2-bed · 1,418 sqftGolf Towers 1, The Views · 5th floor · completed 2007

504, Golf Towers 1

Sold prices and rental history: sold 5 times, last in April 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 17 January 2024
Last soldAED 1.85M28 April 2023
Current rentAED 113K /yr17 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Golf Towers 1

What is 504 worth today?

Last sold for AED 1,850,000 in 2023

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17 Jan 2024RentedNew contract
AED 112,883/yr4 months · AED 79 per sqft
28 Apr 2023SoldReady
AED 1,850,000AED 1,304 per sqft
17 Jan 2023RentedRenewal
AED 108,000/yr12 months · AED 76 per sqft
17 Jan 2022RentedNew contract
AED 100,000/yr12 months · AED 70 per sqft
1 Aug 2021RentedRenewal
AED 88,000/yr12 months · AED 62 per sqft
1 Aug 2020RentedNew contract
AED 82,000/yr12 months · AED 58 per sqft
25 Jan 2018RentedRenewal
AED 60,000/yr12 months · AED 42 per sqft
25 Jan 2017RentedNew contract
AED 130,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 17 January 2024.

Key facts

Type
2-bed apartment
Size
1,418 sqft
Floor
5th of 25
Parking
F 426
Developer
Emaar
Completed
2007
Service charge
AED 24,200 /yr
Last sold
AED 1.85M · April 2023

About 504, Golf Towers 1

504 is a two-bedroom apartment of 1,418 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 28 April 2023 for AED 1,850,000, or AED 1,304 per sqft, in line with the AED 1,304 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 17 January 2024, is AED 112,883 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 24,200 a year.

Sales and rents for 504 over time

Sales
Unit 504, 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, November 2009: AED 1,400,000 (AED 987 per sqft)Sold, November 2009: AED 934,888 (AED 659 per sqft)Sold, December 2012: AED 1,500,000 (AED 1,057 per sqft)Sold, July 2013: AED 1,865,000 (AED 1,315 per sqft)Sold, April 2023: AED 1,850,000 (AED 1,304 per sqft)

504 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 504, each contractTypical two-bed in Golf Towers 1
50K100K150K2012201620202024Typical 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 143,814 a yearNew contract, October 2013: AED 135,000 a yearNew contract, January 2015: AED 130,000 a yearRenewal, January 2016: AED 130,000 a yearNew contract, January 2017: AED 130,000 a yearRenewal, January 2018: AED 60,000 a yearNew contract, August 2020: AED 82,000 a yearRenewal, August 2021: AED 88,000 a yearNew contract, January 2022: AED 100,000 a yearRenewal, January 2023: AED 108,000 a yearNew contract, January 2024: AED 112,883 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 504 sits

All 96 2-beds →

504 last sold in April 2023 at AED 1,304 per sqft, in line with what two-beds in Golf Towers 1 were fetching at the time (AED 1,304). 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. 504's AED 112,883 is at the bottom 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
5022-bedAED 2.45M · Apr 2015
5033-bedAED 3.1M · Sep 2021
5052-bedAED 1.55M · Apr 2023
5061-bedAED 1.65M · May 2017

504, Golf Towers 1 in numbers

  • Sold 5 times: first on 15 November 2009 for AED 934,888, last on 28 April 2023 for AED 1,850,000 (AED 1,304 per sqft).
  • Rented since August 2013 on 11 Ejari contracts. The rent fell from AED 143,814 to AED 60,000 in 2018 and recovered to AED 112,883 by January 2024.
  • At AED 112,883 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 24,200 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 17 January 2024.

Questions about 504, Golf Towers 1

What did unit 504 last sell for?

AED 1,850,000 on 28 April 2023: AED 1,304 per sqft for 1,418 sqft. The unit has 5 registered sales; the first was AED 934,888 in November 2009.

What is the rent for unit 504?

AED 112,883 a year on the contract signed on 17 January 2024. The previous contract, from January 2023, was AED 108,000; the unit has been rented since August 2013.

How big is unit 504?

1,418 sqft (131.7 sqm): a two-bedroom apartment on the 5th floor of a 25-storey tower completed in 2007.

What is unit 504 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 504, Golf Towers 1

Starts from the last sale price (AED 1.85M, 28 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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