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1-bed · 1,048 sqftOakwood Residency, Dubai Production City (IMPZ) · 5th floor · completed 2012

511, Oakwood Residency

Sold prices and rental history: sold 3 times, last in September 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 21 September 2023
Last soldAED 550K21 September 2023
Current rentAED 26K /yr1 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 511, Oakwood Residency

What is 511 worth today?

Last sold for AED 550,000 in 2023

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21 Sep 2023SoldReady
AED 550,000AED 524 per sqft
3 Oct 2022SoldReady
AED 400,000AED 381 per sqft
1 Mar 2021RentedRenewal
AED 26,000/yr12 months · AED 25 per sqft
1 Mar 2020RentedNew contract
AED 32,000/yr12 months · AED 31 per sqft
1 Jan 2020RentedNew contract
AED 36,000/yr12 months · AED 34 per sqft
1 Apr 2017RentedNew contract
AED 55,000/yr12 months · AED 53 per sqft
18 Jun 2015Sold by developerReady
AED 1,086,087AED 1,035 per sqft

Source: Dubai Land Department. Updated 21 September 2023.

Key facts

Type
1-bed apartment
Size
1,048 sqft
Floor
5th of 18
Parking
B2 - 38
Developer
Deyaar
Completed
2012
Service charge
AED 12,300 /yr
Last sold
AED 550K · September 2023
Building
Oakwood Residency

About 511, Oakwood Residency

511 is a one-bedroom apartment of 1,048 sqft on the 5th floor of Oakwood Residency, a 18-storey tower in Dubai Production City (IMPZ) completed in 2012 by Deyaar. It last sold on 21 September 2023 for AED 550,000, or AED 524 per sqft, 8% below the AED 571 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 March 2021, is AED 26,000 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 12,300 a year.

Sales and rents for 511 over time

Sales
Unit 511, each saleTypical one-bed in Oakwood Residency
500K1M2009201420192024Typical sale price by year: 2009 AED 1,197,261; 2010 AED 359,268; 2013 AED 610,733; 2014 AED 736,665; 2015 AED 724,105; 2016 AED 570,000; 2017 AED 345,000; 2018 AED 495,000; 2019 AED 410,000; 2020 AED 430,000; 2021 AED 526,053; 2022 AED 400,000; 2023 AED 474,275; 2024 AED 568,858; 2025 AED 600,000; 2026 AED 652,500Sold by developer, June 2015: AED 1,086,087 (AED 1,035 per sqft)Sold, October 2022: AED 400,000 (AED 381 per sqft)Sold, September 2023: AED 550,000 (AED 524 per sqft)

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

Rents
Unit 511, each contractTypical one-bed in Oakwood Residency
40K60K2013201720212025Typical rent by year: 2013 AED 42,000; 2014 AED 44,000; 2015 AED 47,408; 2016 AED 53,000; 2017 AED 54,000; 2018 AED 49,612; 2019 AED 40,525; 2020 AED 35,000; 2021 AED 30,000; 2022 AED 33,844; 2023 AED 37,000; 2024 AED 45,000; 2025 AED 50,000; 2026 AED 53,500New contract, April 2017: AED 55,000 a yearNew contract, January 2020: AED 36,000 a yearNew contract, March 2020: AED 32,000 a yearRenewal, March 2021: AED 26,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Oakwood Residency, and where 511 sits

All 319 1-beds →

511 last sold in September 2023 at AED 524 per sqft, 8% below what one-beds in Oakwood Residency were fetching at the time (AED 571). Over the last 12 months one-beds sold for AED 590,000 to 730,000, around AED 816 per sqft, and rent for AED 34,500 to 100,000 a year. 511's AED 26,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
15 Aug 2026635,000
10 Aug 2026670,000
10 Aug 2026685,250
4 Jun 2026590,000
17 1-bed sales in the last 12 months

Oakwood Residency

Building

343 apartments, 1-bed to 2-bed over 18 floors in Dubai Production City (IMPZ), completed in 2012 by Deyaar. 18 sold in the last 12 months.

Typical price per sqft
AED 805 Up 12.7%
Typical sale
AED 653K
Typical rent
AED 55K /yr
Typical yield
8.0%
Oakwood Residency, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 5th floor

All 343 units in Oakwood Residency
Value
5011-bedAED 780K · Aug 2015
5021-bedAED 648K · Oct 2013
5031-bedAED 511K · Mar 2014
5041-bedAED 185K · Nov 2022
5051-bedAED 600K · Nov 2025
5061-bedAED 355K · Oct 2022
5071-bedAED 685K · Aug 2026
1–7 of 19

511, Oakwood Residency in numbers

  • Sold 3 times: first on 18 June 2015 for AED 1,086,087, last on 21 September 2023 for AED 550,000 (AED 524 per sqft).
  • Rented since April 2017 on 4 Ejari contracts, from AED 55,000 to AED 26,000 a year.
  • At AED 26,000 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 12,300 a year (AED 11.75 per sqft).
  • One-beds in Oakwood Residency sold for AED 590,000–730,000 in the 12 months to November 2026; the building's median across all types is AED 805 per sqft.

Source: Dubai Land Department. Updated 21 September 2023.

Questions about 511, Oakwood Residency

What did unit 511 last sell for?

AED 550,000 on 21 September 2023: AED 524 per sqft for 1,048 sqft. The unit has 3 registered sales; the first was AED 1,086,087 in June 2015.

What is the rent for unit 511?

AED 26,000 a year on the contract renewed on 1 March 2021. The previous contract, from March 2020, was AED 32,000; the unit has been rented since April 2017.

How big is unit 511?

1,048 sqft (97.4 sqm): a one-bedroom apartment on the 5th floor of a 18-storey tower completed in 2012.

What is unit 511 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oakwood Residency sold for AED 590,000 to 730,000 in the last 12 months, around AED 816 per sqft.

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Mortgage on 511, Oakwood Residency

Starts from the last sale price (AED 550K, 21 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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