2-bed · 1,429 sqftAltia Residence, Dubai Silicon Oasis · 8th floor · completed 2016

801, Altia Residence

Sold prices and rental history: sold once, by the developer in August 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 801 · DLD and Ejari recordsUpdated 8 August 2024
Last soldAED 1.15M8 August 2024
Current rentAED 66K /yr10 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 801, Altia Residence

What is 801 worth today?

Last sold for AED 1,150,000 in 2024

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8 Aug 2024Sold by developerReady
AED 1,150,000AED 804 per sqft
10 Dec 2022RentedRenewal
AED 66,150/yr12 months · AED 46 per sqft
10 Dec 2021RentedNew contract
AED 63,000/yr12 months · AED 44 per sqft
10 Nov 2020RentedNew contract
AED 62,000/yr12 months · AED 43 per sqft
11 Sep 2019RentedRenewal
AED 82,000/yr12 months · AED 57 per sqft
11 Sep 2018RentedRenewal
AED 90,000/yr12 months · AED 63 per sqft
11 Sep 2017RentedNew contract
AED 93,000/yr12 months · AED 65 per sqft
5 Jan 2017RentedNew contract
AED 98,000/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 8 August 2024.

Key facts

Type
2-bed apartment
Size
1,429 sqft
Floor
8th of 8
Parking
B-40
Developer
YAS Developerse
Completed
2016
Service charge
AED 15,900 /yr
Last sold
AED 1.15M · August 2024

About 801, Altia Residence

801 is a two-bedroom apartment of 1,429 sqft on the 8th floor of Altia Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2016 by YAS Developerse. The developer sold it on 8 August 2024 for AED 1,150,000, or AED 804 per sqft, in line with the AED 799 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 10 December 2022, is AED 66,150 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 15,900 a year.

Sales and rents for 801 over time

Sales
Unit 801, 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, August 2024: AED 1,150,000 (AED 804 per sqft)

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

Rents
Unit 801, 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, January 2017: AED 98,000 a yearNew contract, September 2017: AED 93,000 a yearRenewal, September 2018: AED 90,000 a yearRenewal, September 2019: AED 82,000 a yearNew contract, November 2020: AED 62,000 a yearNew contract, December 2021: AED 63,000 a yearRenewal, December 2022: 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 801 sits

All 18 2-beds →

801 last sold in August 2024 at AED 804 per sqft, in line with what two-beds in Altia Residence were fetching at the time (AED 799). 801'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 8th floor

All 101 units in Altia Residence
Value
8023-bedAED 1.4M · Jan 2017
8031-bedAED 225K · Aug 2023
8043-bedAED 1.5M · Feb 2023
8052-bedAED 800K · Dec 2018
8062-bedAED 350K · Aug 2023
8073-bedAED 1.45M · Oct 2023
8081-bedAED 790K · Oct 2024
1–7 of 9

801, Altia Residence in numbers

  • Sold once: by YAS Developerse on 8 August 2024 for AED 1,150,000, or AED 804 per sqft.
  • Rented since January 2017 on 7 Ejari contracts, from AED 98,000 to AED 66,150 a year.
  • At AED 66,150 a year the gross yield on the 2024 price is 5.8%, before a service charge of about AED 15,900 a year (AED 11.11 per sqft).

Source: Dubai Land Department. Updated 8 August 2024.

Questions about 801, Altia Residence

What did unit 801 last sell for?

AED 1,150,000 on 8 August 2024, sold by the developer: AED 804 per sqft for 1,429 sqft. It is the only registered sale of the unit.

What is the rent for unit 801?

AED 66,150 a year on the contract renewed on 10 December 2022. The previous contract, from December 2021, was AED 63,000; the unit has been rented since January 2017.

How big is unit 801?

1,429 sqft (132.8 sqm): a two-bedroom apartment on the 8th floor of a 8-storey tower completed in 2016.

What is unit 801 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 801, Altia Residence

Starts from the last sale price (AED 1.15M, 8 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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