2-bed · 743 sqftCollective Tower 2, Dubai Hills Estate · 13th floor · completed 2022

1309, Collective Tower 2

Sold prices and rental history: sold 4 times, last in November 2023, and rented once, from July 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1309 · DLD and Ejari recordsUpdated 30 November 2023
Last soldAED 1.6M30 November 2023
Current rentAED 76K /yr15 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1309, Collective Tower 2

What is 1309 worth today?

Last sold for AED 1,600,000 in 2023

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30 Nov 2023SoldReady
AED 1,600,000AED 2,153 per sqft
23 Jan 2023SoldReady
AED 1,300,000AED 1,749 per sqft
15 Jul 2022RentedNew contract
AED 76,000/yr12 months · AED 102 per sqft
14 Jul 2021SoldOff-plan
AED 930,000AED 1,251 per sqft
7 Mar 2019Sold by developerOff-plan
AED 1,035,888AED 1,394 per sqft

Source: Dubai Land Department. Updated 30 November 2023.

Key facts

Type
2-bed apartment
Size
743 sqft
Floor
13th of 16
Parking
B1-273
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 2,000 /yr
Last sold
AED 1.6M · November 2023

About 1309, Collective Tower 2

1309 is a two-bedroom apartment of 743 sqft on the 13th floor of Collective Tower 2, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. It last sold on 30 November 2023 for AED 1,600,000, or AED 2,153 per sqft, 17% above the AED 1,846 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 July 2022. The current contract, signed on 15 July 2022, is AED 76,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 2,000 a year.

Sales and rents for 1309 over time

Sales
Unit 1309, each saleTypical two-bed in Collective Tower 2
1M1.5M2018202120242027Typical sale price by year: 2018 AED 1,023,888; 2019 AED 1,023,388; 2020 AED 1,020,888; 2021 AED 1,044,888; 2022 AED 1,190,000; 2023 AED 1,400,000; 2024 AED 1,665,000; 2025 AED 1,730,000; 2026 AED 1,580,000Sold by developer, March 2019: AED 1,035,888 (AED 1,394 per sqft)Sold, July 2021: AED 930,000 (AED 1,251 per sqft)Sold, January 2023: AED 1,300,000 (AED 1,749 per sqft)Sold, November 2023: AED 1,600,000 (AED 2,153 per sqft)

1309 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1309, each contractTypical two-bed in Collective Tower 2
80K100K202220242026Typical rent by year: 2022 AED 75,000; 2023 AED 84,000; 2024 AED 105,000; 2025 AED 110,000; 2026 AED 100,000New contract, July 2022: AED 76,000 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 2, and where 1309 sits

All 110 2-beds →

1309 last sold in November 2023 at AED 2,153 per sqft, 17% above what two-beds in Collective Tower 2 were fetching at the time (AED 1,846). Over the last 12 months two-beds sold for AED 1,400,000 to 1,850,000, around AED 2,184 per sqft, and rent for AED 80,000 to 150,000 a year. 1309's AED 76,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Aug 20261,580,000
4 Jun 20261,580,000
22 May 20261,550,000
11 Feb 20261,650,000
9 2-bed sales in the last 12 months

Collective Tower 2

Building

224 apartments, 1-bed to 2-bed over 16 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 22 sold in the last 12 months.

Typical price per sqft
AED 2,362 Down 3.9%
Typical sale
AED 1.3M
Typical rent
AED 90K /yr
Typical yield
6.3%
Collective Tower 2, Dubai Hills Estate: prices, sales and rents →

Other units on the 13th floor

All 224 units in Collective Tower 2
Value
13011-bedAED 790K · Nov 2022
13021-bedAED 689K · Feb 2019
13031-bedAED 689K · Feb 2019
13042-bedAED 1.01M · May 2019
13052-bedAED 1.04M · Jul 2019
13061-bedAED 703K · Feb 2019
13072-bedAED 1.63M · Jul 2024
1–7 of 8

1309, Collective Tower 2 in numbers

  • Sold 4 times: first on 7 March 2019 for AED 1,035,888, last on 30 November 2023 for AED 1,600,000 (AED 2,153 per sqft).
  • Rented since July 2022 on one Ejari contract, at AED 76,000 a year.
  • At AED 76,000 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 2,000 a year (AED 2.70 per sqft).
  • Two-beds in Collective Tower 2 sold for AED 1,400,000–1,850,000 in the 12 months to November 2026; the building's median across all types is AED 2,362 per sqft.

Source: Dubai Land Department. Updated 30 November 2023.

Questions about 1309, Collective Tower 2

What did unit 1309 last sell for?

AED 1,600,000 on 30 November 2023: AED 2,153 per sqft for 743 sqft. The unit has 4 registered sales; the first was AED 1,035,888 in March 2019.

What is the rent for unit 1309?

AED 76,000 a year on the contract signed on 15 July 2022.

How big is unit 1309?

743 sqft (69.0 sqm): a two-bedroom apartment on the 13th floor of a 16-storey tower completed in 2022.

What is unit 1309 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 2 sold for AED 1,400,000 to 1,850,000 in the last 12 months, around AED 2,184 per sqft.

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Mortgage on 1309, Collective Tower 2

Starts from the last sale price (AED 1.6M, 30 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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