold on 11 December 2024 for AED 1,280,000, or AED 2,627 per sqft, 6% above the AED 2,471 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 22 December 2023, is AED 90,000 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 1,300 a year.

Sales and rents for 614 over time

Sales
Unit 614, 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, February 2019: AED 693,888 (AED 1,424 per sqft)Sold, December 2024: AED 1,280,000 (AED 2,627 per sqft)

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

Rents
Unit 614, 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, October 2022: AED 65,000 a yearNew contract, December 2023: AED 90,000 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 614 sits

All 121 1-beds →

614 last sold in December 2024 at AED 2,627 per sqft, 6% above what one-beds in Collective Tower 1 were fetching at the time (AED 2,471). 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. 614's AED 90,000 is in the upper 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
6071-bedAED 680K · Jul 2018
1–7 of 19

614, Collective Tower 1 in numbers

  • Sold twice: first on 12 February 2019 for AED 693,888, last on 11 December 2024 for AED 1,280,000 (AED 2,627 per sqft).
  • Rented since October 2022 on 2 Ejari contracts, from AED 65,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2024 price is 7.0%, 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 11 December 2024.

Questions about 614, Collective Tower 1

What did unit 614 last sell for?

AED 1,280,000 on 11 December 2024: AED 2,627 per sqft for 487 sqft. The unit has 2 registered sales; the first was AED 693,888 in February 2019.

What is the rent for unit 614?

AED 90,000 a year on the contract signed on 22 December 2023. The previous contract, from October 2022, was AED 65,000.

How big is unit 614?

487 sqft (45.2 sqm): a one-bedroom apartment on the 6th floor of a 16-storey tower completed in 2022.

What is unit 614 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 614, Collective Tower 1

Starts from the last sale price (AED 1.28M, 11 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,280,000
Deposit, UAE resident (20%)
AED 256,000
Deposit, non-resident (40%)
AED 512,000
Monthly over 25 years at 3.7%
AED 5,237

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