516, Skyhills Residences - 2
Sold prices and rental history: sold once, by the developer in August 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Skyhills Residences - 2
What is 516 worth today?
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Source: Dubai Land Department. Updated 26 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 990 sqft
- Floor
- 5th of 33
- Parking
- 1
- Last sold
- AED 1.23M · August 2024
- Building
- Skyhills Residences - 2
About 516, Skyhills Residences - 2
516 is a one-bedroom apartment of 990 sqft on the 5th floor of Skyhills Residences - 2, a 33-storey tower in Dubai Science Park (Dubiotech). The developer sold it on 26 August 2024 for AED 1,231,777, or AED 1,244 per sqft, 8% below the AED 1,349 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 516 over time
516 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Skyhills Residences - 2, and where 516 sits
All 189 1-beds →516 last sold in August 2024 at AED 1,244 per sqft, 8% below what one-beds in Skyhills Residences - 2 were fetching at the time (AED 1,349). Over the last 12 months one-beds sold for AED 864,498 to 1,657,670, around AED 1,422 per sqft, and rent for AED 55,000 to 90,000 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Oct 202628 October 2026 | 684 sqft | 1,110,000 | 1,622 | ||
| 13 Oct 202613 October 2026 | 969 sqft | 1,250,000 | 1,290 | ||
| 1 Oct 20261 October 2026 | 694 sqft | 975,000 | 1,405 | ||
| 8 Jul 20268 July 2026 | 611 sqft | 864,498 | 1,414 |
Skyhills Residences - 2
Building492 apartments, studios to 2-bed over 33 floors in Dubai Science Park (Dubiotech). 28 sold in the last 12 months.
- Typical price per sqft
- AED 1,468 Up 5.9%
- Typical sale
- AED 1M
- Typical rent
- AED 70K /yr
- Typical yield
- 7.3%
Other units on the 5th floor
All 492 units in Skyhills Residences - 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 987 sqft | AED 1.23MAED 1,229,777 · Jul 2024July 2024 | ||
| 502 | Studio | 477 sqft | AED 635KAED 634,821 · May 2024May 2024 | 55,000 /yr | |
| 503 | 2-bed | 1,318 sqft | AED 1.55MAED 1,554,061 · Mar 2025March 2025 | ||
| 504 | Studio | 461 sqft | AED 648KAED 647,777 · Aug 2024August 2024 | ||
| 505 | 2-bed | 1,286 sqft | AED 1.53MAED 1,528,777 · Apr 2024April 2024 | ||
| 506 | 2-bed | 1,019 sqft | AED 1.24MAED 1,237,770 · Apr 2024April 2024 | ||
| 507 | 1-bed | 664 sqft | AED 786KAED 785,741 · Aug 2024August 2024 | 75,000 /yr | |
| 508 | 1-bed | 672 sqft | AED 921KAED 920,777 · May 2024May 2024 | ||
| 509 | 2-bed | 1,053 sqft | AED 1.29MAED 1,289,777 · Jun 2024June 2024 | ||
| 510 | Studio | 466 sqft | AED 647KAED 646,777 · Aug 2024August 2024 | ||
| 511 | 2-bed | 1,040 sqft | AED 1.34MAED 1,335,777 · Jul 2024July 2024 | ||
| 512 | Studio | 481 sqft | AED 668KAED 667,777 · May 2024May 2024 | 50,000 /yr | |
| 513 | 1-bed | 797 sqft | AED 964KAED 964,101 · Apr 2024April 2024 | ||
| 514 | Studio | 488 sqft | AED 661KAED 660,777 · Jul 2024July 2024 | ||
| 515 | Studio | 459 sqft | AED 622KAED 621,777 · Sep 2024September 2024 |
516, Skyhills Residences - 2 in numbers
- Sold once: by the developer on 26 August 2024 for AED 1,231,777, or AED 1,244 per sqft.
- One-beds in Skyhills Residences - 2 sold for AED 864,498–1,657,670 in the 12 months to November 2026; the building's median across all types is AED 1,468 per sqft.
Source: Dubai Land Department. Updated 26 August 2024.
Questions about 516, Skyhills Residences - 2
What did unit 516 last sell for?
AED 1,231,777 on 26 August 2024, sold by the developer: AED 1,244 per sqft for 990 sqft. It is the only registered sale of the unit.
How big is unit 516?
990 sqft (92.0 sqm): a one-bedroom apartment on the 5th floor of a 33-storey tower.
What is unit 516 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Skyhills Residences - 2 sold for AED 864,498 to 1,657,670 in the last 12 months, around AED 1,422 per sqft.
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Mortgage on 516, Skyhills Residences - 2
Starts from the last sale price (AED 1.23M, 26 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,231,777
- Deposit, UAE resident (20%)
- AED 246,355
- Deposit, non-resident (40%)
- AED 492,711
- Monthly over 25 years at 3.7%
- AED 5,040
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →