2-bed · 1,020 sqftParkside Rawda Apartments, Town Square · 5th floor · completed 2020

502, Parkside Rawda Apartments

Sold prices and rental history: sold twice, last in September 2022, and rented once, from June 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 20 September 2022
Last soldAED 830K20 September 2022
Current rentAED 58K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Parkside Rawda Apartments

What is 502 worth today?

Last sold for AED 830,000 in 2022

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20 Sep 2022SoldReady
AED 830,000AED 813 per sqft
1 Jun 2021RentedNew contract
AED 58,000/yr12 months · AED 57 per sqft
13 Aug 2020Sold by developerReady
AED 1,010,888AED 991 per sqft

Source: Dubai Land Department. Updated 20 September 2022.

Key facts

Type
2-bed apartment
Size
1,020 sqft
Floor
5th of 6
Parking
P-378
Developer
Nshama Properties
Completed
2020
Service charge
AED 16,600 /yr
Last sold
AED 830K · September 2022

About 502, Parkside Rawda Apartments

502 is a two-bedroom apartment of 1,020 sqft on the 5th floor of Parkside Rawda Apartments, a 6-storey tower in Town Square completed in 2020 by Nshama Properties. It last sold on 20 September 2022 for AED 830,000, or AED 813 per sqft.

One Ejari contract is registered, from 1 June 2021. The current contract, signed on 1 June 2021, is AED 58,000 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 16,600 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Parkside Rawda Apartments
1M1.5M2020202220242026Typical sale price by year: 2020 AED 980,388; 2021 AED 964,888; 2024 AED 1,145,888; 2025 AED 1,400,000; 2026 AED 1,417,944Sold by developer, August 2020: AED 1,010,888 (AED 991 per sqft)Sold, September 2022: AED 830,000 (AED 813 per sqft)

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

Rents
Unit 502, each contractTypical two-bed in Parkside Rawda Apartments
50K75K2020202220242026Typical rent by year: 2020 AED 43,000; 2021 AED 45,000; 2022 AED 52,800; 2023 AED 60,500; 2024 AED 70,000; 2025 AED 87,000; 2026 AED 90,000New contract, June 2021: AED 58,000 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 Parkside Rawda Apartments, and where 502 sits

All 42 2-beds →

Over the last 12 months two-beds sold for AED 1,200,000 to 1,675,000, around AED 1,278 per sqft, and rent for AED 65,000 to 107,500 a year. 502's AED 58,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Aug 20261,300,000
14 Jul 20261,200,000
22 May 20261,260,000
12 Feb 20261,600,888
7 2-bed sales in the last 12 months

Parkside Rawda Apartments

Building

120 apartments, 1-bed to 3-bed over 6 floors in Town Square, completed in 2020 by Nshama Properties. 13 sold in the last 12 months.

Typical price per sqft
AED 1,278 Up 3.6%
Typical sale
AED 1.2M
Typical rent
AED 65K /yr
Typical yield
6.6%
Parkside Rawda Apartments, Town Square: prices, sales and rents →

Other units on the 5th floor

All 120 units in Parkside Rawda Apartments
Value
5012-bedAED 996K · Aug 2020
5031-bedAED 741K · Aug 2020
5041-bedAED 710K · Sep 2024
5052-bedAED 1.25M · Jun 2025
5061-bedAED 796K · Aug 2020
5073-bedAED 2.04M · Oct 2024
5081-bedAED 811K · Nov 2020
1–7 of 19

502, Parkside Rawda Apartments in numbers

  • Sold twice: first on 13 August 2020 for AED 1,010,888, last on 20 September 2022 for AED 830,000 (AED 813 per sqft).
  • Rented since June 2021 on one Ejari contract, at AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2022 price is 7.0%, before a service charge of about AED 16,600 a year (AED 16.27 per sqft).
  • Two-beds in Parkside Rawda Apartments sold for AED 1,200,000–1,675,000 in the 12 months to November 2026; the building's median across all types is AED 1,278 per sqft.

Source: Dubai Land Department. Updated 20 September 2022.

Questions about 502, Parkside Rawda Apartments

What did unit 502 last sell for?

AED 830,000 on 20 September 2022: AED 813 per sqft for 1,020 sqft. The unit has 2 registered sales; the first was AED 1,010,888 in August 2020.

What is the rent for unit 502?

AED 58,000 a year on the contract signed on 1 June 2021.

How big is unit 502?

1,020 sqft (94.8 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

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 Parkside Rawda Apartments sold for AED 1,200,000 to 1,675,000 in the last 12 months, around AED 1,278 per sqft.

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Mortgage on 502, Parkside Rawda Apartments

Starts from the last sale price (AED 830K, 20 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 830,000
Deposit, UAE resident (20%)
AED 166,000
Deposit, non-resident (40%)
AED 332,000
Monthly over 25 years at 3.7%
AED 3,396

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