1-bed · 611 sqftAl Falak Residence, Dubai Silicon Oasis · 8th floor · completed 2015

804, Al Falak Residence

Sold prices and rental history: sold once, by the developer in October 2020, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 804 · DLD and Ejari recordsUpdated 15 June 2022
Last soldAED 400K6 October 2020
Current rentAED 50K /yr15 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 804, Al Falak Residence

What is 804 worth today?

Last sold for AED 400,000 in 2020

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15 Jun 2022RentedNew contract
AED 50,000/yr6 months · AED 82 per sqft
28 Apr 2022RentedNew contract
AED 42,000/yr6 months · AED 69 per sqft
6 Oct 2020Sold by developerReady
AED 400,000AED 654 per sqft
1 Jun 2019RentedNew contract
AED 40,000/yr12 months · AED 65 per sqft
1 Aug 2018RentedNew contract
AED 48,000/yr6 months · AED 79 per sqft

Source: Dubai Land Department. Updated 15 June 2022.

Key facts

Type
1-bed apartment
Size
611 sqft
Floor
8th of 8
Parking
G-95
Developer
Al Falak Residenceo
Completed
2015
Service charge
AED 7,200 /yr
Last sold
AED 400K · October 2020

About 804, Al Falak Residence

804 is a one-bedroom apartment of 611 sqft on the 8th 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 6 October 2020 for AED 400,000, or AED 654 per sqft.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 15 June 2022, is AED 50,000 a year: a gross yield of 12.5% on the 2020 price, before the service charge of about AED 7,200 a year.

Sales and rents for 804 over time

Sales
Unit 804, each saleTypical one-bed in Al Falak Residence
400K600K2018202120242027Typical sale price by year: 2018 AED 580,000; 2019 AED 500,000; 2021 AED 337,500; 2023 AED 400,000; 2025 AED 550,000; 2026 AED 570,000Sold by developer, October 2020: AED 400,000 (AED 654 per sqft)

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

Rents
Unit 804, each contractTypical one-bed in Al Falak Residence
30K40K50K2018202120242027Typical rent by year: 2018 AED 48,000; 2019 AED 41,502; 2020 AED 33,000; 2021 AED 28,000; 2022 AED 30,500; 2023 AED 34,800; 2024 AED 42,055; 2025 AED 44,400; 2026 AED 50,000New contract, August 2018: AED 48,000 a yearNew contract, June 2019: AED 40,000 a yearNew contract, April 2022: AED 42,000 a yearNew contract, June 2022: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Al Falak Residence, and where 804 sits

All 63 1-beds →

Over the last 12 months one-beds sold for AED 480,000 to 582,141, around AED 830 per sqft, and rent for AED 42,000 to 63,170 a year. 804's AED 50,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Jul 2026580,000
16 Mar 2026480,000
23 Jan 2026570,000
9 Dec 2025582,141
4 1-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 8th floor

All 95 units in Al Falak Residence
Value
8012-bedAED 785K · Aug 2024
8021-bedAED 525K · Mar 2018
8032-bedAED 550K · Apr 2022
8051-bedAED 515K · Mar 2018
8062-bedAED 610K · May 2023
8071-bedAED 520K · Jul 2018
8082-bedAED 501K · Mar 2022
1–7 of 9

804, Al Falak Residence in numbers

  • Sold once: by Al Falak Residenceo on 6 October 2020 for AED 400,000, or AED 654 per sqft.
  • Rented since August 2018 on 4 Ejari contracts. The rent fell from AED 48,000 to AED 40,000 in 2019 and recovered to AED 50,000 by June 2022.
  • At AED 50,000 a year the gross yield on the 2020 price is 12.5%, before a service charge of about AED 7,200 a year (AED 11.74 per sqft).
  • One-beds in Al Falak Residence sold for AED 480,000–582,141 in the 12 months to November 2026; the building's median across all types is AED 830 per sqft.

Source: Dubai Land Department. Updated 15 June 2022.

Questions about 804, Al Falak Residence

What did unit 804 last sell for?

AED 400,000 on 6 October 2020, sold by the developer: AED 654 per sqft for 611 sqft. It is the only registered sale of the unit.

What is the rent for unit 804?

AED 50,000 a year on the contract signed on 15 June 2022. The previous contract, from April 2022, was AED 42,000; the unit has been rented since August 2018.

How big is unit 804?

611 sqft (56.8 sqm): a one-bedroom apartment on the 8th floor of a 8-storey tower completed in 2015.

What is unit 804 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Falak Residence sold for AED 480,000 to 582,141 in the last 12 months, around AED 830 per sqft.

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Mortgage on 804, Al Falak Residence

Starts from the last sale price (AED 400K, 6 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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