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2-bed · 1,274 sqftLe Presidium 1, Dubai Silicon Oasis · 7th floor · completed 2016

707, Le Presidium 1

Sold prices and rental history: sold twice, last in January 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 707 · DLD and Ejari recordsUpdated 4 March 2023
Last soldAED 1.12M30 January 2023
Current rentAED 61K /yr4 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 707, Le Presidium 1

What is 707 worth today?

Last sold for AED 1,115,000 in 2023

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4 Mar 2023RentedNew contract
AED 61,471/yr3 months · AED 48 per sqft
30 Jan 2023SoldReady
AED 1,115,000AED 875 per sqft
6 Mar 2022RentedRenewal
AED 61,600/yr12 months · AED 48 per sqft
6 Mar 2021RentedNew contract
AED 56,000/yr12 months · AED 44 per sqft
9 Aug 2016Sold by developerOff-plan
AED 983,040AED 771 per sqft

Source: Dubai Land Department. Updated 4 March 2023.

Key facts

Type
2-bed apartment
Size
1,274 sqft
Floor
7th of 11
Parking
B1-55
Developer
Credo Investments
Completed
2016
Service charge
AED 18,000 /yr
Last sold
AED 1.12M · January 2023
Building
Le Presidium 1

About 707, Le Presidium 1

707 is a two-bedroom apartment of 1,274 sqft on the 7th floor of Le Presidium 1, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. It last sold on 30 January 2023 for AED 1,115,000, or AED 875 per sqft.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 4 March 2023, is AED 61,471 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 18,000 a year.

Sales and rents for 707 over time

Sales
Unit 707, 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, August 2016: AED 983,040 (AED 771 per sqft)Sold, January 2023: AED 1,115,000 (AED 875 per sqft)

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

Rents
Unit 707, 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, March 2021: AED 56,000 a yearRenewal, March 2022: AED 61,600 a yearNew contract, March 2023: AED 61,471 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 707 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. 707's AED 61,471 is at the bottom 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 7th floor

All 99 units in Le Presidium 1
Value
7011-bedAED 789K · Oct 2016
7021-bedAED 569K · Aug 2016
7032-bedAED 937K · Nov 2016
7041-bedAED 691K · Sep 2016
7051-bedAED 600K · Apr 2023
7061-bedAED 750K · Oct 2024
7081-bedAED 569K · Aug 2016
1–7 of 8

707, Le Presidium 1 in numbers

  • Sold twice: first on 9 August 2016 for AED 983,040, last on 30 January 2023 for AED 1,115,000 (AED 875 per sqft).
  • Rented since March 2021 on 3 Ejari contracts, from AED 56,000 to AED 61,471 a year.
  • At AED 61,471 a year the gross yield on the 2023 price is 5.5%, 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 4 March 2023.

Questions about 707, Le Presidium 1

What did unit 707 last sell for?

AED 1,115,000 on 30 January 2023: AED 875 per sqft for 1,274 sqft. The unit has 2 registered sales; the first was AED 983,040 in August 2016.

What is the rent for unit 707?

AED 61,471 a year on the contract signed on 4 March 2023. The previous contract, from March 2022, was AED 61,600; the unit has been rented since March 2021.

How big is unit 707?

1,274 sqft (118.4 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2016.

What is unit 707 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 707, Le Presidium 1

Starts from the last sale price (AED 1.12M, 30 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,115,000
Deposit, UAE resident (20%)
AED 223,000
Deposit, non-resident (40%)
AED 446,000
Monthly over 25 years at 3.7%
AED 4,562

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