3-bed · 1,463 sqftOne Park Avenue, Sobha Hartland · 5th floor · completed 2022

508, One Park Avenue

Sold prices and rental history: sold twice, last in October 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 11 October 2023
Last soldAED 2.65M11 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, One Park Avenue

What is 508 worth today?

Last sold for AED 2,650,000 in 2023

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11 Oct 2023SoldReady
AED 2,650,000AED 1,811 per sqft
4 Jan 2022Sold by developerOff-plan
AED 2,101,363AED 1,436 per sqft

Source: Dubai Land Department. Updated 11 October 2023.

Key facts

Type
3-bed apartment
Size
1,463 sqft
Floor
5th of 24
Parking
P3-359
Developer
Sobha
Completed
2022
Last sold
AED 2.65M · October 2023

About 508, One Park Avenue

508 is a three-bedroom apartment of 1,463 sqft on the 5th floor of One Park Avenue, a 24-storey tower in Sobha Hartland completed in 2022 by Sobha. It last sold on 11 October 2023 for AED 2,650,000, or AED 1,811 per sqft, 11% above the AED 1,633 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical three-bed in One Park Avenue
2M3M2020202220242026Typical sale price by year: 2020 AED 2,203,661; 2021 AED 2,280,013; 2022 AED 2,320,743; 2023 AED 2,442,411; 2024 AED 3,110,000; 2025 AED 3,200,000; 2026 AED 3,250,000Sold by developer, January 2022: AED 2,101,363 (AED 1,436 per sqft)Sold, October 2023: AED 2,650,000 (AED 1,811 per sqft)

508 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 508, each contractTypical three-bed in One Park Avenue
160K180K200K202220242026Typical rent by year: 2022 AED 165,000; 2023 AED 175,000; 2024 AED 185,000; 2025 AED 195,000; 2026 AED 178,000

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

3-beds in One Park Avenue, and where 508 sits

All 136 3-beds →

508 last sold in October 2023 at AED 1,811 per sqft, 11% above what three-beds in One Park Avenue were fetching at the time (AED 1,633). Over the last 12 months three-beds sold for AED 2,850,000 to 3,400,000, around AED 2,146 per sqft, and rent for AED 150,000 to 250,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
8 Sep 20262,850,000
29 Apr 20262,850,000
26 Mar 20263,350,000
3 Mar 20263,250,000
8 3-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
5032-bedAED 1.65M · Jul 2021
5042-bedAED 2M · Feb 2023
5052-bedAED 1.54M · Mar 2022
5062-bedAED 1.65M · Oct 2021
5073-bedAED 2.2M · Dec 2021
1–7 of 17

508, One Park Avenue in numbers

  • Sold twice: first on 4 January 2022 for AED 2,101,363, last on 11 October 2023 for AED 2,650,000 (AED 1,811 per sqft).
  • Three-beds in One Park Avenue sold for AED 2,850,000–3,400,000 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 11 October 2023.

Questions about 508, One Park Avenue

What did unit 508 last sell for?

AED 2,650,000 on 11 October 2023: AED 1,811 per sqft for 1,463 sqft. The unit has 2 registered sales; the first was AED 2,101,363 in January 2022.

How big is unit 508?

1,463 sqft (135.9 sqm): a three-bedroom apartment on the 5th floor of a 24-storey tower completed in 2022.

What is unit 508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in One Park Avenue sold for AED 2,850,000 to 3,400,000 in the last 12 months, around AED 2,146 per sqft.

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Mortgage on 508, One Park Avenue

Starts from the last sale price (AED 2.65M, 11 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

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