506, Al Falak Residence
Sold prices and rental history: sold once, by the developer in February 2019, 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 506, Al Falak Residence
What is 506 worth today?
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Source: Dubai Land Department. Updated 5 April 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 696 sqft
- Floor
- 5th of 8
- Parking
- G-102
- Developer
- Al Falak Residenceo
- Completed
- 2015
- Service charge
- AED 8,200 /yr
- Last sold
- AED 500K · February 2019
- Building
- Al Falak Residence
About 506, Al Falak Residence
506 is a one-bedroom apartment of 696 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 7 February 2019 for AED 500,000, or AED 718 per sqft, 12% below the AED 818 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 5 April 2026, is AED 42,000 a year: a gross yield of 8.4% on the 2019 price, before the service charge of about AED 8,200 a year.
Sales and rents for 506 over time
506 has sold once; the dashed line is the one-bed median of each year in the building.
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 506 sits
All 63 1-beds →506 last sold in February 2019 at AED 718 per sqft, 12% below what one-beds in Al Falak Residence were fetching at the time (AED 818). 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. 506's AED 42,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jul 202613 July 2026 | 695 sqft | 580,000 | 834 | ||
| 16 Mar 202616 March 2026 | 651 sqft | 480,000 | 736 | ||
| 23 Jan 202623 January 2026 | 690 sqft | 570,000 | 825 | ||
| 9 Dec 20259 December 2025 | 690 sqft | 582,141 | 844 |
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 | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,229 sqft | AED 745KAED 745,000 · Mar 2024March 2024 | 78,000 /yr | |
| 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 | |
| 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 |
506, Al Falak Residence in numbers
- Sold once: by Al Falak Residenceo on 7 February 2019 for AED 500,000, or AED 718 per sqft.
- Rented since April 2018 on 7 Ejari contracts. The rent fell from AED 45,000 to AED 26,000 in 2021 and recovered to AED 42,000 by April 2026.
- At AED 42,000 a year the gross yield on the 2019 price is 8.4%, before a service charge of about AED 8,200 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 2026.
Questions about 506, Al Falak Residence
What did unit 506 last sell for?
AED 500,000 on 7 February 2019, sold by the developer: AED 718 per sqft for 696 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 42,000 a year on the contract renewed on 5 April 2026. The previous contract, from April 2025, was AED 39,456; the unit has been rented since April 2018.
How big is unit 506?
696 sqft (64.7 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit 506 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 506, Al Falak Residence
Starts from the last sale price (AED 500K, 7 February 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →