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2-bed · 1,640 sqftGolf Towers 1, The Views · 5th floor · completed 2007

502, Golf Towers 1

Sold prices and rental history: sold twice, last in April 2015, and rented once, from August 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 26 April 2015
Last soldAED 2.45M26 April 2015
Current rentAED 216K /yr2 August 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Golf Towers 1

What is 502 worth today?

Last sold for AED 2,450,000 in 2015

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26 Apr 2015SoldReady
AED 2,450,000AED 1,493 per sqft
2 Aug 2013RentedNew contract
AED 216,000/yr6 months · AED 132 per sqft
3 Feb 2009Sold by developerReady
AED 1,274,888AED 777 per sqft

Source: Dubai Land Department. Updated 26 April 2015.

Key facts

Type
2-bed apartment
Size
1,640 sqft
Floor
5th of 25
Parking
B 6
Developer
Emaar
Completed
2007
Service charge
AED 28,000 /yr
Last sold
AED 2.45M · April 2015
Building
Golf Towers 1

About 502, Golf Towers 1

502 is a two-bedroom apartment of 1,640 sqft on the 5th floor of Golf Towers 1, a 25-storey tower in The Views completed in 2007 by Emaar. It last sold on 26 April 2015 for AED 2,450,000, or AED 1,493 per sqft, in line with the AED 1,519 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 2 August 2013. The current contract, signed on 2 August 2013, is AED 216,000 a year: a gross yield of 8.8% on the 2015 price, before the service charge of about AED 28,000 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Golf Towers 1
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,009,888; 2009 AED 1,139,000; 2010 AED 1,180,500; 2011 AED 1,200,000; 2012 AED 1,350,000; 2013 AED 1,865,000; 2014 AED 2,185,000; 2015 AED 2,200,000; 2016 AED 1,960,000; 2017 AED 1,950,000; 2018 AED 1,492,500; 2019 AED 1,300,000; 2021 AED 1,560,000; 2022 AED 2,145,000; 2023 AED 1,950,000; 2024 AED 2,400,000; 2025 AED 2,700,000; 2026 AED 2,650,000Sold by developer, February 2009: AED 1,274,888 (AED 777 per sqft)Sold, April 2015: AED 2,450,000 (AED 1,493 per sqft)

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

Rents
Unit 502, each contractTypical two-bed in Golf Towers 1
100K200K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 135,000; 2014 AED 148,139; 2015 AED 150,000; 2016 AED 140,000; 2017 AED 135,000; 2018 AED 125,000; 2019 AED 110,000; 2020 AED 95,000; 2021 AED 95,000; 2022 AED 111,000; 2023 AED 130,000; 2024 AED 140,000; 2025 AED 155,000; 2026 AED 152,500New contract, August 2013: AED 216,000 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 Golf Towers 1, and where 502 sits

All 96 2-beds →

502 last sold in April 2015 at AED 1,493 per sqft, in line with what two-beds in Golf Towers 1 were fetching at the time (AED 1,519). Over the last 12 months two-beds sold for AED 2,425,000 to 3,600,000, around AED 2,084 per sqft, and rent for AED 126,500 to 296,703 a year. 502's AED 216,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Jul 20262,650,000
12 Jun 20262,650,000
27 Mar 20262,425,000
20 Jan 20262,950,000
5 2-bed sales in the last 12 months

Golf Towers 1

Building

150 apartments, 1-bed to 3-bed over 25 floors in The Views, completed in 2007 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 2,140
Typical sale
AED 2.8M
Typical rent
AED 150K /yr
Typical yield
5.2%
Golf Towers 1, The Views: prices, sales and rents →

Other units on the 5th floor

All 150 units in Golf Towers 1
Value
5012-bedAED 1.95M · Jul 2023
5033-bedAED 3.1M · Sep 2021
5042-bedAED 1.85M · Apr 2023
5052-bedAED 1.55M · Apr 2023
5061-bedAED 1.65M · May 2017

502, Golf Towers 1 in numbers

  • Sold twice: first on 3 February 2009 for AED 1,274,888, last on 26 April 2015 for AED 2,450,000 (AED 1,493 per sqft).
  • Rented since August 2013 on one Ejari contract, at AED 216,000 a year.
  • At AED 216,000 a year the gross yield on the 2015 price is 8.8%, before a service charge of about AED 28,000 a year (AED 17.07 per sqft).
  • Two-beds in Golf Towers 1 sold for AED 2,425,000–3,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,140 per sqft.

Source: Dubai Land Department. Updated 26 April 2015.

Questions about 502, Golf Towers 1

What did unit 502 last sell for?

AED 2,450,000 on 26 April 2015: AED 1,493 per sqft for 1,640 sqft. The unit has 2 registered sales; the first was AED 1,274,888 in February 2009.

What is the rent for unit 502?

AED 216,000 a year on the contract signed on 2 August 2013.

How big is unit 502?

1,640 sqft (152.4 sqm): a two-bedroom apartment on the 5th floor of a 25-storey tower completed in 2007.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Golf Towers 1 sold for AED 2,425,000 to 3,600,000 in the last 12 months, around AED 2,084 per sqft.

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Mortgage on 502, Golf Towers 1

Starts from the last sale price (AED 2.45M, 26 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

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