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2-bed · 2,614 sqftEmirates Crown Tower, Dubai Marina · 5th floor · completed 2008

505, Emirates Crown Tower

Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 24 August 2022
Last soldAED 2.58M24 August 2022
Current rentAED 100K /yr26 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Emirates Crown Tower

What is 505 worth today?

Last sold for AED 2,575,000 in 2022

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24 Aug 2022SoldReady
AED 2,575,000AED 985 per sqft
26 Jul 2021RentedRenewal
AED 100,000/yr12 months · AED 38 per sqft
26 Jul 2020RentedNew contract
AED 100,000/yr12 months · AED 38 per sqft
28 Jul 2019RentedRenewal
AED 120,000/yr12 months · AED 46 per sqft
28 Jul 2018RentedNew contract
AED 120,000/yr12 months · AED 46 per sqft
24 Jul 2011Sold by developerReady
AED 2,206,194AED 844 per sqft

Source: Dubai Land Department. Updated 24 August 2022.

Key facts

Type
2-bed apartment
Size
2,614 sqft
Floor
5th of 59
Parking
B2-33
Developer
Vakson First Property Development
Completed
2008
Service charge
AED 33,600 /yr
Last sold
AED 2.58M · August 2022
Building
Emirates Crown Tower

About 505, Emirates Crown Tower

505 is a two-bedroom apartment of 2,614 sqft on the 5th floor of Emirates Crown Tower, a 59-storey tower in Dubai Marina completed in 2008 by Vakson First Property Development . It last sold on 24 August 2022 for AED 2,575,000, or AED 985 per sqft, 35% above the AED 728 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 26 July 2021, is AED 100,000 a year: a gross yield of 3.9% on the 2022 price, before the service charge of about AED 33,600 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Emirates Crown Tower
2M4M2009201420192024Typical sale price by year: 2009 AED 2,087,532; 2010 AED 2,150,000; 2011 AED 2,139,272; 2012 AED 1,970,625; 2013 AED 2,600,000; 2014 AED 3,885,000; 2015 AED 2,500,000; 2016 AED 2,400,000; 2017 AED 2,500,000; 2018 AED 2,330,685; 2021 AED 1,660,805; 2022 AED 1,810,490; 2023 AED 2,720,000; 2024 AED 3,150,000; 2025 AED 3,450,000Sold by developer, July 2011: AED 2,206,194 (AED 844 per sqft)Sold, August 2022: AED 2,575,000 (AED 985 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Emirates Crown Tower
100K150K200K20112015201920232027Typical rent by year: 2011 AED 155,000; 2012 AED 140,000; 2013 AED 150,000; 2014 AED 157,500; 2015 AED 162,500; 2016 AED 169,000; 2017 AED 160,000; 2018 AED 141,000; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 105,000; 2022 AED 124,900; 2023 AED 142,500; 2024 AED 185,000; 2025 AED 190,000; 2026 AED 170,000New contract, July 2018: AED 120,000 a yearRenewal, July 2019: AED 120,000 a yearNew contract, July 2020: AED 100,000 a yearRenewal, July 2021: AED 100,000 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 Emirates Crown Tower, and where 505 sits

All 76 2-beds →

505 last sold in August 2022 at AED 985 per sqft, 35% above what two-beds in Emirates Crown Tower were fetching at the time (AED 728). 505's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Oct 20253,190,000
4 Aug 20253,900,000
28 May 20253,150,000
20 May 20253,091,000
0 2-bed sales in the last 12 months

Emirates Crown Tower

Building

238 apartments, 1-bed to 5-bed over 59 floors in Dubai Marina, completed in 2008 by Vakson First Property Development . 3 sold in the last 12 months.

Typical price per sqft
AED 1,313
Typical sale
AED 5.1M
Typical rent
AED 230K /yr
Typical yield
5.0%
Emirates Crown Tower, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 238 units in Emirates Crown Tower
Value
5012-bedAED 1.64M · Dec 2011
5022-bedAED 1.75M · Mar 2011
5032-bedAED 3M · Jun 2023
5042-bedAED 2.5M · Jul 2015
5062-bedAED 1.75M · Nov 2011

505, Emirates Crown Tower in numbers

  • Sold twice: first on 24 July 2011 for AED 2,206,194, last on 24 August 2022 for AED 2,575,000 (AED 985 per sqft).
  • Rented since July 2018 on 4 Ejari contracts, from AED 120,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 3.9%, before a service charge of about AED 33,600 a year (AED 12.87 per sqft).

Source: Dubai Land Department. Updated 24 August 2022.

Questions about 505, Emirates Crown Tower

What did unit 505 last sell for?

AED 2,575,000 on 24 August 2022: AED 985 per sqft for 2,614 sqft. The unit has 2 registered sales; the first was AED 2,206,194 in July 2011.

What is the rent for unit 505?

AED 100,000 a year on the contract renewed on 26 July 2021. The previous contract, from July 2020, was AED 100,000; the unit has been rented since July 2018.

How big is unit 505?

2,614 sqft (242.8 sqm): a two-bedroom apartment on the 5th floor of a 59-storey tower completed in 2008.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 505, Emirates Crown Tower

Starts from the last sale price (AED 2.58M, 24 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,575,000
Deposit, UAE resident (20%)
AED 515,000
Deposit, non-resident (40%)
AED 1,030,000
Monthly over 25 years at 3.7%
AED 10,535

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