2-bed · 2,110 sqftWorld Trade Centre Residence, Trade Center Second · 5th floor · completed 2008

514, World Trade Centre Residence

Sold prices and rental history: sold twice, last in November 2018, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 1 March 2023
Last soldAED 1.75M22 November 2018
Current rentAED 185K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 514, World Trade Centre Residence

What is 514 worth today?

Last sold for AED 1,750,000 in 2018

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1 Mar 2023RentedRenewal
AED 185,000/yr12 months · AED 88 per sqft
1 Mar 2022RentedRenewal
AED 160,000/yr12 months · AED 76 per sqft
1 Mar 2021RentedRenewal
AED 152,500/yr12 months · AED 72 per sqft
1 Mar 2020RentedNew contract
AED 160,000/yr12 months · AED 76 per sqft
22 Nov 2018SoldReady
AED 1,750,000AED 829 per sqft
1 Nov 2017RentedNew contract
AED 170,000/yr12 months · AED 81 per sqft
24 Dec 2008Sold by developerReady
AED 2,986,450AED 1,415 per sqft

Source: Dubai Land Department. Updated 1 March 2023.

Key facts

Type
2-bed apartment
Size
2,110 sqft
Floor
5th of 39
Parking
B2-112
Developer
Jumeirah Group
Completed
2008
Service charge
AED 71,700 /yr
Last sold
AED 1.75M · November 2018

About 514, World Trade Centre Residence

514 is a two-bedroom apartment of 2,110 sqft on the 5th floor of World Trade Centre Residence, a 39-storey tower in Trade Center Second completed in 2008 by Jumeirah Group. It last sold on 22 November 2018 for AED 1,750,000, or AED 829 per sqft, 17% below the AED 995 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 1 March 2023, is AED 185,000 a year: a gross yield of 10.6% on the 2018 price, before the service charge of about AED 71,700 a year.

Sales and rents for 514 over time

Sales
Unit 514, each saleTypical two-bed in World Trade Centre Residence
2M3M2008201320182023Typical sale price by year: 2008 AED 2,986,450; 2009 AED 2,894,700; 2010 AED 1,981,000; 2011 AED 1,525,000; 2012 AED 2,432,500; 2013 AED 2,950,000; 2014 AED 3,525,000; 2015 AED 2,900,000; 2016 AED 2,406,000; 2017 AED 2,450,000; 2018 AED 1,780,000; 2019 AED 2,050,000; 2021 AED 1,512,092; 2022 AED 2,100,000; 2023 AED 2,178,788; 2024 AED 2,750,000; 2025 AED 2,900,000; 2026 AED 2,800,000Sold by developer, December 2008: AED 2,986,450 (AED 1,415 per sqft)Sold, November 2018: AED 1,750,000 (AED 829 per sqft)

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

Rents
Unit 514, each contractTypical two-bed in World Trade Centre Residence
150K200K2012201620202024Typical rent by year: 2012 AED 141,750; 2013 AED 175,000; 2014 AED 200,000; 2015 AED 200,000; 2016 AED 185,000; 2017 AED 175,000; 2018 AED 153,000; 2019 AED 150,000; 2020 AED 131,000; 2021 AED 125,000; 2022 AED 140,000; 2023 AED 160,000; 2024 AED 175,000; 2025 AED 177,764; 2026 AED 170,000New contract, November 2017: AED 170,000 a yearNew contract, March 2020: AED 160,000 a yearRenewal, March 2021: AED 152,500 a yearRenewal, March 2022: AED 160,000 a yearRenewal, March 2023: AED 185,000 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 World Trade Centre Residence, and where 514 sits

All 182 2-beds →

514 last sold in November 2018 at AED 829 per sqft, 17% below what two-beds in World Trade Centre Residence were fetching at the time (AED 995). Over the last 12 months two-beds sold for AED 1,750,000 to 3,600,000, around AED 1,531 per sqft, and rent for AED 79,200 to 250,000 a year. 514's AED 185,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20261,750,000
12 Oct 20262,300,000
25 Sep 20262,900,000
16 Sep 20262,070,000
20 2-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
5054-bedAED 3.87M · Dec 2008
5062-bedAED 4.02M · Feb 2009
5074-bedAED 6.79M · Dec 2008
1–7 of 20

514, World Trade Centre Residence in numbers

  • Sold twice: first on 24 December 2008 for AED 2,986,450, last on 22 November 2018 for AED 1,750,000 (AED 829 per sqft).
  • Rented since November 2017 on 5 Ejari contracts. The rent fell from AED 170,000 to AED 152,500 in 2021 and recovered to AED 185,000 by March 2023.
  • At AED 185,000 a year the gross yield on the 2018 price is 10.6%, before a service charge of about AED 71,700 a year (AED 33.98 per sqft).
  • Two-beds in World Trade Centre Residence sold for AED 1,750,000–3,600,000 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 1 March 2023.

Questions about 514, World Trade Centre Residence

What did unit 514 last sell for?

AED 1,750,000 on 22 November 2018: AED 829 per sqft for 2,110 sqft. The unit has 2 registered sales; the first was AED 2,986,450 in December 2008.

What is the rent for unit 514?

AED 185,000 a year on the contract renewed on 1 March 2023. The previous contract, from March 2022, was AED 160,000; the unit has been rented since November 2017.

How big is unit 514?

2,110 sqft (196.0 sqm): a two-bedroom apartment on the 5th floor of a 39-storey tower completed in 2008.

What is unit 514 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in World Trade Centre Residence sold for AED 1,750,000 to 3,600,000 in the last 12 months, around AED 1,531 per sqft.

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Mortgage on 514, World Trade Centre Residence

Starts from the last sale price (AED 1.75M, 22 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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