505, Al Fairooz Tower
Sold prices and rental history: sold 3 times, last in November 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Al Fairooz Tower
What is 505 worth today?
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Source: Dubai Land Department. Updated 10 November 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,570 sqft
- Floor
- 5th of 20
- Parking
- 2196
- Developer
- Emaar
- Completed
- 2004
- Service charge
- AED 23,100 /yr
- Last sold
- AED 2.05M · November 2019
- Building
- Al Fairooz Tower
About 505, Al Fairooz Tower
505 is a two-bedroom apartment of 1,570 sqft on the 5th floor of Al Fairooz Tower, a 20-storey tower in Dubai Marina completed in 2004 by Emaar. It last sold on 10 November 2019 for AED 2,050,000, or AED 1,305 per sqft.
It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 24 August 2018, is AED 165,000 a year: a gross yield of 8.1% on the 2019 price, before the service charge of about AED 23,100 a year.
Sales and rents for 505 over time
505 has sold 3 times; 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 Al Fairooz Tower, and where 505 sits
All 31 2-beds →Over the last 12 months two-beds sold for AED 3,100,000 to 3,250,000, around AED 2,053 per sqft, and rent for AED 150,000 to 240,000 a year. 505's AED 165,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Aug 202613 August 2026 | 1,570 sqft | 3,250,000 | 2,070 | ||
| 14 Apr 202614 April 2026 | 1,522 sqft | 3,100,000 | 2,036 | ||
| 5 Feb 20255 February 2025 | 2,314 sqft | 1,012,000 | 437 | ||
| 4 Jul 20244 July 2024 | 1,563 sqft | 3,150,000 | 2,015 |
Al Fairooz Tower
Building108 apartments, 2-bed to 5-bed over 20 floors in Dubai Marina, completed in 2004 by Emaar. 9 sold in the last 12 months.
- Typical price per sqft
- AED 2,070
- Typical sale
- AED 5.5M
- Typical rent
- AED 226K /yr
- Typical yield
- 5.2%
Other units on the 5th floor
All 108 units in Al Fairooz Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,399 sqft | AED 2.9MAED 2,900,000 · Mar 2010March 2010 | ||
| 502 | 2-bed | 1,570 sqft | AED 700KAED 700,000 · Sep 2011September 2011 | ||
| 503 | 3-bed | 2,429 sqft | AED 4.5MAED 4,500,000 · Feb 2014February 2014 | 220,000 /yr | |
| 504 | 3-bed | 2,429 sqft | AED 1.77MAED 1,770,000 · Dec 2010December 2010 | 150,000 /yr | |
| 506 | 3-bed | 2,399 sqft | AED 3.69MAED 3,690,446 · Jun 2009June 2009 |
505, Al Fairooz Tower in numbers
- Sold 3 times: first on 4 August 2010 for AED 1,800,000, last on 10 November 2019 for AED 2,050,000 (AED 1,305 per sqft).
- Rented since July 2015 on 4 Ejari contracts, from AED 207,000 to AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2019 price is 8.1%, before a service charge of about AED 23,100 a year (AED 14.69 per sqft).
- Two-beds in Al Fairooz Tower sold for AED 3,100,000–3,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,070 per sqft.
Source: Dubai Land Department. Updated 10 November 2019.
Questions about 505, Al Fairooz Tower
What did unit 505 last sell for?
AED 2,050,000 on 10 November 2019: AED 1,305 per sqft for 1,570 sqft. The unit has 3 registered sales; the first was AED 1,800,000 in August 2010.
What is the rent for unit 505?
AED 165,000 a year on the contract signed on 24 August 2018. The previous contract, from July 2017, was AED 210,000; the unit has been rented since July 2015.
How big is unit 505?
1,570 sqft (145.9 sqm): a two-bedroom apartment on the 5th floor of a 20-storey tower completed in 2004.
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 Al Fairooz Tower sold for AED 3,100,000 to 3,250,000 in the last 12 months, around AED 2,053 per sqft.
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Mortgage on 505, Al Fairooz Tower
Starts from the last sale price (AED 2.05M, 10 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,050,000
- Deposit, UAE resident (20%)
- AED 410,000
- Deposit, non-resident (40%)
- AED 820,000
- Monthly over 25 years at 3.7%
- AED 8,387
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →