2-bed · 1,652 sqftSherlock House 2, Uptown Motorcity · 5th floor

502, Sherlock House 2

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 February 2025
Last soldAED 1.22M14 June 2009
Current rentAED 89K /yr1 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Sherlock House 2

What is 502 worth today?

Last sold for AED 1,218,000 in 2009

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1 Feb 2025RentedRenewal
AED 89,250/yr12 months · AED 54 per sqft
1 Feb 2025RentedRenewal
AED 89,250/yr12 months · AED 54 per sqft
1 Feb 2024RentedRenewal
AED 89,250/yr12 months · AED 54 per sqft
1 Feb 2024RentedRenewal
AED 89,250/yr12 months · AED 54 per sqft
1 Feb 2023RentedNew contract
AED 85,000/yr12 months · AED 52 per sqft
1 Sep 2020RentedNew contract
AED 60,000/yr12 months · AED 36 per sqft
13 Jun 2019RentedRenewal
AED 80,000/yr12 months · AED 49 per sqft
15 Jun 2018RentedRenewal
AED 100,000/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 1 February 2025.

Key facts

Type
2-bed apartment
Size
1,652 sqft
Floor
5th of 5
Parking
401 in FXH8-466 in FXH8
Service charge
AED 19,700 /yr
Last sold
AED 1.22M · June 2009

About 502, Sherlock House 2

502 is a two-bedroom apartment of 1,652 sqft on the 5th floor of Sherlock House 2, a 5-storey tower in Uptown Motorcity. The developer sold it on 14 June 2009 for AED 1,218,000, or AED 737 per sqft, in line with the AED 725 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 89,250 a year: a gross yield of 7.3% on the 2009 price, before the service charge of about AED 19,700 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Sherlock House 2
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,001,300; 2010 AED 1,000,000; 2012 AED 870,000; 2013 AED 1,200,000; 2014 AED 1,302,000; 2017 AED 1,103,800; 2019 AED 750,000; 2021 AED 810,000; 2022 AED 1,010,000; 2023 AED 1,100,000; 2024 AED 1,400,000; 2025 AED 1,640,000Sold by developer, June 2009: AED 1,218,000 (AED 737 per sqft)

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

Rents
Unit 502, each contractTypical two-bed in Sherlock House 2
50K100K2012201620202024Typical rent by year: 2012 AED 72,000; 2013 AED 84,297; 2014 AED 102,500; 2015 AED 118,000; 2016 AED 115,000; 2017 AED 110,000; 2018 AED 95,000; 2019 AED 80,500; 2020 AED 68,000; 2021 AED 68,000; 2022 AED 73,875; 2023 AED 87,529; 2024 AED 105,000; 2025 AED 120,000; 2026 AED 112,500New contract, June 2013: AED 100,000 a yearNew contract, June 2014: AED 100,000 a yearNew contract, June 2015: AED 100,000 a yearRenewal, June 2016: AED 100,000 a yearRenewal, June 2017: AED 100,000 a yearRenewal, June 2018: AED 100,000 a yearRenewal, June 2019: AED 80,000 a yearNew contract, September 2020: AED 60,000 a yearNew contract, February 2023: AED 85,000 a yearRenewal, February 2024: AED 89,250 a yearRenewal, February 2024: AED 89,250 a yearRenewal, February 2025: AED 89,250 a yearRenewal, February 2025: AED 89,250 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 Sherlock House 2, and where 502 sits

All 45 2-beds →

502 last sold in June 2009 at AED 737 per sqft, in line with what two-beds in Sherlock House 2 were fetching at the time (AED 725). Over the last 12 months two-beds sold for AED 1,600,000 to 1,950,000, around AED 1,178 per sqft, and rent for AED 85,000 to 130,000 a year. 502's AED 89,250 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20261,950,000
16 Mar 20261,900,000
17 Nov 20251,600,000
18 Aug 20252,000,000
3 2-bed sales in the last 12 months

Sherlock House 2

Building

111 apartments, studios to 3-bed over 5 floors in Uptown Motorcity. 11 sold in the last 12 months.

Typical price per sqft
AED 1,028 Up 3.1%
Typical sale
AED 1.08M
Typical rent
AED 90K /yr
Typical yield
7.3%
Sherlock House 2, Uptown Motorcity: prices, sales and rents →

Other units on the 5th floor

All 111 units in Sherlock House 2
Value
5012-bedAED 600K · May 2013
5031-bedAED 520K · Oct 2020
5043-bedAED 1.8M · Jun 2024
5052-bedAED 730K · Jul 2017

502, Sherlock House 2 in numbers

  • Sold once: by the developer on 14 June 2009 for AED 1,218,000, or AED 737 per sqft.
  • Rented since June 2013 on 13 Ejari contracts. The rent fell from AED 100,000 to AED 60,000 in 2020 and recovered to AED 89,250 by February 2025.
  • At AED 89,250 a year the gross yield on the 2009 price is 7.3%, before a service charge of about AED 19,700 a year (AED 11.90 per sqft).
  • Two-beds in Sherlock House 2 sold for AED 1,600,000–1,950,000 in the 12 months to November 2026; the building's median across all types is AED 1,028 per sqft.

Source: Dubai Land Department. Updated 1 February 2025.

Questions about 502, Sherlock House 2

What did unit 502 last sell for?

AED 1,218,000 on 14 June 2009, sold by the developer: AED 737 per sqft for 1,652 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 89,250 a year on the contract renewed on 1 February 2025. The previous contract, from February 2025, was AED 89,250; the unit has been rented since June 2013.

How big is unit 502?

1,652 sqft (153.5 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sherlock House 2 sold for AED 1,600,000 to 1,950,000 in the last 12 months, around AED 1,178 per sqft.

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Mortgage on 502, Sherlock House 2

Starts from the last sale price (AED 1.22M, 14 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,218,000
Deposit, UAE resident (20%)
AED 243,600
Deposit, non-resident (40%)
AED 487,200
Monthly over 25 years at 3.7%
AED 4,983

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