502, Le Presidium 2
Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Le Presidium 2
What is 502 worth today?
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Source: Dubai Land Department. Updated 2 February 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 724 sqft
- Floor
- 5th of 11
- Parking
- B2-113
- Developer
- Credo Investments
- Completed
- 2016
- Service charge
- AED 10,200 /yr
- Last sold
- AED 500K · February 2023
- Building
- Le Presidium 2
About 502, Le Presidium 2
502 is a one-bedroom apartment of 724 sqft on the 5th floor of Le Presidium 2, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. It last sold on 2 February 2023 for AED 500,000, or AED 690 per sqft, in line with the AED 685 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 5 March 2021, is AED 34,000 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 10,200 a year.
Sales and rents for 502 over time
502 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 2, and where 502 sits
All 75 1-beds →502 last sold in February 2023 at AED 690 per sqft, in line with what one-beds in Le Presidium 2 were fetching at the time (AED 685). 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. 502's AED 34,000 is at the bottom 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 5th floor
All 97 units in Le Presidium 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 1,009 sqft | AED 650KAED 650,000 · Mar 2021March 2021 | ||
| 503 | 2-bed | 1,280 sqft | AED 1.06MAED 1,060,000 · Oct 2023October 2023 | 66,169 /yr | |
| 504 | 1-bed | 912 sqft | AED 710KAED 710,000 · May 2024May 2024 | 65,000 /yr | |
| 505 | 1-bed | 906 sqft | AED 617KAED 616,862 · Dec 2015December 2015 | 50,935 /yr | |
| 506 | 1-bed | 912 sqft | AED 622KAED 621,500 · Dec 2015December 2015 | 53,482 /yr | |
| 507 | 2-bed | 1,274 sqft | AED 1MAED 1,000,272 · Aug 2016August 2016 | ||
| 508 | 1-bed | 724 sqft | AED 587KAED 586,928 · Nov 2016November 2016 | 48,000 /yr | |
| 509 | 1-bed | 1,010 sqft | AED 615KAED 615,000 · Nov 2021November 2021 | 63,000 /yr |
502, Le Presidium 2 in numbers
- Sold twice: first on 4 October 2015 for AED 502,889, last on 2 February 2023 for AED 500,000 (AED 690 per sqft).
- Rented since December 2017 on 4 Ejari contracts, from AED 56,500 to AED 34,000 a year.
- At AED 34,000 a year the gross yield on the 2023 price is 6.8%, before a service charge of about AED 10,200 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 2 February 2023.
Questions about 502, Le Presidium 2
What did unit 502 last sell for?
AED 500,000 on 2 February 2023: AED 690 per sqft for 724 sqft. The unit has 2 registered sales; the first was AED 502,889 in October 2015.
What is the rent for unit 502?
AED 34,000 a year on the contract renewed on 5 March 2021. The previous contract, from March 2020, was AED 40,000; the unit has been rented since December 2017.
How big is unit 502?
724 sqft (67.3 sqm): a one-bedroom apartment on the 5th floor of a 11-storey tower completed in 2016.
What is unit 502 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 502, Le Presidium 2
Starts from the last sale price (AED 500K, 2 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →