1-bed · 773 sqftRuby Residence, Dubai Silicon Oasis · 3rd floor · completed 2010

307, Ruby Residence

Sold prices and rental history: sold 4 times, last in October 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 4 October 2024
Last soldAED 480K24 October 2023
Current rentAED 15K /yr4 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Ruby Residence

What is 307 worth today?

Last sold for AED 480,000 in 2023

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4 Oct 2024RentedNew contract
AED 15,000/yr12 months · AED 19 per sqft
24 Oct 2023SoldReady
AED 480,000AED 1,242 per sqft
24 Oct 2023RentedNew contract
AED 42,637/yr11 months · AED 55 per sqft
3 Oct 2023RentedRenewal
AED 40,150/yr12 months · AED 53 per sqft
3 Oct 2022RentedRenewal
AED 36,500/yr12 months · AED 48 per sqft
3 Oct 2021RentedRenewal
AED 34,000/yr12 months · AED 44 per sqft
3 Oct 2020RentedRenewal
AED 36,000/yr12 months · AED 47 per sqft
3 Oct 2019RentedNew contract
AED 42,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 4 October 2024.

Key facts

Type
1-bed apartment
Size
773 sqft
Floor
3rd of 8
Parking
G - 98
Developer
Deyaar
Completed
2010
Service charge
AED 10,900 /yr
Last sold
AED 480K · October 2023

About 307, Ruby Residence

307 is a one-bedroom apartment of 773 sqft on the 3rd floor of Ruby Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Deyaar. It last sold on 24 October 2023 for AED 480,000, or AED 1,242 per sqft, 121% above the AED 563 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 12 Ejari contracts. The current contract, signed on 4 October 2024, is AED 15,000 a year: a gross yield of 3.1% on the 2023 price, before the service charge of about AED 10,900 a year.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical one-bed in Ruby Residence
500K1M2009201420192024Typical sale price by year: 2009 AED 1,008,462; 2010 AED 741,795; 2011 AED 800,211; 2014 AED 786,192; 2015 AED 767,794; 2016 AED 678,422; 2017 AED 704,975; 2018 AED 647,655; 2019 AED 510,279; 2020 AED 390,000; 2021 AED 350,000; 2022 AED 382,500; 2023 AED 450,000; 2024 AED 550,000; 2025 AED 652,500; 2026 AED 740,000Sold by developer, June 2009: AED 1,048,958 (AED 1,357 per sqft)Sold, May 2014: AED 1,098,958 (AED 1,422 per sqft)Sold, December 2014: AED 670,000 (AED 867 per sqft)Sold, October 2023: AED 480,000 (AED 1,242 per sqft)

307 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 307, each contractTypical one-bed in Ruby Residence
25K50K2012201620202024Typical rent by year: 2012 AED 36,000; 2013 AED 40,000; 2014 AED 44,000; 2015 AED 50,000; 2016 AED 53,250; 2017 AED 54,000; 2018 AED 51,000; 2019 AED 42,000; 2020 AED 36,000; 2021 AED 32,000; 2022 AED 35,100; 2023 AED 40,175; 2024 AED 48,000; 2025 AED 53,120; 2026 AED 55,000New contract, April 2015: AED 65,000 a yearNew contract, April 2017: AED 58,000 a yearNew contract, April 2018: AED 50,000 a yearRenewal, April 2018: AED 58,000 a yearRenewal, April 2019: AED 42,000 a yearNew contract, October 2019: AED 42,000 a yearRenewal, October 2020: AED 36,000 a yearRenewal, October 2021: AED 34,000 a yearRenewal, October 2022: AED 36,500 a yearNew contract, October 2023: AED 42,637 a yearRenewal, October 2023: AED 40,150 a yearNew contract, October 2024: AED 15,000 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 Ruby Residence, and where 307 sits

All 103 1-beds →

307 last sold in October 2023 at AED 1,242 per sqft, 121% above what one-beds in Ruby Residence were fetching at the time (AED 563). Over the last 12 months one-beds sold for AED 690,000 to 800,000, around AED 957 per sqft, and rent for AED 43,832 to 81,600 a year. 307's AED 15,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Oct 2026690,000
8 Jul 2026740,000
26 Jun 2026720,000
21 May 2026760,000
7 1-bed sales in the last 12 months

Ruby Residence

Building

137 apartments, 1-bed to 3-bed over 8 floors in Dubai Silicon Oasis, completed in 2010 by Deyaar. 8 sold in the last 12 months.

Typical price per sqft
AED 964
Typical sale
AED 745K
Typical rent
AED 58K /yr
Typical yield
7.5%
Ruby Residence, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 3rd floor

All 137 units in Ruby Residence
Value
3021-bedAED 769K · Jun 2015
3031-bedAED 645K · Jun 2025
3041-bedAED 605K · Jul 2024
3051-bedAED 671K · Nov 2016
3061-bedAED 415K · Nov 2022
3081-bedAED 300K · Jan 2021
3091-bedAED 600K · Jun 2024
1–7 of 18

307, Ruby Residence in numbers

  • Sold 4 times: first on 14 June 2009 for AED 1,048,958, last on 24 October 2023 for AED 480,000 (AED 1,242 per sqft).
  • Rented since April 2015 on 12 Ejari contracts, from AED 65,000 to AED 15,000 a year.
  • At AED 15,000 a year the gross yield on the 2023 price is 3.1%, before a service charge of about AED 10,900 a year (AED 14.17 per sqft).
  • One-beds in Ruby Residence sold for AED 690,000–800,000 in the 12 months to November 2026; the building's median across all types is AED 964 per sqft.

Source: Dubai Land Department. Updated 4 October 2024.

Questions about 307, Ruby Residence

What did unit 307 last sell for?

AED 480,000 on 24 October 2023: AED 1,242 per sqft for 773 sqft. The unit has 4 registered sales; the first was AED 1,048,958 in June 2009.

What is the rent for unit 307?

AED 15,000 a year on the contract signed on 4 October 2024. The previous contract, from October 2023, was AED 42,637; the unit has been rented since April 2015.

How big is unit 307?

773 sqft (71.8 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2010.

What is unit 307 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ruby Residence sold for AED 690,000 to 800,000 in the last 12 months, around AED 957 per sqft.

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Mortgage on 307, Ruby Residence

Starts from the last sale price (AED 480K, 24 October 2023). 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 →