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2-bed · 1,276 sqftLe Presidium 1, Dubai Silicon Oasis · 5th floor · completed 2016

503, Le Presidium 1

Sold prices and rental history: sold twice, last in October 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 11 October 2016
Last soldAED 1.04M11 October 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Le Presidium 1

What is 503 worth today?

Last sold for AED 1,035,000 in 2016

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11 Oct 2016SoldOff-plan
AED 1,035,000AED 811 per sqft
4 Feb 2016Sold by developerOff-plan
AED 950,272AED 744 per sqft

Source: Dubai Land Department. Updated 11 October 2016.

Key facts

Type
2-bed apartment
Size
1,276 sqft
Floor
5th of 11
Parking
B2-35
Developer
Credo Investments
Completed
2016
Service charge
AED 18,000 /yr
Last sold
AED 1.04M · October 2016
Building
Le Presidium 1

About 503, Le Presidium 1

503 is a two-bedroom apartment of 1,276 sqft on the 5th floor of Le Presidium 1, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. It last sold on 11 October 2016 for AED 1,035,000, or AED 811 per sqft, 9% above the AED 744 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 503 over time

Sales
Unit 503, 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 744 per sqft)Sold, October 2016: AED 1,035,000 (AED 811 per sqft)

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

Rents
Unit 503, 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 503 sits

All 22 2-beds →

503 last sold in October 2016 at AED 811 per sqft, 9% above what two-beds in Le Presidium 1 were fetching at the time (AED 744). 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 5th floor

All 99 units in Le Presidium 1
Value
5011-bedAED 780K · Dec 2016
5021-bedAED 580K · Oct 2016
5041-bedAED 710K · Oct 2016
5051-bedAED 705K · Oct 2016
5061-bedAED 345K · Jul 2018
5072-bedAED 844K · Dec 2021
5081-bedAED 595K · Aug 2016
1–7 of 8

503, Le Presidium 1 in numbers

  • Sold twice: first on 4 February 2016 for AED 950,272, last on 11 October 2016 for AED 1,035,000 (AED 811 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 11 October 2016.

Questions about 503, Le Presidium 1

What did unit 503 last sell for?

AED 1,035,000 on 11 October 2016: AED 811 per sqft for 1,276 sqft. The unit has 2 registered sales; the first was AED 950,272 in February 2016.

How big is unit 503?

1,276 sqft (118.5 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2016.

What is unit 503 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 503, Le Presidium 1

Starts from the last sale price (AED 1.04M, 11 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,035,000
Deposit, UAE resident (20%)
AED 207,000
Deposit, non-resident (40%)
AED 414,000
Monthly over 25 years at 3.7%
AED 4,235

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