505, Concorde Tower
Sold prices and rental history: sold once, by the developer in March 2012, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Concorde Tower
What is 505 worth today?
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Source: Dubai Land Department. Updated 5 June 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 955 sqft
- Floor
- 5th of 43
- Parking
- (1)
- Developer
- 32 Group Properties
- Completed
- 2008
- Service charge
- AED 19,000 /yr
- Last sold
- AED 568K · March 2012
- Building
- Concorde Tower
About 505, Concorde Tower
505 is a one-bedroom apartment of 955 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 6 March 2012 for AED 567,607, or AED 594 per sqft, 7% below the AED 639 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 5 June 2025, is AED 87,000 a year: a gross yield of 15.3% on the 2012 price, before the service charge of about AED 19,000 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Concorde Tower, and where 505 sits
All 404 1-beds →505 last sold in March 2012 at AED 594 per sqft, 7% below what one-beds in Concorde Tower were fetching at the time (AED 639). Over the last 12 months one-beds sold for AED 800,000 to 1,500,000, around AED 1,236 per sqft, and rent for AED 30,000 to 198,450 a year. 505's AED 87,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,281 sqft | 1,274,510 | 994 | ||
| 2 Sep 20262 September 2026 | 1,281 sqft | 1,200,000 | 936 | ||
| 26 Aug 202626 August 2026 | 675 sqft | 835,000 | 1,236 | ||
| 2 Jul 20262 July 2026 | 819 sqft | 1,300,000 | 1,586 |
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 | |
| 504 | Studio | 505 sqft | AED 300KAED 300,296 · Aug 2011August 2011 | 45,000 /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 |
505, Concorde Tower in numbers
- Sold once: by 32 Group Properties on 6 March 2012 for AED 567,607, or AED 594 per sqft.
- Rented since February 2020 on 5 Ejari contracts. The rent fell from AED 55,000 to AED 48,000 in 2021 and recovered to AED 87,000 by June 2025.
- At AED 87,000 a year the gross yield on the 2012 price is 15.3%, before a service charge of about AED 19,000 a year (AED 19.92 per sqft).
- One-beds in Concorde Tower sold for AED 800,000–1,500,000 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 5 June 2025.
Questions about 505, Concorde Tower
What did unit 505 last sell for?
AED 567,607 on 6 March 2012, sold by the developer: AED 594 per sqft for 955 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 87,000 a year on the contract renewed on 5 June 2025. The previous contract, from June 2024, was AED 87,000; the unit has been rented since February 2020.
How big is unit 505?
955 sqft (88.7 sqm): a one-bedroom apartment on the 5th floor of a 43-storey tower completed in 2008.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Concorde Tower sold for AED 800,000 to 1,500,000 in the last 12 months, around AED 1,236 per sqft.
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Mortgage on 505, Concorde Tower
Starts from the last sale price (AED 568K, 6 March 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 567,607
- Deposit, UAE resident (20%)
- AED 113,521
- Deposit, non-resident (40%)
- AED 227,043
- Monthly over 25 years at 3.7%
- AED 2,322
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →