506, Phoenix Tower
Sold prices and rental history: sold once, by the developer in July 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Phoenix Tower
What is 506 worth today?
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Source: Dubai Land Department. Updated 16 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 549 sqft
- Floor
- 5th of 7
- Parking
- B2-12
- Developer
- Phoenix Holdings
- Completed
- 2009
- Service charge
- AED 8,900 /yr
- Last sold
- AED 329K · July 2014
- Building
- Phoenix Tower
About 506, Phoenix Tower
506 is a studio of 549 sqft on the 5th floor of Phoenix Tower, a 7-storey tower in Dubailand Residence Complex completed in 2009 by Phoenix Holdings. The developer sold it on 1 July 2014 for AED 329,160, or AED 599 per sqft, in line with the AED 603 studios in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 16 August 2026, is AED 29,800 a year: a gross yield of 9.0% on the 2014 price, before the service charge of about AED 8,900 a year.
Sales and rents for 506 over time
506 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Phoenix Tower, and where 506 sits
All 69 studios →506 last sold in July 2014 at AED 599 per sqft, in line with what studios in Phoenix Tower were fetching at the time (AED 603). Over the last 12 months studios sold for AED 400,000 to 495,000, around AED 901 per sqft, and rent for AED 27,122 to 53,000 a year. 506's AED 29,800 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Sep 202622 September 2026 | 546 sqft | 400,000 | 732 | ||
| 22 Sep 202622 September 2026 | 546 sqft | 415,000 | 760 | ||
| 17 Sep 202617 September 2026 | 549 sqft | 400,000 | 728 | ||
| 17 Sep 202617 September 2026 | 546 sqft | 495,000 | 906 |
Phoenix Tower
Building110 apartments, studios to 2-bed over 7 floors in Dubailand Residence Complex, completed in 2009 by Phoenix Holdings. 16 sold in the last 12 months.
- Typical price per sqft
- AED 831
- Typical sale
- AED 495K
- Typical rent
- AED 35K /yr
- Typical yield
- 6.7%
Other units on the 5th floor
All 110 units in Phoenix Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,254 sqft | AED 721KAED 720,797 · Jul 2014July 2014 | 60,000 /yr | |
| 502 | Studio | 549 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 29,000 /yr | |
| 503 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 32,000 /yr | |
| 504 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 29,400 /yr | |
| 505 | Studio | 546 sqft | AED 329KAED 329,160 · Jul 2014July 2014 | 38,000 /yr | |
| 507 | 2-bed | 1,254 sqft | AED 721KAED 720,797 · Jun 2015June 2015 | 60,000 /yr | |
| 508 | 1-bed | 817 sqft | AED 495KAED 495,289 · Jul 2014July 2014 | 45,000 /yr | |
| 509 | 2-bed | 1,254 sqft | AED 550KAED 550,000 · Sep 2023September 2023 | 42,000 /yr | |
| 510 | Studio | 549 sqft | AED 357KAED 356,824 · Sep 2015September 2015 | 29,800 /yr | |
| 511 | Studio | 546 sqft | AED 329KAED 329,160 · Jul 2014July 2014 | 30,000 /yr | |
| 512 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 35,000 /yr | |
| 513 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 30,000 /yr | |
| 514 | Studio | 549 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 30,360 /yr | |
| 515 | 2-bed | 1,149 sqft | AED 735KAED 735,251 · Oct 2015October 2015 | 60,000 /yr | |
| 516 | 1-bed | 769 sqft | AED 332KAED 332,111 · Nov 2025November 2025 | 40,425 /yr |
506, Phoenix Tower in numbers
- Sold once: by Phoenix Holdings on 1 July 2014 for AED 329,160, or AED 599 per sqft.
- Rented since June 2015 on 9 Ejari contracts. The rent fell from AED 26,000 to AED 22,500 in 2022 and recovered to AED 29,800 by August 2026.
- At AED 29,800 a year the gross yield on the 2014 price is 9.0%, before a service charge of about AED 8,900 a year (AED 16.19 per sqft).
- Studios in Phoenix Tower sold for AED 400,000–495,000 in the 12 months to November 2026; the building's median across all types is AED 831 per sqft.
Source: Dubai Land Department. Updated 16 August 2026.
Questions about 506, Phoenix Tower
What did unit 506 last sell for?
AED 329,160 on 1 July 2014, sold by the developer: AED 599 per sqft for 549 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 29,800 a year on the contract renewed on 16 August 2026. The previous contract, from August 2025, was AED 29,800; the unit has been rented since June 2015.
How big is unit 506?
549 sqft (51.0 sqm): a studio on the 5th floor of a 7-storey tower completed in 2009.
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 Phoenix Tower sold for AED 400,000 to 495,000 in the last 12 months, around AED 901 per sqft.
Selling 506? Put it on the OpenOffers board
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Mortgage on 506, Phoenix Tower
Starts from the last sale price (AED 329K, 1 July 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 329,160
- Deposit, UAE resident (20%)
- AED 65,832
- Deposit, non-resident (40%)
- AED 131,664
- Monthly over 25 years at 3.7%
- AED 1,347
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →