508, 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 508, Phoenix Tower
What is 508 worth today?
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Source: Dubai Land Department. Updated 10 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 817 sqft
- Floor
- 5th of 7
- Parking
- B2-14
- Developer
- Phoenix Holdings
- Completed
- 2009
- Service charge
- AED 13,200 /yr
- Last sold
- AED 495K · July 2014
- Building
- Phoenix Tower
About 508, Phoenix Tower
508 is a one-bedroom apartment of 817 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 495,289, or AED 606 per sqft.
It has been rented continuously since 2015 on 13 Ejari contracts. The current contract, renewed on 10 July 2026, is AED 45,000 a year: a gross yield of 9.1% on the 2014 price, before the service charge of about AED 13,200 a year.
Sales and rents for 508 over time
508 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Phoenix Tower, and where 508 sits
All 13 1-beds →Over the last 12 months one-beds sold for AED 332,111, around AED 431 per sqft, and rent for AED 39,000 to 65,000 a year. 508's AED 45,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Nov 202524 November 2025 | 769 sqft | 332,111 | 431 | ||
| 25 May 202325 May 2023 | 769 sqft | 330,000 | 428 | ||
| 8 Mar 20218 March 2021 | 769 sqft | 320,000 | 415 | ||
| 14 Jan 202114 January 2021 | 769 sqft | 290,000 | 376 |
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 | |
| 507 | 2-bed | 1,254 sqft | AED 721KAED 720,797 · Jun 2015June 2015 | 60,000 /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 |
508, Phoenix Tower in numbers
- Sold once: by Phoenix Holdings on 1 July 2014 for AED 495,289, or AED 606 per sqft.
- Rented since May 2015 on 13 Ejari contracts. The rent fell from AED 47,775 to AED 36,000 in 2022 and recovered to AED 45,000 by July 2026.
- At AED 45,000 a year the gross yield on the 2014 price is 9.1%, before a service charge of about AED 13,200 a year (AED 16.19 per sqft).
- One-beds in Phoenix Tower sold for AED 332,111–332,111 in the 12 months to November 2026; the building's median across all types is AED 831 per sqft.
Source: Dubai Land Department. Updated 10 July 2026.
Questions about 508, Phoenix Tower
What did unit 508 last sell for?
AED 495,289 on 1 July 2014, sold by the developer: AED 606 per sqft for 817 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 45,000 a year on the contract renewed on 10 July 2026. The previous contract, from July 2025, was AED 45,000; the unit has been rented since May 2015.
How big is unit 508?
817 sqft (75.9 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Phoenix Tower sold for AED 332,111 to 332,111 in the last 12 months, around AED 431 per sqft.
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Mortgage on 508, Phoenix Tower
Starts from the last sale price (AED 495K, 1 July 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 495,289
- Deposit, UAE resident (20%)
- AED 99,058
- Deposit, non-resident (40%)
- AED 198,116
- Monthly over 25 years at 3.7%
- AED 2,026
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →