2-bed · 1,399 sqftHercules Tower, Living Legends · 5th floor · completed 2020

505, Hercules Tower

Sold prices and rental history: sold 3 times, last in February 2021, and rented once, from May 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 25 February 2021
Last soldAED 740K25 February 2021
Current rentAED 62K /yr15 May 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Hercules Tower

What is 505 worth today?

Last sold for AED 740,000 in 2021

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25 Feb 2021SoldReady
AED 740,000AED 529 per sqft
15 May 2020RentedNew contract
AED 62,000/yr12 months · AED 44 per sqft
6 Apr 2017SoldOff-plan
AED 1,000,000AED 715 per sqft
12 Nov 2012Sold by developerOff-plan
AED 1,099,372AED 786 per sqft

Source: Dubai Land Department. Updated 25 February 2021.

Key facts

Type
2-bed apartment
Size
1,399 sqft
Floor
5th of 11
Parking
B-123
Developer
Tanmiyat Global Real Estate Development
Completed
2020
Service charge
AED 22,900 /yr
Last sold
AED 740K · February 2021

About 505, Hercules Tower

505 is a two-bedroom apartment of 1,399 sqft on the 5th floor of Hercules Tower, a 11-storey tower in Living Legends completed in 2020 by Tanmiyat Global Real Estate Development. It last sold on 25 February 2021 for AED 740,000, or AED 529 per sqft, in line with the AED 518 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 May 2020. The current contract, signed on 15 May 2020, is AED 62,000 a year: a gross yield of 8.4% on the 2021 price, before the service charge of about AED 22,900 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Hercules Tower
500K1M2012201620202024Typical sale price by year: 2012 AED 1,136,018; 2013 AED 1,064,525; 2014 AED 955,175; 2015 AED 1,185,912; 2016 AED 854,224; 2017 AED 1,135,000; 2018 AED 575,000; 2021 AED 702,500; 2023 AED 765,000; 2024 AED 975,000; 2025 AED 1,200,000; 2026 AED 1,187,500Sold by developer, November 2012: AED 1,099,372 (AED 786 per sqft)Sold, April 2017: AED 1,000,000 (AED 715 per sqft)Sold, February 2021: AED 740,000 (AED 529 per sqft)

505 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 505, each contractTypical two-bed in Hercules Tower
60K80K2016201920222025Typical rent by year: 2016 AED 75,000; 2017 AED 75,000; 2018 AED 72,000; 2019 AED 68,000; 2020 AED 59,000; 2021 AED 53,500; 2022 AED 58,195; 2023 AED 62,000; 2024 AED 66,000; 2025 AED 78,000; 2026 AED 79,500New contract, May 2020: AED 62,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Hercules Tower, and where 505 sits

All 38 2-beds →

505 last sold in February 2021 at AED 529 per sqft, in line with what two-beds in Hercules Tower were fetching at the time (AED 518). Over the last 12 months two-beds sold for AED 1,150,000 to 1,250,000, around AED 846 per sqft, and rent for AED 45,000 to 94,000 a year. 505's AED 62,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Oct 20261,187,500
2 Sep 20261,150,000
9 Jan 20261,250,000
4 Nov 20251,265,000
3 2-bed sales in the last 12 months

Hercules Tower

Building

143 apartments, studios to 4-bed over 11 floors in Living Legends, completed in 2020 by Tanmiyat Global Real Estate Development. 13 sold in the last 12 months.

Typical price per sqft
AED 822 Up 2.8%
Typical sale
AED 750K
Typical rent
AED 64K /yr
Typical yield
7.9%
Hercules Tower, Living Legends: prices, sales and rents →

Other units on the 5th floor

All 143 units in Hercules Tower
Value
5012-bedAED 1.03M · Feb 2013
5023-bedAED 1M · Feb 2023
5031-bedAED 466K · Apr 2023
5043-bedAED 1.32M · Mar 2013
5062-bedAED 750K · Jun 2023
5071-bedAED 751K · Oct 2012
5083-bedAED 1.31M · Mar 2013
1–7 of 11

505, Hercules Tower in numbers

  • Sold 3 times: first on 12 November 2012 for AED 1,099,372, last on 25 February 2021 for AED 740,000 (AED 529 per sqft).
  • Rented since May 2020 on one Ejari contract, at AED 62,000 a year.
  • At AED 62,000 a year the gross yield on the 2021 price is 8.4%, before a service charge of about AED 22,900 a year (AED 16.39 per sqft).
  • Two-beds in Hercules Tower sold for AED 1,150,000–1,250,000 in the 12 months to November 2026; the building's median across all types is AED 822 per sqft.

Source: Dubai Land Department. Updated 25 February 2021.

Questions about 505, Hercules Tower

What did unit 505 last sell for?

AED 740,000 on 25 February 2021: AED 529 per sqft for 1,399 sqft. The unit has 3 registered sales; the first was AED 1,099,372 in November 2012.

What is the rent for unit 505?

AED 62,000 a year on the contract signed on 15 May 2020.

How big is unit 505?

1,399 sqft (130.0 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2020.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Hercules Tower sold for AED 1,150,000 to 1,250,000 in the last 12 months, around AED 846 per sqft.

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Mortgage on 505, Hercules Tower

Starts from the last sale price (AED 740K, 25 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 740,000
Deposit, UAE resident (20%)
AED 148,000
Deposit, non-resident (40%)
AED 296,000
Monthly over 25 years at 3.7%
AED 3,028

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →