1-bed · 893 sqftBinghatti Point, Dubai Silicon Oasis · 5th floor · completed 2022

502, Binghatti Point

Sold prices and rental history: sold once, by the developer in July 2022, and rented once, from October 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 11 October 2022
Last soldAED 480K7 July 2022
Current rentAED 38K /yr11 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Binghatti Point

What is 502 worth today?

Last sold for AED 480,000 in 2022

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11 Oct 2022RentedNew contract
AED 38,000/yr12 months · AED 43 per sqft
7 Jul 2022Sold by developerReady
AED 480,000AED 537 per sqft

Source: Dubai Land Department. Updated 11 October 2022.

Key facts

Type
1-bed apartment
Size
893 sqft
Floor
5th of 10
Parking
B-8
Developer
Binghatti
Completed
2022
Service charge
AED 11,700 /yr
Last sold
AED 480K · July 2022

About 502, Binghatti Point

502 is a one-bedroom apartment of 893 sqft on the 5th floor of Binghatti Point, a 10-storey tower in Dubai Silicon Oasis completed in 2022 by Binghatti. The developer sold it on 7 July 2022 for AED 480,000, or AED 537 per sqft, 10% below the AED 597 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 11 October 2022. The current contract, signed on 11 October 2022, is AED 38,000 a year: a gross yield of 7.9% on the 2022 price, before the service charge of about AED 11,700 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical one-bed in Binghatti Point
400K600K2021202320252027Typical sale price by year: 2021 AED 470,000; 2022 AED 450,000; 2023 AED 515,000; 2024 AED 590,000; 2025 AED 690,000; 2026 AED 745,000Sold by developer, July 2022: AED 480,000 (AED 537 per sqft)

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

Rents
Unit 502, each contractTypical one-bed in Binghatti Point
40K50K202220242026Typical rent by year: 2022 AED 36,000; 2023 AED 40,000; 2024 AED 48,000; 2025 AED 52,070; 2026 AED 52,500New contract, October 2022: AED 38,000 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 Binghatti Point, and where 502 sits

All 80 1-beds →

502 last sold in July 2022 at AED 537 per sqft, 10% below what one-beds in Binghatti Point were fetching at the time (AED 597). Over the last 12 months one-beds sold for AED 685,000 to 765,000, around AED 1,103 per sqft, and rent for AED 33,000 to 67,456 a year. 502's AED 38,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Oct 2026745,000
26 Aug 2026685,000
11 Mar 2026765,000
18 Feb 2026710,000
5 1-bed sales in the last 12 months

Binghatti Point

Building

121 apartments, 1-bed to 2-bed over 10 floors in Dubai Silicon Oasis, completed in 2022 by Binghatti. 8 sold in the last 12 months.

Typical price per sqft
AED 1,021
Typical sale
AED 765K
Typical rent
AED 55K /yr
Typical yield
6.7%
Binghatti Point, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 5th floor

All 121 units in Binghatti Point
Value
5012-bedAED 700K · Aug 2023
5031-bedAED 495K · Oct 2022
5041-bedAED 527K · Nov 2021
5052-bedAED 600K · Feb 2022
5061-bedAED 670K · Nov 2024
5071-bedAED 470K · Nov 2021
5082-bedAED 650K · Jun 2022
1–7 of 11

502, Binghatti Point in numbers

  • Sold once: by Binghatti on 7 July 2022 for AED 480,000, or AED 537 per sqft.
  • Rented since October 2022 on one Ejari contract, at AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2022 price is 7.9%, before a service charge of about AED 11,700 a year (AED 13.12 per sqft).
  • One-beds in Binghatti Point sold for AED 685,000–765,000 in the 12 months to November 2026; the building's median across all types is AED 1,021 per sqft.

Source: Dubai Land Department. Updated 11 October 2022.

Questions about 502, Binghatti Point

What did unit 502 last sell for?

AED 480,000 on 7 July 2022, sold by the developer: AED 537 per sqft for 893 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 38,000 a year on the contract signed on 11 October 2022.

How big is unit 502?

893 sqft (83.0 sqm): a one-bedroom apartment on the 5th floor of a 10-storey tower completed in 2022.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Binghatti Point sold for AED 685,000 to 765,000 in the last 12 months, around AED 1,103 per sqft.

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Mortgage on 502, Binghatti Point

Starts from the last sale price (AED 480K, 7 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

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