504, Concorde Tower
Sold prices and rental history: sold once, by the developer in August 2011, 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 504, Concorde Tower
What is 504 worth today?
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Source: Dubai Land Department. Updated 1 February 2023.
Key facts
- Type
- Studio apartment
- Size
- 505 sqft
- Floor
- 5th of 43
- Parking
- (1)
- Developer
- 32 Group Properties
- Completed
- 2008
- Service charge
- AED 10,100 /yr
- Last sold
- AED 300K · August 2011
- Building
- Concorde Tower
About 504, Concorde Tower
504 is a studio of 505 sqft on the 5th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. The developer sold it on 4 August 2011 for AED 300,296, or AED 594 per sqft, in line with the AED 594 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 45,000 a year: a gross yield of 15.0% on the 2011 price, before the service charge of about AED 10,100 a year.
Sales and rents for 504 over time
504 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 Concorde Tower, and where 504 sits
All 60 studios →504 last sold in August 2011 at AED 594 per sqft, in line with what studios in Concorde Tower were fetching at the time (AED 594). Over the last 12 months studios sold for AED 660,000 to 830,000, around AED 1,744 per sqft, and rent for AED 45,000 to 65,000 a year. 504's AED 45,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Aug 202618 August 2026 | 372 sqft | 660,000 | 1,775 | ||
| 19 May 202619 May 2026 | 453 sqft | 790,000 | 1,744 | ||
| 27 Nov 202527 November 2025 | 505 sqft | 830,000 | 1,643 | ||
| 25 Mar 202525 March 2025 | 453 sqft | 625,000 | 1,379 |
Concorde Tower
Building470 apartments, studios to 3-bed over 43 floors in Jumeirah Lake Towers (JLT), completed in 2008 by 32 Group Properties. 29 sold in the last 12 months.
- Typical price per sqft
- AED 1,257 Up 5.5%
- Typical sale
- AED 1.11M
- Typical rent
- AED 75K /yr
- Typical yield
- 7.4%
Other units on the 5th floor
All 470 units in Concorde Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 744 sqft | AED 1.06MAED 1,060,000 · Jan 2014January 2014 | 80,000 /yr | |
| 502 | 1-bed | 675 sqft | AED 830KAED 830,000 · Apr 2015April 2015 | 70,000 /yr | |
| 503 | 1-bed | 819 sqft | AED 495KAED 495,000 · Mar 2012March 2012 | 58,000 /yr | |
| 505 | 1-bed | 955 sqft | AED 568KAED 567,607 · Mar 2012March 2012 | 87,000 /yr | |
| 506 | 1-bed | 825 sqft | AED 578KAED 578,044 · Mar 2012March 2012 | ||
| 507 | 1-bed | 1,432 sqft | AED 1.05MAED 1,050,000 · Feb 2023February 2023 | 65,000 /yr | |
| 508 | 1-bed | 1,432 sqft | AED 1.58MAED 1,580,000 · Jul 2025July 2025 | 104,790 /yr | |
| 509 | 1-bed | 971 sqft | AED 820KAED 820,000 · Aug 2023August 2023 | 72,000 /yr | |
| 510 | 1-bed | 980 sqft | AED 1MAED 1,000,000 · Nov 2016November 2016 | 80,000 /yr | |
| 511 | Studio | 505 sqft | AED 650KAED 650,000 · Sep 2016September 2016 | 69,000 /yr | |
| 512 | 1-bed | 819 sqft | AED 471KAED 470,501 · Jul 2013July 2013 | 75,000 /yr | |
| 513 | 1-bed | 675 sqft | AED 650KAED 650,000 · Apr 2013April 2013 | 65,000 /yr |
504, Concorde Tower in numbers
- Sold once: by 32 Group Properties on 4 August 2011 for AED 300,296, or AED 594 per sqft.
- Rented since March 2014 on 8 Ejari contracts. The rent fell from AED 56,000 to AED 27,000 in 2021 and recovered to AED 45,000 by February 2023.
- At AED 45,000 a year the gross yield on the 2011 price is 15.0%, before a service charge of about AED 10,100 a year (AED 19.92 per sqft).
- Studios in Concorde Tower sold for AED 660,000–830,000 in the 12 months to November 2026; the building's median across all types is AED 1,257 per sqft.
Source: Dubai Land Department. Updated 1 February 2023.
Questions about 504, Concorde Tower
What did unit 504 last sell for?
AED 300,296 on 4 August 2011, sold by the developer: AED 594 per sqft for 505 sqft. It is the only registered sale of the unit.
What is the rent for unit 504?
AED 45,000 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 45,000; the unit has been rented since March 2014.
How big is unit 504?
505 sqft (46.9 sqm): a studio on the 5th floor of a 43-storey tower completed in 2008.
What is unit 504 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Concorde Tower sold for AED 660,000 to 830,000 in the last 12 months, around AED 1,744 per sqft.
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Mortgage on 504, Concorde Tower
Starts from the last sale price (AED 300K, 4 August 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 300,296
- Deposit, UAE resident (20%)
- AED 60,059
- Deposit, non-resident (40%)
- AED 120,118
- Monthly over 25 years at 3.7%
- AED 1,229
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →