Unit A508, Parkwood Residence: what it sold for and what it is worth now

Unit A508 at Parkwood Residence is a studio of 482 sq ft. It last sold for AED 699,967 on 7 Oct 2024. At AED 1,129 per sq ft, from 14 sales of units ending 08 (same position in the tower), it is worth about AED 544,000 today.

Value todayAED 544,000AED 502,000 to AED 602,000
Last saleAED 699,9677 Oct 2024 · Off-plan
Change since last sale-22.3%Building trend alone: AED 698,179
Bedroomsstudio
Size482 sq ft
Floor5 (from the unit number)
Position in the towerStack 08: units ending 08 share the same layout and view
BuildingParkwood Residence by Arabian Gulf Properties, handed over 2026
Registered sales of this unit1

Every registered sale of unit A508

DatePriceSizeAED/sq ftType
7 Oct 2024AED 699,967482 sq ft1,452Off-plan

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
A4082 Jul 2025AED 856,350482 sq ft1,777Off-plan
C00811 Jun 2025AED 824,917652 sq ft1,265Off-plan
B2083 Mar 2025AED 1,396,5001,218 sq ft1,147Off-plan
C40827 Feb 2025AED 1,296,9371,331 sq ft974Off-plan
B40827 Nov 2024AED 1,426,2941,218 sq ft1,171Off-plan
A20812 Nov 2024AED 640,043482 sq ft1,328Off-plan
A1087 Nov 2024AED 1,390,2901,405 sq ft990Off-plan
C20825 Oct 2024AED 1,379,7521,349 sq ft1,023Off-plan

Latest studio sales in Parkwood Residence

UnitDatePriceSizeAED/sq ftType
C5021 Apr 2026AED 704,547484 sq ft1,456Off-plan
A20210 Oct 2025AED 673,000553 sq ft1,217Off-plan
B5029 Jul 2025AED 770,279484 sq ft1,591Off-plan
A4082 Jul 2025AED 856,350482 sq ft1,777Off-plan
B5072 Jul 2025AED 769,971484 sq ft1,591Off-plan
C00811 Jun 2025AED 824,917652 sq ft1,265Off-plan
C0012 Mar 2025AED 818,384652 sq ft1,255Off-plan
A50327 Feb 2025AED 686,225467 sq ft1,469Off-plan

How we worked out the value

We took the 14 resale sales of units ending 08 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,129). We multiplied it by the size of this unit (482 sq ft). The range uses the middle half of those sales (AED 1,041 to AED 1,249 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 698,179. Floor, view, condition and upgrades can move the price either way. Sales data to 4 Aug 2026, from the Dubai Land Department register.

Questions

What is unit A508 at Parkwood Residence worth?

About AED 544,000 (range AED 502,000 to AED 602,000), based on AED 1,129 per sq ft from registered sales up to 4 Aug 2026.

When did unit A508 last sell?

7 Oct 2024, for AED 699,967 (off-plan). It has 1 registered sale.

Sales alert for Parkwood ResidenceAll sales in Parkwood Residence

Unit A507 · Unit A509