Home
Dubai prices
About
Research
2-bed · 1,274 sqftLe Presidium 1, Dubai Silicon Oasis · 4th floor · completed 2016

407, Le Presidium 1

Sold prices and rental history: sold 3 times, last in March 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 20 March 2023
Last soldAED 1.18M20 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 407

Property timeline for 407, Le Presidium 1

What is 407 worth today?

Last sold for AED 1,175,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

20 Mar 2023SoldReady
AED 1,175,000AED 922 per sqft
2 Jan 2017SoldReady
AED 1,050,000AED 824 per sqft
4 Feb 2016Sold by developerOff-plan
AED 950,272AED 746 per sqft

Source: Dubai Land Department. Updated 20 March 2023.

Key facts

Type
2-bed apartment
Size
1,274 sqft
Floor
4th of 11
Parking
B2-53
Developer
Credo Investments
Completed
2016
Service charge
AED 18,000 /yr
Last sold
AED 1.18M · March 2023
Building
Le Presidium 1

About 407, Le Presidium 1

407 is a two-bedroom apartment of 1,274 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 20 March 2023 for AED 1,175,000, or AED 922 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 407 over time

Sales
Unit 407, 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, February 2016: AED 950,272 (AED 746 per sqft)Sold, January 2017: AED 1,050,000 (AED 824 per sqft)Sold, March 2023: AED 1,175,000 (AED 922 per sqft)

407 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 407, 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 86,000

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 407 sits

All 22 2-beds →

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.

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
4032-bedAED 1.25M · Dec 2023
4041-bedAED 710K · Aug 2016
4051-bedAED 350K · Apr 2018
4061-bedAED 705K · Oct 2016
4081-bedAED 610K · Sep 2016
1–7 of 8

407, Le Presidium 1 in numbers

  • Sold 3 times: first on 4 February 2016 for AED 950,272, last on 20 March 2023 for AED 1,175,000 (AED 922 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 20 March 2023.

Questions about 407, Le Presidium 1

What did unit 407 last sell for?

AED 1,175,000 on 20 March 2023: AED 922 per sqft for 1,274 sqft. The unit has 3 registered sales; the first was AED 950,272 in February 2016.

How big is unit 407?

1,274 sqft (118.4 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2016.

What is unit 407 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.

Selling 407? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 407, Le Presidium 1

Starts from the last sale price (AED 1.18M, 20 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,175,000
Deposit, UAE resident (20%)
AED 235,000
Deposit, non-resident (40%)
AED 470,000
Monthly over 25 years at 3.7%
AED 4,807

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