505, Le Presidium 1
Sold prices and rental history: sold twice, last in October 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Le Presidium 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 15 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 906 sqft
- Floor
- 5th of 11
- Parking
- B2-68
- Developer
- Credo Investments
- Completed
- 2016
- Service charge
- AED 12,800 /yr
- Last sold
- AED 705K · October 2016
- Building
- Le Presidium 1
About 505, Le Presidium 1
505 is a one-bedroom apartment of 906 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 16 October 2016 for AED 705,000, or AED 777 per sqft, 5% above the AED 739 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 15 November 2024, is AED 57,000 a year: a gross yield of 8.1% on the 2016 price, before the service charge of about AED 12,800 a year.
Sales and rents for 505 over time
505 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Le Presidium 1, and where 505 sits
All 77 1-beds →505 last sold in October 2016 at AED 777 per sqft, 5% above what one-beds in Le Presidium 1 were fetching at the time (AED 739). 505's AED 57,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202521 October 2025 | 724 sqft | 787,000 | 1,087 | ||
| 23 Jun 202523 June 2025 | 1,009 sqft | 925,000 | 916 | ||
| 31 Oct 202431 October 2024 | 1,009 sqft | 940,000 | 931 | ||
| 24 Oct 202424 October 2024 | 912 sqft | 750,000 | 822 |
Le Presidium 1
Building99 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%
Other units on the 5th floor
All 99 units in Le Presidium 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 1,009 sqft | AED 780KAED 780,000 · Dec 2016December 2016 | 65,000 /yr | |
| 502 | 1-bed | 724 sqft | AED 580KAED 580,000 · Oct 2016October 2016 | ||
| 503 | 2-bed | 1,276 sqft | AED 1.04MAED 1,035,000 · Oct 2016October 2016 | ||
| 504 | 1-bed | 912 sqft | AED 710KAED 710,000 · Oct 2016October 2016 | ||
| 506 | 1-bed | 912 sqft | AED 345KAED 345,000 · Jul 2018July 2018 | 57,000 /yr | |
| 507 | 2-bed | 1,274 sqft | AED 844KAED 844,000 · Dec 2021December 2021 | 53,000 /yr | |
| 508 | 1-bed | 724 sqft | AED 595KAED 595,000 · Aug 2016August 2016 | 55,000 /yr | |
| 509 | 1-bed | 1,010 sqft | AED 765KAED 765,000 · Feb 2017February 2017 |
505, Le Presidium 1 in numbers
- Sold twice: first on 4 February 2016 for AED 662,556, last on 16 October 2016 for AED 705,000 (AED 777 per sqft).
- Rented since November 2016 on 10 Ejari contracts. The rent fell from AED 63,871 to AED 43,000 in 2021 and recovered to AED 57,000 by November 2024.
- At AED 57,000 a year the gross yield on the 2016 price is 8.1%, before a service charge of about AED 12,800 a year (AED 14.13 per sqft).
Source: Dubai Land Department. Updated 15 November 2024.
Questions about 505, Le Presidium 1
What did unit 505 last sell for?
AED 705,000 on 16 October 2016: AED 777 per sqft for 906 sqft. The unit has 2 registered sales; the first was AED 662,556 in February 2016.
What is the rent for unit 505?
AED 57,000 a year on the contract renewed on 15 November 2024. The previous contract, from November 2024, was AED 57,000; the unit has been rented since November 2016.
How big is unit 505?
906 sqft (84.2 sqm): a one-bedroom apartment on the 5th floor of a 11-storey tower completed in 2016.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 505, Le Presidium 1
Starts from the last sale price (AED 705K, 16 October 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 705,000
- Deposit, UAE resident (20%)
- AED 141,000
- Deposit, non-resident (40%)
- AED 282,000
- Monthly over 25 years at 3.7%
- AED 2,884
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →