Unit 123, Belgravia 2: what it sold for and what it is worth now

Unit 123 at Belgravia 2 is a studio of 503 sq ft. It last sold for AED 530,828 on 8 Jul 2020. At AED 1,491 per sq ft, from 5 sales in the building in the last 12 months (studio), it is worth about AED 750,000 today.

Value todayAED 750,000AED 745,000 to AED 792,000
Last saleAED 530,8288 Jul 2020 · Resale
Change since last sale+41.3%Building trend alone: AED 774,838
Rent (median asking, studio)AED 55,000Gross yield 7.3%
Bedroomsstudio
Size503 sq ft
Floor1 (from the unit number)
Position in the towerStack 23: units ending 23 share the same layout and view
BuildingBelgravia 2 by Ellington Properties, handed over 2019
Registered sales of this unit1

Every registered sale of unit 123

DatePriceSizeAED/sq ftType
8 Jul 2020AED 530,828503 sq ft1,055Resale

Units ending 23 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
32312 Oct 2022AED 535,000503 sq ft1,064Resale

Latest studio sales in Belgravia 2

UnitDatePriceSizeAED/sq ftType
32521 Jul 2026AED 745,000503 sq ft1,481Resale
33916 Jul 2026AED 725,000457 sq ft1,586Resale
21113 May 2026AED 790,000541 sq ft1,460Resale
23920 Apr 2026AED 720,000457 sq ft1,575Resale
2242 Apr 2026AED 750,000503 sq ft1,491Resale
31113 Aug 2025AED 765,000541 sq ft1,414Resale
11220 Jun 2025AED 690,000505 sq ft1,366Resale
3218 Apr 2025AED 780,000506 sq ft1,542Resale

How we worked out the value

We took the 5 sales in Belgravia 2 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,491). We multiplied it by the size of this unit (503 sq ft). The range uses the middle half of those sales (AED 1,481 to AED 1,575 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 774,838. Floor, view, condition and upgrades can move the price either way. Sales data to 11 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 123 at Belgravia 2 worth?

About AED 750,000 (range AED 745,000 to AED 792,000), based on AED 1,491 per sq ft from registered sales up to 11 Sep 2026.

When did unit 123 last sell?

8 Jul 2020, for AED 530,828 (resale). It has 1 registered sale.

What rent can unit 123 make?

A studio in Belgravia 2 rents for about AED 55,000 a year (median asking rent). That is a gross yield of 7.3% on the estimate.

Sales alert for Belgravia 2All sales in Belgravia 2

Unit 122 · Unit 127