507, Phoenix Tower
Sold prices and rental history: sold once, by the developer in June 2015, 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 507, Phoenix Tower
What is 507 worth today?
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Source: Dubai Land Department. Updated 25 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,254 sqft
- Floor
- 5th of 7
- Parking
- B2-13
- Developer
- Phoenix Holdings
- Completed
- 2009
- Service charge
- AED 20,300 /yr
- Last sold
- AED 721K · June 2015
- Building
- Phoenix Tower
About 507, Phoenix Tower
507 is a two-bedroom apartment of 1,254 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 30 June 2015 for AED 720,797, or AED 574 per sqft, 22% below the AED 736 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 12 Ejari contracts. The current contract, signed on 25 September 2026, is AED 60,000 a year: a gross yield of 8.3% on the 2015 price, before the service charge of about AED 20,300 a year.
Sales and rents for 507 over time
507 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Phoenix Tower, and where 507 sits
All 28 2-beds →507 last sold in June 2015 at AED 574 per sqft, 22% below what two-beds in Phoenix Tower were fetching at the time (AED 736). Over the last 12 months two-beds sold for AED 875,000 to 1,200,000, around AED 827 per sqft, and rent for AED 49,500 to 65,000 a year. 507's AED 60,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jul 202610 July 2026 | 1,254 sqft | 1,200,000 | 957 | ||
| 9 Jul 20269 July 2026 | 1,254 sqft | 875,000 | 697 | ||
| 11 Sep 202311 September 2023 | 1,254 sqft | 550,000 | 438 | ||
| 26 Mar 201726 March 2017 | 1,254 sqft | 814,886 | 649 |
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 | |
| 506 | Studio | 549 sqft | AED 329KAED 329,160 · Jul 2014July 2014 | 29,800 /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 |
507, Phoenix Tower in numbers
- Sold once: by Phoenix Holdings on 30 June 2015 for AED 720,797, or AED 574 per sqft.
- Rented since August 2015 on 12 Ejari contracts. The rent fell from AED 55,000 to AED 42,000 in 2022 and recovered to AED 60,000 by September 2026.
- At AED 60,000 a year the gross yield on the 2015 price is 8.3%, before a service charge of about AED 20,300 a year (AED 16.19 per sqft).
- Two-beds in Phoenix Tower sold for AED 875,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 831 per sqft.
Source: Dubai Land Department. Updated 25 September 2026.
Questions about 507, Phoenix Tower
What did unit 507 last sell for?
AED 720,797 on 30 June 2015, sold by the developer: AED 574 per sqft for 1,254 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 60,000 a year on the contract signed on 25 September 2026. The previous contract, from July 2025, was AED 65,000; the unit has been rented since August 2015.
How big is unit 507?
1,254 sqft (116.5 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Phoenix Tower sold for AED 875,000 to 1,200,000 in the last 12 months, around AED 827 per sqft.
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Mortgage on 507, Phoenix Tower
Starts from the last sale price (AED 721K, 30 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 720,797
- Deposit, UAE resident (20%)
- AED 144,159
- Deposit, non-resident (40%)
- AED 288,319
- Monthly over 25 years at 3.7%
- AED 2,949
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →