516, Park View Tower
Sold prices and rental history: sold once, by the developer in June 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Park View Tower
What is 516 worth today?
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Source: Dubai Land Department. Updated 20 January 2023.
Key facts
- Type
- Studio apartment
- Size
- 474 sqft
- Floor
- 5th of 19
- Parking
- P3-52
- Developer
- Revi Real Estate Development
- Completed
- 2021
- Service charge
- AED 8,600 /yr
- Last sold
- AED 545K · June 2022
- Building
- Park View Tower
About 516, Park View Tower
516 is a studio of 474 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 27 June 2022 for AED 545,000, or AED 1,150 per sqft, 16% above the AED 995 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 20 January 2023, is AED 36,000 a year: a gross yield of 6.6% on the 2022 price, before the service charge of about AED 8,600 a year.
Sales and rents for 516 over time
516 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 516 sits
All 156 studios →516 last sold in June 2022 at AED 1,150 per sqft, 16% above what studios in Park View Tower were fetching at the time (AED 995). 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. 516's AED 36,000 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 | |||||
|---|---|---|---|---|---|
| 501 | Studio | 427 sqft | AED 485KAED 485,000 · Aug 2022August 2022 | 40,000 /yr | |
| 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 | ||
| 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 |
516, Park View Tower in numbers
- Sold once: by Revi Real Estate Development on 27 June 2022 for AED 545,000, or AED 1,150 per sqft.
- Rented since January 2022 on 2 Ejari contracts, at AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2022 price is 6.6%, before a service charge of about AED 8,600 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 January 2023.
Questions about 516, Park View Tower
What did unit 516 last sell for?
AED 545,000 on 27 June 2022, sold by the developer: AED 1,150 per sqft for 474 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 36,000 a year on the contract signed on 20 January 2023. The previous contract, from January 2022, was AED 36,000.
How big is unit 516?
474 sqft (44.0 sqm): a studio on the 5th floor of a 19-storey tower completed in 2021.
What is unit 516 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 516, Park View Tower
Starts from the last sale price (AED 545K, 27 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 545,000
- Deposit, UAE resident (20%)
- AED 109,000
- Deposit, non-resident (40%)
- AED 218,000
- Monthly over 25 years at 3.7%
- AED 2,230
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →