515, Phoenix Tower
Sold prices and rental history: sold twice, last in October 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 515, Phoenix Tower
What is 515 worth today?
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Source: Dubai Land Department. Updated 25 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,149 sqft
- Floor
- 5th of 7
- Parking
- B2-19
- Developer
- Phoenix Holdings
- Completed
- 2009
- Service charge
- AED 18,600 /yr
- Last sold
- AED 735K · October 2015
- Building
- Phoenix Tower
About 515, Phoenix Tower
515 is a two-bedroom apartment of 1,149 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 8 October 2015 for AED 735,251, or AED 639 per sqft, in line with the AED 649 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 July 2026, is AED 60,000 a year: a gross yield of 8.2% on the 2015 price, before the service charge of about AED 18,600 a year.
Sales and rents for 515 over time
515 has sold twice; 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 515 sits
All 28 2-beds →515 last sold in October 2015 at AED 639 per sqft, in line with what two-beds in Phoenix Tower were fetching at the time (AED 649). 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. 515'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 | |
| 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 | |
| 516 | 1-bed | 769 sqft | AED 332KAED 332,111 · Nov 2025November 2025 | 40,425 /yr |
515, Phoenix Tower in numbers
- Sold twice: first on 3 July 2014 for AED 915,700, last on 8 October 2015 for AED 735,251 (AED 639 per sqft).
- Rented since June 2015 on 12 Ejari contracts. The rent fell from AED 58,800 to AED 42,000 in 2022 and recovered to AED 60,000 by July 2026.
- At AED 60,000 a year the gross yield on the 2015 price is 8.2%, before a service charge of about AED 18,600 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 July 2026.
Questions about 515, Phoenix Tower
What did unit 515 last sell for?
AED 735,251 on 8 October 2015: AED 639 per sqft for 1,149 sqft. The unit has 2 registered sales; the first was AED 915,700 in July 2014.
What is the rent for unit 515?
AED 60,000 a year on the contract signed on 25 July 2026. The previous contract, from November 2025, was AED 63,000; the unit has been rented since June 2015.
How big is unit 515?
1,149 sqft (106.7 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 515 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 515, Phoenix Tower
Starts from the last sale price (AED 735K, 8 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 735,251
- Deposit, UAE resident (20%)
- AED 147,050
- Deposit, non-resident (40%)
- AED 294,100
- Monthly over 25 years at 3.7%
- AED 3,008
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →