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Studio · 431 sqftK1 Residence, Dubailand Residence Complex · 5th floor · completed 2021

511, K1 Residence

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

Unit 511 · DLD and Ejari recordsUpdated 28 October 2022
Last soldAED 290K28 October 2022
Current rentAED 24K /yr1 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 511, K1 Residence

What is 511 worth today?

Last sold for AED 290,000 in 2022

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28 Oct 2022Sold by developerReady
AED 290,000AED 673 per sqft
1 Oct 2022RentedNew contract
AED 24,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 28 October 2022.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
5th of 6
Parking
P-17
Developer
Arabian Gulf Properties
Completed
2021
Last sold
AED 290K · October 2022
Building
K1 Residence

About 511, K1 Residence

511 is a studio of 431 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 28 October 2022 for AED 290,000, or AED 673 per sqft, in line with the AED 683 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2022. The current contract, signed on 1 October 2022, is AED 24,000 a year: a gross yield of 8.3% on the 2022 price.

Sales and rents for 511 over time

Sales
Unit 511, 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, October 2022: AED 290,000 (AED 673 per sqft)

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

Rents
Unit 511, 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, October 2022: AED 24,000 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 511 sits

All 107 studios →

511 last sold in October 2022 at AED 673 per sqft, in line with what studios in K1 Residence were fetching at the time (AED 683). 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. 511's AED 24,000 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
506StudioAED 333K · May 2018
507StudioAED 333K · Feb 2018
1–7 of 23

511, K1 Residence in numbers

  • Sold once: by Arabian Gulf Properties on 28 October 2022 for AED 290,000, or AED 673 per sqft.
  • Rented since October 2022 on one Ejari contract, at AED 24,000 a year.
  • At AED 24,000 a year the gross yield on the 2022 price is 8.3%.
  • 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 28 October 2022.

Questions about 511, K1 Residence

What did unit 511 last sell for?

AED 290,000 on 28 October 2022, sold by the developer: AED 673 per sqft for 431 sqft. It is the only registered sale of the unit.

What is the rent for unit 511?

AED 24,000 a year on the contract signed on 1 October 2022.

How big is unit 511?

431 sqft (40.0 sqm): a studio on the 5th floor of a 6-storey tower completed in 2021.

What is unit 511 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 511, K1 Residence

Starts from the last sale price (AED 290K, 28 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 290,000
Deposit, UAE resident (20%)
AED 58,000
Deposit, non-resident (40%)
AED 116,000
Monthly over 25 years at 3.7%
AED 1,186

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