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1-bed · 784 sqftCoral Residence, Dubai Silicon Oasis · 5th floor · completed 2010

516, Coral Residence

Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 7 August 2024
Last soldAED 500K7 August 2024
Current rentAED 45K /yr15 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Coral Residence

What is 516 worth today?

Last sold for AED 500,000 in 2024

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7 Aug 2024SoldReady
AED 500,000AED 637 per sqft
15 Jul 2024RentedRenewal
AED 45,000/yr12 months · AED 57 per sqft
15 Jul 2023RentedRenewal
AED 37,950/yr12 months · AED 48 per sqft
15 Jul 2022RentedNew contract
AED 34,500/yr12 months · AED 44 per sqft
15 Jul 2021RentedNew contract
AED 30,000/yr12 months · AED 38 per sqft
2 Nov 2019RentedRenewal
AED 40,000/yr12 months · AED 51 per sqft
2 Nov 2018RentedNew contract
AED 43,000/yr12 months · AED 55 per sqft
19 Feb 2016RentedRenewal
AED 50,600/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 7 August 2024.

Key facts

Type
1-bed apartment
Size
784 sqft
Floor
5th of 8
Parking
B - 61
Developer
Deyaar
Completed
2010
Service charge
AED 10,000 /yr
Last sold
AED 500K · August 2024
Building
Coral Residence

About 516, Coral Residence

516 is a one-bedroom apartment of 784 sqft on the 5th floor of Coral Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Deyaar. It last sold on 7 August 2024 for AED 500,000, or AED 637 per sqft, in line with the AED 634 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 15 July 2024, is AED 45,000 a year: a gross yield of 9.0% on the 2024 price, before the service charge of about AED 10,000 a year.

Sales and rents for 516 over time

Sales
Unit 516, each saleTypical one-bed in Coral Residence
500K1M2009201420192024Typical sale price by year: 2009 AED 1,001,063; 2010 AED 720,589; 2011 AED 540,142; 2012 AED 568,149; 2013 AED 560,973; 2014 AED 600,000; 2015 AED 640,168; 2016 AED 575,000; 2017 AED 560,000; 2018 AED 510,000; 2019 AED 410,000; 2021 AED 355,000; 2022 AED 381,500; 2023 AED 445,000; 2024 AED 535,000; 2025 AED 610,000; 2026 AED 660,000Sold by developer, September 2013: AED 525,393 (AED 670 per sqft)Sold, August 2024: AED 500,000 (AED 637 per sqft)

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

Rents
Unit 516, each contractTypical one-bed in Coral Residence
40K60K2012201620202024Typical rent by year: 2012 AED 34,000; 2013 AED 36,000; 2014 AED 42,000; 2015 AED 55,000; 2016 AED 57,750; 2017 AED 52,371; 2018 AED 48,000; 2019 AED 40,000; 2020 AED 34,000; 2021 AED 30,000; 2022 AED 34,750; 2023 AED 39,112; 2024 AED 43,780; 2025 AED 50,000; 2026 AED 53,500New contract, April 2012: AED 33,231 a yearRenewal, May 2013: AED 36,980 a yearRenewal, February 2014: AED 40,000 a yearRenewal, February 2015: AED 46,000 a yearRenewal, February 2016: AED 50,600 a yearNew contract, November 2018: AED 43,000 a yearRenewal, November 2019: AED 40,000 a yearNew contract, July 2021: AED 30,000 a yearNew contract, July 2022: AED 34,500 a yearRenewal, July 2023: AED 37,950 a yearRenewal, July 2024: AED 45,000 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 Coral Residence, and where 516 sits

All 108 1-beds →

516 last sold in August 2024 at AED 637 per sqft, in line with what one-beds in Coral Residence were fetching at the time (AED 634). Over the last 12 months one-beds sold for AED 650,000 to 755,000, around AED 854 per sqft, and rent for AED 35,000 to 66,000 a year. 516's AED 45,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Oct 2026665,000
1 Oct 2026660,000
18 Sep 2026650,000
26 Aug 2026650,000
12 1-bed sales in the last 12 months

Coral Residence

Building

145 apartments, 1-bed to 3-bed over 8 floors in Dubai Silicon Oasis, completed in 2010 by Deyaar. 15 sold in the last 12 months.

Typical price per sqft
AED 854 Up 0.5%
Typical sale
AED 665K
Typical rent
AED 57K /yr
Typical yield
8.0%
Coral Residence, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 5th floor

All 145 units in Coral Residence
Value
5011-bedAED 811K · Nov 2013
5021-bedAED 570K · Oct 2024
5031-bedAED 580K · Sep 2024
5041-bedAED 585K · Oct 2025
5051-bedAED 752K · Mar 2013
5061-bedAED 685K · Aug 2025
5071-bedAED 375K · Oct 2019
1–7 of 20

516, Coral Residence in numbers

  • Sold twice: first on 11 September 2013 for AED 525,393, last on 7 August 2024 for AED 500,000 (AED 637 per sqft).
  • Rented since April 2012 on 11 Ejari contracts, from AED 33,231 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2024 price is 9.0%, before a service charge of about AED 10,000 a year (AED 12.82 per sqft).
  • One-beds in Coral Residence sold for AED 650,000–755,000 in the 12 months to November 2026; the building's median across all types is AED 854 per sqft.

Source: Dubai Land Department. Updated 7 August 2024.

Questions about 516, Coral Residence

What did unit 516 last sell for?

AED 500,000 on 7 August 2024: AED 637 per sqft for 784 sqft. The unit has 2 registered sales; the first was AED 525,393 in September 2013.

What is the rent for unit 516?

AED 45,000 a year on the contract renewed on 15 July 2024. The previous contract, from July 2023, was AED 37,950; the unit has been rented since April 2012.

How big is unit 516?

784 sqft (72.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2010.

What is unit 516 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Coral Residence sold for AED 650,000 to 755,000 in the last 12 months, around AED 854 per sqft.

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Mortgage on 516, Coral Residence

Starts from the last sale price (AED 500K, 7 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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