1-bed · 159 sqftCollective Tower 1, Dubai Hills Estate · 6th floor · completed 2022

617, Collective Tower 1

Sold prices and rental history: sold twice, last in January 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 617 · DLD and Ejari recordsUpdated 31 January 2023
Last soldAED 315K31 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 617, Collective Tower 1

What is 617 worth today?

Last sold for AED 315,000 in 2023

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31 Jan 2023SoldReady
AED 315,000AED 1,984 per sqft
21 Oct 2018Sold by developerOff-plan
AED 679,888AED 1,427 per sqft

Source: Dubai Land Department. Updated 31 January 2023.

Key facts

Type
1-bed apartment
Size
159 sqft
Floor
6th of 16
Parking
B1-06
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 400 /yr
Last sold
AED 315K · January 2023

About 617, Collective Tower 1

617 is a one-bedroom apartment of 159 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 31 January 2023 for AED 315,000, or AED 1,984 per sqft, 21% above the AED 1,643 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 617 over time

Sales
Unit 617, each saleTypical one-bed in Collective Tower 1
500K1M2018202120242027Typical 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, October 2018: AED 679,888 (AED 1,427 per sqft)Sold, January 2023: AED 315,000 (AED 1,984 per sqft)

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

Rents
Unit 617, 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 78,000

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 617 sits

All 121 1-beds →

617 last sold in January 2023 at AED 1,984 per sqft, 21% above what one-beds in Collective Tower 1 were fetching at the time (AED 1,643). 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.

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

617, Collective Tower 1 in numbers

  • Sold twice: first on 21 October 2018 for AED 679,888, last on 31 January 2023 for AED 315,000 (AED 1,984 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 31 January 2023.

Questions about 617, Collective Tower 1

What did unit 617 last sell for?

AED 315,000 on 31 January 2023: AED 1,984 per sqft for 159 sqft. The unit has 2 registered sales; the first was AED 679,888 in October 2018.

How big is unit 617?

159 sqft (14.8 sqm): a one-bedroom apartment on the 6th floor of a 16-storey tower completed in 2022.

What is unit 617 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 617, Collective Tower 1

Starts from the last sale price (AED 315K, 31 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 315,000
Deposit, UAE resident (20%)
AED 63,000
Deposit, non-resident (40%)
AED 126,000
Monthly over 25 years at 3.7%
AED 1,289

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