1508, Alwan Residence 1
Sold prices and rental history: no registered sale, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Alwan Residence 1
What is 1508 worth today?
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Source: Dubai Land Department. Updated 5 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 501 sqft
- Floor
- 15th of 18
- Parking
- P2-21
- Last sold
- No registered sale
- Building
- Alwan Residence 1
About 1508, Alwan Residence 1
1508 is a studio of 501 sqft on the 15th floor of Alwan Residence 1, a 18-storey tower in Dubai Production City (IMPZ). No sale of the unit is registered with the Dubai Land Department.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 5 June 2026, is AED 48,000 a year.
Sales and rents for 1508 over time
No registered sale of 1508; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Alwan Residence 1, and where 1508 sits
All 95 studios →Over the last 12 months studios sold for AED 575,000, around AED 1,150 per sqft, and rent for AED 20,000 to 48,587 a year. 1508's AED 48,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Oct 20266 October 2026 | 502 sqft | 575,000 | 1,144 | ||
| 6 Oct 20266 October 2026 | 478 sqft | 575,000 | 1,202 | ||
| 6 Oct 20266 October 2026 | 500 sqft | 575,000 | 1,150 | ||
| 6 Oct 20266 October 2026 | 499 sqft | 575,000 | 1,151 |
Alwan Residence 1
Building164 apartments, studios to 2-bed over 18 floors in Dubai Production City (IMPZ). 12 sold in the last 12 months.
- Typical price per sqft
- AED 1,144 Up 23.0%
- Typical sale
- AED 575K
- Typical rent
- AED 49K /yr
- Typical yield
- 7.0%
Other units on the 15th floor
All 164 units in Alwan Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 988 sqft | No registered sale | 68,000 /yr | |
| 1502 | Studio | 433 sqft | No registered sale | 44,500 /yr | |
| 1503 | 1-bed | 992 sqft | No registered sale | 68,000 /yr | |
| 1504 | 1-bed | 977 sqft | No registered sale | 63,280 /yr | |
| 1505 | Studio | 502 sqft | No registered sale | 46,500 /yr | |
| 1506 | 2-bed | 1,306 sqft | No registered sale | 100,000 /yr | |
| 1507 | 2-bed | 1,308 sqft | No registered sale | 100,000 /yr | |
| 1509 | Studio | 500 sqft | No registered sale | 46,500 /yr | |
| 1510 | Studio | 501 sqft | No registered sale | 46,500 /yr | |
| 1511 | Studio | 500 sqft | No registered sale | 46,000 /yr | |
| 1512 | Studio | 503 sqft | No registered sale | 33,100 /yr | |
| 1513 | Studio | 503 sqft | No registered sale | 46,300 /yr | |
| 1514 | Studio | 501 sqft | No registered sale | 48,500 /yr | |
| 1515 | Studio | 500 sqft | No registered sale | 46,500 /yr | |
| 1516 | Studio | 501 sqft | No registered sale | 44,920 /yr | |
| 1517 | Studio | 480 sqft | No registered sale | 46,500 /yr | |
| 1518 | 1-bed | 835 sqft | No registered sale | 66,000 /yr | |
| 1519 | 1-bed | 861 sqft | No registered sale | 68,000 /yr | |
| 1520 | 1-bed | 861 sqft | No registered sale | 67,000 /yr | |
| 1521 | 1-bed | 835 sqft | No registered sale | 66,760 /yr | |
| 1522 | 1-bed | 965 sqft | No registered sale | 65,715 /yr |
1508, Alwan Residence 1 in numbers
- No sale of the unit is registered with the Dubai Land Department.
- Rented since March 2020 on 7 Ejari contracts. The rent fell from AED 27,600 to AED 24,100 in 2021 and recovered to AED 48,000 by June 2026.
- Studios in Alwan Residence 1 sold for AED 575,000–575,000 in the 12 months to November 2026; the building's median across all types is AED 1,144 per sqft.
Source: Dubai Land Department. Updated 5 June 2026.
Questions about 1508, Alwan Residence 1
What is the rent for unit 1508?
AED 48,000 a year on the contract signed on 5 June 2026. The previous contract, from June 2025, was AED 35,200; the unit has been rented since March 2020.
How big is unit 1508?
501 sqft (46.5 sqm): a studio on the 15th floor of a 18-storey tower.
What is unit 1508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Alwan Residence 1 sold for AED 575,000 to 575,000 in the last 12 months, around AED 1,150 per sqft.
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