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

508, The Views 1

Sold prices and rental history: sold twice, last in December 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 7 December 2021
Last soldAED 2.15M7 December 2021
Current rentAED 135K /yr15 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, The Views 1

What is 508 worth today?

Last sold for AED 2,150,000 in 2021

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7 Dec 2021SoldReady
AED 2,150,000AED 1,034 per sqft
15 Aug 2020RentedRenewal
AED 135,000/yr12 months · AED 65 per sqft
15 Aug 2019RentedRenewal
AED 150,000/yr12 months · AED 72 per sqft
15 Aug 2018RentedNew contract
AED 155,000/yr12 months · AED 75 per sqft
1 Dec 2017RentedRenewal
AED 202,692/yr5 months · AED 98 per sqft
1 Dec 2016RentedNew contract
AED 190,000/yr12 months · AED 91 per sqft
1 Dec 2015RentedNew contract
AED 190,000/yr12 months · AED 91 per sqft
15 Sep 2013RentedNew contract
AED 190,000/yr12 months · AED 91 per sqft

Source: Dubai Land Department. Updated 7 December 2021.

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 2.15M · December 2021
Building
The Views 1

About 508, The Views 1

508 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 7 December 2021 for AED 2,150,000, or AED 1,034 per sqft, in line with the AED 1,034 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 15 August 2020, is AED 135,000 a year: a gross yield of 6.3% on the 2021 price, before the service charge of about AED 42,400 a year.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical three-bed in The Views 1
1M2M2008201320182023Typical 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 by developer, June 2010: AED 806,112 (AED 387 per sqft)Sold, December 2021: AED 2,150,000 (AED 1,034 per sqft)

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

Rents
Unit 508, each contractTypical three-bed in The Views 1
100K150K200K2012201620202024Typical 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, September 2013: AED 190,000 a yearNew contract, December 2015: AED 190,000 a yearNew contract, December 2016: AED 190,000 a yearRenewal, December 2017: AED 202,692 a yearNew contract, August 2018: AED 155,000 a yearRenewal, August 2019: AED 150,000 a yearRenewal, August 2020: AED 135,000 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 508 sits

All 30 3-beds →

508 last sold in December 2021 at AED 1,034 per sqft, in line with what three-beds in The Views 1 were fetching at the time (AED 1,034). 508's AED 135,000 is at the bottom 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
5073-bedAED 1.75M · Feb 2012

508, The Views 1 in numbers

  • Sold twice: first on 16 June 2010 for AED 806,112, last on 7 December 2021 for AED 2,150,000 (AED 1,034 per sqft).
  • Rented since September 2013 on 7 Ejari contracts, from AED 190,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2021 price is 6.3%, before a service charge of about AED 42,400 a year (AED 20.39 per sqft).

Source: Dubai Land Department. Updated 7 December 2021.

Questions about 508, The Views 1

What did unit 508 last sell for?

AED 2,150,000 on 7 December 2021: AED 1,034 per sqft for 2,079 sqft. The unit has 2 registered sales; the first was AED 806,112 in June 2010.

What is the rent for unit 508?

AED 135,000 a year on the contract renewed on 15 August 2020. The previous contract, from August 2019, was AED 150,000; the unit has been rented since September 2013.

How big is unit 508?

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 508 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 508, The Views 1

Starts from the last sale price (AED 2.15M, 7 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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