3-bed · 1,535 sqftOne Park Avenue, Sobha Hartland · 5th floor · completed 2022

517, One Park Avenue

Sold prices and rental history: sold twice, last in July 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 517 · DLD and Ejari recordsUpdated 16 July 2024
Last soldAED 3.3M16 July 2024
Current rentAED 165K /yr10 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 517, One Park Avenue

What is 517 worth today?

Last sold for AED 3,300,000 in 2024

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16 Jul 2024SoldReady
AED 3,300,000AED 2,149 per sqft
10 Jun 2023RentedNew contract
AED 165,000/yr12 months · AED 107 per sqft
28 Oct 2022RentedNew contract
AED 185,000/yr12 months · AED 120 per sqft
15 Dec 2021Sold by developerOff-plan
AED 2,206,757AED 1,437 per sqft

Source: Dubai Land Department. Updated 16 July 2024.

Key facts

Type
3-bed apartment
Size
1,535 sqft
Floor
5th of 24
Parking
P3-350
Developer
Sobha
Completed
2022
Last sold
AED 3.3M · July 2024

About 517, One Park Avenue

517 is a three-bedroom apartment of 1,535 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 16 July 2024 for AED 3,300,000, or AED 2,149 per sqft, 16% above the AED 1,850 three-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 10 June 2023, is AED 165,000 a year: a gross yield of 5.0% on the 2024 price.

Sales and rents for 517 over time

Sales
Unit 517, each saleTypical three-bed in One Park Avenue
2.5M3M2020202220242026Typical 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, December 2021: AED 2,206,757 (AED 1,437 per sqft)Sold, July 2024: AED 3,300,000 (AED 2,149 per sqft)

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

Rents
Unit 517, 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 178,000New contract, October 2022: AED 185,000 a yearNew contract, June 2023: AED 165,000 a year

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 517 sits

All 136 3-beds →

517 last sold in July 2024 at AED 2,149 per sqft, 16% above what three-beds in One Park Avenue were fetching at the time (AED 1,850). 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. 517's AED 165,000 is in the lower half of that range.

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

517, One Park Avenue in numbers

  • Sold twice: first on 15 December 2021 for AED 2,206,757, last on 16 July 2024 for AED 3,300,000 (AED 2,149 per sqft).
  • Rented since October 2022 on 2 Ejari contracts, from AED 185,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2024 price is 5.0%.
  • 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 16 July 2024.

Questions about 517, One Park Avenue

What did unit 517 last sell for?

AED 3,300,000 on 16 July 2024: AED 2,149 per sqft for 1,535 sqft. The unit has 2 registered sales; the first was AED 2,206,757 in December 2021.

What is the rent for unit 517?

AED 165,000 a year on the contract signed on 10 June 2023. The previous contract, from October 2022, was AED 185,000.

How big is unit 517?

1,535 sqft (142.6 sqm): a three-bedroom apartment on the 5th floor of a 24-storey tower completed in 2022.

What is unit 517 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 517, One Park Avenue

Starts from the last sale price (AED 3.3M, 16 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,300,000
Deposit, UAE resident (20%)
AED 660,000
Deposit, non-resident (40%)
AED 1,320,000
Monthly over 25 years at 3.7%
AED 13,501

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