706, Park Terrace
Sold prices and rental history: sold once, by the developer in May 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Park Terrace
What is 706 worth today?
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Source: Dubai Land Department. Updated 18 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 7th of 11
- Parking
- B2/20
- Developer
- Madison Holdingo
- Completed
- 2010
- Service charge
- AED 19,400 /yr
- Last sold
- AED 960K · May 2010
- Building
- Park Terrace
About 706, Park Terrace
706 is a two-bedroom apartment of 1,452 sqft on the 7th floor of Park Terrace, a 11-storey tower in Dubai Silicon Oasis completed in 2010 by Madison Holdingo. The developer sold it on 20 May 2010 for AED 959,772, or AED 660 per sqft.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 18 March 2024, is AED 60,500 a year: a gross yield of 6.3% on the 2010 price, before the service charge of about AED 19,400 a year.
Sales and rents for 706 over time
706 has sold once; 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 706 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. 706's AED 60,500 is in the lower half 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 | |
| 702 | 2-bed | 1,449 sqft | AED 840KAED 840,000 · Sep 2023September 2023 | 56,000 /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 | ||
| 707 | 2-bed | 1,456 sqft | AED 800KAED 800,000 · Apr 2024April 2024 | 90,000 /yr |
706, Park Terrace in numbers
- Sold once: by Madison Holdingo on 20 May 2010 for AED 959,772, or AED 660 per sqft.
- Rented since June 2013 on 9 Ejari contracts. The rent fell from AED 65,000 to AED 46,000 in 2021 and recovered to AED 60,500 by March 2024.
- At AED 60,500 a year the gross yield on the 2010 price is 6.3%, before a service charge of about AED 19,400 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 18 March 2024.
Questions about 706, Park Terrace
What did unit 706 last sell for?
AED 959,772 on 20 May 2010, sold by the developer: AED 660 per sqft for 1,452 sqft. It is the only registered sale of the unit.
What is the rent for unit 706?
AED 60,500 a year on the contract signed on 18 March 2024. The previous contract, from March 2021, was AED 46,000; the unit has been rented since June 2013.
How big is unit 706?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2010.
What is unit 706 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 706, Park Terrace
Starts from the last sale price (AED 960K, 20 May 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 959,772
- Deposit, UAE resident (20%)
- AED 191,954
- Deposit, non-resident (40%)
- AED 383,909
- Monthly over 25 years at 3.7%
- AED 3,927
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →