2-bed · 1,457 sqftOrchid Residence Science Park, Dubai Science Park (Dubiotech) · 4th floor · completed 2019

406, Orchid Residence Science Park

Sold prices and rental history: sold once, by the developer in April 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 23 April 2024
Last soldAED 1.4M23 April 2024
Current rentAED 70K /yr10 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Orchid Residence Science Park

What is 406 worth today?

Last sold for AED 1,400,000 in 2024

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23 Apr 2024Sold by developerReady
AED 1,400,000AED 960 per sqft
10 Jun 2023RentedRenewal
AED 70,000/yr12 months · AED 48 per sqft
10 Jun 2022RentedNew contract
AED 65,000/yr12 months · AED 45 per sqft
26 Jan 2021RentedRenewal
AED 68,000/yr12 months · AED 45 per sqft
26 Dec 2019RentedNew contract
AED 68,000/yr13 months · AED 45 per sqft

Source: Dubai Land Department. Updated 23 April 2024.

Key facts

Type
2-bed apartment
Size
1,457 sqft
Floor
4th of 28
Parking
B1-31
Developer
Ahmed Alansari Real Estate Development
Completed
2019
Last sold
AED 1.4M · April 2024

About 406, Orchid Residence Science Park

406 is a two-bedroom apartment of 1,457 sqft on the 4th 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 23 April 2024 for AED 1,400,000, or AED 960 per sqft, 12% above the AED 854 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 10 June 2023, is AED 70,000 a year: a gross yield of 5.0% on the 2024 price.

Sales and rents for 406 over time

Sales
Unit 406, 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, April 2024: AED 1,400,000 (AED 960 per sqft)

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

Rents
Unit 406, 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, December 2019: AED 68,000 a yearRenewal, January 2021: AED 68,000 a yearNew contract, June 2022: AED 65,000 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 406 sits

All 100 2-beds →

406 last sold in April 2024 at AED 960 per sqft, 12% 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. 406'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
4012-bedAED 1.22M · Aug 2023
4021-bedAED 682K · Feb 2023
4031-bedAED 920K · Oct 2024
4041-bedAED 750K · Feb 2023
4052-bedAED 1.25M · Feb 2024
4071-bedAED 669K · May 2023
4081-bedAED 720K · Oct 2023
1–7 of 9

406, Orchid Residence Science Park in numbers

  • Sold once: by Ahmed Alansari Real Estate Development on 23 April 2024 for AED 1,400,000, or AED 960 per sqft.
  • Rented since December 2019 on 4 Ejari contracts, from AED 68,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2024 price is 5.0%.
  • 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 23 April 2024.

Questions about 406, Orchid Residence Science Park

What did unit 406 last sell for?

AED 1,400,000 on 23 April 2024, sold by the developer: AED 960 per sqft for 1,457 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 70,000 a year on the contract renewed on 10 June 2023. The previous contract, from June 2022, was AED 65,000; the unit has been rented since December 2019.

How big is unit 406?

1,457 sqft (135.4 sqm): a two-bedroom apartment on the 4th floor of a 28-storey tower completed in 2019.

What is unit 406 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 406, Orchid Residence Science Park

Starts from the last sale price (AED 1.4M, 23 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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