509, Phoenix Tower
Sold prices and rental history: sold 3 times, last in September 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Phoenix Tower
What is 509 worth today?
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Source: Dubai Land Department. Updated 11 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,254 sqft
- Floor
- 5th of 7
- Parking
- B2-51
- Developer
- Phoenix Holdings
- Completed
- 2009
- Service charge
- AED 20,300 /yr
- Last sold
- AED 550K · September 2023
- Building
- Phoenix Tower
About 509, Phoenix Tower
509 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. It last sold on 11 September 2023 for AED 550,000, or AED 438 per sqft.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 8 December 2021, is AED 42,000 a year: a gross yield of 7.6% on the 2023 price, before the service charge of about AED 20,300 a year.
Sales and rents for 509 over time
509 has sold 3 times; 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 509 sits
All 28 2-beds →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. 509's AED 42,000 is at the bottom 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 | ||
| 26 Mar 201726 March 2017 | 1,254 sqft | 814,886 | 649 | ||
| 8 Oct 20158 October 2015 | 1,149 sqft | 735,251 | 639 |
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 | |
| 508 | 1-bed | 817 sqft | AED 495KAED 495,289 · Jul 2014July 2014 | 45,000 /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 |
509, Phoenix Tower in numbers
- Sold 3 times: first on 16 June 2009 for AED 965,700, last on 11 September 2023 for AED 550,000 (AED 438 per sqft).
- Rented since April 2014 on 8 Ejari contracts, from AED 52,500 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2023 price is 7.6%, 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 11 September 2023.
Questions about 509, Phoenix Tower
What did unit 509 last sell for?
AED 550,000 on 11 September 2023: AED 438 per sqft for 1,254 sqft. The unit has 3 registered sales; the first was AED 965,700 in June 2009.
What is the rent for unit 509?
AED 42,000 a year on the contract signed on 8 December 2021. The previous contract, from August 2020, was AED 42,000; the unit has been rented since April 2014.
How big is unit 509?
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 509 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 509, Phoenix Tower
Starts from the last sale price (AED 550K, 11 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →