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3-bed · 2,079 sqftThe Views 1, The Views · 5th floor · completed 2003

507, The Views 1

Sold prices and rental history: sold twice, last in February 2012, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 1.75M27 February 2012
Current rentAED 160K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, The Views 1

What is 507 worth today?

Last sold for AED 1,750,000 in 2012

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1 Mar 2024RentedRenewal
AED 160,000/yr12 months · AED 77 per sqft
1 Mar 2023RentedRenewal
AED 155,000/yr12 months · AED 75 per sqft
1 Mar 2022RentedRenewal
AED 140,000/yr12 months · AED 67 per sqft
1 Mar 2021RentedNew contract
AED 130,000/yr12 months · AED 63 per sqft
27 Feb 2012SoldReady
AED 1,750,000AED 841 per sqft
26 Feb 2012Sold by developerReady
AED 1,585,062AED 762 per sqft

Source: Dubai Land Department. Updated 1 March 2024.

Key facts

Type
3-bed apartment
Size
2,079 sqft
Floor
5th of 6
Parking
nan
Developer
Emaar
Completed
2003
Service charge
AED 42,400 /yr
Last sold
AED 1.75M · February 2012
Building
The Views 1

About 507, The Views 1

507 is a three-bedroom apartment of 2,079 sqft on the 5th floor of The Views 1, a 6-storey tower in The Views completed in 2003 by Emaar. It last sold on 27 February 2012 for AED 1,750,000, or AED 841 per sqft, 11% above the AED 760 three-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 1 March 2024, is AED 160,000 a year: a gross yield of 9.1% on the 2012 price, before the service charge of about AED 42,400 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical three-bed in The Views 1
2M2008201320182023Typical sale price by year: 2008 AED 1,325,000; 2009 AED 1,450,000; 2010 AED 1,250,000; 2012 AED 1,585,062; 2013 AED 1,650,000; 2016 AED 2,100,000; 2021 AED 1,800,000; 2022 AED 1,800,000; 2024 AED 2,412,500Sold, February 2012: AED 1,750,000 (AED 841 per sqft)Sold by developer, February 2012: AED 1,585,062 (AED 762 per sqft)

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

Rents
Unit 507, each contractTypical three-bed in The Views 1
100K150K2012201620202024Typical rent by year: 2012 AED 115,500; 2013 AED 147,500; 2014 AED 160,000; 2015 AED 165,000; 2016 AED 160,000; 2017 AED 156,000; 2018 AED 142,500; 2019 AED 120,000; 2020 AED 110,000; 2021 AED 105,000; 2022 AED 125,000; 2023 AED 148,676; 2024 AED 160,000; 2025 AED 169,250New contract, March 2021: AED 130,000 a yearRenewal, March 2022: AED 140,000 a yearRenewal, March 2023: AED 155,000 a yearRenewal, March 2024: AED 160,000 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 The Views 1, and where 507 sits

All 30 3-beds →

507 last sold in February 2012 at AED 841 per sqft, 11% above what three-beds in The Views 1 were fetching at the time (AED 760). 507's AED 160,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
25 Apr 20252,750,000
11 Apr 20252,820,000
17 Oct 20242,525,000
2 Aug 20242,300,000
0 3-bed sales in the last 12 months

The Views 1

Building

45 apartments, 2-bed to 4-bed over 6 floors in The Views, completed in 2003 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 1,558
Typical sale
AED 2.52M
Typical rent
AED 150K /yr
Typical yield
5.8%
The Views 1, The Views: prices, sales and rents →

Other units on the 5th floor

All 45 units in The Views 1
Value
5083-bedAED 2.15M · Dec 2021

507, The Views 1 in numbers

  • Sold twice: first on 26 February 2012 for AED 1,585,062, last on 27 February 2012 for AED 1,750,000 (AED 841 per sqft).
  • Rented since March 2021 on 4 Ejari contracts, from AED 130,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2012 price is 9.1%, before a service charge of about AED 42,400 a year (AED 20.39 per sqft).

Source: Dubai Land Department. Updated 1 March 2024.

Questions about 507, The Views 1

What did unit 507 last sell for?

AED 1,750,000 on 27 February 2012: AED 841 per sqft for 2,079 sqft. The unit has 2 registered sales; the first was AED 1,585,062 in February 2012.

What is the rent for unit 507?

AED 160,000 a year on the contract renewed on 1 March 2024. The previous contract, from March 2023, was AED 155,000; the unit has been rented since March 2021.

How big is unit 507?

2,079 sqft (193.1 sqm): a three-bedroom apartment on the 5th floor of a 6-storey tower completed in 2003.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 507, The Views 1

Starts from the last sale price (AED 1.75M, 27 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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