508, Sydney Tower
Sold prices and rental history: sold once, by the developer in May 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Sydney Tower
What is 508 worth today?
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Source: Dubai Land Department. Updated 31 May 2023.
Key facts
- Type
- Studio apartment
- Size
- 388 sqft
- Floor
- 5th of 20
- Parking
- P1-43
- Last sold
- AED 445K · May 2023
- Building
- Sydney Tower
About 508, Sydney Tower
508 is a studio of 388 sqft on the 5th floor of Sydney Tower, a 20-storey tower in Jumeirah Village Circle (JVC). The developer sold it on 31 May 2023 for AED 445,000, or AED 1,145 per sqft, in line with the AED 1,137 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 14 August 2022, is AED 34,000 a year: a gross yield of 7.6% on the 2023 price.
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 Sydney Tower, and where 508 sits
All 21 studios →508 last sold in May 2023 at AED 1,145 per sqft, in line with what studios in Sydney Tower were fetching at the time (AED 1,137). Over the last 12 months studios sold for AED 435,000, around AED 1,120 per sqft, and rent for AED 42,000 to 60,000 a year. 508's AED 34,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Jul 202617 July 2026 | 388 sqft | 435,000 | 1,120 | ||
| 11 Sep 202511 September 2025 | 388 sqft | 510,000 | 1,313 | ||
| 11 Feb 202511 February 2025 | 388 sqft | 647,500 | 1,667 | ||
| 6 Nov 20246 November 2024 | 388 sqft | 600,000 | 1,544 |
Sydney Tower
Building156 apartments, studios to 2-bed over 20 floors in Jumeirah Village Circle (JVC). 24 sold in the last 12 months.
- Typical price per sqft
- AED 1,165 Down 5.1%
- Typical sale
- AED 916K
- Typical rent
- AED 73K /yr
- Typical yield
- 7.7%
Other units on the 5th floor
All 156 units in Sydney Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,117 sqft | AED 1.24MAED 1,240,000 · Nov 2025November 2025 | 105,000 /yr | |
| 502 | 1-bed | 713 sqft | No registered sale | 75,000 /yr | |
| 503 | 1-bed | 725 sqft | No registered sale | 72,500 /yr | |
| 504 | 1-bed | 796 sqft | No registered sale | 60,000 /yr | |
| 505 | 1-bed | 750 sqft | AED 770KAED 770,000 · Nov 2023November 2023 | 60,000 /yr | |
| 506 | 1-bed | 667 sqft | AED 780KAED 780,000 · Nov 2023November 2023 | 65,000 /yr | |
| 507 | 2-bed | 1,128 sqft | AED 1.34MAED 1,335,000 · Jun 2025June 2025 | 100,000 /yr |
508, Sydney Tower in numbers
- Sold once: by the developer on 31 May 2023 for AED 445,000, or AED 1,145 per sqft.
- Rented since June 2018 on 4 Ejari contracts. The rent fell from AED 39,000 to AED 28,000 in 2021 and recovered to AED 34,000 by August 2022.
- At AED 34,000 a year the gross yield on the 2023 price is 7.6%.
- Studios in Sydney Tower sold for AED 435,000–435,000 in the 12 months to November 2026; the building's median across all types is AED 1,165 per sqft.
Source: Dubai Land Department. Updated 31 May 2023.
Questions about 508, Sydney Tower
What did unit 508 last sell for?
AED 445,000 on 31 May 2023, sold by the developer: AED 1,145 per sqft for 388 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 34,000 a year on the contract renewed on 14 August 2022. The previous contract, from August 2021, was AED 28,000; the unit has been rented since June 2018.
How big is unit 508?
388 sqft (36.0 sqm): a studio on the 5th floor of a 20-storey tower.
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 Sydney Tower sold for AED 435,000 to 435,000 in the last 12 months, around AED 1,120 per sqft.
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Mortgage on 508, Sydney Tower
Starts from the last sale price (AED 445K, 31 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 445,000
- Deposit, UAE resident (20%)
- AED 89,000
- Deposit, non-resident (40%)
- AED 178,000
- Monthly over 25 years at 3.7%
- AED 1,821
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →