Unit 501, Lucky 1 Residence: what it sold for and what it is worth now

Unit 501 at Lucky 1 Residence is a studio of 448 sq ft. It last sold for AED 575,000 on 8 May 2023. At AED 1,163 per sq ft, from 10 sales in the building in the last 12 months, it is worth about AED 521,000 today.

Value todayAED 521,000AED 492,000 to AED 549,000
Last saleAED 575,0008 May 2023 · Resale
Change since last sale-9.4%Building trend alone: AED 593,819
Rent (median asking, studio)AED 49,500Gross yield 9.5%
Bedroomsstudio
Size448 sq ft
Floor5 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingLucky 1 Residence by Lucky Aeon Real Estate Development, handed over 2022
Registered sales of this unit2

Every registered sale of unit 501

DatePriceSizeAED/sq ftType
8 May 2023AED 575,000448 sq ft1,283Resale
10 Nov 2020AED 480,294448 sq ft1,072Off-plan

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
10110 Apr 2026AED 1,510,0001,355 sq ft1,114Resale
40124 Apr 2025AED 660,000448 sq ft1,473Resale
10126 Sep 2024AED 1,400,0001,355 sq ft1,033Resale
70118 Oct 2023AED 585,000393 sq ft1,489Resale
20130 Nov 2022AED 550,000448 sq ft1,228Resale
40123 Sep 2022AED 480,000448 sq ft1,071Resale
10014 Apr 2022AED 1,165,0001,878 sq ft620Off-plan
4012 Feb 2022AED 470,144448 sq ft1,049Off-plan

Latest studio sales in Lucky 1 Residence

UnitDatePriceSizeAED/sq ftType
40124 Apr 2025AED 660,000448 sq ft1,473Resale
60316 Feb 2024AED 540,000391 sq ft1,381Resale
80218 Oct 2023AED 600,000417 sq ft1,439Resale
70118 Oct 2023AED 585,000393 sq ft1,489Resale
8039 Sep 2023AED 595,000391 sq ft1,522Resale
70315 Aug 2023AED 560,000391 sq ft1,432Resale
7025 Jul 2023AED 550,000417 sq ft1,319Resale
9025 Jun 2023AED 550,000417 sq ft1,319Resale

How we worked out the value

We took the 10 sales in Lucky 1 Residence in the last 12 months, worked out the price per sq ft of each, and used the middle value (AED 1,163). We multiplied it by the size of this unit (448 sq ft). The range uses the middle half of those sales (AED 1,098 to AED 1,225 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 593,819. Floor, view, condition and upgrades can move the price either way. Sales data to 28 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 501 at Lucky 1 Residence worth?

About AED 521,000 (range AED 492,000 to AED 549,000), based on AED 1,163 per sq ft from registered sales up to 28 Sep 2026.

When did unit 501 last sell?

8 May 2023, for AED 575,000 (resale). It has 2 registered sales.

What rent can unit 501 make?

A studio in Lucky 1 Residence rents for about AED 49,500 a year (median asking rent). That is a gross yield of 9.5% on the estimate.

Sales alert for Lucky 1 ResidenceAll sales in Lucky 1 Residence

Unit 415 · Unit 502