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2-bed · 1,276 sqftLe Presidium 1, Dubai Silicon Oasis · 11th floor · completed 2016

1103, Le Presidium 1

Sold prices and rental history: sold once, by the developer in December 2016, and rented once, from November 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1103 · DLD and Ejari recordsUpdated 15 November 2018
Last soldAED 963K15 December 2016
Current rentAED 50K /yr15 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1103, Le Presidium 1

What is 1103 worth today?

Last sold for AED 963,379 in 2016

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15 Nov 2018RentedNew contract
AED 50,000/yr12 months · AED 39 per sqft
15 Dec 2016Sold by developerReady
AED 963,379AED 755 per sqft

Source: Dubai Land Department. Updated 15 November 2018.

Key facts

Type
2-bed apartment
Size
1,276 sqft
Floor
11th of 11
Parking
B1-51
Developer
Credo Investments
Completed
2016
Service charge
AED 18,000 /yr
Last sold
AED 963K · December 2016
Building
Le Presidium 1

About 1103, Le Presidium 1

1103 is a two-bedroom apartment of 1,276 sqft on the 11th floor of Le Presidium 1, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. The developer sold it on 15 December 2016 for AED 963,379, or AED 755 per sqft, in line with the AED 746 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 November 2018. The current contract, signed on 15 November 2018, is AED 50,000 a year: a gross yield of 5.2% on the 2016 price, before the service charge of about AED 18,000 a year.

Sales and rents for 1103 over time

Sales
Unit 1103, each saleTypical two-bed in Le Presidium 1
1M1.2M20162018202020222024Typical sale price by year: 2016 AED 950,272; 2017 AED 1,018,040; 2023 AED 1,200,000Sold by developer, December 2016: AED 963,379 (AED 755 per sqft)

1103 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1103, each contractTypical two-bed in Le Presidium 1
60K80K2017202020232026Typical rent by year: 2017 AED 86,500; 2018 AED 78,000; 2019 AED 70,000; 2020 AED 65,000; 2021 AED 61,000; 2022 AED 65,000; 2023 AED 66,450; 2024 AED 75,000; 2025 AED 78,500; 2026 AED 86,000New contract, November 2018: AED 50,000 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 Le Presidium 1, and where 1103 sits

All 22 2-beds →

1103 last sold in December 2016 at AED 755 per sqft, in line with what two-beds in Le Presidium 1 were fetching at the time (AED 746). Over the last 12 months two-beds sold for AED 1,500,000, around AED 1,177 per sqft, and rent for AED 71,663 to 95,000 a year. 1103's AED 50,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Jul 20261,500,000
22 Jan 20261,500,000
5 May 20251,480,000
1 Apr 20241,070,000
2 2-bed sales in the last 12 months

Le Presidium 1

Building

99 apartments, 1-bed to 2-bed over 11 floors in Dubai Silicon Oasis, completed in 2016 by Credo Investments. 2 sold in the last 12 months.

Typical price per sqft
AED 1,177
Typical sale
AED 1.5M
Typical rent
AED 59K /yr
Typical yield
6.0%
Le Presidium 1, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 11th floor

All 99 units in Le Presidium 1
Value
11011-bedAED 773K · Dec 2016
11021-bedAED 594K · Dec 2016
11041-bedAED 759K · Oct 2016
11051-bedAED 704K · Oct 2016
11061-bedAED 677K · Dec 2016
11072-bedAED 1.01M · Nov 2016
11081-bedAED 594K · Dec 2016
1–7 of 8

1103, Le Presidium 1 in numbers

  • Sold once: by Credo Investments on 15 December 2016 for AED 963,379, or AED 755 per sqft.
  • Rented since November 2018 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2016 price is 5.2%, before a service charge of about AED 18,000 a year (AED 14.13 per sqft).
  • Two-beds in Le Presidium 1 sold for AED 1,500,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,177 per sqft.

Source: Dubai Land Department. Updated 15 November 2018.

Questions about 1103, Le Presidium 1

What did unit 1103 last sell for?

AED 963,379 on 15 December 2016, sold by the developer: AED 755 per sqft for 1,276 sqft. It is the only registered sale of the unit.

What is the rent for unit 1103?

AED 50,000 a year on the contract signed on 15 November 2018.

How big is unit 1103?

1,276 sqft (118.5 sqm): a two-bedroom apartment on the 11th floor of a 11-storey tower completed in 2016.

What is unit 1103 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Le Presidium 1 sold for AED 1,500,000 to 1,500,000 in the last 12 months, around AED 1,177 per sqft.

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Mortgage on 1103, Le Presidium 1

Starts from the last sale price (AED 963K, 15 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 963,379
Deposit, UAE resident (20%)
AED 192,676
Deposit, non-resident (40%)
AED 385,352
Monthly over 25 years at 3.7%
AED 3,941

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