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2-bed · 891 sqftAscot Residence, Town Square · 5th floor · completed 2024

516, Ascot Residence

Sold prices and rental history: sold 3 times, last in January 2026, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 15 March 2026
Last soldAED 1.38M15 January 2026
Current rentAED 97K /yr15 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Ascot Residence

What is 516 worth today?

Last sold for AED 1,380,000 in 2026

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15 Mar 2026RentedNew contract
AED 96,500/yr12 months · AED 109 per sqft
15 Jan 2026SoldReady
AED 1,380,000AED 1,549 per sqft
27 Sep 2025RentedNew contract
AED 112,500/yr6 months · AED 126 per sqft
1 Jul 2025SoldReady
AED 1,000,000AED 1,122 per sqft
23 Feb 2023Sold by developerOff-plan
AED 945,888AED 1,063 per sqft

Source: Dubai Land Department. Updated 15 March 2026.

Key facts

Type
2-bed apartment
Size
891 sqft
Floor
5th of 5
Parking
G-70
Developer
Nshama Properties
Completed
2024
Last sold
AED 1.38M · January 2026
Building
Ascot Residence

About 516, Ascot Residence

516 is a two-bedroom apartment of 891 sqft on the 5th floor of Ascot Residence, a 5-storey tower in Town Square completed in 2024 by Nshama Properties. It last sold on 15 January 2026 for AED 1,380,000, or AED 1,549 per sqft, 8% above the AED 1,434 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 15 March 2026, is AED 96,500 a year: a gross yield of 7.0% on the 2026 price.

Sales and rents for 516 over time

Sales
Unit 516, each saleTypical two-bed in Ascot Residence
1M1.25M20232024202520262027Typical sale price by year: 2023 AED 945,888; 2024 AED 938,388; 2025 AED 1,282,500; 2026 AED 1,340,000Sold by developer, February 2023: AED 945,888 (AED 1,063 per sqft)Sold, July 2025: AED 1,000,000 (AED 1,122 per sqft)Sold, January 2026: AED 1,380,000 (AED 1,549 per sqft)

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

Rents
Unit 516, each contractTypical two-bed in Ascot Residence
100K110K202520262027Typical rent by year: 2025 AED 95,000; 2026 AED 94,200New contract, September 2025: AED 112,500 a yearNew contract, March 2026: AED 96,500 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 516 sits

All 78 2-beds →

516 last sold in January 2026 at AED 1,549 per sqft, 8% above what two-beds in Ascot Residence were fetching at the time (AED 1,434). 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. 516's AED 96,500 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
5022-bedAED 961K · Mar 2023
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
1–7 of 27

516, Ascot Residence in numbers

  • Sold 3 times: first on 23 February 2023 for AED 945,888, last on 15 January 2026 for AED 1,380,000 (AED 1,549 per sqft).
  • Rented since September 2025 on 2 Ejari contracts, from AED 112,500 to AED 96,500 a year.
  • At AED 96,500 a year the gross yield on the 2026 price is 7.0%.
  • 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 15 March 2026.

Questions about 516, Ascot Residence

What did unit 516 last sell for?

AED 1,380,000 on 15 January 2026: AED 1,549 per sqft for 891 sqft. The unit has 3 registered sales; the first was AED 945,888 in February 2023.

What is the rent for unit 516?

AED 96,500 a year on the contract signed on 15 March 2026. The previous contract, from September 2025, was AED 112,500.

How big is unit 516?

891 sqft (82.8 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2024.

What is unit 516 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 516, Ascot Residence

Starts from the last sale price (AED 1.38M, 15 January 2026). Switch to today's estimate once you have unlocked it.
Price
AED 1,380,000
Deposit, UAE resident (20%)
AED 276,000
Deposit, non-resident (40%)
AED 552,000
Monthly over 25 years at 3.7%
AED 5,646

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