401, Al Falak Residence
Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, Al Falak Residence
What is 401 worth today?
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Source: Dubai Land Department. Updated 16 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,220 sqft
- Floor
- 4th of 8
- Parking
- G-41
- Developer
- Al Falak Residenceo
- Completed
- 2015
- Service charge
- AED 14,300 /yr
- Last sold
- AED 845K · August 2024
- Building
- Al Falak Residence
About 401, Al Falak Residence
401 is a two-bedroom apartment of 1,220 sqft on the 4th floor of Al Falak Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Al Falak Residenceo. It last sold on 16 August 2024 for AED 845,000, or AED 692 per sqft, 16% above the AED 598 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 February 2022, is AED 50,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 14,300 a year.
Sales and rents for 401 over time
401 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Al Falak Residence, and where 401 sits
All 32 2-beds →401 last sold in August 2024 at AED 692 per sqft, 16% above what two-beds in Al Falak Residence were fetching at the time (AED 598). 401's AED 50,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jan 20253 January 2025 | 1,220 sqft | 820,000 | 672 | ||
| 19 Dec 202419 December 2024 | 1,220 sqft | 823,000 | 674 | ||
| 9 Oct 20249 October 2024 | 1,768 sqft | 830,000 | 469 | ||
| 13 Sep 202413 September 2024 | 1,931 sqft | 825,000 | 427 |
Al Falak Residence
Building95 apartments, 1-bed to 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2015 by Al Falak Residenceo. 4 sold in the last 12 months.
- Typical price per sqft
- AED 830
- Typical sale
- AED 575K
- Typical rent
- AED 50K /yr
- Typical yield
- 8.3%
Other units on the 4th floor
All 95 units in Al Falak Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | 2-bed | 1,220 sqft | AED 730KAED 730,000 · Jan 2024January 2024 | 75,000 /yr | |
| 403 | 1-bed | 651 sqft | AED 335KAED 335,000 · Mar 2021March 2021 | 52,000 /yr | |
| 404 | 1-bed | 34 sqft | AED 596KAED 595,745 · Jan 2018January 2018 | 28,000 /yr | |
| 405 | 1-bed | 650 sqft | AED 510KAED 510,000 · Jun 2018June 2018 | 50,000 /yr | |
| 406 | 1-bed | 696 sqft | AED 525KAED 525,000 · Jan 2019January 2019 | 36,750 /yr | |
| 407 | 2-bed | 1,970 sqft | AED 825KAED 825,000 · Jun 2024June 2024 | 58,000 /yr | |
| 408 | 2-bed | 1,931 sqft | AED 825KAED 825,000 · Sep 2024September 2024 | 50,000 /yr | |
| 409 | 1-bed | 690 sqft | AED 582KAED 582,141 · Dec 2025December 2025 | 60,000 /yr | |
| 410 | 1-bed | 31 sqft | AED 633KAED 632,985 · Jan 2018January 2018 | 43,000 /yr | |
| 411 | 1-bed | 696 sqft | AED 605KAED 605,200 · Jun 2018June 2018 | 25,000 /yr | |
| 412 | 1-bed | 651 sqft | AED 599KAED 599,334 · Jan 2018January 2018 | 48,000 /yr |
401, Al Falak Residence in numbers
- Sold twice: first on 28 November 2022 for AED 630,000, last on 16 August 2024 for AED 845,000 (AED 692 per sqft).
- Rented since January 2018 on 5 Ejari contracts, from AED 71,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2024 price is 5.9%, before a service charge of about AED 14,300 a year (AED 11.74 per sqft).
Source: Dubai Land Department. Updated 16 August 2024.
Questions about 401, Al Falak Residence
What did unit 401 last sell for?
AED 845,000 on 16 August 2024: AED 692 per sqft for 1,220 sqft. The unit has 2 registered sales; the first was AED 630,000 in November 2022.
What is the rent for unit 401?
AED 50,000 a year on the contract signed on 1 February 2022. The previous contract, from December 2020, was AED 65,000; the unit has been rented since January 2018.
How big is unit 401?
1,220 sqft (113.3 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.
What is unit 401 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 401, Al Falak Residence
Starts from the last sale price (AED 845K, 16 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 845,000
- Deposit, UAE resident (20%)
- AED 169,000
- Deposit, non-resident (40%)
- AED 338,000
- Monthly over 25 years at 3.7%
- AED 3,457
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →