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2-bed · 729 sqftCollective Tower 1, Dubai Hills Estate · 9th floor · completed 2022

916, 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 916 · DLD and Ejari recordsUpdated 19 August 2024
Last soldAED 1.03M18 December 2018
Current rentAED 100K /yr19 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 916, Collective Tower 1

What is 916 worth today?

Last sold for AED 1,029,888 in 2018

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19 Aug 2024RentedRenewal
AED 99,600/yr12 months · AED 138 per sqft
19 Aug 2023RentedRenewal
AED 99,600/yr12 months · AED 138 per sqft
19 Aug 2022RentedNew contract
AED 83,000/yr12 months · AED 113 per sqft
18 Dec 2018Sold by developerOff-plan
AED 1,029,888AED 1,412 per sqft

Source: Dubai Land Department. Updated 19 August 2024.

Key facts

Type
2-bed apartment
Size
729 sqft
Floor
9th of 16
Parking
B1-172
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 2,000 /yr
Last sold
AED 1.03M · December 2018
Building
Collective Tower 1

About 916, Collective Tower 1

916 is a two-bedroom apartment of 729 sqft on the 9th 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 18 December 2018 for AED 1,029,888, or AED 1,412 per sqft, in line with the AED 1,407 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 19 August 2024, is AED 99,600 a year: a gross yield of 9.7% on the 2018 price, before the service charge of about AED 2,000 a year.

Sales and rents for 916 over time

Sales
Unit 916, 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 1,029,888 (AED 1,412 per sqft)

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

Rents
Unit 916, 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 100,000New contract, August 2022: AED 83,000 a yearRenewal, August 2023: AED 99,600 a yearRenewal, August 2024: AED 99,600 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 916 sits

All 128 2-beds →

916 last sold in December 2018 at AED 1,412 per sqft, in line with what two-beds in Collective Tower 1 were fetching at the time (AED 1,407). 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. 916's AED 99,600 is in the lower 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 9th floor

All 249 units in Collective Tower 1
Value
9012-bedAED 975K · Oct 2021
9022-bedAED 1M · Jun 2019
9032-bedAED 1.02M · Sep 2018
9041-bedAED 1M · Jul 2023
9052-bedAED 1.25M · Oct 2022
9062-bedAED 1.13M · Nov 2021
9071-bedAED 1.23M · Dec 2023
1–7 of 19

916, Collective Tower 1 in numbers

  • Sold once: by Dubai Hills Estate on 18 December 2018 for AED 1,029,888, or AED 1,412 per sqft.
  • Rented since August 2022 on 3 Ejari contracts, from AED 83,000 to AED 99,600 a year.
  • At AED 99,600 a year the gross yield on the 2018 price is 9.7%, 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 19 August 2024.

Questions about 916, Collective Tower 1

What did unit 916 last sell for?

AED 1,029,888 on 18 December 2018, sold by the developer: AED 1,412 per sqft for 729 sqft. It is the only registered sale of the unit.

What is the rent for unit 916?

AED 99,600 a year on the contract renewed on 19 August 2024. The previous contract, from August 2023, was AED 99,600; the unit has been rented since August 2022.

How big is unit 916?

729 sqft (67.7 sqm): a two-bedroom apartment on the 9th floor of a 16-storey tower completed in 2022.

What is unit 916 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 916, Collective Tower 1

Starts from the last sale price (AED 1.03M, 18 December 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,029,888
Deposit, UAE resident (20%)
AED 205,978
Deposit, non-resident (40%)
AED 411,955
Monthly over 25 years at 3.7%
AED 4,214

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