706, Al Falak Residence
Sold prices and rental history: sold once, by the developer in September 2023, 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 706, Al Falak Residence
What is 706 worth today?
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Source: Dubai Land Department. Updated 14 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,110 sqft
- Floor
- 7th of 8
- Parking
- G-82 & G-83
- Developer
- Al Falak Residenceo
- Completed
- 2015
- Service charge
- AED 13,000 /yr
- Last sold
- AED 660K · September 2023
- Building
- Al Falak Residence
About 706, Al Falak Residence
706 is a two-bedroom apartment of 1,110 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 14 September 2023 for AED 660,000, or AED 594 per sqft, in line with the AED 604 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 5 May 2022, is AED 46,154 a year: a gross yield of 7.0% on the 2023 price, before the service charge of about AED 13,000 a year.
Sales and rents for 706 over time
706 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 706 sits
All 32 2-beds →706 last sold in September 2023 at AED 594 per sqft, in line with what two-beds in Al Falak Residence were fetching at the time (AED 604). 706's AED 46,154 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 | ||
| 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 | |||||
|---|---|---|---|---|---|
| 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 | ||
| 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 | |
| 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 |
706, Al Falak Residence in numbers
- Sold once: by Al Falak Residenceo on 14 September 2023 for AED 660,000, or AED 594 per sqft.
- Rented since January 2018 on 4 Ejari contracts, from AED 71,000 to AED 46,154 a year.
- At AED 46,154 a year the gross yield on the 2023 price is 7.0%, before a service charge of about AED 13,000 a year (AED 11.74 per sqft).
Source: Dubai Land Department. Updated 14 September 2023.
Questions about 706, Al Falak Residence
What did unit 706 last sell for?
AED 660,000 on 14 September 2023, sold by the developer: AED 594 per sqft for 1,110 sqft. It is the only registered sale of the unit.
What is the rent for unit 706?
AED 46,154 a year on the contract signed on 5 May 2022. The previous contract, from March 2020, was AED 53,000; the unit has been rented since January 2018.
How big is unit 706?
1,110 sqft (103.1 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.
What is unit 706 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 706, Al Falak Residence
Starts from the last sale price (AED 660K, 14 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 660,000
- Deposit, UAE resident (20%)
- AED 132,000
- Deposit, non-resident (40%)
- AED 264,000
- Monthly over 25 years at 3.7%
- AED 2,700
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →