517, Concept 7 Residences
Sold prices and rental history: sold twice, last in September 2024, and rented since 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 517, Concept 7 Residences
What is 517 worth today?
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Source: Dubai Land Department. Updated 29 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 438 sqft
- Floor
- 5th of 10
- Parking
- 1
- Developer
- Condor Concept 7 Real Estate Development
- Completed
- 2024
- Last sold
- AED 545K · September 2024
- Building
- Concept 7 Residences
About 517, Concept 7 Residences
517 is a studio of 438 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 26 September 2024 for AED 544,750, or AED 1,243 per sqft, 6% below the AED 1,319 studios in the building were fetching at the time.
It has been rented since 2026 on 2 Ejari contracts. The current contract, signed on 29 August 2026, is AED 50,000 a year: a gross yield of 9.2% on the 2024 price.
Sales and rents for 517 over time
517 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 517 sits
All 29 studios →517 last sold in September 2024 at AED 1,243 per sqft, 6% below what studios in Concept 7 Residences were fetching at the time (AED 1,319). 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. 517's AED 50,000 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 | 72,000 /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, Concept 7 Residences in numbers
- Sold twice: first on 20 October 2023 for AED 543,367, last on 26 September 2024 for AED 544,750 (AED 1,243 per sqft).
- Rented since February 2026 on 2 Ejari contracts, from AED 66,500 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2024 price is 9.2%.
- 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 29 August 2026.
Questions about 517, Concept 7 Residences
What did unit 517 last sell for?
AED 544,750 on 26 September 2024: AED 1,243 per sqft for 438 sqft. The unit has 2 registered sales; the first was AED 543,367 in October 2023.
What is the rent for unit 517?
AED 50,000 a year on the contract signed on 29 August 2026. The previous contract, from February 2026, was AED 66,500.
How big is unit 517?
438 sqft (40.7 sqm): a studio on the 5th floor of a 10-storey tower completed in 2024.
What is unit 517 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 517, Concept 7 Residences
Starts from the last sale price (AED 545K, 26 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 544,750
- Deposit, UAE resident (20%)
- AED 108,950
- Deposit, non-resident (40%)
- AED 217,900
- Monthly over 25 years at 3.7%
- AED 2,229
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →