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2-bed · 1,287 sqftSkycourt Towers B, Dubailand Residence Complex · 5th floor · completed 2011

503, Skycourt Towers B

Sold prices and rental history: sold once, by the developer in November 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 21 November 2023
Last soldAED 836K21 November 2023
Current rentAED 44K /yr10 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Skycourt Towers B

What is 503 worth today?

Last sold for AED 836,329 in 2023

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21 Nov 2023Sold by developerReady
AED 836,329AED 650 per sqft
10 Oct 2023RentedRenewal
AED 44,000/yr12 months · AED 34 per sqft
10 Oct 2022RentedRenewal
AED 40,000/yr12 months · AED 31 per sqft
10 Oct 2021RentedRenewal
AED 36,000/yr12 months · AED 28 per sqft
10 Oct 2020RentedRenewal
AED 42,000/yr12 months · AED 33 per sqft
10 Sep 2019RentedNew contract
AED 50,000/yr13 months · AED 39 per sqft
14 Dec 2017RentedNew contract
AED 68,000/yr12 months · AED 53 per sqft
15 Nov 2016RentedRenewal
AED 75,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 21 November 2023.

Key facts

Type
2-bed apartment
Size
1,287 sqft
Floor
5th of 21
Parking
P2 B99
Developer
Sky Courts
Completed
2011
Service charge
AED 15,400 /yr
Last sold
AED 836K · November 2023
Building
Skycourt Towers B

About 503, Skycourt Towers B

503 is a two-bedroom apartment of 1,287 sqft on the 5th floor of Skycourt Towers B, a 21-storey tower in Dubailand Residence Complex completed in 2011 by Sky Courts. The developer sold it on 21 November 2023 for AED 836,329, or AED 650 per sqft, 19% above the AED 545 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 10 October 2023, is AED 44,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 15,400 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical two-bed in Skycourt Towers B
500K1M2009201420192024Typical sale price by year: 2009 AED 712,056; 2011 AED 472,790; 2012 AED 712,056; 2013 AED 441,954; 2014 AED 951,120; 2015 AED 453,750; 2016 AED 730,000; 2017 AED 800,000; 2018 AED 925,000; 2019 AED 750,000; 2020 AED 1,050,000; 2021 AED 552,500; 2022 AED 550,000; 2023 AED 710,538; 2024 AED 790,000; 2025 AED 897,500; 2026 AED 900,000Sold by developer, November 2023: AED 836,329 (AED 650 per sqft)

503 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 503, each contractTypical two-bed in Skycourt Towers B
40K60K80K20112015201920232027Typical rent by year: 2011 AED 47,223; 2012 AED 46,000; 2013 AED 50,000; 2014 AED 52,924; 2015 AED 70,000; 2016 AED 70,000; 2017 AED 65,175; 2018 AED 60,000; 2019 AED 50,000; 2020 AED 42,000; 2021 AED 37,000; 2022 AED 40,000; 2023 AED 45,000; 2024 AED 52,500; 2025 AED 65,000; 2026 AED 67,000New contract, August 2012: AED 48,003 a yearNew contract, March 2014: AED 75,000 a yearRenewal, March 2015: AED 75,751 a yearRenewal, November 2015: AED 75,000 a yearRenewal, November 2016: AED 75,000 a yearNew contract, December 2017: AED 68,000 a yearNew contract, September 2019: AED 50,000 a yearRenewal, October 2020: AED 42,000 a yearRenewal, October 2021: AED 36,000 a yearRenewal, October 2022: AED 40,000 a yearRenewal, October 2023: AED 44,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Skycourt Towers B, and where 503 sits

All 214 2-beds →

503 last sold in November 2023 at AED 650 per sqft, 19% above what two-beds in Skycourt Towers B were fetching at the time (AED 545). Over the last 12 months two-beds sold for AED 546,593 to 1,031,200, around AED 705 per sqft, and rent for AED 49,315 to 120,000 a year. 503's AED 44,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Oct 2026870,000
26 Oct 2026950,000
16 Sep 2026687,470
25 Aug 2026890,000
24 2-bed sales in the last 12 months

Skycourt Towers B

Building

468 apartments, studios to 2-bed over 21 floors in Dubailand Residence Complex, completed in 2011 by Sky Courts. 42 sold in the last 12 months.

Typical price per sqft
AED 710 Up 6.2%
Typical sale
AED 722K
Typical rent
AED 49K /yr
Typical yield
8.8%
Skycourt Towers B, Dubailand Residence Complex: prices, sales and rents →

Other units on the 5th floor

All 468 units in Skycourt Towers B
Value
5012-bedAED 721K · Oct 2013
5022-bedAED 870K · Jan 2026
504StudioAED 273K · Jul 2012
505StudioAED 350K · Nov 2012
5062-bedAED 1.17M · Sep 2018
507StudioAED 220K · Mar 2023
508StudioAED 310K · Jun 2024
1–7 of 23

503, Skycourt Towers B in numbers

  • Sold once: by Sky Courts on 21 November 2023 for AED 836,329, or AED 650 per sqft.
  • Rented since August 2012 on 11 Ejari contracts. The rent fell from AED 48,003 to AED 36,000 in 2021 and recovered to AED 44,000 by October 2023.
  • At AED 44,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 15,400 a year (AED 11.97 per sqft).
  • Two-beds in Skycourt Towers B sold for AED 546,593–1,031,200 in the 12 months to November 2026; the building's median across all types is AED 710 per sqft.

Source: Dubai Land Department. Updated 21 November 2023.

Questions about 503, Skycourt Towers B

What did unit 503 last sell for?

AED 836,329 on 21 November 2023, sold by the developer: AED 650 per sqft for 1,287 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 44,000 a year on the contract renewed on 10 October 2023. The previous contract, from October 2022, was AED 40,000; the unit has been rented since August 2012.

How big is unit 503?

1,287 sqft (119.6 sqm): a two-bedroom apartment on the 5th floor of a 21-storey tower completed in 2011.

What is unit 503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Skycourt Towers B sold for AED 546,593 to 1,031,200 in the last 12 months, around AED 705 per sqft.

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Mortgage on 503, Skycourt Towers B

Starts from the last sale price (AED 836K, 21 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 836,329
Deposit, UAE resident (20%)
AED 167,266
Deposit, non-resident (40%)
AED 334,532
Monthly over 25 years at 3.7%
AED 3,422

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →