2-bed · 1,071 sqftAl Falak Residence, Dubai Silicon Oasis · 5th floor · completed 2015

508, Al Falak Residence

Sold prices and rental history: sold once, by the developer in May 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 508 · DLD and Ejari recordsUpdated 29 May 2018

Last soldAED 790K29 May 2018

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Today's valuefree after one verification

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Property timeline for 508, Al Falak Residence

Today

What is 508 worth today?

Last sold for AED 790,000 in 2018

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29 May 2018

29 May 2018Sold by developerReady

AED 790,000AED 737 per sqft

Source: Dubai Land Department. Updated 29 May 2018.

Key facts

Type: 2-bed apartment
Size: 1,071 sqft
Floor: 5th of 8
Parking: G-60
Developer: Al Falak Residenceo
Completed: 2015
Service charge: AED 12,600 /yr
Last sold: AED 790K · May 2018
Building: Al Falak Residence

About 508, Al Falak Residence

508 is a two-bedroom apartment of 1,071 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 29 May 2018 for AED 790,000, or AED 737 per sqft, 8% below the AED 797 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 508 over time

Sales

Unit 508, each saleTypical two-bed in Al Falak Residence

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

Rents

Unit 508, each contractTypical two-bed in Al Falak Residence

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 508 sits

All 32 2-beds →

Al Falak Residence · all types830 /sqft

508 last sold in May 2018 at AED 737 per sqft, 8% below what two-beds in Al Falak Residence were fetching at the time (AED 797).

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

0 2-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: 8.3%

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

Other units on the 5th floor

All 95 units in Al Falak Residence


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
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
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

1–7 of 11

508, Al Falak Residence in numbers

Sold once: by Al Falak Residenceo on 29 May 2018 for AED 790,000, or AED 737 per sqft.

Source: Dubai Land Department. Updated 29 May 2018.

Questions about 508, Al Falak Residence

What did unit 508 last sell for?

AED 790,000 on 29 May 2018, sold by the developer: AED 737 per sqft for 1,071 sqft. It is the only registered sale of the unit.

How big is unit 508?

1,071 sqft (99.5 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.

What is unit 508 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 508, Al Falak Residence

Starts from the last sale price (AED 790K, 29 May 2018). Switch to today's estimate once you have unlocked it.

Price: AED 790,000
Deposit, UAE resident (20%): AED 158,000
Deposit, non-resident (40%): AED 316,000
Monthly over 25 years at 3.7%: AED 3,232

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