515, Collective Tower 2
Sold prices and rental history: sold twice, last in August 2023, and rented once, from July 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Collective Tower 2
What is 515 worth today?
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Source: Dubai Land Department. Updated 24 August 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 486 sqft
- Floor
- 5th of 16
- Parking
- GF-72
- Developer
- Dubai Hills Estate
- Completed
- 2022
- Service charge
- AED 1,300 /yr
- Last sold
- AED 1.1M · August 2023
- Building
- Collective Tower 2
About 515, Collective Tower 2
515 is a one-bedroom apartment of 486 sqft on the 5th floor of Collective Tower 2, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. It last sold on 24 August 2023 for AED 1,100,000, or AED 2,264 per sqft, 30% above the AED 1,740 one-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 51,000 a year: a gross yield of 4.6% on the 2023 price, before the service charge of about AED 1,300 a year.
Sales and rents for 515 over time
515 has sold twice; the dashed line is the one-bed median of each year in the building.
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 2, and where 515 sits
All 114 1-beds →515 last sold in August 2023 at AED 2,264 per sqft, 30% above what one-beds in Collective Tower 2 were fetching at the time (AED 1,740). Over the last 12 months one-beds sold for AED 1,060,000 to 1,325,000, around AED 2,520 per sqft, and rent for AED 30,000 to 140,000 a year. 515's AED 51,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Oct 202628 October 2026 | 486 sqft | 1,125,000 | 2,315 | ||
| 2 Oct 20262 October 2026 | 484 sqft | 1,200,000 | 2,476 | ||
| 14 Aug 202614 August 2026 | 476 sqft | 1,160,000 | 2,437 | ||
| 4 Aug 20264 August 2026 | 486 sqft | 1,170,000 | 2,408 |
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 | |
| 505 | 2-bed | 746 sqft | AED 1.02MAED 1,020,888 · Mar 2019March 2019 | 125,000 /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 | |
| 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 |
515, Collective Tower 2 in numbers
- Sold twice: first on 11 February 2019 for AED 692,888, last on 24 August 2023 for AED 1,100,000 (AED 2,264 per sqft).
- Rented since July 2022 on one Ejari contract, at AED 51,000 a year.
- At AED 51,000 a year the gross yield on the 2023 price is 4.6%, before a service charge of about AED 1,300 a year (AED 2.70 per sqft).
- One-beds in Collective Tower 2 sold for AED 1,060,000–1,325,000 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 24 August 2023.
Questions about 515, Collective Tower 2
What did unit 515 last sell for?
AED 1,100,000 on 24 August 2023: AED 2,264 per sqft for 486 sqft. The unit has 2 registered sales; the first was AED 692,888 in February 2019.
What is the rent for unit 515?
AED 51,000 a year on the contract signed on 15 July 2022.
How big is unit 515?
486 sqft (45.2 sqm): a one-bedroom apartment on the 5th floor of a 16-storey tower completed in 2022.
What is unit 515 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 2 sold for AED 1,060,000 to 1,325,000 in the last 12 months, around AED 2,520 per sqft.
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Mortgage on 515, Collective Tower 2
Starts from the last sale price (AED 1.1M, 24 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →