508, Ikarus Building
Sold prices and rental history: sold once, by the developer in March 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Ikarus Building
What is 508 worth today?
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Source: Dubai Land Department. Updated 24 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,028 sqft
- Floor
- 5th of 14
- Parking
- B2-49
- Last sold
- AED 825K · March 2025
- Building
- Ikarus Building
About 508, Ikarus Building
508 is a two-bedroom apartment of 1,028 sqft on the 5th floor of Ikarus Building, a 14-storey tower in Dubai Production City (IMPZ). The developer sold it on 24 March 2025 for AED 824,888, or AED 802 per sqft, in line with the AED 812 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 59,400 a year: a gross yield of 7.2% on the 2025 price.
Sales and rents for 508 over time
508 has sold once; 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 Ikarus Building, and where 508 sits
All 56 2-beds →508 last sold in March 2025 at AED 802 per sqft, in line with what two-beds in Ikarus Building were fetching at the time (AED 812). Over the last 12 months two-beds sold for AED 900,000 to 1,320,000, around AED 938 per sqft, and rent for AED 55,050 to 100,000 a year. 508's AED 59,400 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 996 sqft | 995,000 | 999 | ||
| 22 Jun 202622 June 2026 | 985 sqft | 1,050,000 | 1,065 | ||
| 20 Jan 202620 January 2026 | 1,859 sqft | 1,320,000 | 710 | ||
| 12 Jan 202612 January 2026 | 1,026 sqft | 900,000 | 876 |
Ikarus Building
Building128 apartments, 1-bed to 2-bed over 14 floors in Dubai Production City (IMPZ). 24 sold in the last 12 months.
- Typical price per sqft
- AED 894 Up 9.2%
- Typical sale
- AED 680K
- Typical rent
- AED 59K /yr
- Typical yield
- 8.8%
Other units on the 5th floor
All 128 units in Ikarus Building| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 589 sqft | AED 457KAED 456,888 · Jan 2025January 2025 | 50,000 /yr | |
| 502 | 1-bed | 592 sqft | AED 460KAED 460,238 · Jun 2025June 2025 | 52,500 /yr | |
| 503 | 2-bed | 974 sqft | AED 814KAED 814,488 · Feb 2025February 2025 | 52,904 /yr | |
| 504 | 2-bed | 983 sqft | AED 804KAED 803,888 · Jan 2025January 2025 | 80,000 /yr | |
| 505 | 1-bed | 779 sqft | AED 710KAED 710,000 · Oct 2025October 2025 | 36,800 /yr | |
| 506 | 1-bed | 762 sqft | AED 591KAED 590,888 · Jan 2025January 2025 | 55,000 /yr | |
| 507 | 1-bed | 778 sqft | AED 700KAED 700,000 · Jul 2025July 2025 | 35,200 /yr | |
| 509 | 2-bed | 1,026 sqft | AED 825KAED 824,888 · Jun 2025June 2025 | 54,801 /yr | |
| 510 | 1-bed | 586 sqft | AED 462KAED 461,888 · May 2025May 2025 | 60,000 /yr |
508, Ikarus Building in numbers
- Sold once: by the developer on 24 March 2025 for AED 824,888, or AED 802 per sqft.
- Rented since May 2021 on 4 Ejari contracts, from AED 40,000 to AED 59,400 a year.
- At AED 59,400 a year the gross yield on the 2025 price is 7.2%.
- Two-beds in Ikarus Building sold for AED 900,000–1,320,000 in the 12 months to November 2026; the building's median across all types is AED 894 per sqft.
Source: Dubai Land Department. Updated 24 March 2025.
Questions about 508, Ikarus Building
What did unit 508 last sell for?
AED 824,888 on 24 March 2025, sold by the developer: AED 802 per sqft for 1,028 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 59,400 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 54,000; the unit has been rented since May 2021.
How big is unit 508?
1,028 sqft (95.5 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ikarus Building sold for AED 900,000 to 1,320,000 in the last 12 months, around AED 938 per sqft.
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Mortgage on 508, Ikarus Building
Starts from the last sale price (AED 825K, 24 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 824,888
- Deposit, UAE resident (20%)
- AED 164,978
- Deposit, non-resident (40%)
- AED 329,955
- Monthly over 25 years at 3.7%
- AED 3,375
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →