508, Concept 7 Residences
Sold prices and rental history: sold twice, last in July 2025, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Concept 7 Residences
What is 508 worth today?
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Source: Dubai Land Department. Updated 9 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 388 sqft
- Floor
- 5th of 10
- Parking
- P3-108
- Developer
- Condor Concept 7 Real Estate Development
- Completed
- 2024
- Last sold
- AED 710K · July 2025
- Building
- Concept 7 Residences
About 508, Concept 7 Residences
508 is a studio of 388 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 . It last sold on 9 July 2025 for AED 710,000, or AED 1,828 per sqft, 9% above the AED 1,679 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 508 over time
508 has sold twice; 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 Concept 7 Residences, and where 508 sits
All 29 studios →508 last sold in July 2025 at AED 1,828 per sqft, 9% above what studios in Concept 7 Residences were fetching at the time (AED 1,679). Over the last 12 months studios sold for AED 720,000 to 752,000, around AED 1,855 per sqft, and rent for AED 34,172 to 66,500 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Aug 202610 August 2026 | 399 sqft | 3,062 | 7 | ||
| 30 Mar 202630 March 2026 | 399 sqft | 752,000 | 1,884 | ||
| 15 Dec 202515 December 2025 | 388 sqft | 720,000 | 1,855 | ||
| 3 Dec 20253 December 2025 | 388 sqft | 720,000 | 1,854 |
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 | |
| 505 | 1-bed | 698 sqft | AED 1.08MAED 1,080,390 · Nov 2023November 2023 | 82,000 /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 | |
| 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 |
508, Concept 7 Residences in numbers
- Sold twice: first on 10 August 2023 for AED 486,507, last on 9 July 2025 for AED 710,000 (AED 1,828 per sqft).
- Studios in Concept 7 Residences sold for AED 720,000–752,000 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 9 July 2025.
Questions about 508, Concept 7 Residences
What did unit 508 last sell for?
AED 710,000 on 9 July 2025: AED 1,828 per sqft for 388 sqft. The unit has 2 registered sales; the first was AED 486,507 in August 2023.
How big is unit 508?
388 sqft (36.0 sqm): a studio on the 5th floor of a 10-storey tower completed in 2024.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Concept 7 Residences sold for AED 720,000 to 752,000 in the last 12 months, around AED 1,855 per sqft.
Selling 508? Put it on the OpenOffers board
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Mortgage on 508, Concept 7 Residences
Starts from the last sale price (AED 710K, 9 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 710,000
- Deposit, UAE resident (20%)
- AED 142,000
- Deposit, non-resident (40%)
- AED 284,000
- Monthly over 25 years at 3.7%
- AED 2,905
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →