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1-bed · 967 sqftShakespeare Circus 1, Uptown Motorcity · 5th floor

506, Shakespeare Circus 1

Sold prices and rental history: sold 3 times, last in August 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 30 August 2022
Last soldAED 484K30 August 2022
Current rentAED 50K /yr17 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Shakespeare Circus 1

What is 506 worth today?

Last sold for AED 483,515 in 2022

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30 Aug 2022SoldReady
AED 483,515AED 500 per sqft
17 Aug 2021RentedRenewal
AED 50,000/yr12 months · AED 52 per sqft
17 Aug 2020RentedRenewal
AED 50,000/yr12 months · AED 52 per sqft
17 Aug 2019RentedRenewal
AED 57,000/yr12 months · AED 59 per sqft
17 Aug 2018RentedNew contract
AED 57,000/yr12 months · AED 59 per sqft
12 Mar 2017RentedNew contract
AED 76,000/yr12 months · AED 79 per sqft
27 Aug 2016RentedNew contract
AED 76,000/yr12 months · AED 79 per sqft
11 Dec 2013RentedNew contract
AED 65,000/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 30 August 2022.

Key facts

Type
1-bed apartment
Size
967 sqft
Floor
5th of 5
Parking
124
Service charge
AED 11,300 /yr
Last sold
AED 484K · August 2022
Building
Shakespeare Circus 1

About 506, Shakespeare Circus 1

506 is a one-bedroom apartment of 967 sqft on the 5th floor of Shakespeare Circus 1, a 5-storey tower in Uptown Motorcity. It last sold on 30 August 2022 for AED 483,515, or AED 500 per sqft, in line with the AED 499 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 17 August 2021, is AED 50,000 a year: a gross yield of 10.3% on the 2022 price, before the service charge of about AED 11,300 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical one-bed in Shakespeare Circus 1
500K1M20112015201920232027Typical sale price by year: 2011 AED 522,500; 2013 AED 727,668; 2014 AED 938,615; 2015 AED 677,500; 2016 AED 957,010; 2017 AED 660,000; 2020 AED 400,000; 2021 AED 520,000; 2022 AED 523,500; 2023 AED 556,765; 2024 AED 850,000; 2025 AED 915,000; 2026 AED 890,000Sold by developer, February 2011: AED 483,500 (AED 499 per sqft)Sold, September 2013: AED 673,999 (AED 696 per sqft)Sold, August 2022: AED 483,515 (AED 500 per sqft)

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

Rents
Unit 506, each contractTypical one-bed in Shakespeare Circus 1
40K60K80K2012201620202024Typical rent by year: 2012 AED 47,000; 2013 AED 49,350; 2014 AED 57,000; 2015 AED 67,981; 2016 AED 76,000; 2017 AED 70,000; 2018 AED 64,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 40,500; 2023 AED 50,000; 2024 AED 59,455; 2025 AED 60,500; 2026 AED 62,674New contract, December 2013: AED 65,000 a yearNew contract, August 2016: AED 76,000 a yearNew contract, March 2017: AED 76,000 a yearNew contract, August 2018: AED 57,000 a yearRenewal, August 2019: AED 57,000 a yearRenewal, August 2020: AED 50,000 a yearRenewal, August 2021: AED 50,000 a year

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

1-beds in Shakespeare Circus 1, and where 506 sits

All 123 1-beds →

506 last sold in August 2022 at AED 500 per sqft, in line with what one-beds in Shakespeare Circus 1 were fetching at the time (AED 499). Over the last 12 months one-beds sold for AED 685,000 to 1,325,000, around AED 997 per sqft, and rent for AED 40,540 to 94,000 a year. 506's AED 50,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Sep 20261,040,000
9 Sep 2026800,000
10 Aug 20261,000,000
13 Apr 20261,325,000
12 1-bed sales in the last 12 months

Shakespeare Circus 1

Building

125 apartments, studios to 2-bed over 5 floors in Uptown Motorcity. 13 sold in the last 12 months.

Typical price per sqft
AED 998 Up 5.8%
Typical sale
AED 950K
Typical rent
AED 60K /yr
Typical yield
7.4%
Shakespeare Circus 1, Uptown Motorcity: prices, sales and rents →

Other units on the 5th floor

All 125 units in Shakespeare Circus 1
Value
5011-bedAED 515K · Mar 2021
5021-bedAED 1.33M · Apr 2026
5031-bedAED 668K · Sep 2015
5041-bedAED 695K · Feb 2015
5051-bedAED 425K · Mar 2023
5071-bedAED 940K · Sep 2016
5081-bedAED 512K · Mar 2023
1–7 of 20

506, Shakespeare Circus 1 in numbers

  • Sold 3 times: first on 1 February 2011 for AED 483,500, last on 30 August 2022 for AED 483,515 (AED 500 per sqft).
  • Rented since December 2013 on 7 Ejari contracts, from AED 65,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2022 price is 10.3%, before a service charge of about AED 11,300 a year (AED 11.65 per sqft).
  • One-beds in Shakespeare Circus 1 sold for AED 685,000–1,325,000 in the 12 months to November 2026; the building's median across all types is AED 998 per sqft.

Source: Dubai Land Department. Updated 30 August 2022.

Questions about 506, Shakespeare Circus 1

What did unit 506 last sell for?

AED 483,515 on 30 August 2022: AED 500 per sqft for 967 sqft. The unit has 3 registered sales; the first was AED 483,500 in February 2011.

What is the rent for unit 506?

AED 50,000 a year on the contract renewed on 17 August 2021. The previous contract, from August 2020, was AED 50,000; the unit has been rented since December 2013.

How big is unit 506?

967 sqft (89.8 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower.

What is unit 506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Shakespeare Circus 1 sold for AED 685,000 to 1,325,000 in the last 12 months, around AED 997 per sqft.

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Mortgage on 506, Shakespeare Circus 1

Starts from the last sale price (AED 484K, 30 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 483,515
Deposit, UAE resident (20%)
AED 96,703
Deposit, non-resident (40%)
AED 193,406
Monthly over 25 years at 3.7%
AED 1,978

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