507, Empire Residence
Sold prices and rental history: sold once, by the developer in October 2023, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Empire Residence
What is 507 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 431 sqft
- Floor
- 5th of 15
- Parking
- 1
- Developer
- Peace Homes Signatures Development
- Completed
- 2022
- Last sold
- AED 450K · October 2023
- Building
- Empire Residence
About 507, Empire Residence
507 is a studio of 431 sqft on the 5th 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 23 October 2023 for AED 450,000, or AED 1,044 per sqft, 5% below the AED 1,101 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 October 2026. The current contract, signed on 1 October 2026, is AED 42,000 a year: a gross yield of 9.3% on the 2023 price.
Sales and rents for 507 over time
507 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 507 sits
All 56 studios →507 last sold in October 2023 at AED 1,044 per sqft, 5% below what studios in Empire Residence were fetching at the time (AED 1,101). 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. 507's AED 42,000 is in the lower 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 5th floor
All 144 units in Empire Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 784 sqft | AED 875KAED 875,000 · Jan 2025January 2025 | 90,000 /yr | |
| 502 | 1-bed | 677 sqft | AED 830KAED 830,000 · Feb 2024February 2024 | ||
| 503 | 2-bed | 997 sqft | AED 1.3MAED 1,300,000 · Jan 2026January 2026 | ||
| 504 | 1-bed | 626 sqft | AED 931KAED 931,200 · Dec 2024December 2024 | ||
| 505 | 1-bed | 700 sqft | AED 850KAED 850,000 · Apr 2025April 2025 | ||
| 506 | 1-bed | 701 sqft | AED 600KAED 600,000 · Feb 2025February 2025 | ||
| 508 | Studio | 412 sqft | AED 520KAED 520,000 · Mar 2024March 2024 | ||
| 509 | Studio | 369 sqft | AED 577KAED 577,150 · Dec 2024December 2024 | ||
| 510 | Studio | 374 sqft | AED 560KAED 560,000 · Nov 2024November 2024 |
507, Empire Residence in numbers
- Sold once: by Peace Homes Signatures Development on 23 October 2023 for AED 450,000, or AED 1,044 per sqft.
- Rented since October 2026 on one Ejari contract, at AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2023 price is 9.3%.
- 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 1 October 2026.
Questions about 507, Empire Residence
What did unit 507 last sell for?
AED 450,000 on 23 October 2023, sold by the developer: AED 1,044 per sqft for 431 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 42,000 a year on the contract signed on 1 October 2026.
How big is unit 507?
431 sqft (40.0 sqm): a studio on the 5th floor of a 15-storey tower completed in 2022.
What is unit 507 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 507, Empire Residence
Starts from the last sale price (AED 450K, 23 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →