516, One Park Avenue
Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, One Park Avenue
What is 516 worth today?
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Source: Dubai Land Department. Updated 1 November 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,540 sqft
- Floor
- 5th of 24
- Parking
- P3-401A, P3-401B
- Developer
- Sobha
- Completed
- 2022
- Last sold
- AED 2.06M · August 2022
- Building
- One Park Avenue
About 516, One Park Avenue
516 is a three-bedroom apartment of 1,540 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 22 August 2022 for AED 2,063,533, or AED 1,340 per sqft, 11% below the AED 1,498 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 November 2024. The current contract, signed on 1 November 2024, is AED 220,000 a year: a gross yield of 10.7% on the 2022 price.
Sales and rents for 516 over time
516 has sold once; the dashed line is the three-bed median of each year in the building.
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 516 sits
All 136 3-beds →516 last sold in August 2022 at AED 1,340 per sqft, 11% below what three-beds in One Park Avenue were fetching at the time (AED 1,498). 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. 516's AED 220,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Sep 20268 September 2026 | 1,535 sqft | 2,850,000 | 1,856 | ||
| 29 Apr 202629 April 2026 | 1,482 sqft | 2,850,000 | 1,923 | ||
| 26 Mar 202626 March 2026 | 1,542 sqft | 3,350,000 | 2,172 | ||
| 3 Mar 20263 March 2026 | 1,533 sqft | 3,250,000 | 2,119 |
One Park Avenue
Building397 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%
Other units on the 5th floor
All 397 units in One Park Avenue| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 739 sqft | AED 950KAED 950,186 · Oct 2020October 2020 | 100,000 /yr | |
| 502 | 1-bed | 743 sqft | AED 1.11MAED 1,110,000 · Mar 2023March 2023 | 85,000 /yr | |
| 503 | 2-bed | 1,164 sqft | AED 1.65MAED 1,648,914 · Jul 2021July 2021 | 155,000 /yr | |
| 504 | 2-bed | 1,166 sqft | AED 2MAED 2,000,000 · Feb 2023February 2023 | ||
| 505 | 2-bed | 1,087 sqft | AED 1.54MAED 1,539,704 · Mar 2022March 2022 | 160,000 /yr | |
| 506 | 2-bed | 1,169 sqft | AED 1.65MAED 1,652,564 · Oct 2021October 2021 | 165,000 /yr | |
| 507 | 3-bed | 1,531 sqft | AED 2.2MAED 2,202,422 · Dec 2021December 2021 | ||
| 508 | 3-bed | 1,463 sqft | AED 2.65MAED 2,650,000 · Oct 2023October 2023 | ||
| 509 | 3-bed | 1,486 sqft | AED 2.14MAED 2,143,210 · Dec 2021December 2021 | ||
| 510 | 1-bed | 737 sqft | AED 991KAED 990,939 · Jul 2021July 2021 | 87,000 /yr | |
| 511 | 1-bed | 744 sqft | AED 1.39MAED 1,385,000 · Mar 2025March 2025 | ||
| 512 | 2-bed | 1,165 sqft | AED 1.65MAED 1,648,758 · Feb 2022February 2022 | ||
| 513 | 2-bed | 1,165 sqft | AED 2MAED 2,000,000 · Aug 2023August 2023 | ||
| 514 | 2-bed | 1,089 sqft | AED 1.54MAED 1,544,586 · Aug 2021August 2021 | 150,000 /yr | |
| 515 | 2-bed | 1,171 sqft | AED 1.66MAED 1,658,960 · Aug 2021August 2021 | 135,000 /yr | |
| 517 | 3-bed | 1,535 sqft | AED 3.3MAED 3,300,000 · Jul 2024July 2024 | 165,000 /yr | |
| 518 | 3-bed | 1,479 sqft | AED 2.13MAED 2,129,098 · Dec 2021December 2021 | 168,000 /yr |
516, One Park Avenue in numbers
- Sold once: by Sobha on 22 August 2022 for AED 2,063,533, or AED 1,340 per sqft.
- Rented since November 2024 on one Ejari contract, at AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2022 price is 10.7%.
- 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 1 November 2024.
Questions about 516, One Park Avenue
What did unit 516 last sell for?
AED 2,063,533 on 22 August 2022, sold by the developer: AED 1,340 per sqft for 1,540 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 220,000 a year on the contract signed on 1 November 2024.
How big is unit 516?
1,540 sqft (143.1 sqm): a three-bedroom apartment on the 5th floor of a 24-storey tower completed in 2022.
What is unit 516 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 516, One Park Avenue
Starts from the last sale price (AED 2.06M, 22 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,063,533
- Deposit, UAE resident (20%)
- AED 412,707
- Deposit, non-resident (40%)
- AED 825,413
- Monthly over 25 years at 3.7%
- AED 8,443
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →