2-bed · 1,258 sqftWest Avenue Residential Tower, Dubai Marina · 5th floor · completed 2014

504, West Avenue Residential Tower

Sold prices and rental history: sold 3 times, last in May 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 23 May 2022
Last soldAED 1.63M23 May 2022
Current rentAED 90K /yr4 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, West Avenue Residential Tower

What is 504 worth today?

Last sold for AED 1,625,000 in 2022

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23 May 2022SoldReady
AED 1,625,000AED 1,291 per sqft
4 Jun 2021RentedNew contract
AED 90,000/yr12 months · AED 72 per sqft
4 Jun 2020RentedNew contract
AED 95,000/yr12 months · AED 75 per sqft
1 Feb 2019RentedRenewal
AED 120,000/yr12 months · AED 95 per sqft
1 Feb 2018RentedNew contract
AED 126,000/yr12 months · AED 100 per sqft
5 Nov 2016RentedNew contract
AED 155,000/yr12 months · AED 123 per sqft
15 Jan 2016RentedNew contract
AED 160,000/yr12 months · AED 127 per sqft
15 Jan 2015RentedNew contract
AED 160,000/yr12 months · AED 127 per sqft

Source: Dubai Land Department. Updated 23 May 2022.

Key facts

Type
2-bed apartment
Size
1,258 sqft
Floor
5th of 34
Parking
B1-10
Developer
West Avenue
Completed
2014
Service charge
AED 24,800 /yr
Last sold
AED 1.63M · May 2022

About 504, West Avenue Residential Tower

504 is a two-bedroom apartment of 1,258 sqft on the 5th floor of West Avenue Residential Tower, a 34-storey tower in Dubai Marina completed in 2014 by West Avenue. It last sold on 23 May 2022 for AED 1,625,000, or AED 1,291 per sqft, in line with the AED 1,284 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 4 June 2021, is AED 90,000 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 24,800 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical two-bed in West Avenue Residential Tower
1M2M2013201720212025Typical sale price by year: 2013 AED 1,981,727; 2014 AED 2,058,582; 2015 AED 2,620,000; 2017 AED 1,950,000; 2018 AED 1,850,000; 2019 AED 1,150,000; 2020 AED 1,295,000; 2021 AED 1,700,000; 2022 AED 1,700,000; 2023 AED 2,200,000; 2024 AED 2,150,000; 2025 AED 2,350,000Sold by developer, June 2013: AED 1,983,442 (AED 1,576 per sqft)Sold, November 2014: AED 1,983,442 (AED 1,576 per sqft)Sold, May 2022: AED 1,625,000 (AED 1,291 per sqft)

504 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 504, each contractTypical two-bed in West Avenue Residential Tower
100K150K2014201820222026Typical rent by year: 2014 AED 170,000; 2015 AED 165,000; 2016 AED 165,000; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 124,615; 2020 AED 100,000; 2021 AED 102,500; 2022 AED 115,000; 2023 AED 135,000; 2024 AED 146,750; 2025 AED 152,125; 2026 AED 140,293New contract, January 2015: AED 160,000 a yearNew contract, January 2016: AED 160,000 a yearNew contract, November 2016: AED 155,000 a yearNew contract, February 2018: AED 126,000 a yearRenewal, February 2019: AED 120,000 a yearNew contract, June 2020: AED 95,000 a yearNew contract, June 2021: AED 90,000 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 West Avenue Residential Tower, and where 504 sits

All 96 2-beds →

504 last sold in May 2022 at AED 1,291 per sqft, in line with what two-beds in West Avenue Residential Tower were fetching at the time (AED 1,284). Over the last 12 months two-beds sold for AED 2,750,000, around AED 2,063 per sqft, and rent for AED 50,000 to 195,000 a year. 504's AED 90,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Aug 202639,104
5 Aug 202629,858
15 Jan 20262,750,000
8 Jan 202682,903
5 2-bed sales in the last 12 months

West Avenue Residential Tower

Building

271 apartments, studios to 4-bed over 34 floors in Dubai Marina, completed in 2014 by West Avenue. 17 sold in the last 12 months.

Typical price per sqft
AED 2,063 Up 9.1%
Typical sale
AED 1.45M
Typical rent
AED 90K /yr
Typical yield
5.8%
West Avenue Residential Tower, Dubai Marina: prices, sales and rents →
Value
5011-bedAED 1.54M · Nov 2014
5021-bedAED 1.4M · Aug 2025
5031-bedAED 1.35M · Jun 2025
5052-bedAED 2.05M · Sep 2024
5061-bedAED 1.24M · Jan 2023
5071-bedAED 1.34M · Oct 2024
5082-bedAED 1.67M · Nov 2014
1–7 of 8

504, West Avenue Residential Tower in numbers

  • Sold 3 times: first on 24 June 2013 for AED 1,983,442, last on 23 May 2022 for AED 1,625,000 (AED 1,291 per sqft).
  • Rented since January 2015 on 7 Ejari contracts, from AED 160,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2022 price is 5.5%, before a service charge of about AED 24,800 a year (AED 19.72 per sqft).
  • Two-beds in West Avenue Residential Tower sold for AED 2,750,000–2,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,063 per sqft.

Source: Dubai Land Department. Updated 23 May 2022.

Questions about 504, West Avenue Residential Tower

What did unit 504 last sell for?

AED 1,625,000 on 23 May 2022: AED 1,291 per sqft for 1,258 sqft. The unit has 3 registered sales; the first was AED 1,983,442 in June 2013.

What is the rent for unit 504?

AED 90,000 a year on the contract signed on 4 June 2021. The previous contract, from June 2020, was AED 95,000; the unit has been rented since January 2015.

How big is unit 504?

1,258 sqft (116.9 sqm): a two-bedroom apartment on the 5th floor of a 34-storey tower completed in 2014.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in West Avenue Residential Tower sold for AED 2,750,000 to 2,750,000 in the last 12 months, around AED 2,063 per sqft.

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Mortgage on 504, West Avenue Residential Tower

Starts from the last sale price (AED 1.63M, 23 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,000
Deposit, UAE resident (20%)
AED 325,000
Deposit, non-resident (40%)
AED 650,000
Monthly over 25 years at 3.7%
AED 6,648

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