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1-bed · 991 sqftShakespeare Circus 1, Uptown Motorcity · 5th floor

516, Shakespeare Circus 1

Sold prices and rental history: sold 3 times, last in November 2021, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 17 November 2021
Last soldAED 496K17 November 2021
Current rentAED 40K /yr18 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Shakespeare Circus 1

What is 516 worth today?

Last sold for AED 495,500 in 2021

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17 Nov 2021SoldReady
AED 495,500AED 499 per sqft
18 Oct 2020RentedRenewal
AED 40,000/yr12 months · AED 40 per sqft
18 Oct 2019RentedNew contract
AED 55,000/yr12 months · AED 55 per sqft
18 Sep 2017RentedNew contract
AED 67,000/yr12 months · AED 68 per sqft
25 Sep 2013SoldReady
AED 690,727AED 696 per sqft
1 Feb 2011Sold by developerReady
AED 495,500AED 499 per sqft

Source: Dubai Land Department. Updated 17 November 2021.

Key facts

Type
1-bed apartment
Size
991 sqft
Floor
5th of 5
Parking
137
Service charge
AED 11,500 /yr
Last sold
AED 496K · November 2021
Building
Shakespeare Circus 1

About 516, Shakespeare Circus 1

516 is a one-bedroom apartment of 991 sqft on the 5th floor of Shakespeare Circus 1, a 5-storey tower in Uptown Motorcity. It last sold on 17 November 2021 for AED 495,500, or AED 499 per sqft, in line with the AED 501 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 18 October 2020, is AED 40,000 a year: a gross yield of 8.1% on the 2021 price, before the service charge of about AED 11,500 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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 495,500 (AED 499 per sqft)Sold, September 2013: AED 690,727 (AED 696 per sqft)Sold, November 2021: AED 495,500 (AED 499 per sqft)

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

Rents
Unit 516, 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, September 2017: AED 67,000 a yearNew contract, October 2019: AED 55,000 a yearRenewal, October 2020: AED 40,000 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 516 sits

All 123 1-beds →

516 last sold in November 2021 at AED 499 per sqft, in line with what one-beds in Shakespeare Circus 1 were fetching at the time (AED 501). 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. 516's AED 40,000 is at the bottom 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
5061-bedAED 484K · Aug 2022
5071-bedAED 940K · Sep 2016
1–7 of 20

516, Shakespeare Circus 1 in numbers

  • Sold 3 times: first on 1 February 2011 for AED 495,500, last on 17 November 2021 for AED 495,500 (AED 499 per sqft).
  • Rented since September 2017 on 3 Ejari contracts, from AED 67,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2021 price is 8.1%, before a service charge of about AED 11,500 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 17 November 2021.

Questions about 516, Shakespeare Circus 1

What did unit 516 last sell for?

AED 495,500 on 17 November 2021: AED 499 per sqft for 991 sqft. The unit has 3 registered sales; the first was AED 495,500 in February 2011.

What is the rent for unit 516?

AED 40,000 a year on the contract renewed on 18 October 2020. The previous contract, from October 2019, was AED 55,000; the unit has been rented since September 2017.

How big is unit 516?

991 sqft (92.1 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower.

What is unit 516 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 516, Shakespeare Circus 1

Starts from the last sale price (AED 496K, 17 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 495,500
Deposit, UAE resident (20%)
AED 99,100
Deposit, non-resident (40%)
AED 198,200
Monthly over 25 years at 3.7%
AED 2,027

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