508, Le Presidium 1
Sold prices and rental history: sold twice, last in August 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 508, Le Presidium 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 724 sqft
- Floor
- 5th of 11
- Parking
- B2-65
- Developer
- Credo Investments
- Completed
- 2016
- Service charge
- AED 10,200 /yr
- Last sold
- AED 595K · August 2016
- Building
- Le Presidium 1
About 508, Le Presidium 1
508 is a one-bedroom apartment of 724 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 23 August 2016 for AED 595,000, or AED 822 per sqft, 12% above the AED 733 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, signed on 1 January 2025, is AED 55,000 a year: a gross yield of 9.2% on the 2016 price, before the service charge of about AED 10,200 a year.
Sales and rents for 508 over time
508 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 508 sits
All 77 1-beds →508 last sold in August 2016 at AED 822 per sqft, 12% above what one-beds in Le Presidium 1 were fetching at the time (AED 733). 508's AED 55,000 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 | ||
| 505 | 1-bed | 906 sqft | AED 705KAED 705,000 · Oct 2016October 2016 | 57,000 /yr | |
| 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 | |
| 509 | 1-bed | 1,010 sqft | AED 765KAED 765,000 · Feb 2017February 2017 |
508, Le Presidium 1 in numbers
- Sold twice: first on 4 February 2016 for AED 531,904, last on 23 August 2016 for AED 595,000 (AED 822 per sqft).
- Rented since November 2016 on 9 Ejari contracts. The rent fell from AED 60,000 to AED 32,000 in 2020 and recovered to AED 55,000 by January 2025.
- At AED 55,000 a year the gross yield on the 2016 price is 9.2%, before a service charge of about AED 10,200 a year (AED 14.13 per sqft).
Source: Dubai Land Department. Updated 1 January 2025.
Questions about 508, Le Presidium 1
What did unit 508 last sell for?
AED 595,000 on 23 August 2016: AED 822 per sqft for 724 sqft. The unit has 2 registered sales; the first was AED 531,904 in February 2016.
What is the rent for unit 508?
AED 55,000 a year on the contract signed on 1 January 2025. The previous contract, from December 2023, was AED 48,000; the unit has been rented since November 2016.
How big is unit 508?
724 sqft (67.3 sqm): a one-bedroom apartment on the 5th floor of a 11-storey tower completed in 2016.
What is unit 508 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 508, Le Presidium 1
Starts from the last sale price (AED 595K, 23 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 595,000
- Deposit, UAE resident (20%)
- AED 119,000
- Deposit, non-resident (40%)
- AED 238,000
- Monthly over 25 years at 3.7%
- AED 2,434
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →