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2-bed · 1,280 sqftLe Presidium 2, Dubai Silicon Oasis · 3rd floor · completed 2016

303, Le Presidium 2

Sold prices and rental history: sold once, by the developer in August 2017, and rented once, from October 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 20 August 2017
Last soldAED 1.15M20 August 2017
Current rentAED 90K /yr2 October 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 303, Le Presidium 2

What is 303 worth today?

Last sold for AED 1,150,000 in 2017

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20 Aug 2017Sold by developerReady
AED 1,150,000AED 898 per sqft
2 Oct 2016RentedNew contract
AED 90,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 20 August 2017.

Key facts

Type
2-bed apartment
Size
1,280 sqft
Floor
3rd of 11
Parking
B2-87
Developer
Credo Investments
Completed
2016
Service charge
AED 18,100 /yr
Last sold
AED 1.15M · August 2017
Building
Le Presidium 2

About 303, Le Presidium 2

303 is a two-bedroom apartment of 1,280 sqft on the 3rd floor of Le Presidium 2, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. The developer sold it on 20 August 2017 for AED 1,150,000, or AED 898 per sqft, 11% above the AED 812 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 2 October 2016. The current contract, signed on 2 October 2016, is AED 90,000 a year: a gross yield of 7.8% on the 2017 price, before the service charge of about AED 18,100 a year.

Sales and rents for 303 over time

Sales
Unit 303, each saleTypical two-bed in Le Presidium 2
1M1.5M2015201820212024Typical sale price by year: 2015 AED 1,572,864; 2016 AED 997,636; 2017 AED 924,736; 2018 AED 1,200,000; 2024 AED 1,170,000Sold by developer, August 2017: AED 1,150,000 (AED 898 per sqft)

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

Rents
Unit 303, each contractTypical two-bed in Le Presidium 2
60K80K2016201920222025Typical rent by year: 2016 AED 90,000; 2017 AED 90,000; 2018 AED 85,000; 2019 AED 76,500; 2020 AED 64,000; 2021 AED 60,000; 2022 AED 63,250; 2023 AED 66,000; 2024 AED 65,000; 2025 AED 86,000; 2026 AED 92,500New contract, October 2016: AED 90,000 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 2, and where 303 sits

All 22 2-beds →

303 last sold in August 2017 at AED 898 per sqft, 11% above what two-beds in Le Presidium 2 were fetching at the time (AED 812). Over the last 12 months two-beds sold for AED 1,470,000, around AED 1,151 per sqft, and rent for AED 60,000 to 100,000 a year. 303's AED 90,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Jun 20261,470,000
25 Nov 20251,470,000
7 May 20251,450,000
25 Oct 20241,300,000
2 2-bed sales in the last 12 months

Le Presidium 2

Building

97 apartments, 1-bed to 2-bed over 11 floors in Dubai Silicon Oasis, completed in 2016 by Credo Investments. 6 sold in the last 12 months.

Typical price per sqft
AED 1,014
Typical sale
AED 830K
Typical rent
AED 60K /yr
Typical yield
7.0%
Le Presidium 2, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 3rd floor

All 97 units in Le Presidium 2
Value
3011-bedAED 770K · Oct 2018
3021-bedAED 310K · Apr 2017
3041-bedAED 620K · Jun 2022
3051-bedAED 715K · Mar 2018
3061-bedAED 655K · Sep 2023
3072-bedAED 1.17M · Feb 2024
3081-bedAED 610K · May 2017
1–7 of 8

303, Le Presidium 2 in numbers

  • Sold once: by Credo Investments on 20 August 2017 for AED 1,150,000, or AED 898 per sqft.
  • Rented since October 2016 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2017 price is 7.8%, before a service charge of about AED 18,100 a year (AED 14.13 per sqft).
  • Two-beds in Le Presidium 2 sold for AED 1,470,000–1,470,000 in the 12 months to November 2026; the building's median across all types is AED 1,014 per sqft.

Source: Dubai Land Department. Updated 20 August 2017.

Questions about 303, Le Presidium 2

What did unit 303 last sell for?

AED 1,150,000 on 20 August 2017, sold by the developer: AED 898 per sqft for 1,280 sqft. It is the only registered sale of the unit.

What is the rent for unit 303?

AED 90,000 a year on the contract signed on 2 October 2016.

How big is unit 303?

1,280 sqft (118.9 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2016.

What is unit 303 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 2 sold for AED 1,470,000 to 1,470,000 in the last 12 months, around AED 1,151 per sqft.

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Mortgage on 303, Le Presidium 2

Starts from the last sale price (AED 1.15M, 20 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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