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Studio · 358 sqftAlexis Tower, Jebel Ali Free Zone · 5th floor · completed 2024

516, Alexis Tower

Sold prices and rental history: sold twice, last in September 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 16 September 2026
Last soldAED 500K30 September 2024
Current rentAED 42K /yr16 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Alexis Tower

What is 516 worth today?

Last sold for AED 500,000 in 2024

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16 Sep 2026RentedRenewal
AED 42,000/yr12 months · AED 122 per sqft
16 Sep 2025RentedNew contract
AED 42,000/yr12 months · AED 118 per sqft
30 Sep 2024SoldOff-plan
AED 500,000AED 1,397 per sqft
2 Mar 2023Sold by developerOff-plan
AED 402,000AED 1,123 per sqft

Source: Dubai Land Department. Updated 16 September 2026.

Key facts

Type
Studio apartment
Size
358 sqft
Floor
5th of 16
Parking
1
Developer
Reportage Prime Properties
Completed
2024
Last sold
AED 500K · September 2024
Building
Alexis Tower

About 516, Alexis Tower

516 is a studio of 358 sqft on the 5th floor of Alexis Tower, a 16-storey tower in Jebel Ali Free Zone completed in 2024 by Reportage Prime Properties . It last sold on 30 September 2024 for AED 500,000, or AED 1,397 per sqft, 10% above the AED 1,267 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 16 September 2026, is AED 42,000 a year: a gross yield of 8.4% on the 2024 price.

Sales and rents for 516 over time

Sales
Unit 516, each saleTypical studio in Alexis Tower
400K500K2021202320252027Typical sale price by year: 2021 AED 404,364; 2022 AED 429,000; 2023 AED 429,000; 2024 AED 470,000; 2025 AED 475,000; 2026 AED 530,000Sold by developer, March 2023: AED 402,000 (AED 1,123 per sqft)Sold, September 2024: AED 500,000 (AED 1,397 per sqft)

516 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 516, each contractTypical studio in Alexis Tower
42K43K44K202520262027Typical rent by year: 2025 AED 44,000; 2026 AED 43,000New contract, September 2025: AED 42,000 a yearRenewal, September 2026: AED 42,000 a year

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

Studios in Alexis Tower, and where 516 sits

All 258 studios →

516 last sold in September 2024 at AED 1,397 per sqft, 10% above what studios in Alexis Tower were fetching at the time (AED 1,267). Over the last 12 months studios sold for AED 300,000 to 660,850, around AED 1,546 per sqft, and rent for AED 30,000 to 60,000 a year. 516's AED 42,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
2 Oct 2026562,000
24 Jul 2026510,000
17 Jul 2026300,000
9 Jun 2026530,000
22 studio sales in the last 12 months

Alexis Tower

Building

369 apartments, studios to 2-bed over 16 floors in Jebel Ali Free Zone, completed in 2024 by Reportage Prime Properties . 33 sold in the last 12 months.

Typical price per sqft
AED 1,475 Up 19.5%
Typical sale
AED 560K
Typical rent
AED 45K /yr
Typical yield
8.2%
Alexis Tower, Jebel Ali Free Zone: prices, sales and rents →

Other units on the 5th floor

All 369 units in Alexis Tower
Value
501StudioAED 275K · Nov 2022
502StudioAED 275K · Nov 2022
5031-bedAED 560K · Jan 2024
504StudioAED 425K · Feb 2022
505StudioAED 429K · Feb 2022
506StudioAED 391K · Jan 2025
507StudioAED 429K · May 2022
1–7 of 25

516, Alexis Tower in numbers

  • Sold twice: first on 2 March 2023 for AED 402,000, last on 30 September 2024 for AED 500,000 (AED 1,397 per sqft).
  • Rented since September 2025 on 2 Ejari contracts, at AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2024 price is 8.4%.
  • Studios in Alexis Tower sold for AED 300,000–660,850 in the 12 months to November 2026; the building's median across all types is AED 1,475 per sqft.

Source: Dubai Land Department. Updated 16 September 2026.

Questions about 516, Alexis Tower

What did unit 516 last sell for?

AED 500,000 on 30 September 2024: AED 1,397 per sqft for 358 sqft. The unit has 2 registered sales; the first was AED 402,000 in March 2023.

What is the rent for unit 516?

AED 42,000 a year on the contract renewed on 16 September 2026. The previous contract, from September 2025, was AED 42,000.

How big is unit 516?

358 sqft (33.3 sqm): a studio on the 5th floor of a 16-storey tower completed in 2024.

What is unit 516 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Alexis Tower sold for AED 300,000 to 660,850 in the last 12 months, around AED 1,546 per sqft.

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Mortgage on 516, Alexis Tower

Starts from the last sale price (AED 500K, 30 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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