2-bed · 1,318 sqftGolf Towers 3, The Views · 5th floor · completed 2007

507, Golf Towers 3

Sold prices and rental history: sold 6 times, last in June 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 13 October 2023
Last soldAED 1.55M14 June 2021
Current rentAED 105K /yr13 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Golf Towers 3

What is 507 worth today?

Last sold for AED 1,550,000 in 2021

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13 Oct 2023RentedRenewal
AED 105,000/yr12 months · AED 80 per sqft
13 Oct 2022RentedRenewal
AED 102,000/yr12 months · AED 78 per sqft
13 Oct 2021RentedRenewal
AED 99,500/yr12 months · AED 76 per sqft
14 Jun 2021SoldReady
AED 1,550,000AED 1,175 per sqft
11 Oct 2020RentedNew contract
AED 93,000/yr12 months · AED 71 per sqft
1 Sep 2019RentedNew contract
AED 115,000/yr12 months · AED 88 per sqft
9 Mar 2018RentedRenewal
AED 152,000/yr12 months · AED 116 per sqft
9 Mar 2017RentedNew contract
AED 152,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 13 October 2023.

Key facts

Type
2-bed apartment
Size
1,318 sqft
Floor
5th of 30
Parking
B 201
Developer
Emaar
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 1.55M · June 2021

About 507, Golf Towers 3

507 is a two-bedroom apartment of 1,318 sqft on the 5th floor of Golf Towers 3, a 30-storey tower in The Views completed in 2007 by Emaar. It last sold on 14 June 2021 for AED 1,550,000, or AED 1,175 per sqft, 12% above the AED 1,049 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 13 October 2023, is AED 105,000 a year: a gross yield of 6.8% on the 2021 price, before the service charge of about AED 22,500 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical two-bed in Golf Towers 3
1M2M2008201320182023Typical sale price by year: 2008 AED 1,088,888; 2009 AED 1,473,888; 2010 AED 1,440,444; 2011 AED 1,237,500; 2012 AED 1,400,000; 2013 AED 1,950,000; 2014 AED 2,500,000; 2015 AED 2,105,000; 2016 AED 2,200,000; 2017 AED 2,150,000; 2018 AED 1,850,000; 2020 AED 1,485,000; 2021 AED 1,650,000; 2022 AED 2,005,000; 2023 AED 2,250,000; 2024 AED 2,400,000; 2025 AED 2,660,000; 2026 AED 2,687,500Sold by developer, August 2010: AED 995,888 (AED 755 per sqft)Sold, January 2011: AED 1,225,000 (AED 929 per sqft)Sold, May 2013: AED 1,940,000 (AED 1,471 per sqft)Sold, December 2013: AED 2,350,000 (AED 1,782 per sqft)Sold, August 2016: AED 2,000,000 (AED 1,517 per sqft)Sold, June 2021: AED 1,550,000 (AED 1,175 per sqft)

507 has sold 6 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 507, each contractTypical two-bed in Golf Towers 3
100K150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 130,000; 2014 AED 155,000; 2015 AED 160,000; 2016 AED 160,000; 2017 AED 151,000; 2018 AED 135,500; 2019 AED 121,000; 2020 AED 105,000; 2021 AED 105,000; 2022 AED 120,750; 2023 AED 133,500; 2024 AED 154,000; 2025 AED 160,000; 2026 AED 160,000New contract, January 2014: AED 170,000 a yearNew contract, January 2015: AED 170,000 a yearNew contract, January 2016: AED 170,000 a yearNew contract, March 2017: AED 152,000 a yearRenewal, March 2018: AED 152,000 a yearNew contract, September 2019: AED 115,000 a yearNew contract, October 2020: AED 93,000 a yearRenewal, October 2021: AED 99,500 a yearRenewal, October 2022: AED 102,000 a yearRenewal, October 2023: AED 105,000 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 3, and where 507 sits

All 90 2-beds →

507 last sold in June 2021 at AED 1,175 per sqft, 12% above what two-beds in Golf Towers 3 were fetching at the time (AED 1,049). Over the last 12 months two-beds sold for AED 2,300,000 to 3,800,000, around AED 2,010 per sqft, and rent for AED 125,519 to 220,000 a year. 507's AED 105,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Oct 20262,650,000
10 Jul 20262,300,000
25 Feb 20263,800,000
5 Jan 20262,725,000
5 2-bed sales in the last 12 months

Golf Towers 3

Building

210 apartments, 1-bed to 4-bed over 30 floors in The Views, completed in 2007 by Emaar. 14 sold in the last 12 months.

Typical price per sqft
AED 1,926 Up 0.1%
Typical sale
AED 2.06M
Typical rent
AED 140K /yr
Typical yield
5.9%
Golf Towers 3, The Views: prices, sales and rents →

Other units on the 5th floor

All 210 units in Golf Towers 3
Value
5011-bedAED 651K · Oct 2009
5022-bedAED 1.43M · Aug 2010
5031-bedAED 1.35M · Mar 2023
5043-bedAED 2.15M · Mar 2021
5052-bedAED 2.01M · Oct 2022
5061-bedAED 969K · Jun 2016

507, Golf Towers 3 in numbers

  • Sold 6 times: first on 12 August 2010 for AED 995,888, last on 14 June 2021 for AED 1,550,000 (AED 1,175 per sqft).
  • Rented since January 2014 on 10 Ejari contracts. The rent fell from AED 170,000 to AED 93,000 in 2020 and recovered to AED 105,000 by October 2023.
  • At AED 105,000 a year the gross yield on the 2021 price is 6.8%, before a service charge of about AED 22,500 a year (AED 17.07 per sqft).
  • Two-beds in Golf Towers 3 sold for AED 2,300,000–3,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,926 per sqft.

Source: Dubai Land Department. Updated 13 October 2023.

Questions about 507, Golf Towers 3

What did unit 507 last sell for?

AED 1,550,000 on 14 June 2021: AED 1,175 per sqft for 1,318 sqft. The unit has 6 registered sales; the first was AED 995,888 in August 2010.

What is the rent for unit 507?

AED 105,000 a year on the contract renewed on 13 October 2023. The previous contract, from October 2022, was AED 102,000; the unit has been rented since January 2014.

How big is unit 507?

1,318 sqft (122.4 sqm): a two-bedroom apartment on the 5th floor of a 30-storey tower completed in 2007.

What is unit 507 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 3 sold for AED 2,300,000 to 3,800,000 in the last 12 months, around AED 2,010 per sqft.

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Mortgage on 507, Golf Towers 3

Starts from the last sale price (AED 1.55M, 14 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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