Studio · 523 sqftMillenium Tower by Uniestate, Dubai Silicon Oasis · 4th floor · completed 2012

407, Millenium Tower by Uniestate

Sold prices and rental history: sold once, by the developer in January 2026, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 15 January 2026
Last soldAED 654K15 January 2026
Current rentAED 49K /yr9 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Millenium Tower by Uniestate

What is 407 worth today?

Last sold for AED 653,775 in 2026

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15 Jan 2026Sold by developerReady
AED 653,775AED 1,250 per sqft
9 May 2025RentedNew contract
AED 49,000/yr12 months · AED 94 per sqft
1 Sep 2023RentedRenewal · flagged as an outlier
AED 7,000/yr12 months · AED 13 per sqft
1 Sep 2022RentedRenewal · flagged as an outlier
AED 7,000/yr12 months · AED 13 per sqft
1 Aug 2021RentedRenewal · flagged as an outlier
AED 7,000/yr13 months · AED 13 per sqft
1 Aug 2020RentedNew contract
AED 33,000/yr12 months · AED 63 per sqft
27 Sep 2018RentedNew contract
AED 40,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 15 January 2026.

Key facts

Type
Studio apartment
Size
523 sqft
Floor
4th of 9
Parking
B-44
Developer
Uniestate Properties
Completed
2012
Last sold
AED 654K · January 2026

About 407, Millenium Tower by Uniestate

407 is a studio of 523 sqft on the 4th floor of Millenium Tower by Uniestate, a 9-storey tower in Dubai Silicon Oasis completed in 2012 by Uniestate Properties. The developer sold it on 15 January 2026 for AED 653,775, or AED 1,250 per sqft, in line with the AED 1,250 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 9 May 2025, is AED 49,000 a year: a gross yield of 7.5% on the 2026 price.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical studio in Millenium Tower by Uniestate
400K600K2018202120242027Typical sale price by year: 2018 AED 294,000; 2019 AED 299,000; 2022 AED 270,000; 2023 AED 280,000; 2024 AED 427,500; 2025 AED 535,955; 2026 AED 653,238Sold by developer, January 2026: AED 653,775 (AED 1,250 per sqft)

407 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 407, each contractTypical studio in Millenium Tower by Uniestate
20K40K2018202120242027Typical rent by year: 2018 AED 34,000; 2019 AED 29,460; 2020 AED 25,000; 2021 AED 21,000; 2022 AED 24,000; 2023 AED 29,850; 2024 AED 33,000; 2025 AED 40,000; 2026 AED 42,000New contract, September 2018: AED 40,000 a yearNew contract, August 2020: AED 33,000 a yearNew contract, May 2025: AED 49,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Millenium Tower by Uniestate, and where 407 sits

All 90 studios →

407 last sold in January 2026 at AED 1,250 per sqft, in line with what studios in Millenium Tower by Uniestate were fetching at the time (AED 1,250). Over the last 12 months studios sold for AED 367,000 to 653,775, around AED 1,250 per sqft, and rent for AED 20,000 to 65,000 a year. 407's AED 49,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Jul 2026557,635
18 May 2026653,775
2 May 2026653,238
9 Mar 2026522,000
7 studio sales in the last 12 months

Millenium Tower by Uniestate

Building

126 apartments, studios to 1-bed over 9 floors in Dubai Silicon Oasis, completed in 2012 by Uniestate Properties. 23 sold in the last 12 months.

Typical price per sqft
AED 1,052 Up 2.2%
Typical sale
AED 1.16M
Typical rent
AED 44K /yr
Typical yield
10.1%
Millenium Tower by Uniestate, Dubai Silicon Oasis: prices, sales and rents →
Value
4011-bedAED 1.3M · Aug 2025
402StudioAED 270K · Dec 2022
403StudioAED 310K · Feb 2019
404StudioAED 270K · Jan 2023
405StudioAED 270K · Dec 2022
4061-bedAED 1.14M · Aug 2025
408StudioAED 480K · Mar 2025
1–7 of 13

407, Millenium Tower by Uniestate in numbers

  • Sold once: by Uniestate Properties on 15 January 2026 for AED 653,775, or AED 1,250 per sqft.
  • Rented since September 2018 on 6 Ejari contracts. The rent fell from AED 40,000 to AED 7,000 in 2023 and recovered to AED 49,000 by May 2025.
  • At AED 49,000 a year the gross yield on the 2026 price is 7.5%.
  • Studios in Millenium Tower by Uniestate sold for AED 367,000–653,775 in the 12 months to November 2026; the building's median across all types is AED 1,052 per sqft.

Source: Dubai Land Department. Updated 15 January 2026.

Questions about 407, Millenium Tower by Uniestate

What did unit 407 last sell for?

AED 653,775 on 15 January 2026, sold by the developer: AED 1,250 per sqft for 523 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 49,000 a year on the contract signed on 9 May 2025. The previous contract, from September 2023, was AED 7,000; the unit has been rented since September 2018.

How big is unit 407?

523 sqft (48.6 sqm): a studio on the 4th floor of a 9-storey tower completed in 2012.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Millenium Tower by Uniestate sold for AED 367,000 to 653,775 in the last 12 months, around AED 1,250 per sqft.

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Mortgage on 407, Millenium Tower by Uniestate

Starts from the last sale price (AED 654K, 15 January 2026). Switch to today's estimate once you have unlocked it.
Price
AED 653,775
Deposit, UAE resident (20%)
AED 130,755
Deposit, non-resident (40%)
AED 261,510
Monthly over 25 years at 3.7%
AED 2,675

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