2-bed · 1,494 sqftAsayel 1, Umm Suqeim Third · 5th floor · completed 2023

507, Asayel 1

Sold prices and rental history: sold 3 times, last in November 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 20 November 2023
Last soldAED 3.42M20 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Asayel 1

What is 507 worth today?

Last sold for AED 3,420,000 in 2023

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20 Nov 2023SoldReady
AED 3,420,000AED 2,288 per sqft
6 Apr 2023SoldOff-plan
AED 3,100,000AED 2,076 per sqft
29 Jan 2020Sold by developerOff-plan
AED 2,610,000AED 1,748 per sqft

Source: Dubai Land Department. Updated 20 November 2023.

Key facts

Type
2-bed apartment
Size
1,494 sqft
Floor
5th of 10
Parking
B-91
Developer
Jumeirah Hills Development
Completed
2023
Last sold
AED 3.42M · November 2023
Building
Asayel 1

About 507, Asayel 1

507 is a two-bedroom apartment of 1,494 sqft on the 5th floor of Asayel 1, a 10-storey tower in Umm Suqeim Third completed in 2023 by Jumeirah Hills Development . It last sold on 20 November 2023 for AED 3,420,000, or AED 2,288 per sqft, in line with the AED 2,337 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical two-bed in Asayel 1
3M4M2019202120232025Typical sale price by year: 2019 AED 2,626,000; 2020 AED 2,654,000; 2021 AED 2,599,000; 2022 AED 2,900,000; 2023 AED 3,600,000; 2024 AED 3,800,000Sold by developer, January 2020: AED 2,610,000 (AED 1,748 per sqft)Sold, April 2023: AED 3,100,000 (AED 2,076 per sqft)Sold, November 2023: AED 3,420,000 (AED 2,288 per sqft)

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

Rents
Unit 507, each contractTypical two-bed in Asayel 1
200K210K220K2024202520262027Typical rent by year: 2024 AED 200,000; 2025 AED 220,000; 2026 AED 212,502

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

2-beds in Asayel 1, and where 507 sits

All 34 2-beds →

507 last sold in November 2023 at AED 2,288 per sqft, in line with what two-beds in Asayel 1 were fetching at the time (AED 2,337). Over the last 12 months two-beds sold for AED 3,530,000 to 3,780,000, around AED 2,367 per sqft, and rent for AED 120,000 to 325,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Jan 20263,780,000
23 Jan 20263,530,000
19 Jun 20254,150,000
14 Mar 20253,482,500
2 2-bed sales in the last 12 months

Asayel 1

Building

90 apartments, 1-bed to 4-bed over 10 floors in Umm Suqeim Third, completed in 2023 by Jumeirah Hills Development . 9 sold in the last 12 months.

Typical price per sqft
AED 2,414
Typical sale
AED 3.53M
Typical rent
AED 140K /yr
Typical yield
5.6%
Asayel 1, Umm Suqeim Third: prices, sales and rents →

Other units on the 5th floor

All 90 units in Asayel 1
Value
5011-bedAED 1.48M · Sep 2019
5024-bedAED 5.44M · Aug 2021
5033-bedAED 4.7M · May 2022
5043-bedAED 8.1M · Apr 2024
5051-bedAED 2.5M · Mar 2026
5062-bedAED 2.74M · Jun 2020
5081-bedAED 2.25M · Dec 2023

507, Asayel 1 in numbers

  • Sold 3 times: first on 29 January 2020 for AED 2,610,000, last on 20 November 2023 for AED 3,420,000 (AED 2,288 per sqft).
  • Two-beds in Asayel 1 sold for AED 3,530,000–3,780,000 in the 12 months to November 2026; the building's median across all types is AED 2,414 per sqft.

Source: Dubai Land Department. Updated 20 November 2023.

Questions about 507, Asayel 1

What did unit 507 last sell for?

AED 3,420,000 on 20 November 2023: AED 2,288 per sqft for 1,494 sqft. The unit has 3 registered sales; the first was AED 2,610,000 in January 2020.

How big is unit 507?

1,494 sqft (138.8 sqm): a two-bedroom apartment on the 5th floor of a 10-storey tower completed in 2023.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Asayel 1 sold for AED 3,530,000 to 3,780,000 in the last 12 months, around AED 2,367 per sqft.

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Mortgage on 507, Asayel 1

Starts from the last sale price (AED 3.42M, 20 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,420,000
Deposit, UAE resident (20%)
AED 684,000
Deposit, non-resident (40%)
AED 1,368,000
Monthly over 25 years at 3.7%
AED 13,992

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