4-bed · 2,928 sqftWorld Trade Centre Residence, Trade Center Second · 5th floor · completed 2008

505, World Trade Centre Residence

Sold prices and rental history: sold once, by the developer in December 2008, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 15 January 2016
Last soldAED 3.87M18 December 2008
Current rentAED 300K /yr15 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, World Trade Centre Residence

What is 505 worth today?

Last sold for AED 3,870,000 in 2008

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15 Jan 2016RentedNew contract
AED 300,000/yr12 months · AED 102 per sqft
15 Jun 2014RentedNew contract
AED 300,000/yr12 months · AED 102 per sqft
15 Jun 2013RentedNew contract
AED 265,000/yr12 months · AED 91 per sqft
18 Dec 2008Sold by developerReady
AED 3,870,000AED 1,321 per sqft

Source: Dubai Land Department. Updated 15 January 2016.

Key facts

Type
4-bed apartment
Size
2,928 sqft
Floor
5th of 39
Parking
B2-060,061
Developer
Jumeirah Group
Completed
2008
Service charge
AED 99,500 /yr
Last sold
AED 3.87M · December 2008

About 505, World Trade Centre Residence

505 is a four-bedroom apartment of 2,928 sqft on the 5th floor of World Trade Centre Residence, a 39-storey tower in Trade Center Second completed in 2008 by Jumeirah Group. The developer sold it on 18 December 2008 for AED 3,870,000, or AED 1,321 per sqft, in line with the AED 1,299 four-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 15 January 2016, is AED 300,000 a year: a gross yield of 7.8% on the 2008 price, before the service charge of about AED 99,500 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical four-bed in World Trade Centre Residence
4M6M2008201320182023Typical sale price by year: 2008 AED 5,080,000; 2009 AED 5,045,000; 2010 AED 3,000,000; 2012 AED 4,170,000; 2013 AED 5,550,000; 2016 AED 6,000,000; 2017 AED 5,650,000; 2018 AED 4,000,000; 2021 AED 3,902,500; 2023 AED 4,625,000; 2024 AED 5,900,000; 2025 AED 5,825,000Sold by developer, December 2008: AED 3,870,000 (AED 1,321 per sqft)

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

Rents
Unit 505, each contractTypical four-bed in World Trade Centre Residence
300K2013201720212025Typical rent by year: 2013 AED 320,000; 2014 AED 322,500; 2015 AED 327,500; 2016 AED 315,000; 2017 AED 300,000; 2018 AED 285,000; 2019 AED 250,000; 2020 AED 241,679; 2021 AED 240,000; 2022 AED 225,000; 2023 AED 273,000; 2024 AED 285,000; 2025 AED 357,955; 2026 AED 322,500New contract, June 2013: AED 265,000 a yearNew contract, June 2014: AED 300,000 a yearNew contract, January 2016: AED 300,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in World Trade Centre Residence, and where 505 sits

All 52 4-beds →

505 last sold in December 2008 at AED 1,321 per sqft, in line with what four-beds in World Trade Centre Residence were fetching at the time (AED 1,299). Over the last 12 months four-beds sold for AED 4,900,000 to 6,500,000, around AED 1,520 per sqft, and rent for AED 250,000 to 360,000 a year. 505's AED 300,000 is in the lower half of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
27 Feb 20266,500,000
13 Jan 20265,500,000
14 Nov 20254,900,000
11 Sep 20254,300,000
3 4-bed sales in the last 12 months

World Trade Centre Residence

Building

366 apartments, 1-bed to 5-bed over 39 floors in Trade Center Second, completed in 2008 by Jumeirah Group. 29 sold in the last 12 months.

Typical price per sqft
AED 1,521 Up 3.6%
Typical sale
AED 3.28M
Typical rent
AED 185K /yr
Typical yield
6.4%
World Trade Centre Residence, Trade Center Second: prices, sales and rents →
Value
5014-bedAED 2M · Jan 2018
5024-bedAED 4.9M · Nov 2025
5034-bedAED 4.11M · Dec 2008
5044-bedAED 3.5M · Jun 2012
5062-bedAED 4.02M · Feb 2009
5074-bedAED 6.79M · Dec 2008
5081-bedAED 1.42M · Mar 2013
1–7 of 20

505, World Trade Centre Residence in numbers

  • Sold once: by Jumeirah Group on 18 December 2008 for AED 3,870,000, or AED 1,321 per sqft.
  • Rented since June 2013 on 3 Ejari contracts, from AED 265,000 to AED 300,000 a year.
  • At AED 300,000 a year the gross yield on the 2008 price is 7.8%, before a service charge of about AED 99,500 a year (AED 33.98 per sqft).
  • Four-beds in World Trade Centre Residence sold for AED 4,900,000–6,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,521 per sqft.

Source: Dubai Land Department. Updated 15 January 2016.

Questions about 505, World Trade Centre Residence

What did unit 505 last sell for?

AED 3,870,000 on 18 December 2008, sold by the developer: AED 1,321 per sqft for 2,928 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 300,000 a year on the contract signed on 15 January 2016. The previous contract, from June 2014, was AED 300,000; the unit has been rented since June 2013.

How big is unit 505?

2,928 sqft (272.0 sqm): a four-bedroom apartment on the 5th floor of a 39-storey tower completed in 2008.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in World Trade Centre Residence sold for AED 4,900,000 to 6,500,000 in the last 12 months, around AED 1,520 per sqft.

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Mortgage on 505, World Trade Centre Residence

Starts from the last sale price (AED 3.87M, 18 December 2008). Switch to today's estimate once you have unlocked it.
Price
AED 3,870,000
Deposit, UAE resident (20%)
AED 774,000
Deposit, non-resident (40%)
AED 1,548,000
Monthly over 25 years at 3.7%
AED 15,833

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