503, Le Presidium 2
Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Le Presidium 2
What is 503 worth today?
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Source: Dubai Land Department. Updated 15 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,280 sqft
- Floor
- 5th of 11
- Parking
- B2-112
- Developer
- Credo Investments
- Completed
- 2016
- Service charge
- AED 18,100 /yr
- Last sold
- AED 1.06M · October 2023
- Building
- Le Presidium 2
About 503, Le Presidium 2
503 is a two-bedroom apartment of 1,280 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 5 October 2023 for AED 1,060,000, or AED 828 per sqft.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 15 October 2023, is AED 66,169 a year: a gross yield of 6.2% on the 2023 price, before the service charge of about AED 18,100 a year.
Sales and rents for 503 over time
503 has sold twice; the dashed line is the two-bed median of each year in the building.
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 503 sits
All 22 2-beds →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. 503's AED 66,169 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Jun 20265 June 2026 | 1,280 sqft | 1,470,000 | 1,148 | ||
| 25 Nov 202525 November 2025 | 1,274 sqft | 1,470,000 | 1,154 | ||
| 7 May 20257 May 2025 | 1,280 sqft | 1,450,000 | 1,132 | ||
| 25 Oct 202425 October 2024 | 1,274 sqft | 1,300,000 | 1,020 |
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 | ||
| 502 | 1-bed | 724 sqft | AED 500KAED 500,000 · Feb 2023February 2023 | 34,000 /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 |
503, Le Presidium 2 in numbers
- Sold twice: first on 14 June 2016 for AED 950,272, last on 5 October 2023 for AED 1,060,000 (AED 828 per sqft).
- Rented since October 2018 on 6 Ejari contracts. The rent fell from AED 83,000 to AED 60,000 in 2021 and recovered to AED 66,169 by October 2023.
- At AED 66,169 a year the gross yield on the 2023 price is 6.2%, 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 15 October 2023.
Questions about 503, Le Presidium 2
What did unit 503 last sell for?
AED 1,060,000 on 5 October 2023: AED 828 per sqft for 1,280 sqft. The unit has 2 registered sales; the first was AED 950,272 in June 2016.
What is the rent for unit 503?
AED 66,169 a year on the contract renewed on 15 October 2023. The previous contract, from October 2022, was AED 63,000; the unit has been rented since October 2018.
How big is unit 503?
1,280 sqft (118.9 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2016.
What is unit 503 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 503, Le Presidium 2
Starts from the last sale price (AED 1.06M, 5 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,060,000
- Deposit, UAE resident (20%)
- AED 212,000
- Deposit, non-resident (40%)
- AED 424,000
- Monthly over 25 years at 3.7%
- AED 4,337
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →