505, Collective Tower 2
Sold prices and rental history: sold once, by the developer in March 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Collective Tower 2
What is 505 worth today?
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Source: Dubai Land Department. Updated 15 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 746 sqft
- Floor
- 5th of 16
- Parking
- B1-218
- Developer
- Dubai Hills Estate
- Completed
- 2022
- Service charge
- AED 2,000 /yr
- Last sold
- AED 1.02M · March 2019
- Building
- Collective Tower 2
About 505, Collective Tower 2
505 is a two-bedroom apartment of 746 sqft on the 5th floor of Collective Tower 2, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. The developer sold it on 12 March 2019 for AED 1,020,888, or AED 1,368 per sqft, in line with the AED 1,378 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 15 November 2024, is AED 125,000 a year: a gross yield of 12.2% on the 2019 price, before the service charge of about AED 2,000 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the two-bed median of each year in the building.
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 505 sits
All 110 2-beds →505 last sold in March 2019 at AED 1,368 per sqft, in line with what two-beds in Collective Tower 2 were fetching at the time (AED 1,378). 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. 505's AED 125,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Aug 202620 August 2026 | 729 sqft | 1,580,000 | 2,168 | ||
| 4 Jun 20264 June 2026 | 723 sqft | 1,580,000 | 2,184 | ||
| 22 May 202622 May 2026 | 746 sqft | 1,550,000 | 2,077 | ||
| 11 Feb 202611 February 2026 | 743 sqft | 1,650,000 | 2,220 |
Collective Tower 2
Building224 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%
Other units on the 5th floor
All 224 units in Collective Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 483 sqft | AED 687KAED 686,888 · Jun 2022June 2022 | ||
| 502 | 1-bed | 476 sqft | AED 678KAED 677,888 · Feb 2019February 2019 | 70,000 /yr | |
| 503 | 1-bed | 474 sqft | AED 740KAED 740,000 · Jun 2022June 2022 | 70,000 /yr | |
| 504 | 2-bed | 731 sqft | AED 1.18MAED 1,180,000 · Sep 2022September 2022 | 97,000 /yr | |
| 506 | 1-bed | 484 sqft | AED 1.2MAED 1,200,000 · Oct 2026October 2026 | 75,000 /yr | |
| 507 | 2-bed | 725 sqft | AED 997KAED 996,888 · Sep 2019September 2019 | 120,750 /yr | |
| 508 | 2-bed | 723 sqft | AED 994KAED 993,888 · Aug 2018August 2018 | 85,000 /yr | |
| 509 | 2-bed | 743 sqft | AED 1.02MAED 1,019,888 · Mar 2019March 2019 | 100,000 /yr | |
| 510 | 1-bed | 491 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | 70,000 /yr | |
| 511 | 1-bed | 117 sqft | AED 170KAED 169,722 · Nov 2020November 2020 | 75,000 /yr | |
| 512 | 2-bed | 729 sqft | AED 1.58MAED 1,580,000 · Aug 2026August 2026 | 109,250 /yr | |
| 513 | 2-bed | 746 sqft | AED 1.02MAED 1,020,888 · Mar 2019March 2019 | 82,500 /yr | |
| 514 | 1-bed | 486 sqft | AED 1.25MAED 1,250,000 · Feb 2025February 2025 | 78,750 /yr | |
| 515 | 1-bed | 486 sqft | AED 1.1MAED 1,100,000 · Aug 2023August 2023 | 51,000 /yr | |
| 516 | 1-bed | 486 sqft | AED 693KAED 692,888 · Jul 2019July 2019 | 75,000 /yr | |
| 517 | 2-bed | 743 sqft | AED 1.02MAED 1,020,888 · Jul 2020July 2020 | 110,000 /yr |
505, Collective Tower 2 in numbers
- Sold once: by Dubai Hills Estate on 12 March 2019 for AED 1,020,888, or AED 1,368 per sqft.
- Rented since August 2022 on 2 Ejari contracts, from AED 70,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2019 price is 12.2%, 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 15 November 2024.
Questions about 505, Collective Tower 2
What did unit 505 last sell for?
AED 1,020,888 on 12 March 2019, sold by the developer: AED 1,368 per sqft for 746 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 125,000 a year on the contract signed on 15 November 2024. The previous contract, from August 2022, was AED 70,000.
How big is unit 505?
746 sqft (69.3 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2022.
What is unit 505 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 505, Collective Tower 2
Starts from the last sale price (AED 1.02M, 12 March 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,020,888
- Deposit, UAE resident (20%)
- AED 204,178
- Deposit, non-resident (40%)
- AED 408,355
- Monthly over 25 years at 3.7%
- AED 4,177
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →