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

518, K1 Residence

Sold prices and rental history: sold once, by the developer in May 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518 · DLD and Ejari recordsUpdated 10 January 2023
Last soldAED 250K28 May 2019
Current rentAED 23K /yr10 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 518, K1 Residence

What is 518 worth today?

Last sold for AED 250,000 in 2019

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10 Jan 2023RentedNew contract
AED 23,000/yr12 months · AED 61 per sqft
10 Feb 2022RentedNew contract
AED 20,000/yr12 months · AED 53 per sqft
28 May 2019Sold by developerOff-plan
AED 250,000AED 659 per sqft

Source: Dubai Land Department. Updated 10 January 2023.

Key facts

Type
Studio apartment
Size
379 sqft
Floor
5th of 6
Parking
P-24
Developer
Arabian Gulf Properties
Completed
2021
Last sold
AED 250K · May 2019
Building
K1 Residence

About 518, K1 Residence

518 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 28 May 2019 for AED 250,000, or AED 659 per sqft, 25% below the AED 876 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 10 January 2023, is AED 23,000 a year: a gross yield of 9.2% on the 2019 price.

Sales and rents for 518 over time

Sales
Unit 518, 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 2019: AED 250,000 (AED 659 per sqft)

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

Rents
Unit 518, 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 yearNew contract, January 2023: AED 23,000 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 518 sits

All 107 studios →

518 last sold in May 2019 at AED 659 per sqft, 25% below what studios in K1 Residence were fetching at the time (AED 876). 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. 518's AED 23,000 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

518, K1 Residence in numbers

  • Sold once: by Arabian Gulf Properties on 28 May 2019 for AED 250,000, or AED 659 per sqft.
  • Rented since February 2022 on 2 Ejari contracts, from AED 20,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2019 price is 9.2%.
  • 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 10 January 2023.

Questions about 518, K1 Residence

What did unit 518 last sell for?

AED 250,000 on 28 May 2019, sold by the developer: AED 659 per sqft for 379 sqft. It is the only registered sale of the unit.

What is the rent for unit 518?

AED 23,000 a year on the contract signed on 10 January 2023. The previous contract, from February 2022, was AED 20,000.

How big is unit 518?

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

What is unit 518 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 518, K1 Residence

Starts from the last sale price (AED 250K, 28 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

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