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2-bed · 953 sqftAscot Residence, Town Square · 5th floor · completed 2024

502, Ascot Residence

Sold prices and rental history: sold once, by the developer in March 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 July 2026
Last soldAED 961K15 March 2023
Current rentAED 87K /yr1 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Ascot Residence

What is 502 worth today?

Last sold for AED 960,888 in 2023

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1 Jul 2026RentedNew contract
AED 87,000/yr12 months · AED 92 per sqft
13 Jun 2025RentedNew contract
AED 85,000/yr12 months · AED 90 per sqft
15 Mar 2023Sold by developerOff-plan
AED 960,888AED 1,008 per sqft

Source: Dubai Land Department. Updated 1 July 2026.

Key facts

Type
2-bed apartment
Size
953 sqft
Floor
5th of 5
Parking
1
Developer
Nshama Properties
Completed
2024
Last sold
AED 961K · March 2023
Building
Ascot Residence

About 502, Ascot Residence

502 is a two-bedroom apartment of 953 sqft on the 5th floor of Ascot Residence, a 5-storey tower in Town Square completed in 2024 by Nshama Properties. The developer sold it on 15 March 2023 for AED 960,888, or AED 1,008 per sqft, in line with the AED 1,011 two-beds in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 1 July 2026, is AED 87,000 a year: a gross yield of 9.0% on the 2023 price.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Ascot Residence
1M1.2M1.4M20232024202520262027Typical sale price by year: 2023 AED 945,888; 2024 AED 938,388; 2025 AED 1,282,500; 2026 AED 1,340,000Sold by developer, March 2023: AED 960,888 (AED 1,008 per sqft)

502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 502, each contractTypical two-bed in Ascot Residence
85K90K95K202520262027Typical rent by year: 2025 AED 95,000; 2026 AED 94,200New contract, June 2025: AED 85,000 a yearNew contract, July 2026: AED 87,000 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 Ascot Residence, and where 502 sits

All 78 2-beds →

502 last sold in March 2023 at AED 1,008 per sqft, in line with what two-beds in Ascot Residence were fetching at the time (AED 1,011). Over the last 12 months two-beds sold for AED 1,200,000 to 1,500,000, around AED 1,477 per sqft, and rent for AED 84,000 to 135,000 a year. 502's AED 87,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Oct 20261,350,000
30 Jul 20261,340,000
14 Jul 20261,300,000
18 May 20261,200,000
11 2-bed sales in the last 12 months

Ascot Residence

Building

140 apartments, studios to 3-bed over 5 floors in Town Square, completed in 2024 by Nshama Properties. 19 sold in the last 12 months.

Typical price per sqft
AED 1,477 Up 6.3%
Typical sale
AED 1.25M
Typical rent
AED 90K /yr
Typical yield
6.9%
Ascot Residence, Town Square: prices, sales and rents →

Other units on the 5th floor

All 140 units in Ascot Residence
Value
5012-bedAED 1.28M · Mar 2025
5032-bedAED 1.4M · Jun 2025
5041-bedAED 910K · Mar 2026
5052-bedAED 1.25M · Mar 2025
5061-bedAED 674K · Dec 2024
5071-bedAED 835K · Oct 2025
5082-bedAED 1.28M · Mar 2025
1–7 of 27

502, Ascot Residence in numbers

  • Sold once: by Nshama Properties on 15 March 2023 for AED 960,888, or AED 1,008 per sqft.
  • Rented since June 2025 on 2 Ejari contracts, from AED 85,000 to AED 87,000 a year.
  • At AED 87,000 a year the gross yield on the 2023 price is 9.0%.
  • Two-beds in Ascot Residence sold for AED 1,200,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,477 per sqft.

Source: Dubai Land Department. Updated 1 July 2026.

Questions about 502, Ascot Residence

What did unit 502 last sell for?

AED 960,888 on 15 March 2023, sold by the developer: AED 1,008 per sqft for 953 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 87,000 a year on the contract signed on 1 July 2026. The previous contract, from June 2025, was AED 85,000.

How big is unit 502?

953 sqft (88.5 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2024.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ascot Residence sold for AED 1,200,000 to 1,500,000 in the last 12 months, around AED 1,477 per sqft.

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Mortgage on 502, Ascot Residence

Starts from the last sale price (AED 961K, 15 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 960,888
Deposit, UAE resident (20%)
AED 192,178
Deposit, non-resident (40%)
AED 384,355
Monthly over 25 years at 3.7%
AED 3,931

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