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2-bed · 1,276 sqftLe Presidium 1, Dubai Silicon Oasis · 4th floor · completed 2016

403, Le Presidium 1

Sold prices and rental history: sold 4 times, last in December 2023, and rented once, from August 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 1.25M1 December 2023
Current rentAED 85K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 403, Le Presidium 1

What is 403 worth today?

Last sold for AED 1,250,000 in 2023

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1 Aug 2024RentedNew contract
AED 85,000/yr12 months · AED 67 per sqft
1 Dec 2023SoldReady
AED 1,250,000AED 979 per sqft
29 Jun 2017SoldReady
AED 1,300,000AED 1,019 per sqft
2 Nov 2016SoldOff-plan
AED 1,160,000AED 909 per sqft
4 Feb 2016Sold by developerOff-plan
AED 950,272AED 744 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
2-bed apartment
Size
1,276 sqft
Floor
4th of 11
Parking
B2-48
Developer
Credo Investments
Completed
2016
Service charge
AED 18,000 /yr
Last sold
AED 1.25M · December 2023
Building
Le Presidium 1

About 403, Le Presidium 1

403 is a two-bedroom apartment of 1,276 sqft on the 4th floor of Le Presidium 1, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. It last sold on 1 December 2023 for AED 1,250,000, or AED 979 per sqft, in line with the AED 951 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2024. The current contract, signed on 1 August 2024, is AED 85,000 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 18,000 a year.

Sales and rents for 403 over time

Sales
Unit 403, each saleTypical two-bed in Le Presidium 1
1M1.2M201620192022Typical sale price by year: 2016 AED 950,272; 2017 AED 1,018,040; 2023 AED 1,200,000Sold by developer, February 2016: AED 950,272 (AED 744 per sqft)Sold, November 2016: AED 1,160,000 (AED 909 per sqft)Sold, June 2017: AED 1,300,000 (AED 1,019 per sqft)Sold, December 2023: AED 1,250,000 (AED 979 per sqft)

403 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 403, 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, August 2024: AED 85,000 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 403 sits

All 22 2-beds →

403 last sold in December 2023 at AED 979 per sqft, in line with what two-beds in Le Presidium 1 were fetching at the time (AED 951). 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. 403's AED 85,000 is in the upper half 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 58K /yr
Typical yield
6.0%
Le Presidium 1, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 4th floor

All 99 units in Le Presidium 1
Value
4011-bedAED 780K · Dec 2016
4021-bedAED 620K · Aug 2016
4041-bedAED 710K · Aug 2016
4051-bedAED 350K · Apr 2018
4061-bedAED 705K · Oct 2016
4072-bedAED 1.18M · Mar 2023
4081-bedAED 610K · Sep 2016
1–7 of 8

403, Le Presidium 1 in numbers

  • Sold 4 times: first on 4 February 2016 for AED 950,272, last on 1 December 2023 for AED 1,250,000 (AED 979 per sqft).
  • Rented since August 2024 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2023 price is 6.8%, 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 1 August 2024.

Questions about 403, Le Presidium 1

What did unit 403 last sell for?

AED 1,250,000 on 1 December 2023: AED 979 per sqft for 1,276 sqft. The unit has 4 registered sales; the first was AED 950,272 in February 2016.

What is the rent for unit 403?

AED 85,000 a year on the contract signed on 1 August 2024.

How big is unit 403?

1,276 sqft (118.5 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2016.

What is unit 403 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 403, Le Presidium 1

Starts from the last sale price (AED 1.25M, 1 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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