505, West Avenue Residential Tower
Sold prices and rental history: sold 3 times, last in September 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, West Avenue Residential Tower
What is 505 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 25 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,331 sqft
- Floor
- 5th of 34
- Parking
- B2-114
- Developer
- West Avenue
- Completed
- 2014
- Service charge
- AED 26,200 /yr
- Last sold
- AED 2.05M · September 2024
- Building
- West Avenue Residential Tower
About 505, West Avenue Residential Tower
505 is a two-bedroom apartment of 1,331 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 25 September 2024 for AED 2,050,000, or AED 1,540 per sqft, 11% below the AED 1,729 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 3 October 2023, is AED 112,727 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 26,200 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 West Avenue Residential Tower, and where 505 sits
All 96 2-beds →505 last sold in September 2024 at AED 1,540 per sqft, 11% below what two-beds in West Avenue Residential Tower were fetching at the time (AED 1,729). 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. 505's AED 112,727 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Aug 20265 August 2026 | 1,237 sqft | 39,104 | 31 | ||
| 5 Aug 20265 August 2026 | 1,237 sqft | 29,858 | 24 | ||
| 15 Jan 202615 January 2026 | 1,333 sqft | 2,750,000 | 2,063 | ||
| 8 Jan 20268 January 2026 | 1,237 sqft | 82,903 | 67 |
West Avenue Residential Tower
Building271 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%
Other units on the 5th floor
All 271 units in West Avenue Residential Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 789 sqft | AED 1.54MAED 1,538,971 · Nov 2014November 2014 | 80,000 /yr | |
| 502 | 1-bed | 713 sqft | AED 1.4MAED 1,400,000 · Aug 2025August 2025 | 85,000 /yr | |
| 503 | 1-bed | 721 sqft | AED 1.35MAED 1,350,000 · Jun 2025June 2025 | 80,000 /yr | |
| 504 | 2-bed | 1,258 sqft | AED 1.63MAED 1,625,000 · May 2022May 2022 | 90,000 /yr | |
| 506 | 1-bed | 722 sqft | AED 1.24MAED 1,240,000 · Jan 2023January 2023 | 105,000 /yr | |
| 507 | 1-bed | 700 sqft | AED 1.34MAED 1,340,000 · Oct 2024October 2024 | 103,000 /yr | |
| 508 | 2-bed | 1,237 sqft | AED 1.67MAED 1,666,143 · Nov 2014November 2014 | 135,000 /yr | |
| 509 | Studio | 443 sqft | AED 1.12MAED 1,120,000 · Aug 2026August 2026 | 78,000 /yr |
505, West Avenue Residential Tower in numbers
- Sold 3 times: first on 17 September 2013 for AED 1,567,000, last on 25 September 2024 for AED 2,050,000 (AED 1,540 per sqft).
- Rented since July 2014 on 9 Ejari contracts. The rent fell from AED 160,000 to AED 80,000 in 2020 and recovered to AED 112,727 by October 2023.
- At AED 112,727 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 26,200 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 25 September 2024.
Questions about 505, West Avenue Residential Tower
What did unit 505 last sell for?
AED 2,050,000 on 25 September 2024: AED 1,540 per sqft for 1,331 sqft. The unit has 3 registered sales; the first was AED 1,567,000 in September 2013.
What is the rent for unit 505?
AED 112,727 a year on the contract renewed on 3 October 2023. The previous contract, from October 2022, was AED 112,500; the unit has been rented since July 2014.
How big is unit 505?
1,331 sqft (123.7 sqm): a two-bedroom apartment on the 5th floor of a 34-storey tower completed in 2014.
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 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.
Selling 505? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 505, West Avenue Residential Tower
Starts from the last sale price (AED 2.05M, 25 September 2024). 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 →