2-bed · 1,457 sqftOrchid Residence Science Park, Dubai Science Park (Dubiotech) · 3rd floor · completed 2019

306, Orchid Residence Science Park

Sold prices and rental history: sold once, by the developer in January 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 5 March 2024
Last soldAED 1.22M8 January 2024
Current rentAED 68K /yr5 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, Orchid Residence Science Park

What is 306 worth today?

Last sold for AED 1,216,866 in 2024

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5 Mar 2024RentedRenewal
AED 67,925/yr4 months · AED 47 per sqft
8 Jan 2024Sold by developerReady
AED 1,216,866AED 834 per sqft
5 Mar 2023RentedRenewal
AED 68,000/yr12 months · AED 47 per sqft
5 Sep 2022RentedRenewal
AED 65,000/yr6 months · AED 45 per sqft
5 Sep 2021RentedRenewal
AED 65,000/yr12 months · AED 43 per sqft
5 Aug 2020RentedNew contract
AED 65,000/yr13 months · AED 43 per sqft

Source: Dubai Land Department. Updated 5 March 2024.

Key facts

Type
2-bed apartment
Size
1,457 sqft
Floor
3rd of 28
Parking
B1-21
Developer
Ahmed Alansari Real Estate Development
Completed
2019
Last sold
AED 1.22M · January 2024

About 306, Orchid Residence Science Park

306 is a two-bedroom apartment of 1,457 sqft on the 3rd 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 8 January 2024 for AED 1,216,866, or AED 834 per sqft, in line with the AED 854 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 5 March 2024, is AED 67,925 a year: a gross yield of 5.6% on the 2024 price.

Sales and rents for 306 over time

Sales
Unit 306, 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, January 2024: AED 1,216,866 (AED 834 per sqft)

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

Rents
Unit 306, 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, August 2020: AED 65,000 a yearRenewal, September 2021: AED 65,000 a yearRenewal, September 2022: AED 65,000 a yearRenewal, March 2023: AED 68,000 a yearRenewal, March 2024: AED 67,925 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 306 sits

All 100 2-beds →

306 last sold in January 2024 at AED 834 per sqft, in line with 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. 306's AED 67,925 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
3012-bedAED 1.25M · Feb 2024
3021-bedAED 731K · Jul 2023
3031-bedAED 768K · Jul 2023
3041-bedAED 731K · Apr 2023
3052-bedAED 1.23M · May 2023
3071-bedAED 669K · Sep 2023
3081-bedAED 707K · Jul 2023
1–7 of 9

306, Orchid Residence Science Park in numbers

  • Sold once: by Ahmed Alansari Real Estate Development on 8 January 2024 for AED 1,216,866, or AED 834 per sqft.
  • Rented since August 2020 on 5 Ejari contracts, from AED 65,000 to AED 67,925 a year.
  • At AED 67,925 a year the gross yield on the 2024 price is 5.6%.
  • 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 5 March 2024.

Questions about 306, Orchid Residence Science Park

What did unit 306 last sell for?

AED 1,216,866 on 8 January 2024, sold by the developer: AED 834 per sqft for 1,457 sqft. It is the only registered sale of the unit.

What is the rent for unit 306?

AED 67,925 a year on the contract renewed on 5 March 2024. The previous contract, from March 2023, was AED 68,000; the unit has been rented since August 2020.

How big is unit 306?

1,457 sqft (135.4 sqm): a two-bedroom apartment on the 3rd floor of a 28-storey tower completed in 2019.

What is unit 306 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 306, Orchid Residence Science Park

Starts from the last sale price (AED 1.22M, 8 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,216,866
Deposit, UAE resident (20%)
AED 243,373
Deposit, non-resident (40%)
AED 486,746
Monthly over 25 years at 3.7%
AED 4,979

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