702, Park Terrace
Sold prices and rental history: sold 3 times, last in September 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Park Terrace
What is 702 worth today?
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Source: Dubai Land Department. Updated 19 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,449 sqft
- Floor
- 7th of 11
- Parking
- B3/13
- Developer
- Madison Holdingo
- Completed
- 2010
- Service charge
- AED 19,300 /yr
- Last sold
- AED 840K · September 2023
- Building
- Park Terrace
About 702, Park Terrace
702 is a two-bedroom apartment of 1,449 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 19 September 2023 for AED 840,000, or AED 579 per sqft.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 1 March 2021, is AED 56,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 19,300 a year.
Sales and rents for 702 over time
702 has sold 3 times; 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 Park Terrace, and where 702 sits
All 28 2-beds →Over the last 12 months two-beds sold for AED 1,200,000 to 1,600,000, around AED 879 per sqft, and rent for AED 57,750 to 145,000 a year. 702's AED 56,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Aug 20266 August 2026 | 1,426 sqft | 1,200,000 | 841 | ||
| 3 Aug 20263 August 2026 | 1,449 sqft | 1,600,000 | 1,104 | ||
| 13 Apr 202613 April 2026 | 1,452 sqft | 1,500,000 | 1,033 | ||
| 14 Jan 202614 January 2026 | 1,449 sqft | 1,275,000 | 879 |
Park Terrace
Building94 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%
Other units on the 7th floor
All 94 units in Park Terrace| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 804 sqft | AED 480KAED 480,000 · Dec 2019December 2019 | 49,866 /yr | |
| 703 | 2-bed | 1,426 sqft | AED 1.19MAED 1,190,000 · Apr 2014April 2014 | 73,500 /yr | |
| 704 | 1-bed | 906 sqft | AED 650KAED 650,000 · Jan 2025January 2025 | 62,000 /yr | |
| 705 | 1-bed | 906 sqft | AED 800KAED 800,000 · Feb 2026February 2026 | ||
| 706 | 2-bed | 1,452 sqft | AED 960KAED 959,772 · May 2010May 2010 | 60,500 /yr | |
| 707 | 2-bed | 1,456 sqft | AED 800KAED 800,000 · Apr 2024April 2024 | 90,000 /yr |
702, Park Terrace in numbers
- Sold 3 times: first on 3 April 2012 for AED 675,000, last on 19 September 2023 for AED 840,000 (AED 579 per sqft).
- Rented since August 2014 on 5 Ejari contracts, from AED 100,000 to AED 56,000 a year.
- At AED 56,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 19,300 a year (AED 13.33 per sqft).
- Two-beds in Park Terrace sold for AED 1,200,000–1,600,000 in the 12 months to November 2026; the building's median across all types is AED 883 per sqft.
Source: Dubai Land Department. Updated 19 September 2023.
Questions about 702, Park Terrace
What did unit 702 last sell for?
AED 840,000 on 19 September 2023: AED 579 per sqft for 1,449 sqft. The unit has 3 registered sales; the first was AED 675,000 in April 2012.
What is the rent for unit 702?
AED 56,000 a year on the contract renewed on 1 March 2021. The previous contract, from March 2020, was AED 62,000; the unit has been rented since August 2014.
How big is unit 702?
1,449 sqft (134.6 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2010.
What is unit 702 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Terrace sold for AED 1,200,000 to 1,600,000 in the last 12 months, around AED 879 per sqft.
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Mortgage on 702, Park Terrace
Starts from the last sale price (AED 840K, 19 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 840,000
- Deposit, UAE resident (20%)
- AED 168,000
- Deposit, non-resident (40%)
- AED 336,000
- Monthly over 25 years at 3.7%
- AED 3,437
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →