508, Empire Residence
Sold prices and rental history: sold once, by the developer in March 2024, 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, Empire Residence
What is 508 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 March 2024.
Key facts
- Type
- Studio apartment
- Size
- 412 sqft
- Floor
- 5th of 15
- Parking
- 1
- Developer
- Peace Homes Signatures Development
- Completed
- 2022
- Last sold
- AED 520K · March 2024
- Building
- Empire Residence
About 508, Empire Residence
508 is a studio of 412 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 1 March 2024 for AED 520,000, or AED 1,262 per sqft, 15% above the AED 1,093 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 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 508 sits
All 56 studios →508 last sold in March 2024 at AED 1,262 per sqft, 15% above what studios in Empire Residence were fetching at the time (AED 1,093). 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.
| 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 | ||
| 507 | Studio | 431 sqft | AED 450KAED 450,000 · Oct 2023October 2023 | 42,000 /yr | |
| 509 | Studio | 369 sqft | AED 577KAED 577,150 · Dec 2024December 2024 | ||
| 510 | Studio | 374 sqft | AED 560KAED 560,000 · Nov 2024November 2024 |
508, Empire Residence in numbers
- Sold once: by Peace Homes Signatures Development on 1 March 2024 for AED 520,000, or AED 1,262 per sqft.
- 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 March 2024.
Questions about 508, Empire Residence
What did unit 508 last sell for?
AED 520,000 on 1 March 2024, sold by the developer: AED 1,262 per sqft for 412 sqft. It is the only registered sale of the unit.
How big is unit 508?
412 sqft (38.3 sqm): a studio on the 5th floor of a 15-storey tower completed in 2022.
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 Empire Residence sold for AED 560,001 to 720,000 in the last 12 months, around AED 1,480 per sqft.
Selling 508? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 508, Empire Residence
Starts from the last sale price (AED 520K, 1 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 520,000
- Deposit, UAE resident (20%)
- AED 104,000
- Deposit, non-resident (40%)
- AED 208,000
- Monthly over 25 years at 3.7%
- AED 2,127
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →