602, Al Falak Residence
Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Al Falak Residence
What is 602 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 3 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,229 sqft
- Floor
- 6th of 8
- Parking
- G-66
- Developer
- Al Falak Residenceo
- Completed
- 2015
- Service charge
- AED 14,400 /yr
- Last sold
- AED 790K · April 2024
- Building
- Al Falak Residence
About 602, Al Falak Residence
602 is a two-bedroom apartment of 1,229 sqft on the 6th floor of Al Falak Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Al Falak Residenceo. It last sold on 3 April 2024 for AED 790,000, or AED 643 per sqft, 8% above the AED 598 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 1 March 2023, is AED 62,179 a year: a gross yield of 7.9% on the 2024 price, before the service charge of about AED 14,400 a year.
Sales and rents for 602 over time
602 has sold twice; 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 602 sits
All 32 2-beds →602 last sold in April 2024 at AED 643 per sqft, 8% above what two-beds in Al Falak Residence were fetching at the time (AED 598). 602's AED 62,179 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 6th floor
All 95 units in Al Falak Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,229 sqft | AED 1MAED 1,000,000 · Jun 2023June 2023 | 39,000 /yr | |
| 603 | 1-bed | 690 sqft | AED 603KAED 602,875 · Mar 2018March 2018 | 36,000 /yr | |
| 604 | 1-bed | 652 sqft | AED 585KAED 585,000 · Jan 2018January 2018 | 50,000 /yr | |
| 605 | 1-bed | 695 sqft | AED 510KAED 510,000 · Jun 2018June 2018 | 53,000 /yr | |
| 606 | 1-bed | 650 sqft | AED 649KAED 648,850 · Jan 2018January 2018 | 27,000 /yr | |
| 607 | 2-bed | 1,109 sqft | AED 985KAED 984,960 · Mar 2018March 2018 | ||
| 608 | 2-bed | 1,071 sqft | AED 650KAED 650,000 · Oct 2023October 2023 | 70,000 /yr | |
| 609 | 1-bed | 696 sqft | AED 460KAED 460,000 · May 2019May 2019 | 47,250 /yr | |
| 610 | 1-bed | 650 sqft | AED 430KAED 430,000 · Feb 2024February 2024 | 40,000 /yr | |
| 611 | 1-bed | 695 sqft | AED 580KAED 580,000 · Jul 2026July 2026 | 42,000 /yr | |
| 612 | 1-bed | 32 sqft | AED 593KAED 593,320 · Jan 2018January 2018 | 48,000 /yr |
602, Al Falak Residence in numbers
- Sold twice: first on 13 February 2023 for AED 755,000, last on 3 April 2024 for AED 790,000 (AED 643 per sqft).
- Rented since December 2017 on 5 Ejari contracts, from AED 70,000 to AED 62,179 a year.
- At AED 62,179 a year the gross yield on the 2024 price is 7.9%, before a service charge of about AED 14,400 a year (AED 11.74 per sqft).
Source: Dubai Land Department. Updated 3 April 2024.
Questions about 602, Al Falak Residence
What did unit 602 last sell for?
AED 790,000 on 3 April 2024: AED 643 per sqft for 1,229 sqft. The unit has 2 registered sales; the first was AED 755,000 in February 2023.
What is the rent for unit 602?
AED 62,179 a year on the contract signed on 1 March 2023. The previous contract, from January 2022, was AED 57,000; the unit has been rented since December 2017.
How big is unit 602?
1,229 sqft (114.2 sqm): a two-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.
What is unit 602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 602? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 602, Al Falak Residence
Starts from the last sale price (AED 790K, 3 April 2024). 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 →