1508, Empire Residence
Sold prices and rental history: sold once, by the developer in March 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Empire Residence
What is 1508 worth today?
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Source: Dubai Land Department. Updated 11 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 412 sqft
- Floor
- 15th of 15
- Parking
- 1
- Developer
- Peace Homes Signatures Development
- Completed
- 2022
- Last sold
- AED 375K · March 2023
- Building
- Empire Residence
About 1508, Empire Residence
1508 is a studio of 412 sqft on the 15th floor of Empire Residence, a 15-storey tower in Jumeirah Village Circle (JVC) completed in 2022 by Peace Homes Signatures Development . The developer sold it on 1 March 2023 for AED 374,599, or AED 909 per sqft, in line with the AED 909 studios in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 11 November 2025, is AED 60,000 a year: a gross yield of 16.0% on the 2023 price.
Sales and rents for 1508 over time
1508 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 Empire Residence, and where 1508 sits
All 56 studios →1508 last sold in March 2023 at AED 909 per sqft, in line with what studios in Empire Residence were fetching at the time (AED 909). Over the last 12 months studios sold for AED 560,001 to 720,000, around AED 1,480 per sqft, and rent for AED 40,000 to 67,812 a year. 1508's AED 60,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Jul 20266 July 2026 | 436 sqft | 645,000 | 1,480 | ||
| 30 Mar 202630 March 2026 | 374 sqft | 720,000 | 1,924 | ||
| 6 Feb 20266 February 2026 | 369 sqft | 560,001 | 1,516 | ||
| 21 Jan 202621 January 2026 | 436 sqft | 600,000 | 1,377 |
Empire Residence
Building144 apartments, studios to 2-bed over 15 floors in Jumeirah Village Circle (JVC), completed in 2022 by Peace Homes Signatures Development . 11 sold in the last 12 months.
- Typical price per sqft
- AED 1,377 Up 20.0%
- Typical sale
- AED 645K
- Typical rent
- AED 65K /yr
- Typical yield
- 7.5%
Other units on the 15th floor
All 144 units in Empire Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 784 sqft | AED 1MAED 1,000,000 · Apr 2025April 2025 | 68,000 /yr | |
| 1502 | 1-bed | 677 sqft | AED 790KAED 790,000 · Sep 2024September 2024 | ||
| 1503 | 2-bed | 997 sqft | AED 1.4MAED 1,400,000 · Jan 2025January 2025 | ||
| 1504 | 1-bed | 627 sqft | AED 570KAED 570,417 · Feb 2023February 2023 | ||
| 1505 | 1-bed | 699 sqft | AED 636KAED 635,817 · Feb 2023February 2023 | 74,000 /yr | |
| 1506 | 1-bed | 706 sqft | AED 820KAED 820,000 · Jun 2024June 2024 | 80,000 /yr | |
| 1507 | Studio | 431 sqft | AED 392KAED 392,027 · Feb 2023February 2023 | 50,000 /yr | |
| 1509 | Studio | 370 sqft | AED 337KAED 336,805 · Mar 2023March 2023 | 50,000 /yr | |
| 1510 | Studio | 374 sqft | AED 340KAED 340,335 · Mar 2023March 2023 | 50,000 /yr |
1508, Empire Residence in numbers
- Sold once: by Peace Homes Signatures Development on 1 March 2023 for AED 374,599, or AED 909 per sqft.
- Rented since November 2024 on 2 Ejari contracts, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2023 price is 16.0%.
- Studios in Empire Residence sold for AED 560,001–720,000 in the 12 months to November 2026; the building's median across all types is AED 1,377 per sqft.
Source: Dubai Land Department. Updated 11 November 2025.
Questions about 1508, Empire Residence
What did unit 1508 last sell for?
AED 374,599 on 1 March 2023, sold by the developer: AED 909 per sqft for 412 sqft. It is the only registered sale of the unit.
What is the rent for unit 1508?
AED 60,000 a year on the contract signed on 11 November 2025. The previous contract, from November 2024, was AED 60,000.
How big is unit 1508?
412 sqft (38.3 sqm): a studio on the 15th floor of a 15-storey tower completed in 2022.
What is unit 1508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Empire Residence sold for AED 560,001 to 720,000 in the last 12 months, around AED 1,480 per sqft.
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Mortgage on 1508, Empire Residence
Starts from the last sale price (AED 375K, 1 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 374,599
- Deposit, UAE resident (20%)
- AED 74,920
- Deposit, non-resident (40%)
- AED 149,840
- Monthly over 25 years at 3.7%
- AED 1,533
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →