2-bed · 1,313 sqftAltia Residence, Dubai Silicon Oasis · 7th floor · completed 2016

712, Altia Residence

Sold prices and rental history: sold once, by the developer in December 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 712 · DLD and Ejari recordsUpdated 5 December 2023
Last soldAED 1.08M5 December 2023
Current rentAED 60K /yr1 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 712, Altia Residence

What is 712 worth today?

Last sold for AED 1,075,000 in 2023

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5 Dec 2023Sold by developerReady
AED 1,075,000AED 818 per sqft
1 Apr 2021RentedNew contract
AED 60,000/yr12 months · AED 46 per sqft
10 Dec 2018RentedRenewal
AED 92,000/yr12 months · AED 70 per sqft
10 Dec 2017RentedRenewal
AED 95,000/yr12 months · AED 72 per sqft
10 Dec 2016RentedNew contract
AED 95,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 5 December 2023.

Key facts

Type
2-bed apartment
Size
1,313 sqft
Floor
7th of 8
Parking
B-29
Developer
YAS Developerse
Completed
2016
Service charge
AED 14,600 /yr
Last sold
AED 1.08M · December 2023

About 712, Altia Residence

712 is a two-bedroom apartment of 1,313 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 5 December 2023 for AED 1,075,000, or AED 818 per sqft, 11% above the AED 738 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 1 April 2021, is AED 60,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 14,600 a year.

Sales and rents for 712 over time

Sales
Unit 712, 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, December 2023: AED 1,075,000 (AED 818 per sqft)

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

Rents
Unit 712, 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, December 2016: AED 95,000 a yearRenewal, December 2017: AED 95,000 a yearRenewal, December 2018: AED 92,000 a yearNew contract, April 2021: AED 60,000 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 712 sits

All 18 2-beds →

712 last sold in December 2023 at AED 818 per sqft, 11% above what two-beds in Altia Residence were fetching at the time (AED 738). 712's AED 60,000 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

712, Altia Residence in numbers

  • Sold once: by YAS Developerse on 5 December 2023 for AED 1,075,000, or AED 818 per sqft.
  • Rented since December 2016 on 4 Ejari contracts, from AED 95,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 14,600 a year (AED 11.11 per sqft).

Source: Dubai Land Department. Updated 5 December 2023.

Questions about 712, Altia Residence

What did unit 712 last sell for?

AED 1,075,000 on 5 December 2023, sold by the developer: AED 818 per sqft for 1,313 sqft. It is the only registered sale of the unit.

What is the rent for unit 712?

AED 60,000 a year on the contract signed on 1 April 2021. The previous contract, from December 2018, was AED 92,000; the unit has been rented since December 2016.

How big is unit 712?

1,313 sqft (122.0 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2016.

What is unit 712 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 712, Altia Residence

Starts from the last sale price (AED 1.08M, 5 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,075,000
Deposit, UAE resident (20%)
AED 215,000
Deposit, non-resident (40%)
AED 430,000
Monthly over 25 years at 3.7%
AED 4,398

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