501, Park View Tower
Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from June 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Park View Tower
What is 501 worth today?
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Source: Dubai Land Department. Updated 20 August 2022.
Key facts
- Type
- Studio apartment
- Size
- 427 sqft
- Floor
- 5th of 19
- Parking
- P4-02
- Developer
- Revi Real Estate Development
- Completed
- 2021
- Service charge
- AED 7,700 /yr
- Last sold
- AED 485K · August 2022
- Building
- Park View Tower
About 501, Park View Tower
501 is a studio of 427 sqft on the 5th floor of Park View Tower, a 19-storey tower in Jumeirah Village Circle (JVC) completed in 2021 by Revi Real Estate Development . The developer sold it on 20 August 2022 for AED 485,000, or AED 1,136 per sqft, 4% above the AED 1,097 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 June 2022. The current contract, signed on 1 June 2022, is AED 40,000 a year: a gross yield of 8.3% on the 2022 price, before the service charge of about AED 7,700 a year.
Sales and rents for 501 over time
501 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 Park View Tower, and where 501 sits
All 156 studios →501 last sold in August 2022 at AED 1,136 per sqft, 4% above what studios in Park View Tower were fetching at the time (AED 1,097). Over the last 12 months studios sold for AED 141,595 to 787,608, around AED 1,384 per sqft, and rent for AED 24,000 to 110,000 a year. 501's AED 40,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Sep 202624 September 2026 | 474 sqft | 600,000 | 1,266 | ||
| 27 Jul 202627 July 2026 | 475 sqft | 141,595 | 298 | ||
| 11 Jun 202611 June 2026 | 472 sqft | 545,000 | 1,154 | ||
| 27 Apr 202627 April 2026 | 474 sqft | 660,000 | 1,392 |
Park View Tower
Building278 apartments, studios to 3-bed over 19 floors in Jumeirah Village Circle (JVC), completed in 2021 by Revi Real Estate Development . 17 sold in the last 12 months.
- Typical price per sqft
- AED 1,217 Down 8.6%
- Typical sale
- AED 673K
- Typical rent
- AED 57K /yr
- Typical yield
- 7.9%
Other units on the 5th floor
All 278 units in Park View Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 989 sqft | AED 790KAED 790,200 · Jan 2022January 2022 | ||
| 503 | Studio | 469 sqft | AED 440KAED 440,000 · Mar 2022March 2022 | 49,500 /yr | |
| 504 | Studio | 472 sqft | AED 650KAED 650,000 · May 2025May 2025 | 57,198 /yr | |
| 505 | Studio | 474 sqft | AED 650KAED 650,000 · Apr 2025April 2025 | 72,000 /yr | |
| 506 | Studio | 474 sqft | AED 445KAED 445,000 · May 2022May 2022 | 54,000 /yr | |
| 507 | Studio | 472 sqft | AED 445KAED 445,000 · May 2022May 2022 | ||
| 508 | Studio | 467 sqft | AED 650KAED 650,000 · Oct 2024October 2024 | 50,000 /yr | |
| 509 | 1-bed | 992 sqft | AED 1.1MAED 1,100,000 · Apr 2025April 2025 | ||
| 510 | Studio | 473 sqft | AED 470KAED 470,000 · Aug 2022August 2022 | 55,000 /yr | |
| 511 | Studio | 472 sqft | AED 520KAED 520,000 · Mar 2022March 2022 | ||
| 512 | 1-bed | 996 sqft | AED 645KAED 645,362 · Dec 2020December 2020 | 80,000 /yr | |
| 513 | Studio | 469 sqft | AED 535KAED 535,000 · Aug 2022August 2022 | 48,000 /yr | |
| 514 | Studio | 472 sqft | AED 600KAED 600,000 · Oct 2024October 2024 | 18,000 /yr | |
| 515 | Studio | 474 sqft | AED 660KAED 660,000 · Apr 2026April 2026 | ||
| 516 | Studio | 474 sqft | AED 545KAED 545,000 · Jun 2022June 2022 | 36,000 /yr | |
| 517 | Studio | 475 sqft | AED 535KAED 535,000 · Aug 2022August 2022 | 60,000 /yr | |
| 518 | Studio | 465 sqft | AED 600KAED 600,000 · Sep 2023September 2023 | 55,000 /yr | |
| 519 | 1-bed | 1,004 sqft | AED 999KAED 999,000 · Feb 2026February 2026 | 85,000 /yr | |
| 520 | Studio | 420 sqft | AED 475KAED 475,000 · Jun 2022June 2022 | 58,000 /yr |
501, Park View Tower in numbers
- Sold once: by Revi Real Estate Development on 20 August 2022 for AED 485,000, or AED 1,136 per sqft.
- Rented since June 2022 on one Ejari contract, at AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2022 price is 8.3%, before a service charge of about AED 7,700 a year (AED 18.11 per sqft).
- Studios in Park View Tower sold for AED 141,595–787,608 in the 12 months to November 2026; the building's median across all types is AED 1,217 per sqft.
Source: Dubai Land Department. Updated 20 August 2022.
Questions about 501, Park View Tower
What did unit 501 last sell for?
AED 485,000 on 20 August 2022, sold by the developer: AED 1,136 per sqft for 427 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 40,000 a year on the contract signed on 1 June 2022.
How big is unit 501?
427 sqft (39.7 sqm): a studio on the 5th floor of a 19-storey tower completed in 2021.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Park View Tower sold for AED 141,595 to 787,608 in the last 12 months, around AED 1,384 per sqft.
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Mortgage on 501, Park View Tower
Starts from the last sale price (AED 485K, 20 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 485,000
- Deposit, UAE resident (20%)
- AED 97,000
- Deposit, non-resident (40%)
- AED 194,000
- Monthly over 25 years at 3.7%
- AED 1,984
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →