Unit 501, Ghalia Tower: what it sold for and what it is worth now

Unit 501 at Ghalia Tower is a studio of 440 sq ft. It last sold for AED 500,000 on 11 Mar 2024. At AED 1,080 per sq ft, from 8 sales of units ending 01 (same position in the tower), it is worth about AED 475,000 today.

Value todayAED 475,000AED 450,000 to AED 497,000
Last saleAED 500,00011 Mar 2024 · Resale
Change since last sale-5.0%Building trend alone: AED 522,228
Rent (median asking, studio)AED 43,000Gross yield 9.1%
Bedroomsstudio
Size440 sq ft
Floor5 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingGhalia Tower by DAMAC Properties, handed over 2019
Registered sales of this unit1

Every registered sale of unit 501

DatePriceSizeAED/sq ftType
11 Mar 2024AED 500,000440 sq ft1,136Resale

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
140127 Feb 2026AED 1,260,0001,125 sq ft1,120Resale
240114 Jan 2026AED 1,150,0001,125 sq ft1,022Resale
220127 Feb 2025AED 1,150,0001,125 sq ft1,022Resale
80110 Jan 2025AED 1,300,0001,125 sq ft1,156Resale
230128 Nov 2024AED 1,230,0001,125 sq ft1,093Resale
290125 Nov 2024AED 1,500,0001,125 sq ft1,333Resale
37011 Nov 2024AED 1,090,0001,125 sq ft969Resale
200128 Oct 2024AED 1,200,0001,125 sq ft1,067Resale

Latest studio sales in Ghalia Tower

UnitDatePriceSizeAED/sq ftType
181812 Oct 2026AED 498,000416 sq ft1,197Resale
12178 Oct 2026AED 615,000449 sq ft1,370Resale
37192 Oct 2026AED 500,000384 sq ft1,302Resale
101116 Sep 2026AED 515,000443 sq ft1,163Resale
340231 Aug 2026AED 525,000443 sq ft1,185Resale
231127 Jul 2026AED 500,000443 sq ft1,129Resale
340420 Jul 2026AED 530,000442 sq ft1,199Resale
29082 Jul 2026AED 595,000470 sq ft1,266Resale

How we worked out the value

We took the 8 resale sales of units ending 01 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,080). We multiplied it by the size of this unit (440 sq ft). The range uses the middle half of those sales (AED 1,022 to AED 1,129 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 522,228. Floor, view, condition and upgrades can move the price either way. Sales data to 12 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 501 at Ghalia Tower worth?

About AED 475,000 (range AED 450,000 to AED 497,000), based on AED 1,080 per sq ft from registered sales up to 12 Oct 2026.

When did unit 501 last sell?

11 Mar 2024, for AED 500,000 (resale). It has 1 registered sale.

What rent can unit 501 make?

A studio in Ghalia Tower rents for about AED 43,000 a year (median asking rent). That is a gross yield of 9.1% on the estimate.

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