501, Al Falak Residence
Sold prices and rental history: sold once, by the developer in March 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 501, Al Falak Residence
What is 501 worth today?
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Source: Dubai Land Department. Updated 20 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,229 sqft
- Floor
- 5th of 8
- Parking
- G-53
- Developer
- Al Falak Residenceo
- Completed
- 2015
- Service charge
- AED 14,400 /yr
- Last sold
- AED 745K · March 2024
- Building
- Al Falak Residence
About 501, Al Falak Residence
501 is a two-bedroom apartment of 1,229 sqft on the 5th 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 25 March 2024 for AED 745,000, or AED 606 per sqft, in line with the AED 596 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 20 September 2026, is AED 78,000 a year: a gross yield of 10.5% on the 2024 price, before the service charge of about AED 14,400 a year.
Sales and rents for 501 over time
501 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 501 sits
All 32 2-beds →501 last sold in March 2024 at AED 606 per sqft, in line with what two-beds in Al Falak Residence were fetching at the time (AED 596). 501's AED 78,000 is in the upper 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 5th floor
All 95 units in Al Falak Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 2-bed | 1,229 sqft | AED 730KAED 730,000 · Feb 2024February 2024 | 72,000 /yr | |
| 503 | 1-bed | 651 sqft | AED 550KAED 550,000 · Jun 2025June 2025 | 52,000 /yr | |
| 504 | 1-bed | 34 sqft | AED 599KAED 599,245 · Jan 2018January 2018 | 36,000 /yr | |
| 505 | 1-bed | 650 sqft | AED 525KAED 525,000 · May 2018May 2018 | 44,000 /yr | |
| 506 | 1-bed | 696 sqft | AED 500KAED 500,000 · Feb 2019February 2019 | 42,000 /yr | |
| 507 | 2-bed | 1,109 sqft | AED 985KAED 984,960 · Mar 2018March 2018 | ||
| 508 | 2-bed | 1,071 sqft | AED 790KAED 790,000 · May 2018May 2018 | ||
| 509 | 1-bed | 690 sqft | AED 603KAED 602,875 · Mar 2018March 2018 | 53,000 /yr | |
| 510 | 1-bed | 32 sqft | AED 637KAED 636,700 · Jan 2018January 2018 | 44,000 /yr | |
| 511 | 1-bed | 695 sqft | AED 609KAED 608,699 · Jan 2018January 2018 | 48,000 /yr | |
| 512 | 1-bed | 651 sqft | AED 586KAED 585,650 · Jan 2018January 2018 | 42,000 /yr |
501, Al Falak Residence in numbers
- Sold once: by Al Falak Residenceo on 25 March 2024 for AED 745,000, or AED 606 per sqft.
- Rented since January 2018 on 8 Ejari contracts. The rent fell from AED 71,000 to AED 43,000 in 2021 and recovered to AED 78,000 by September 2026.
- At AED 78,000 a year the gross yield on the 2024 price is 10.5%, before a service charge of about AED 14,400 a year (AED 11.74 per sqft).
Source: Dubai Land Department. Updated 20 September 2026.
Questions about 501, Al Falak Residence
What did unit 501 last sell for?
AED 745,000 on 25 March 2024, sold by the developer: AED 606 per sqft for 1,229 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 78,000 a year on the contract renewed on 20 September 2026. The previous contract, from September 2025, was AED 78,000; the unit has been rented since January 2018.
How big is unit 501?
1,229 sqft (114.2 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit 501 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 501, Al Falak Residence
Starts from the last sale price (AED 745K, 25 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 745,000
- Deposit, UAE resident (20%)
- AED 149,000
- Deposit, non-resident (40%)
- AED 298,000
- Monthly over 25 years at 3.7%
- AED 3,048
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →