2-bed · 1,262 sqftSkycourt Towers E, Dubailand Residence Complex · 5th floor · completed 2011

509, Skycourt Towers E

Sold prices and rental history: sold once, by the developer in February 2024, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 14 November 2024
Last soldAED 820K23 February 2024
Current rentAED 44K /yr14 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Skycourt Towers E

What is 509 worth today?

Last sold for AED 820,138 in 2024

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14 Nov 2024RentedRenewal
AED 44,115/yr6 months · AED 35 per sqft
23 Feb 2024Sold by developerReady
AED 820,138AED 650 per sqft
14 Nov 2023RentedRenewal
AED 44,660/yr12 months · AED 35 per sqft
14 Nov 2022RentedRenewal
AED 38,400/yr12 months · AED 30 per sqft
14 Nov 2021RentedRenewal
AED 32,000/yr12 months · AED 25 per sqft
14 Nov 2020RentedRenewal
AED 41,125/yr12 months · AED 33 per sqft
14 Aug 2018RentedNew contract
AED 60,000/yr13 months · AED 48 per sqft
31 Mar 2017RentedNew contract
AED 75,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 14 November 2024.

Key facts

Type
2-bed apartment
Size
1,262 sqft
Floor
5th of 21
Parking
P2 E 86
Developer
Sky Courts
Completed
2011
Service charge
AED 16,300 /yr
Last sold
AED 820K · February 2024

About 509, Skycourt Towers E

509 is a two-bedroom apartment of 1,262 sqft on the 5th floor of Skycourt Towers E, a 21-storey tower in Dubailand Residence Complex completed in 2011 by Sky Courts. The developer sold it on 23 February 2024 for AED 820,138, or AED 650 per sqft, in line with the AED 649 two-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 9 Ejari contracts. The current contract, renewed on 14 November 2024, is AED 44,115 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 16,300 a year.

Sales and rents for 509 over time

Sales
Unit 509, each saleTypical two-bed in Skycourt Towers E
500K750K1M2009201420192024Typical sale price by year: 2009 AED 555,130; 2011 AED 510,000; 2012 AED 720,667; 2013 AED 437,648; 2014 AED 958,231; 2015 AED 694,000; 2016 AED 865,000; 2017 AED 676,650; 2018 AED 775,000; 2019 AED 690,000; 2020 AED 670,519; 2021 AED 826,689; 2022 AED 558,000; 2023 AED 690,768; 2024 AED 755,000; 2025 AED 850,000; 2026 AED 845,000Sold by developer, February 2024: AED 820,138 (AED 650 per sqft)

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

Rents
Unit 509, each contractTypical two-bed in Skycourt Towers E
40K60K80K20112015201920232027Typical rent by year: 2011 AED 48,003; 2012 AED 46,000; 2013 AED 49,000; 2014 AED 52,596; 2015 AED 70,000; 2016 AED 70,000; 2017 AED 67,000; 2018 AED 60,000; 2019 AED 50,000; 2020 AED 41,406; 2021 AED 36,000; 2022 AED 40,000; 2023 AED 46,000; 2024 AED 58,563; 2025 AED 65,000; 2026 AED 70,000New contract, September 2011: AED 47,223 a yearNew contract, October 2014: AED 52,064 a yearNew contract, March 2017: AED 75,000 a yearNew contract, August 2018: AED 60,000 a yearRenewal, November 2020: AED 41,125 a yearRenewal, November 2021: AED 32,000 a yearRenewal, November 2022: AED 38,400 a yearRenewal, November 2023: AED 44,660 a yearRenewal, November 2024: AED 44,115 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 E, and where 509 sits

All 193 2-beds →

509 last sold in February 2024 at AED 650 per sqft, in line with what two-beds in Skycourt Towers E were fetching at the time (AED 649). Over the last 12 months two-beds sold for AED 436,643 to 1,150,000, around AED 729 per sqft, and rent for AED 45,961 to 120,000 a year. 509's AED 44,115 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Oct 2026810,000
14 Aug 2026870,000
5 Aug 2026835,000
1 Aug 2026855,000
27 2-bed sales in the last 12 months

Skycourt Towers E

Building

387 apartments, studios to 2-bed over 21 floors in Dubailand Residence Complex, completed in 2011 by Sky Courts. 61 sold in the last 12 months.

Typical price per sqft
AED 711 Up 7.1%
Typical sale
AED 600K
Typical rent
AED 53K /yr
Typical yield
8.9%
Skycourt Towers E, Dubailand Residence Complex: prices, sales and rents →

Other units on the 5th floor

All 387 units in Skycourt Towers E
Value
5012-bedAED 721K · Dec 2011
5022-bedAED 836K · Sep 2023
5032-bedAED 840K · Nov 2011
504StudioAED 410K · Jun 2015
505StudioAED 369K · Mar 2025
506StudioAED 389K · Sep 2026
5072-bedAED 836K · Nov 2023
1–7 of 19

509, Skycourt Towers E in numbers

  • Sold once: by Sky Courts on 23 February 2024 for AED 820,138, or AED 650 per sqft.
  • Rented since September 2011 on 9 Ejari contracts. The rent fell from AED 47,223 to AED 32,000 in 2021 and recovered to AED 44,115 by November 2024.
  • At AED 44,115 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 16,300 a year (AED 12.89 per sqft).
  • Two-beds in Skycourt Towers E sold for AED 436,643–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 711 per sqft.

Source: Dubai Land Department. Updated 14 November 2024.

Questions about 509, Skycourt Towers E

What did unit 509 last sell for?

AED 820,138 on 23 February 2024, sold by the developer: AED 650 per sqft for 1,262 sqft. It is the only registered sale of the unit.

What is the rent for unit 509?

AED 44,115 a year on the contract renewed on 14 November 2024. The previous contract, from November 2023, was AED 44,660; the unit has been rented since September 2011.

How big is unit 509?

1,262 sqft (117.2 sqm): a two-bedroom apartment on the 5th floor of a 21-storey tower completed in 2011.

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 Skycourt Towers E sold for AED 436,643 to 1,150,000 in the last 12 months, around AED 729 per sqft.

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Mortgage on 509, Skycourt Towers E

Starts from the last sale price (AED 820K, 23 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 820,138
Deposit, UAE resident (20%)
AED 164,028
Deposit, non-resident (40%)
AED 328,055
Monthly over 25 years at 3.7%
AED 3,355

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