2-bed · 1,461 sqftOrchid Residence Science Park, Dubai Science Park (Dubiotech) · 5th floor · completed 2019

505, Orchid Residence Science Park

Sold prices and rental history: sold once, by the developer in December 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 18 December 2023
Last soldAED 1.26M18 December 2023
Current rentAED 65K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Orchid Residence Science Park

What is 505 worth today?

Last sold for AED 1,259,259 in 2023

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18 Dec 2023Sold by developerReady
AED 1,259,259AED 862 per sqft
1 Aug 2023RentedRenewal
AED 65,000/yr10 months · AED 45 per sqft
1 Aug 2022RentedRenewal
AED 65,000/yr12 months · AED 45 per sqft
1 Jul 2021RentedNew contract
AED 65,000/yr13 months · AED 43 per sqft
4 Jan 2021RentedRenewal
AED 68,000/yr12 months · AED 45 per sqft
4 Dec 2019RentedNew contract
AED 68,000/yr13 months · AED 45 per sqft

Source: Dubai Land Department. Updated 18 December 2023.

Key facts

Type
2-bed apartment
Size
1,461 sqft
Floor
5th of 28
Parking
B1-40
Developer
Ahmed Alansari Real Estate Development
Completed
2019
Last sold
AED 1.26M · December 2023

About 505, Orchid Residence Science Park

505 is a two-bedroom apartment of 1,461 sqft on the 5th 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 18 December 2023 for AED 1,259,259, or AED 862 per sqft, in line with the AED 854 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 65,000 a year: a gross yield of 5.2% on the 2023 price.

Sales and rents for 505 over time

Sales
Unit 505, 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 1,259,259 (AED 862 per sqft)

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

Rents
Unit 505, 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, July 2021: AED 65,000 a yearRenewal, August 2022: AED 65,000 a yearRenewal, August 2023: AED 65,000 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 505 sits

All 100 2-beds →

505 last sold in December 2023 at AED 862 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. 505's AED 65,000 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
5012-bedAED 1.23M · May 2023
5021-bedAED 674K · May 2022
5031-bedAED 777K · Aug 2023
5041-bedAED 695K · Mar 2022
5062-bedAED 1.22M · Feb 2024
5071-bedAED 673K · Aug 2023
5081-bedAED 900K · Sep 2024
1–7 of 9

505, Orchid Residence Science Park in numbers

  • Sold once: by Ahmed Alansari Real Estate Development on 18 December 2023 for AED 1,259,259, or AED 862 per sqft.
  • Rented since December 2019 on 5 Ejari contracts, from AED 68,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2023 price is 5.2%.
  • 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 18 December 2023.

Questions about 505, Orchid Residence Science Park

What did unit 505 last sell for?

AED 1,259,259 on 18 December 2023, sold by the developer: AED 862 per sqft for 1,461 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 65,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 65,000; the unit has been rented since December 2019.

How big is unit 505?

1,461 sqft (135.7 sqm): a two-bedroom apartment on the 5th floor of a 28-storey tower completed in 2019.

What is unit 505 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 505, Orchid Residence Science Park

Starts from the last sale price (AED 1.26M, 18 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,259,259
Deposit, UAE resident (20%)
AED 251,852
Deposit, non-resident (40%)
AED 503,704
Monthly over 25 years at 3.7%
AED 5,152

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