407, Al Falak Residence
Sold prices and rental history: sold once, by the developer in June 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 407, Al Falak Residence
What is 407 worth today?
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Source: Dubai Land Department. Updated 21 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,970 sqft
- Floor
- 4th of 8
- Parking
- G-47
- Developer
- Al Falak Residenceo
- Completed
- 2015
- Service charge
- AED 23,100 /yr
- Last sold
- AED 825K · June 2024
- Building
- Al Falak Residence
About 407, Al Falak Residence
407 is a two-bedroom apartment of 1,970 sqft on the 4th floor of Al Falak Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Al Falak Residenceo. The developer sold it on 21 June 2024 for AED 825,000, or AED 418 per sqft, 30% below the AED 594 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 5 January 2023, is AED 58,000 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 23,100 a year.
Sales and rents for 407 over time
407 has sold once; 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 407 sits
All 32 2-beds →407 last sold in June 2024 at AED 418 per sqft, 30% below what two-beds in Al Falak Residence were fetching at the time (AED 594). 407's AED 58,000 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 | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,220 sqft | AED 845KAED 845,000 · Aug 2024August 2024 | 50,000 /yr | |
| 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 | |
| 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 |
407, Al Falak Residence in numbers
- Sold once: by Al Falak Residenceo on 21 June 2024 for AED 825,000, or AED 418 per sqft.
- Rented since April 2018 on 7 Ejari contracts, from AED 105,000 to AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2024 price is 7.0%, before a service charge of about AED 23,100 a year (AED 11.74 per sqft).
Source: Dubai Land Department. Updated 21 June 2024.
Questions about 407, Al Falak Residence
What did unit 407 last sell for?
AED 825,000 on 21 June 2024, sold by the developer: AED 418 per sqft for 1,970 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 58,000 a year on the contract signed on 5 January 2023. The previous contract, from June 2022, was AED 55,000; the unit has been rented since April 2018.
How big is unit 407?
1,970 sqft (183.0 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.
What is unit 407 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 407, Al Falak Residence
Starts from the last sale price (AED 825K, 21 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 825,000
- Deposit, UAE resident (20%)
- AED 165,000
- Deposit, non-resident (40%)
- AED 330,000
- Monthly over 25 years at 3.7%
- AED 3,375
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →