514, Phoenix Tower
Sold prices and rental history: sold once, by the developer in June 2015, 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 514, Phoenix Tower
What is 514 worth today?
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Source: Dubai Land Department. Updated 1 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 549 sqft
- Floor
- 5th of 7
- Parking
- B2-18
- Developer
- Phoenix Holdings
- Completed
- 2009
- Service charge
- AED 8,900 /yr
- Last sold
- AED 329K · June 2015
- Building
- Phoenix Tower
About 514, Phoenix Tower
514 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 30 June 2015 for AED 329,160, or AED 599 per sqft, 19% below the AED 735 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 30,360 a year: a gross yield of 9.2% on the 2015 price, before the service charge of about AED 8,900 a year.
Sales and rents for 514 over time
514 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 514 sits
All 69 studios →514 last sold in June 2015 at AED 599 per sqft, 19% below what studios in Phoenix Tower were fetching at the time (AED 735). 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. 514's AED 30,360 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 | |
| 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 | |
| 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 | |
| 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 |
514, Phoenix Tower in numbers
- Sold once: by Phoenix Holdings on 30 June 2015 for AED 329,160, or AED 599 per sqft.
- Rented since August 2014 on 10 Ejari contracts. The rent fell from AED 41,000 to AED 24,000 in 2022 and recovered to AED 30,360 by November 2024.
- At AED 30,360 a year the gross yield on the 2015 price is 9.2%, 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 1 November 2024.
Questions about 514, Phoenix Tower
What did unit 514 last sell for?
AED 329,160 on 30 June 2015, 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 514?
AED 30,360 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 26,400; the unit has been rented since August 2014.
How big is unit 514?
549 sqft (51.0 sqm): a studio on the 5th floor of a 7-storey tower completed in 2009.
What is unit 514 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.
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Mortgage on 514, Phoenix Tower
Starts from the last sale price (AED 329K, 30 June 2015). 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 →