502, Warda 1
Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Warda 1
What is 502 worth today?
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Source: Dubai Land Department. Updated 20 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 995 sqft
- Floor
- 5th of 19
- Parking
- P-423
- Developer
- Nshmi Development
- Completed
- 2019
- Service charge
- AED 15,400 /yr
- Last sold
- AED 940K · November 2023
- Building
- Warda 1
About 502, Warda 1
502 is a two-bedroom apartment of 995 sqft on the 5th floor of Warda 1, a 19-storey tower in Town Square completed in 2019 by Nshmi Development. It last sold on 23 November 2023 for AED 940,000, or AED 944 per sqft, 8% above the AED 872 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 20 March 2024, is AED 58,146 a year: a gross yield of 6.2% on the 2023 price, before the service charge of about AED 15,400 a year.
Sales and rents for 502 over time
502 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Warda 1, and where 502 sits
All 108 2-beds →502 last sold in November 2023 at AED 944 per sqft, 8% above what two-beds in Warda 1 were fetching at the time (AED 872). Over the last 12 months two-beds sold for AED 1,240,000 to 1,625,888, around AED 1,384 per sqft, and rent for AED 45,000 to 145,608 a year. 502's AED 58,146 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Nov 20264 November 2026 | 986 sqft | 1,500,888 | 1,521 | ||
| 3 Nov 20263 November 2026 | 1,186 sqft | 1,520,000 | 1,281 | ||
| 15 Sep 202615 September 2026 | 939 sqft | 1,485,000 | 1,581 | ||
| 30 Jul 202630 July 2026 | 1,183 sqft | 1,550,000 | 1,309 |
Warda 1
Building153 apartments, 1-bed to 3-bed over 19 floors in Town Square, completed in 2019 by Nshmi Development. 15 sold in the last 12 months.
- Typical price per sqft
- AED 1,384 Up 8.1%
- Typical sale
- AED 1.5M
- Typical rent
- AED 85K /yr
- Typical yield
- 5.8%
Other units on the 5th floor
All 153 units in Warda 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,956 sqft | AED 1.99MAED 1,986,888 · Jul 2016July 2016 | 140,000 /yr | |
| 503 | 2-bed | 938 sqft | AED 1.1MAED 1,095,888 · Mar 2016March 2016 | ||
| 504 | 3-bed | 1,950 sqft | AED 1.56MAED 1,560,888 · Dec 2020December 2020 | ||
| 505 | 2-bed | 1,224 sqft | AED 921KAED 920,888 · Nov 2020November 2020 | 80,500 /yr | |
| 506 | 2-bed | 983 sqft | AED 930KAED 930,000 · Apr 2024April 2024 | 87,000 /yr | |
| 507 | 2-bed | 941 sqft | AED 816KAED 815,888 · Mar 2016March 2016 | 65,000 /yr | |
| 508 | 2-bed | 1,225 sqft | AED 965KAED 965,000 · Feb 2024February 2024 | 65,000 /yr |
502, Warda 1 in numbers
- Sold twice: first on 14 March 2016 for AED 1,108,888, last on 23 November 2023 for AED 940,000 (AED 944 per sqft).
- Rented since March 2020 on 6 Ejari contracts. The rent fell from AED 54,000 to AED 48,000 in 2021 and recovered to AED 58,146 by March 2024.
- At AED 58,146 a year the gross yield on the 2023 price is 6.2%, before a service charge of about AED 15,400 a year (AED 15.52 per sqft).
- Two-beds in Warda 1 sold for AED 1,240,000–1,625,888 in the 12 months to November 2026; the building's median across all types is AED 1,384 per sqft.
Source: Dubai Land Department. Updated 20 March 2024.
Questions about 502, Warda 1
What did unit 502 last sell for?
AED 940,000 on 23 November 2023: AED 944 per sqft for 995 sqft. The unit has 2 registered sales; the first was AED 1,108,888 in March 2016.
What is the rent for unit 502?
AED 58,146 a year on the contract renewed on 20 March 2024. The previous contract, from March 2023, was AED 57,750; the unit has been rented since March 2020.
How big is unit 502?
995 sqft (92.4 sqm): a two-bedroom apartment on the 5th floor of a 19-storey tower completed in 2019.
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 Warda 1 sold for AED 1,240,000 to 1,625,888 in the last 12 months, around AED 1,384 per sqft.
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Mortgage on 502, Warda 1
Starts from the last sale price (AED 940K, 23 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 940,000
- Deposit, UAE resident (20%)
- AED 188,000
- Deposit, non-resident (40%)
- AED 376,000
- Monthly over 25 years at 3.7%
- AED 3,846
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →