703, Al Falak Residence
Sold prices and rental history: sold once, by the developer in October 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Al Falak Residence
What is 703 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 9 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,768 sqft
- Floor
- 7th of 8
- Parking
- G-80 & G-81
- Developer
- Al Falak Residenceo
- Completed
- 2015
- Service charge
- AED 20,800 /yr
- Last sold
- AED 830K · October 2024
- Building
- Al Falak Residence
About 703, Al Falak Residence
703 is a two-bedroom apartment of 1,768 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 9 October 2024 for AED 830,000, or AED 469 per sqft, 22% below the AED 598 two-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 25 July 2020, is AED 50,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 20,800 a year.
Sales and rents for 703 over time
703 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 703 sits
All 32 2-beds →703 last sold in October 2024 at AED 469 per sqft, 22% below what two-beds in Al Falak Residence were fetching at the time (AED 598). 703's AED 50,000 is in the lower 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 | ||
| 13 Sep 202413 September 2024 | 1,931 sqft | 825,000 | 427 | ||
| 16 Aug 202416 August 2024 | 1,220 sqft | 845,000 | 692 |
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 | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,809 sqft | AED 1.3MAED 1,300,000 · Mar 2018March 2018 | 83,000 /yr | |
| 702 | 1-bed | 691 sqft | AED 555KAED 555,000 · Apr 2018April 2018 | ||
| 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 |
703, Al Falak Residence in numbers
- Sold once: by Al Falak Residenceo on 9 October 2024 for AED 830,000, or AED 469 per sqft.
- Rented since June 2018 on 3 Ejari contracts, from AED 65,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 20,800 a year (AED 11.74 per sqft).
Source: Dubai Land Department. Updated 9 October 2024.
Questions about 703, Al Falak Residence
What did unit 703 last sell for?
AED 830,000 on 9 October 2024, sold by the developer: AED 469 per sqft for 1,768 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 50,000 a year on the contract signed on 25 July 2020. The previous contract, from July 2019, was AED 57,000; the unit has been rented since June 2018.
How big is unit 703?
1,768 sqft (164.3 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.
What is unit 703 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 703? 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 703, Al Falak Residence
Starts from the last sale price (AED 830K, 9 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 830,000
- Deposit, UAE resident (20%)
- AED 166,000
- Deposit, non-resident (40%)
- AED 332,000
- Monthly over 25 years at 3.7%
- AED 3,396
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →