2-bed · 1,164 sqftOne Park Avenue, Sobha Hartland · 5th floor · completed 2022

503, One Park Avenue

Sold prices and rental history: sold once, by the developer in July 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 15 October 2023
Last soldAED 1.65M12 July 2021
Current rentAED 155K /yr15 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, One Park Avenue

What is 503 worth today?

Last sold for AED 1,648,914 in 2021

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15 Oct 2023RentedNew contract
AED 155,000/yr12 months · AED 133 per sqft
15 Oct 2022RentedNew contract
AED 130,000/yr12 months · AED 112 per sqft
12 Jul 2021Sold by developerOff-plan
AED 1,648,914AED 1,416 per sqft

Source: Dubai Land Department. Updated 15 October 2023.

Key facts

Type
2-bed apartment
Size
1,164 sqft
Floor
5th of 24
Parking
P2-344
Developer
Sobha
Completed
2022
Last sold
AED 1.65M · July 2021

About 503, One Park Avenue

503 is a two-bedroom apartment of 1,164 sqft on the 5th floor of One Park Avenue, a 24-storey tower in Sobha Hartland completed in 2022 by Sobha. The developer sold it on 12 July 2021 for AED 1,648,914, or AED 1,416 per sqft, 6% below the AED 1,501 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 15 October 2023, is AED 155,000 a year: a gross yield of 9.4% on the 2021 price.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical two-bed in One Park Avenue
2M2.5M2020202220242026Typical sale price by year: 2020 AED 1,754,213; 2021 AED 1,711,750; 2022 AED 1,762,886; 2023 AED 2,000,000; 2024 AED 2,300,000; 2025 AED 2,450,000; 2026 AED 2,220,000Sold by developer, July 2021: AED 1,648,914 (AED 1,416 per sqft)

503 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 503, each contractTypical two-bed in One Park Avenue
120K140K160K202220242026Typical rent by year: 2022 AED 120,000; 2023 AED 131,500; 2024 AED 139,813; 2025 AED 146,500; 2026 AED 147,000New contract, October 2022: AED 130,000 a yearNew contract, October 2023: AED 155,000 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 One Park Avenue, and where 503 sits

All 163 2-beds →

503 last sold in July 2021 at AED 1,416 per sqft, 6% below what two-beds in One Park Avenue were fetching at the time (AED 1,501). Over the last 12 months two-beds sold for AED 2,000,000 to 2,650,000, around AED 1,922 per sqft, and rent for AED 75,000 to 190,000 a year. 503's AED 155,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20262,100,000
23 Oct 20262,000,000
14 Sep 20262,220,000
3 Sep 20262,260,000
14 2-bed sales in the last 12 months

One Park Avenue

Building

397 apartments, 1-bed to 4-bed over 24 floors in Sobha Hartland, completed in 2022 by Sobha. 26 sold in the last 12 months.

Typical price per sqft
AED 1,989 Down 5.6%
Typical sale
AED 2.28M
Typical rent
AED 150K /yr
Typical yield
6.2%
One Park Avenue, Sobha Hartland: prices, sales and rents →

Other units on the 5th floor

All 397 units in One Park Avenue
Value
5011-bedAED 950K · Oct 2020
5021-bedAED 1.11M · Mar 2023
5042-bedAED 2M · Feb 2023
5052-bedAED 1.54M · Mar 2022
5062-bedAED 1.65M · Oct 2021
5073-bedAED 2.2M · Dec 2021
5083-bedAED 2.65M · Oct 2023
1–7 of 17

503, One Park Avenue in numbers

  • Sold once: by Sobha on 12 July 2021 for AED 1,648,914, or AED 1,416 per sqft.
  • Rented since October 2022 on 2 Ejari contracts, from AED 130,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2021 price is 9.4%.
  • Two-beds in One Park Avenue sold for AED 2,000,000–2,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,989 per sqft.

Source: Dubai Land Department. Updated 15 October 2023.

Questions about 503, One Park Avenue

What did unit 503 last sell for?

AED 1,648,914 on 12 July 2021, sold by the developer: AED 1,416 per sqft for 1,164 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 155,000 a year on the contract signed on 15 October 2023. The previous contract, from October 2022, was AED 130,000.

How big is unit 503?

1,164 sqft (108.1 sqm): a two-bedroom apartment on the 5th floor of a 24-storey tower completed in 2022.

What is unit 503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in One Park Avenue sold for AED 2,000,000 to 2,650,000 in the last 12 months, around AED 1,922 per sqft.

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Mortgage on 503, One Park Avenue

Starts from the last sale price (AED 1.65M, 12 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,648,914
Deposit, UAE resident (20%)
AED 329,783
Deposit, non-resident (40%)
AED 659,566
Monthly over 25 years at 3.7%
AED 6,746

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