2-bed · 1,457 sqftOrchid Residence Science Park, Dubai Science Park (Dubiotech) · 16th floor · completed 2019

1606, Orchid Residence Science Park

Sold prices and rental history: sold once, by the developer in December 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 11 December 2023
Last soldAED 1.3M11 December 2023
Current rentAED 70K /yr25 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1606, Orchid Residence Science Park

What is 1606 worth today?

Last sold for AED 1,300,000 in 2023

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11 Dec 2023Sold by developerReady
AED 1,300,000AED 892 per sqft
25 Jun 2023RentedRenewal
AED 70,000/yr12 months · AED 48 per sqft
25 Jun 2022RentedNew contract
AED 70,000/yr12 months · AED 48 per sqft
1 May 2021RentedRenewal
AED 72,500/yr3 months · AED 48 per sqft
1 Mar 2020RentedNew contract
AED 72,500/yr14 months · AED 48 per sqft

Source: Dubai Land Department. Updated 11 December 2023.

Key facts

Type
2-bed apartment
Size
1,457 sqft
Floor
16th of 28
Parking
B2-72
Developer
Ahmed Alansari Real Estate Development
Completed
2019
Last sold
AED 1.3M · December 2023

About 1606, Orchid Residence Science Park

1606 is a two-bedroom apartment of 1,457 sqft on the 16th floor of Orchid Residence Science Park, a 28-storey tower in Dubai Science Park (Dubiotech) completed in 2019 by Ahmed Alansari Real Estate Development . The developer sold it on 11 December 2023 for AED 1,300,000, or AED 892 per sqft, 4% above the AED 854 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 25 June 2023, is AED 70,000 a year: a gross yield of 5.4% on the 2023 price.

Sales and rents for 1606 over time

Sales
Unit 1606, each saleTypical two-bed in Orchid Residence Science Park
1.25M1.5M1.75M202220242026Typical sale price by year: 2022 AED 1,241,221; 2023 AED 1,246,013; 2024 AED 1,255,630; 2025 AED 1,715,000; 2026 AED 1,700,000Sold by developer, December 2023: AED 1,300,000 (AED 892 per sqft)

1606 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1606, each contractTypical two-bed in Orchid Residence Science Park
75K100K125K20192021202320252027Typical rent by year: 2019 AED 73,000; 2020 AED 65,000; 2021 AED 65,000; 2022 AED 65,000; 2023 AED 69,000; 2024 AED 115,000; 2025 AED 120,000; 2026 AED 115,000New contract, March 2020: AED 72,500 a yearRenewal, May 2021: AED 72,500 a yearNew contract, June 2022: AED 70,000 a yearRenewal, June 2023: AED 70,000 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 Orchid Residence Science Park, and where 1606 sits

All 100 2-beds →

1606 last sold in December 2023 at AED 892 per sqft, 4% above what two-beds in Orchid Residence Science Park were fetching at the time (AED 854). Over the last 12 months two-beds sold for AED 1,404,649 to 1,750,000, around AED 1,165 per sqft, and rent for AED 85,000 to 135,000 a year. 1606's AED 70,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Oct 20261,700,000
18 Sep 20261,700,000
10 Sep 20261,550,000
17 Aug 20261,404,649
8 2-bed sales in the last 12 months

Orchid Residence Science Park

Building

258 apartments, 1-bed to 3-bed over 28 floors in Dubai Science Park (Dubiotech), completed in 2019 by Ahmed Alansari Real Estate Development . 19 sold in the last 12 months.

Typical price per sqft
AED 1,146 Up 1.0%
Typical sale
AED 985K
Typical rent
AED 68K /yr
Typical yield
7.0%
Orchid Residence Science Park, Dubai Science Park (Dubiotech): prices, sales and rents →
Value
16012-bedAED 1.25M · Sep 2023
16021-bedAED 673K · Jun 2022
16031-bedAED 730K · Dec 2022
16041-bedAED 694K · Mar 2023
16052-bedAED 1.25M · Sep 2023
16071-bedAED 950K · Mar 2025
16081-bedAED 740K · Aug 2023
1–7 of 9

1606, Orchid Residence Science Park in numbers

  • Sold once: by Ahmed Alansari Real Estate Development on 11 December 2023 for AED 1,300,000, or AED 892 per sqft.
  • Rented since March 2020 on 4 Ejari contracts, from AED 72,500 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 5.4%.
  • Two-beds in Orchid Residence Science Park sold for AED 1,404,649–1,750,000 in the 12 months to November 2026; the building's median across all types is AED 1,146 per sqft.

Source: Dubai Land Department. Updated 11 December 2023.

Questions about 1606, Orchid Residence Science Park

What did unit 1606 last sell for?

AED 1,300,000 on 11 December 2023, sold by the developer: AED 892 per sqft for 1,457 sqft. It is the only registered sale of the unit.

What is the rent for unit 1606?

AED 70,000 a year on the contract renewed on 25 June 2023. The previous contract, from June 2022, was AED 70,000; the unit has been rented since March 2020.

How big is unit 1606?

1,457 sqft (135.4 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2019.

What is unit 1606 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Orchid Residence Science Park sold for AED 1,404,649 to 1,750,000 in the last 12 months, around AED 1,165 per sqft.

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Mortgage on 1606, Orchid Residence Science Park

Starts from the last sale price (AED 1.3M, 11 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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