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

508, The Views 2

Sold prices and rental history: sold 3 times, last in September 2020, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 30 September 2020
Last soldAED 1.4M30 September 2020
Current rentAED 130K /yr21 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, The Views 2

What is 508 worth today?

Last sold for AED 1,400,000 in 2020

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30 Sep 2020SoldReady
AED 1,400,000AED 673 per sqft
29 Sep 2020SoldReady
AED 1,662,807AED 799 per sqft
21 Sep 2020RentedNew contract
AED 130,000/yr12 months · AED 63 per sqft
25 Jan 2017RentedNew contract
AED 165,000/yr12 months · AED 79 per sqft
22 Mar 2010Sold by developerReady
AED 1,492,800AED 718 per sqft

Source: Dubai Land Department. Updated 30 September 2020.

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 1.4M · September 2020
Building
The Views 2

About 508, The Views 2

508 is a three-bedroom apartment of 2,079 sqft on the 5th floor of The Views 2, a 6-storey tower in The Views completed in 2003 by Emaar. It last sold on 30 September 2020 for AED 1,400,000, or AED 673 per sqft, 9% below the AED 736 three-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 21 September 2020, is AED 130,000 a year: a gross yield of 9.3% on the 2020 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 2
1M2M2008201320182023Typical sale price by year: 2008 AED 1,592,500; 2009 AED 1,004,544; 2010 AED 1,119,148; 2011 AED 1,170,000; 2012 AED 1,425,000; 2013 AED 2,400,000; 2016 AED 1,850,000; 2020 AED 1,531,404; 2023 AED 2,050,000; 2025 AED 2,530,000Sold by developer, March 2010: AED 1,492,800 (AED 718 per sqft)Sold, September 2020: AED 1,400,000 (AED 673 per sqft)Sold, September 2020: AED 1,662,807 (AED 799 per sqft)

508 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 508, each contractTypical three-bed in The Views 2
150K2012201620202024Typical rent by year: 2012 AED 127,000; 2013 AED 130,000; 2014 AED 170,000; 2015 AED 168,000; 2016 AED 160,000; 2017 AED 155,000; 2018 AED 130,000; 2019 AED 133,333; 2020 AED 125,000; 2021 AED 112,500; 2022 AED 125,000; 2023 AED 136,581; 2024 AED 151,500; 2025 AED 170,000; 2026 AED 180,000New contract, January 2017: AED 165,000 a yearNew contract, September 2020: AED 130,000 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 2, and where 508 sits

All 30 3-beds →

508 last sold in September 2020 at AED 673 per sqft, 9% below what three-beds in The Views 2 were fetching at the time (AED 736). 508's AED 130,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
8 Apr 20252,530,000
13 Feb 20252,525,000
14 Jan 20253,350,000
10 Oct 20243,050,000
0 3-bed sales in the last 12 months

The Views 2

Building

45 apartments, 2-bed to 4-bed over 6 floors in The Views, completed in 2003 by Emaar. 3 sold in the last 12 months.

Typical price per sqft
AED 1,634
Typical sale
AED 2.65M
Typical rent
AED 163K /yr
Typical yield
5.3%
The Views 2, The Views: prices, sales and rents →

Other units on the 5th floor

All 45 units in The Views 2
Value
5073-bedAED 1.4M · Sep 2020

508, The Views 2 in numbers

  • Sold 3 times: first on 22 March 2010 for AED 1,492,800, last on 30 September 2020 for AED 1,400,000 (AED 673 per sqft).
  • Rented since January 2017 on 2 Ejari contracts, from AED 165,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2020 price is 9.3%, before a service charge of about AED 42,400 a year (AED 20.39 per sqft).

Source: Dubai Land Department. Updated 30 September 2020.

Questions about 508, The Views 2

What did unit 508 last sell for?

AED 1,400,000 on 30 September 2020: AED 673 per sqft for 2,079 sqft. The unit has 3 registered sales; the first was AED 1,492,800 in March 2010.

What is the rent for unit 508?

AED 130,000 a year on the contract signed on 21 September 2020. The previous contract, from January 2017, was AED 165,000.

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 2

Starts from the last sale price (AED 1.4M, 30 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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