701, Al Falak Residence
Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Al Falak Residence
What is 701 worth today?
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Source: Dubai Land Department. Updated 10 June 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,809 sqft
- Floor
- 7th of 8
- Parking
- G-78 & G-79
- Developer
- Al Falak Residenceo
- Completed
- 2015
- Service charge
- AED 21,200 /yr
- Last sold
- AED 1.3M · March 2018
- Building
- Al Falak Residence
About 701, Al Falak Residence
701 is a two-bedroom apartment of 1,809 sqft on the 7th 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 8 March 2018 for AED 1,300,000, or AED 718 per sqft.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 10 June 2025, is AED 83,000 a year: a gross yield of 6.4% on the 2018 price, before the service charge of about AED 21,200 a year.
Sales and rents for 701 over time
701 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 701 sits
All 32 2-beds →701's AED 83,000 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 7th floor
All 95 units in Al Falak Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 691 sqft | AED 555KAED 555,000 · Apr 2018April 2018 | ||
| 703 | 2-bed | 1,768 sqft | AED 830KAED 830,000 · Oct 2024October 2024 | 50,000 /yr | |
| 704 | 1-bed | 611 sqft | AED 515KAED 515,000 · Jun 2025June 2025 | 50,000 /yr | |
| 705 | 1-bed | 650 sqft | AED 540KAED 540,000 · Feb 2018February 2018 | 50,000 /yr | |
| 706 | 2-bed | 1,110 sqft | AED 660KAED 660,000 · Sep 2023September 2023 | 46,154 /yr | |
| 707 | 1-bed | 695 sqft | AED 545KAED 545,000 · May 2018May 2018 | 46,620 /yr | |
| 708 | 2-bed | 1,075 sqft | AED 750KAED 750,000 · Dec 2019December 2019 | 76,406 /yr | |
| 709 | 1-bed | 650 sqft | AED 530KAED 530,000 · Jan 2018January 2018 | 34,000 /yr | |
| 710 | 1-bed | 611 sqft | AED 523KAED 523,000 · Apr 2018April 2018 | 40,000 /yr |
701, Al Falak Residence in numbers
- Sold once: by Al Falak Residenceo on 8 March 2018 for AED 1,300,000, or AED 718 per sqft.
- Rented since June 2023 on 4 Ejari contracts, at AED 83,000 a year.
- At AED 83,000 a year the gross yield on the 2018 price is 6.4%, before a service charge of about AED 21,200 a year (AED 11.74 per sqft).
Source: Dubai Land Department. Updated 10 June 2025.
Questions about 701, Al Falak Residence
What did unit 701 last sell for?
AED 1,300,000 on 8 March 2018, sold by the developer: AED 718 per sqft for 1,809 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 83,000 a year on the contract renewed on 10 June 2025. The previous contract, from June 2025, was AED 83,000; the unit has been rented since June 2023.
How big is unit 701?
1,809 sqft (168.1 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.
What is unit 701 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 701, Al Falak Residence
Starts from the last sale price (AED 1.3M, 8 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,300,000
- Deposit, UAE resident (20%)
- AED 260,000
- Deposit, non-resident (40%)
- AED 520,000
- Monthly over 25 years at 3.7%
- AED 5,319
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →