516, Concept 7 Residences
Sold prices and rental history: sold once, by the developer in August 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 516, Concept 7 Residences
What is 516 worth today?
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Source: Dubai Land Department. Updated 1 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 396 sqft
- Floor
- 5th of 10
- Parking
- 1
- Developer
- Condor Concept 7 Real Estate Development
- Completed
- 2024
- Last sold
- AED 491K · August 2023
- Building
- Concept 7 Residences
About 516, Concept 7 Residences
516 is a studio of 396 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 10 August 2023 for AED 490,912, or AED 1,239 per sqft, in line with the AED 1,239 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 42,000 a year: a gross yield of 8.6% on the 2023 price.
Sales and rents for 516 over time
516 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 Concept 7 Residences, and where 516 sits
All 29 studios →516 last sold in August 2023 at AED 1,239 per sqft, in line with what studios in Concept 7 Residences were fetching at the time (AED 1,239). 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. 516's AED 42,000 is in the lower half of that range.
| 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 | |
| 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 | |
| 517 | Studio | 438 sqft | AED 545KAED 544,750 · Sep 2024September 2024 | 50,000 /yr |
516, Concept 7 Residences in numbers
- Sold once: by Condor Concept 7 Real Estate Development on 10 August 2023 for AED 490,912, or AED 1,239 per sqft.
- Rented since May 2025 on 2 Ejari contracts, from AED 57,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2023 price is 8.6%.
- 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 1 May 2026.
Questions about 516, Concept 7 Residences
What did unit 516 last sell for?
AED 490,912 on 10 August 2023, sold by the developer: AED 1,239 per sqft for 396 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 42,000 a year on the contract renewed on 1 May 2026. The previous contract, from May 2025, was AED 57,000.
How big is unit 516?
396 sqft (36.8 sqm): a studio on the 5th floor of a 10-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 Concept 7 Residences sold for AED 720,000 to 752,000 in the last 12 months, around AED 1,855 per sqft.
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Mortgage on 516, Concept 7 Residences
Starts from the last sale price (AED 491K, 10 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 490,912
- Deposit, UAE resident (20%)
- AED 98,182
- Deposit, non-resident (40%)
- AED 196,365
- Monthly over 25 years at 3.7%
- AED 2,008
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →