409, Le Presidium 2
Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 409, Le Presidium 2
What is 409 worth today?
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Source: Dubai Land Department. Updated 10 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,010 sqft
- Floor
- 4th of 11
- Parking
- B2-115
- Developer
- Credo Investments
- Completed
- 2016
- Service charge
- AED 14,300 /yr
- Last sold
- AED 740K · May 2023
- Building
- Le Presidium 2
About 409, Le Presidium 2
409 is a one-bedroom apartment of 1,010 sqft on the 4th floor of Le Presidium 2, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. It last sold on 10 May 2023 for AED 740,000, or AED 732 per sqft, 8% above the AED 679 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 June 2022, is AED 52,000 a year: a gross yield of 7.0% on the 2023 price, before the service charge of about AED 14,300 a year.
Sales and rents for 409 over time
409 has sold 3 times; 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 2, and where 409 sits
All 75 1-beds →409 last sold in May 2023 at AED 732 per sqft, 8% above what one-beds in Le Presidium 2 were fetching at the time (AED 679). Over the last 12 months one-beds sold for AED 680,000 to 950,000, around AED 963 per sqft, and rent for AED 48,000 to 75,000 a year. 409's AED 52,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Sep 202618 September 2026 | 724 sqft | 680,000 | 939 | ||
| 10 Sep 202610 September 2026 | 724 sqft | 685,000 | 946 | ||
| 25 Jun 202625 June 2026 | 906 sqft | 950,000 | 1,048 | ||
| 28 Nov 202528 November 2025 | 724 sqft | 710,000 | 980 |
Le Presidium 2
Building97 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%
Other units on the 4th floor
All 97 units in Le Presidium 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 1,009 sqft | AED 730KAED 730,000 · Mar 2022March 2022 | 41,864 /yr | |
| 402 | 1-bed | 724 sqft | AED 500KAED 500,000 · Aug 2023August 2023 | 63,000 /yr | |
| 403 | 2-bed | 1,280 sqft | AED 995KAED 995,000 · Aug 2016August 2016 | 92,000 /yr | |
| 404 | 1-bed | 912 sqft | AED 737KAED 736,592 · Nov 2016November 2016 | 67,181 /yr | |
| 405 | 1-bed | 906 sqft | AED 714KAED 713,500 · Oct 2016October 2016 | 60,162 /yr | |
| 406 | 1-bed | 912 sqft | AED 714KAED 713,500 · Oct 2016October 2016 | 62,000 /yr | |
| 407 | 2-bed | 1,274 sqft | AED 1.3MAED 1,300,000 · Oct 2024October 2024 | 90,000 /yr | |
| 408 | 1-bed | 724 sqft | AED 450KAED 450,000 · Feb 2020February 2020 | 57,000 /yr |
409, Le Presidium 2 in numbers
- Sold 3 times: first on 17 February 2016 for AED 514,516, last on 10 May 2023 for AED 740,000 (AED 732 per sqft).
- Rented since June 2019 on 4 Ejari contracts, from AED 66,000 to AED 52,000 a year.
- At AED 52,000 a year the gross yield on the 2023 price is 7.0%, before a service charge of about AED 14,300 a year (AED 14.13 per sqft).
- One-beds in Le Presidium 2 sold for AED 680,000–950,000 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 10 May 2023.
Questions about 409, Le Presidium 2
What did unit 409 last sell for?
AED 740,000 on 10 May 2023: AED 732 per sqft for 1,010 sqft. The unit has 3 registered sales; the first was AED 514,516 in February 2016.
What is the rent for unit 409?
AED 52,000 a year on the contract renewed on 1 June 2022. The previous contract, from June 2021, was AED 50,000; the unit has been rented since June 2019.
How big is unit 409?
1,010 sqft (93.8 sqm): a one-bedroom apartment on the 4th floor of a 11-storey tower completed in 2016.
What is unit 409 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Le Presidium 2 sold for AED 680,000 to 950,000 in the last 12 months, around AED 963 per sqft.
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Mortgage on 409, Le Presidium 2
Starts from the last sale price (AED 740K, 10 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 740,000
- Deposit, UAE resident (20%)
- AED 148,000
- Deposit, non-resident (40%)
- AED 296,000
- Monthly over 25 years at 3.7%
- AED 3,028
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →