1-bed · 651 sqftAl Falak Residence, Dubai Silicon Oasis · 4th floor · completed 2015

412, Al Falak Residence

Sold prices and rental history: sold once, by the developer in January 2018, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 412 · DLD and Ejari recordsUpdated 5 April 2023
Last soldAED 599K24 January 2018
Current rentAED 48K /yr5 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 412, Al Falak Residence

What is 412 worth today?

Last sold for AED 599,334 in 2018

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5 Apr 2023RentedNew contract
AED 48,000/yr12 months · AED 73 per sqft
20 Jan 2021RentedRenewal
AED 30,000/yr12 months · AED 46 per sqft
20 Jan 2020RentedNew contract
AED 36,000/yr12 months · AED 55 per sqft
20 Jul 2019RentedNew contract
AED 37,000/yr12 months · AED 56 per sqft
18 Apr 2018RentedNew contract
AED 46,000/yr12 months · AED 70 per sqft
24 Jan 2018Sold by developerReady
AED 599,334AED 920 per sqft

Source: Dubai Land Department. Updated 5 April 2023.

Key facts

Type
1-bed apartment
Size
651 sqft
Floor
4th of 8
Parking
G-52
Developer
Al Falak Residenceo
Completed
2015
Service charge
AED 7,600 /yr
Last sold
AED 599K · January 2018

About 412, Al Falak Residence

412 is a one-bedroom apartment of 651 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 24 January 2018 for AED 599,334, or AED 920 per sqft, in line with the AED 921 one-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 5 April 2023, is AED 48,000 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 7,600 a year.

Sales and rents for 412 over time

Sales
Unit 412, each saleTypical one-bed in Al Falak Residence
400K600K2018202120242027Typical sale price by year: 2018 AED 580,000; 2019 AED 500,000; 2021 AED 337,500; 2023 AED 400,000; 2025 AED 550,000; 2026 AED 570,000Sold by developer, January 2018: AED 599,334 (AED 920 per sqft)

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

Rents
Unit 412, each contractTypical one-bed in Al Falak Residence
30K40K50K2018202120242027Typical rent by year: 2018 AED 48,000; 2019 AED 41,502; 2020 AED 33,000; 2021 AED 28,000; 2022 AED 30,500; 2023 AED 34,800; 2024 AED 42,055; 2025 AED 44,400; 2026 AED 50,000New contract, April 2018: AED 46,000 a yearNew contract, July 2019: AED 37,000 a yearNew contract, January 2020: AED 36,000 a yearRenewal, January 2021: AED 30,000 a yearNew contract, April 2023: AED 48,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Al Falak Residence, and where 412 sits

All 63 1-beds →

412 last sold in January 2018 at AED 920 per sqft, in line with what one-beds in Al Falak Residence were fetching at the time (AED 921). Over the last 12 months one-beds sold for AED 480,000 to 582,141, around AED 830 per sqft, and rent for AED 42,000 to 63,170 a year. 412's AED 48,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Jul 2026580,000
16 Mar 2026480,000
23 Jan 2026570,000
9 Dec 2025582,141
4 1-bed sales in the last 12 months

Al Falak Residence

Building

95 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
8.2%
Al Falak Residence, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 4th floor

All 95 units in Al Falak Residence
Value
4012-bedAED 845K · Aug 2024
4022-bedAED 730K · Jan 2024
4031-bedAED 335K · Mar 2021
4041-bedAED 596K · Jan 2018
4051-bedAED 510K · Jun 2018
4061-bedAED 525K · Jan 2019
4072-bedAED 825K · Jun 2024
1–7 of 11

412, Al Falak Residence in numbers

  • Sold once: by Al Falak Residenceo on 24 January 2018 for AED 599,334, or AED 920 per sqft.
  • Rented since April 2018 on 5 Ejari contracts. The rent fell from AED 46,000 to AED 30,000 in 2021 and recovered to AED 48,000 by April 2023.
  • At AED 48,000 a year the gross yield on the 2018 price is 8.0%, before a service charge of about AED 7,600 a year (AED 11.74 per sqft).
  • One-beds in Al Falak Residence sold for AED 480,000–582,141 in the 12 months to November 2026; the building's median across all types is AED 830 per sqft.

Source: Dubai Land Department. Updated 5 April 2023.

Questions about 412, Al Falak Residence

What did unit 412 last sell for?

AED 599,334 on 24 January 2018, sold by the developer: AED 920 per sqft for 651 sqft. It is the only registered sale of the unit.

What is the rent for unit 412?

AED 48,000 a year on the contract signed on 5 April 2023. The previous contract, from January 2021, was AED 30,000; the unit has been rented since April 2018.

How big is unit 412?

651 sqft (60.5 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.

What is unit 412 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Falak Residence sold for AED 480,000 to 582,141 in the last 12 months, around AED 830 per sqft.

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Mortgage on 412, Al Falak Residence

Starts from the last sale price (AED 599K, 24 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 599,334
Deposit, UAE resident (20%)
AED 119,867
Deposit, non-resident (40%)
AED 239,734
Monthly over 25 years at 3.7%
AED 2,452

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