2-bed · 1,394 sqftAltia Residence, Dubai Silicon Oasis · 7th floor · completed 2016

709, Altia Residence

Sold prices and rental history: sold once, by the developer in May 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 7 May 2024
Last soldAED 1.1M7 May 2024
Current rentAED 66K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709, Altia Residence

What is 709 worth today?

Last sold for AED 1,100,000 in 2024

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7 May 2024Sold by developerReady
AED 1,100,000AED 788 per sqft
1 Mar 2023RentedRenewal
AED 66,150/yr12 months · AED 47 per sqft
1 Mar 2022RentedNew contract
AED 63,000/yr12 months · AED 45 per sqft
1 Mar 2021RentedNew contract
AED 60,000/yr12 months · AED 43 per sqft
1 Jan 2019RentedNew contract
AED 88,000/yr12 months · AED 63 per sqft
18 Nov 2017RentedNew contract
AED 90,000/yr12 months · AED 64 per sqft
15 Nov 2016RentedNew contract
AED 95,000/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 7 May 2024.

Key facts

Type
2-bed apartment
Size
1,394 sqft
Floor
7th of 8
Parking
B-16
Developer
YAS Developerse
Completed
2016
Service charge
AED 15,500 /yr
Last sold
AED 1.1M · May 2024

About 709, Altia Residence

709 is a two-bedroom apartment of 1,394 sqft on the 7th floor of Altia Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2016 by YAS Developerse. The developer sold it on 7 May 2024 for AED 1,100,000, or AED 788 per sqft, in line with the AED 788 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 1 March 2023, is AED 66,150 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 15,500 a year.

Sales and rents for 709 over time

Sales
Unit 709, each saleTypical two-bed in Altia Residence
1M1.2M1.4M2017202020232026Typical sale price by year: 2017 AED 1,207,000; 2023 AED 1,030,000; 2024 AED 1,125,000; 2025 AED 1,450,000Sold by developer, May 2024: AED 1,100,000 (AED 788 per sqft)

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

Rents
Unit 709, each contractTypical two-bed in Altia Residence
60K80K100K2016201920222025Typical rent by year: 2016 AED 95,000; 2017 AED 94,000; 2018 AED 88,000; 2019 AED 82,000; 2020 AED 64,500; 2021 AED 62,000; 2022 AED 65,000; 2023 AED 69,000; 2024 AED 73,250; 2025 AED 93,500; 2026 AED 93,240New contract, November 2016: AED 95,000 a yearNew contract, November 2017: AED 90,000 a yearNew contract, January 2019: AED 88,000 a yearNew contract, March 2021: AED 60,000 a yearNew contract, March 2022: AED 63,000 a yearRenewal, March 2023: AED 66,150 a year

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

2-beds in Altia Residence, and where 709 sits

All 18 2-beds →

709 last sold in May 2024 at AED 788 per sqft, in line with what two-beds in Altia Residence were fetching at the time (AED 788). 709's AED 66,150 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Sep 20251,050,000
22 Aug 20251,450,000
29 May 20251,500,000
18 Oct 20241,285,000
0 2-bed sales in the last 12 months

Altia Residence

Building

101 apartments, 1-bed to 3-bed over 8 floors in Dubai Silicon Oasis, completed in 2016 by YAS Developerse. 5 sold in the last 12 months.

Typical price per sqft
AED 1,011
Typical sale
AED 965K
Typical rent
AED 70K /yr
Typical yield
7.2%
Altia Residence, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 101 units in Altia Residence
Value
7011-bedAED 965K · Jul 2026
7021-bedAED 720K · Jul 2023
7033-bedAED 1.4M · Sep 2023
7041-bedAED 800K · May 2025
7053-bedAED 1.08M · Dec 2021
7061-bedAED 600K · Jun 2021
7071-bedAED 750K · Apr 2024
1–7 of 12

709, Altia Residence in numbers

  • Sold once: by YAS Developerse on 7 May 2024 for AED 1,100,000, or AED 788 per sqft.
  • Rented since November 2016 on 6 Ejari contracts. The rent fell from AED 95,000 to AED 60,000 in 2021 and recovered to AED 66,150 by March 2023.
  • At AED 66,150 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 15,500 a year (AED 11.11 per sqft).

Source: Dubai Land Department. Updated 7 May 2024.

Questions about 709, Altia Residence

What did unit 709 last sell for?

AED 1,100,000 on 7 May 2024, sold by the developer: AED 788 per sqft for 1,394 sqft. It is the only registered sale of the unit.

What is the rent for unit 709?

AED 66,150 a year on the contract renewed on 1 March 2023. The previous contract, from March 2022, was AED 63,000; the unit has been rented since November 2016.

How big is unit 709?

1,394 sqft (129.5 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2016.

What is unit 709 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 709, Altia Residence

Starts from the last sale price (AED 1.1M, 7 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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