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2-bed · 1,243 sqftBinghati Apartments, Dubai Silicon Oasis · 6th floor · completed 2015

616, Binghati Apartments

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

Unit 616 · DLD and Ejari recordsUpdated 15 September 2022
Last soldAED 964K16 March 2016
Current rentAED 40K /yr15 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 616, Binghati Apartments

What is 616 worth today?

Last sold for AED 964,227 in 2016

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15 Sep 2022RentedNew contract
AED 40,000/yr36 months · AED 32 per sqft
15 Sep 2019RentedNew contract
AED 40,000/yr24 months · AED 32 per sqft
1 Oct 2016RentedNew contract
AED 45,000/yr12 months · AED 36 per sqft
16 Mar 2016Sold by developerOff-plan
AED 964,227AED 775 per sqft

Source: Dubai Land Department. Updated 15 September 2022.

Key facts

Type
2-bed apartment
Size
1,243 sqft
Floor
6th of 9
Parking
G-82 , G-83
Developer
Binghatti
Completed
2015
Service charge
AED 12,800 /yr
Last sold
AED 964K · March 2016
Building
Binghati Apartments

About 616, Binghati Apartments

616 is a two-bedroom apartment of 1,243 sqft on the 6th floor of Binghati Apartments, a 9-storey tower in Dubai Silicon Oasis completed in 2015 by Binghatti. The developer sold it on 16 March 2016 for AED 964,227, or AED 775 per sqft, 6% above the AED 730 two-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 15 September 2022, is AED 40,000 a year: a gross yield of 4.2% on the 2016 price, before the service charge of about AED 12,800 a year.

Sales and rents for 616 over time

Sales
Unit 616, each saleTypical two-bed in Binghati Apartments
500K1M2016201920222025Typical sale price by year: 2016 AED 950,000; 2019 AED 550,000; 2021 AED 650,000; 2023 AED 631,230; 2024 AED 895,000; 2025 AED 1,090,000; 2026 AED 1,135,000Sold by developer, March 2016: AED 964,227 (AED 775 per sqft)

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

Rents
Unit 616, each contractTypical two-bed in Binghati Apartments
50K75K2016201920222025Typical rent by year: 2016 AED 90,000; 2017 AED 85,000; 2018 AED 75,000; 2019 AED 64,000; 2020 AED 55,000; 2021 AED 50,000; 2022 AED 55,000; 2023 AED 67,000; 2024 AED 80,000; 2025 AED 82,000; 2026 AED 85,000New contract, October 2016: AED 45,000 a yearNew contract, September 2019: AED 40,000 a yearNew contract, September 2022: AED 40,000 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 Binghati Apartments, and where 616 sits

All 41 2-beds →

616 last sold in March 2016 at AED 775 per sqft, 6% above what two-beds in Binghati Apartments were fetching at the time (AED 730). Over the last 12 months two-beds sold for AED 1,000,000 to 1,635,220, around AED 841 per sqft, and rent for AED 65,000 to 114,000 a year. 616's AED 40,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Oct 20261,635,220
17 Aug 20261,020,000
7 May 20261,250,000
3 Feb 20261,000,000
4 2-bed sales in the last 12 months

Binghati Apartments

Building

222 apartments, studios to 3-bed over 9 floors in Dubai Silicon Oasis, completed in 2015 by Binghatti. 22 sold in the last 12 months.

Typical price per sqft
AED 864 Up 7.3%
Typical sale
AED 680K
Typical rent
AED 58K /yr
Typical yield
8.9%
Binghati Apartments, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 6th floor

All 222 units in Binghati Apartments
Value
6013-bedAED 1.29M · Oct 2026
6022-bedAED 938K · Feb 2016
6032-bedAED 1M · Feb 2016
6041-bedAED 662K · Feb 2016
6052-bedAED 890K · Jun 2024
6062-bedAED 544K · Jun 2023
6073-bedAED 1.18M · Feb 2016
1–7 of 24

616, Binghati Apartments in numbers

  • Sold once: by Binghatti on 16 March 2016 for AED 964,227, or AED 775 per sqft.
  • Rented since October 2016 on 3 Ejari contracts, from AED 45,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2016 price is 4.2%, before a service charge of about AED 12,800 a year (AED 10.32 per sqft).
  • Two-beds in Binghati Apartments sold for AED 1,000,000–1,635,220 in the 12 months to November 2026; the building's median across all types is AED 864 per sqft.

Source: Dubai Land Department. Updated 15 September 2022.

Questions about 616, Binghati Apartments

What did unit 616 last sell for?

AED 964,227 on 16 March 2016, sold by the developer: AED 775 per sqft for 1,243 sqft. It is the only registered sale of the unit.

What is the rent for unit 616?

AED 40,000 a year on the contract signed on 15 September 2022. The previous contract, from September 2019, was AED 40,000; the unit has been rented since October 2016.

How big is unit 616?

1,243 sqft (115.5 sqm): a two-bedroom apartment on the 6th floor of a 9-storey tower completed in 2015.

What is unit 616 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Binghati Apartments sold for AED 1,000,000 to 1,635,220 in the last 12 months, around AED 841 per sqft.

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Mortgage on 616, Binghati Apartments

Starts from the last sale price (AED 964K, 16 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 964,227
Deposit, UAE resident (20%)
AED 192,845
Deposit, non-resident (40%)
AED 385,691
Monthly over 25 years at 3.7%
AED 3,945

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