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Studio · 379 sqftK1 Residence, Dubailand Residence Complex · 5th floor · completed 2021

506, K1 Residence

Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 24 February 2024
Last soldAED 333K2 May 2018
Current rentAED 27K /yr24 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, K1 Residence

What is 506 worth today?

Last sold for AED 333,487 in 2018

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24 Feb 2024RentedRenewal
AED 26,920/yr12 months · AED 71 per sqft
25 Feb 2022RentedNew contract
AED 20,000/yr12 months · AED 53 per sqft
2 May 2018Sold by developerOff-plan
AED 333,487AED 879 per sqft

Source: Dubai Land Department. Updated 24 February 2024.

Key facts

Type
Studio apartment
Size
379 sqft
Floor
5th of 6
Parking
P-12
Developer
Arabian Gulf Properties
Completed
2021
Last sold
AED 333K · May 2018
Building
K1 Residence

About 506, K1 Residence

506 is a studio of 379 sqft on the 5th floor of K1 Residence, a 6-storey tower in Dubailand Residence Complex completed in 2021 by Arabian Gulf Properties. The developer sold it on 2 May 2018 for AED 333,487, or AED 879 per sqft, in line with the AED 878 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 24 February 2024, is AED 26,920 a year: a gross yield of 8.1% on the 2018 price.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical studio in K1 Residence
300K400K2018202120242027Typical sale price by year: 2018 AED 333,487; 2019 AED 260,000; 2022 AED 290,000; 2023 AED 330,000; 2024 AED 345,000; 2025 AED 375,000; 2026 AED 410,000Sold by developer, May 2018: AED 333,487 (AED 879 per sqft)

506 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 506, each contractTypical studio in K1 Residence
20K30K202220242026Typical rent by year: 2022 AED 20,500; 2023 AED 24,000; 2024 AED 32,000; 2025 AED 35,000; 2026 AED 35,250New contract, February 2022: AED 20,000 a yearRenewal, February 2024: AED 26,920 a year

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

Studios in K1 Residence, and where 506 sits

All 107 studios →

506 last sold in May 2018 at AED 879 per sqft, in line with what studios in K1 Residence were fetching at the time (AED 878). Over the last 12 months studios sold for AED 375,000 to 470,000, around AED 954 per sqft, and rent for AED 28,665 to 60,000 a year. 506's AED 26,920 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Sep 2026410,000
24 Sep 2026375,000
18 Sep 2026430,000
3 Sep 2026408,000
8 studio sales in the last 12 months

K1 Residence

Building

143 apartments, studios to 1-bed over 6 floors in Dubailand Residence Complex, completed in 2021 by Arabian Gulf Properties. 11 sold in the last 12 months.

Typical price per sqft
AED 953 Up 1.0%
Typical sale
AED 425K
Typical rent
AED 37K /yr
Typical yield
8.5%
K1 Residence, Dubailand Residence Complex: prices, sales and rents →

Other units on the 5th floor

All 143 units in K1 Residence
Value
5011-bedAED 598K · Jul 2022
502StudioAED 319K · Jul 2022
503StudioAED 250K · May 2019
5041-bedAED 700K · Nov 2025
505StudioAED 333K · Aug 2018
507StudioAED 333K · Feb 2018
508StudioAED 333K · Feb 2018
1–7 of 23

506, K1 Residence in numbers

  • Sold once: by Arabian Gulf Properties on 2 May 2018 for AED 333,487, or AED 879 per sqft.
  • Rented since February 2022 on 2 Ejari contracts, from AED 20,000 to AED 26,920 a year.
  • At AED 26,920 a year the gross yield on the 2018 price is 8.1%.
  • Studios in K1 Residence sold for AED 375,000–470,000 in the 12 months to November 2026; the building's median across all types is AED 953 per sqft.

Source: Dubai Land Department. Updated 24 February 2024.

Questions about 506, K1 Residence

What did unit 506 last sell for?

AED 333,487 on 2 May 2018, sold by the developer: AED 879 per sqft for 379 sqft. It is the only registered sale of the unit.

What is the rent for unit 506?

AED 26,920 a year on the contract renewed on 24 February 2024. The previous contract, from February 2022, was AED 20,000.

How big is unit 506?

379 sqft (35.2 sqm): a studio on the 5th floor of a 6-storey tower completed in 2021.

What is unit 506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in K1 Residence sold for AED 375,000 to 470,000 in the last 12 months, around AED 954 per sqft.

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Mortgage on 506, K1 Residence

Starts from the last sale price (AED 333K, 2 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 333,487
Deposit, UAE resident (20%)
AED 66,697
Deposit, non-resident (40%)
AED 133,395
Monthly over 25 years at 3.7%
AED 1,364

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