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1-bed · 804 sqftPark Terrace, Dubai Silicon Oasis · 7th floor · completed 2010

701, Park Terrace

Sold prices and rental history: sold 3 times, last in December 2019, and rented once, from October 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 26 December 2019
Last soldAED 480K26 December 2019
Current rentAED 50K /yr1 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, Park Terrace

What is 701 worth today?

Last sold for AED 480,000 in 2019

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26 Dec 2019SoldReady
AED 480,000AED 597 per sqft
1 Oct 2018RentedNew contract
AED 49,866/yr12 months · AED 62 per sqft
21 Mar 2017SoldReady
AED 640,000AED 796 per sqft
15 Feb 2012Sold by developerReady
AED 566,820AED 705 per sqft

Source: Dubai Land Department. Updated 26 December 2019.

Key facts

Type
1-bed apartment
Size
804 sqft
Floor
7th of 11
Parking
B2/17
Developer
Madison Holdingo
Completed
2010
Service charge
AED 10,700 /yr
Last sold
AED 480K · December 2019
Building
Park Terrace

About 701, Park Terrace

701 is a one-bedroom apartment of 804 sqft on the 7th floor of Park Terrace, a 11-storey tower in Dubai Silicon Oasis completed in 2010 by Madison Holdingo. It last sold on 26 December 2019 for AED 480,000, or AED 597 per sqft, in line with the AED 591 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2018. The current contract, signed on 1 October 2018, is AED 49,866 a year: a gross yield of 10.4% on the 2019 price, before the service charge of about AED 10,700 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical one-bed in Park Terrace
400K600K800K2010201520202025Typical sale price by year: 2010 AED 581,608; 2011 AED 451,306; 2012 AED 547,060; 2013 AED 607,846; 2014 AED 519,225; 2015 AED 607,570; 2016 AED 580,600; 2017 AED 640,000; 2018 AED 490,000; 2019 AED 475,000; 2021 AED 317,102; 2023 AED 437,500; 2024 AED 555,000; 2025 AED 690,000; 2026 AED 730,000Sold by developer, February 2012: AED 566,820 (AED 705 per sqft)Sold, March 2017: AED 640,000 (AED 796 per sqft)Sold, December 2019: AED 480,000 (AED 597 per sqft)

701 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 701, each contractTypical one-bed in Park Terrace
40K60K2012201620202024Typical rent by year: 2012 AED 44,000; 2013 AED 53,000; 2014 AED 60,000; 2015 AED 70,000; 2016 AED 64,000; 2017 AED 60,000; 2018 AED 50,500; 2019 AED 43,000; 2020 AED 35,000; 2021 AED 30,000; 2022 AED 38,750; 2023 AED 55,000; 2024 AED 61,000; 2025 AED 70,000; 2026 AED 61,450New contract, October 2018: AED 49,866 a year

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

1-beds in Park Terrace, and where 701 sits

All 49 1-beds →

701 last sold in December 2019 at AED 597 per sqft, in line with what one-beds in Park Terrace were fetching at the time (AED 591). Over the last 12 months one-beds sold for AED 720,000 to 800,000, around AED 883 per sqft, and rent for AED 30,000 to 143,000 a year. 701's AED 49,866 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 May 2026720,000
17 Feb 2026800,000
19 Jan 2026730,000
24 Sep 2025700,000
3 1-bed sales in the last 12 months

Park Terrace

Building

94 apartments, studios to 3-bed over 11 floors in Dubai Silicon Oasis, completed in 2010 by Madison Holdingo. 9 sold in the last 12 months.

Typical price per sqft
AED 883
Typical sale
AED 1.2M
Typical rent
AED 73K /yr
Typical yield
8.2%
Park Terrace, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 94 units in Park Terrace
Value
7022-bedAED 840K · Sep 2023
7032-bedAED 1.19M · Apr 2014
7041-bedAED 650K · Jan 2025
7051-bedAED 800K · Feb 2026
7062-bedAED 960K · May 2010
7072-bedAED 800K · Apr 2024

701, Park Terrace in numbers

  • Sold 3 times: first on 15 February 2012 for AED 566,820, last on 26 December 2019 for AED 480,000 (AED 597 per sqft).
  • Rented since October 2018 on one Ejari contract, at AED 49,866 a year.
  • At AED 49,866 a year the gross yield on the 2019 price is 10.4%, before a service charge of about AED 10,700 a year (AED 13.33 per sqft).
  • One-beds in Park Terrace sold for AED 720,000–800,000 in the 12 months to November 2026; the building's median across all types is AED 883 per sqft.

Source: Dubai Land Department. Updated 26 December 2019.

Questions about 701, Park Terrace

What did unit 701 last sell for?

AED 480,000 on 26 December 2019: AED 597 per sqft for 804 sqft. The unit has 3 registered sales; the first was AED 566,820 in February 2012.

What is the rent for unit 701?

AED 49,866 a year on the contract signed on 1 October 2018.

How big is unit 701?

804 sqft (74.7 sqm): a one-bedroom apartment on the 7th floor of a 11-storey tower completed in 2010.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Terrace sold for AED 720,000 to 800,000 in the last 12 months, around AED 883 per sqft.

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Mortgage on 701, Park Terrace

Starts from the last sale price (AED 480K, 26 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

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