505, Concept 7 Residences
Sold prices and rental history: sold once, by the developer in November 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Concept 7 Residences
What is 505 worth today?
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Source: Dubai Land Department. Updated 15 December 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 698 sqft
- Floor
- 5th of 10
- Parking
- 1
- Developer
- Condor Concept 7 Real Estate Development
- Completed
- 2024
- Last sold
- AED 1.08M · November 2023
- Building
- Concept 7 Residences
About 505, Concept 7 Residences
505 is a one-bedroom apartment of 698 sqft on the 5th floor of Concept 7 Residences, a 10-storey tower in Jumeirah Village Circle (JVC) completed in 2024 by Condor Concept 7 Real Estate Development . The developer sold it on 15 November 2023 for AED 1,080,390, or AED 1,547 per sqft, 29% above the AED 1,199 one-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 15 December 2025, is AED 82,000 a year: a gross yield of 7.6% on the 2023 price.
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 Concept 7 Residences, and where 505 sits
All 118 1-beds →505 last sold in November 2023 at AED 1,547 per sqft, 29% above what one-beds in Concept 7 Residences were fetching at the time (AED 1,199). Over the last 12 months one-beds sold for AED 930,000 to 1,246,420, around AED 1,572 per sqft, and rent for AED 55,000 to 90,000 a year. 505's AED 82,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Aug 202617 August 2026 | 691 sqft | 1,246,420 | 1,804 | ||
| 15 Jul 202615 July 2026 | 723 sqft | 930,000 | 1,287 | ||
| 2 Jul 20262 July 2026 | 731 sqft | 930,000 | 1,272 | ||
| 11 Jun 202611 June 2026 | 688 sqft | 1,170,000 | 1,699 |
Concept 7 Residences
Building159 apartments, studios to 2-bed over 10 floors in Jumeirah Village Circle (JVC), completed in 2024 by Condor Concept 7 Real Estate Development . 17 sold in the last 12 months.
- Typical price per sqft
- AED 1,658 Up 4.0%
- Typical sale
- AED 1.11M
- Typical rent
- AED 73K /yr
- Typical yield
- 6.3%
Other units on the 5th floor
All 159 units in Concept 7 Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,138 sqft | AED 2.17MAED 2,170,842 · Apr 2026April 2026 | ||
| 502 | 1-bed | 702 sqft | AED 1.04MAED 1,042,849 · Mar 2024March 2024 | 72,000 /yr | |
| 503 | 1-bed | 698 sqft | AED 1.2MAED 1,201,435 · Mar 2024March 2024 | 70,000 /yr | |
| 504 | 1-bed | 696 sqft | AED 1.04MAED 1,043,582 · Feb 2024February 2024 | 70,000 /yr | |
| 506 | 1-bed | 726 sqft | AED 900KAED 900,272 · Oct 2023October 2023 | 75,000 /yr | |
| 507 | 1-bed | 710 sqft | AED 1.1MAED 1,100,000 · Mar 2024March 2024 | 70,000 /yr | |
| 508 | Studio | 388 sqft | AED 710KAED 710,000 · Jul 2025July 2025 | ||
| 509 | 1-bed | 711 sqft | AED 1.21MAED 1,210,250 · May 2024May 2024 | 72,000 /yr | |
| 510 | 1-bed | 731 sqft | AED 1.16MAED 1,160,000 · Oct 2025October 2025 | 87,000 /yr | |
| 511 | 1-bed | 734 sqft | AED 858KAED 857,700 · Mar 2024March 2024 | 75,000 /yr | |
| 512 | 1-bed | 754 sqft | AED 1.2MAED 1,197,676 · May 2024May 2024 | 75,000 /yr | |
| 513 | 1-bed | 749 sqft | AED 884KAED 884,272 · Oct 2023October 2023 | 73,000 /yr | |
| 514 | 1-bed | 685 sqft | AED 849KAED 849,019 · Oct 2023October 2023 | ||
| 515 | 1-bed | 713 sqft | AED 876KAED 875,819 · Oct 2023October 2023 | 80,000 /yr | |
| 516 | Studio | 396 sqft | AED 491KAED 490,912 · Aug 2023August 2023 | 42,000 /yr | |
| 517 | Studio | 438 sqft | AED 545KAED 544,750 · Sep 2024September 2024 | 50,000 /yr |
505, Concept 7 Residences in numbers
- Sold once: by Condor Concept 7 Real Estate Development on 15 November 2023 for AED 1,080,390, or AED 1,547 per sqft.
- Rented since July 2025 on 2 Ejari contracts, from AED 85,000 to AED 82,000 a year.
- At AED 82,000 a year the gross yield on the 2023 price is 7.6%.
- One-beds in Concept 7 Residences sold for AED 930,000–1,246,420 in the 12 months to November 2026; the building's median across all types is AED 1,658 per sqft.
Source: Dubai Land Department. Updated 15 December 2025.
Questions about 505, Concept 7 Residences
What did unit 505 last sell for?
AED 1,080,390 on 15 November 2023, sold by the developer: AED 1,547 per sqft for 698 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 82,000 a year on the contract signed on 15 December 2025. The previous contract, from July 2025, was AED 85,000.
How big is unit 505?
698 sqft (64.8 sqm): a one-bedroom apartment on the 5th floor of a 10-storey tower completed in 2024.
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 Concept 7 Residences sold for AED 930,000 to 1,246,420 in the last 12 months, around AED 1,572 per sqft.
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Mortgage on 505, Concept 7 Residences
Starts from the last sale price (AED 1.08M, 15 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,080,390
- Deposit, UAE resident (20%)
- AED 216,078
- Deposit, non-resident (40%)
- AED 432,156
- Monthly over 25 years at 3.7%
- AED 4,420
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →