506, The Matrix
Sold prices and rental history: sold 3 times, last in September 2021, 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 506, The Matrix
What is 506 worth today?
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Source: Dubai Land Department. Updated 6 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,130 sqft
- Floor
- 5th of 31
- Parking
- B-019
- Developer
- TFG Real Estate
- Completed
- 2014
- Service charge
- AED 12,100 /yr
- Last sold
- AED 1.5M · September 2021
- Building
- The Matrix
About 506, The Matrix
506 is a one-bedroom apartment of 1,130 sqft on the 5th floor of The Matrix, a 31-storey tower in Dubai Sports City completed in 2014 by TFG Real Estate. It last sold on 22 September 2021 for AED 1,500,000, or AED 1,327 per sqft, 75% above the AED 760 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 6 March 2024, is AED 62,363 a year: a gross yield of 4.2% on the 2021 price, before the service charge of about AED 12,100 a year.
Sales and rents for 506 over time
506 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Matrix, and where 506 sits
All 163 1-beds →506 last sold in September 2021 at AED 1,327 per sqft, 75% above what one-beds in The Matrix were fetching at the time (AED 760). Over the last 12 months one-beds sold for AED 700,000 to 966,350, around AED 838 per sqft, and rent for AED 52,800 to 95,000 a year. 506's AED 62,363 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Sep 202611 September 2026 | 923 sqft | 800,000 | 866 | ||
| 17 Jun 202617 June 2026 | 923 sqft | 700,000 | 758 | ||
| 4 May 20264 May 2026 | 1,118 sqft | 900,000 | 804 | ||
| 17 Mar 202617 March 2026 | 1,252 sqft | 860,000 | 686 |
The Matrix
Building377 apartments, studios to 3-bed over 31 floors in Dubai Sports City, completed in 2014 by TFG Real Estate. 27 sold in the last 12 months.
- Typical price per sqft
- AED 968 Up 4.1%
- Typical sale
- AED 665K
- Typical rent
- AED 55K /yr
- Typical yield
- 7.5%
Other units on the 5th floor
All 377 units in The Matrix| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 907 sqft | AED 880KAED 880,178 · Jun 2017June 2017 | 34,903 /yr | |
| 502 | 1-bed | 1,312 sqft | AED 1.81MAED 1,811,492 · Apr 2012April 2012 | 52,525 /yr | |
| 503 | Studio | 600 sqft | AED 670KAED 670,000 · Oct 2017October 2017 | 40,000 /yr | |
| 504 | Studio | 595 sqft | AED 550KAED 550,000 · Jul 2026July 2026 | 44,100 /yr | |
| 505 | Studio | 591 sqft | AED 739KAED 738,797 · Oct 2015October 2015 | ||
| 507 | 1-bed | 860 sqft | AED 1.11MAED 1,106,458 · Nov 2015November 2015 | 52,800 /yr | |
| 508 | 1-bed | 940 sqft | AED 1.82MAED 1,824,014 · Sep 2015September 2015 | 58,000 /yr | |
| 509 | 1-bed | 1,166 sqft | AED 1.6MAED 1,599,279 · Oct 2015October 2015 | 65,000 /yr | |
| 510 | Studio | 606 sqft | AED 724KAED 724,310 · Nov 2015November 2015 | 37,750 /yr | |
| 511 | Studio | 598 sqft | No registered sale | 50,000 /yr | |
| 512 | Studio | 591 sqft | AED 555KAED 555,000 · Oct 2015October 2015 | 42,500 /yr | |
| 513 | 2-bed | 1,382 sqft | AED 2.2MAED 2,200,000 · Nov 2015November 2015 | 84,000 /yr |
506, The Matrix in numbers
- Sold 3 times: first on 16 October 2011 for AED 1,719,258, last on 22 September 2021 for AED 1,500,000 (AED 1,327 per sqft).
- Rented since February 2020 on 5 Ejari contracts. The rent fell from AED 64,000 to AED 52,500 in 2022 and recovered to AED 62,363 by March 2024.
- At AED 62,363 a year the gross yield on the 2021 price is 4.2%, before a service charge of about AED 12,100 a year (AED 10.72 per sqft).
- One-beds in The Matrix sold for AED 700,000–966,350 in the 12 months to November 2026; the building's median across all types is AED 968 per sqft.
Source: Dubai Land Department. Updated 6 March 2024.
Questions about 506, The Matrix
What did unit 506 last sell for?
AED 1,500,000 on 22 September 2021: AED 1,327 per sqft for 1,130 sqft. The unit has 3 registered sales; the first was AED 1,719,258 in October 2011.
What is the rent for unit 506?
AED 62,363 a year on the contract renewed on 6 March 2024. The previous contract, from March 2023, was AED 62,000; the unit has been rented since February 2020.
How big is unit 506?
1,130 sqft (105.0 sqm): a one-bedroom apartment on the 5th floor of a 31-storey tower completed in 2014.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Matrix sold for AED 700,000 to 966,350 in the last 12 months, around AED 838 per sqft.
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Mortgage on 506, The Matrix
Starts from the last sale price (AED 1.5M, 22 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,500,000
- Deposit, UAE resident (20%)
- AED 300,000
- Deposit, non-resident (40%)
- AED 600,000
- Monthly over 25 years at 3.7%
- AED 6,137
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →