1-bed · 777 sqftRuby Residence, Dubai Silicon Oasis · 3rd floor · completed 2010

312, Ruby Residence

Sold prices and rental history: sold 4 times, last in May 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 14 June 2024
Last soldAED 550K6 May 2024
Current rentAED 46K /yr14 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 312, Ruby Residence

What is 312 worth today?

Last sold for AED 550,000 in 2024

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14 Jun 2024RentedRenewal
AED 46,058/yr11 months · AED 59 per sqft
6 May 2024SoldReady
AED 550,000AED 707 per sqft
11 Jan 2024SoldReady
AED 435,000AED 559 per sqft
15 Jun 2023RentedNew contract
AED 46,000/yr12 months · AED 59 per sqft
2 Sep 2021SoldReady
AED 350,000AED 450 per sqft
13 Feb 2017Sold by developerReady
AED 803,194AED 1,033 per sqft
1 Sep 2014RentedNew contract
AED 50,400/yr12 months · AED 65 per sqft
1 Sep 2013RentedNew contract
AED 48,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 14 June 2024.

Key facts

Type
1-bed apartment
Size
777 sqft
Floor
3rd of 8
Parking
B - 65
Developer
Deyaar
Completed
2010
Service charge
AED 11,000 /yr
Last sold
AED 550K · May 2024

About 312, Ruby Residence

312 is a one-bedroom apartment of 777 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 6 May 2024 for AED 550,000, or AED 707 per sqft, 16% above the AED 612 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 14 June 2024, is AED 46,058 a year: a gross yield of 8.4% on the 2024 price, before the service charge of about AED 11,000 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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, February 2017: AED 803,194 (AED 1,033 per sqft)Sold, September 2021: AED 350,000 (AED 450 per sqft)Sold, January 2024: AED 435,000 (AED 559 per sqft)Sold, May 2024: AED 550,000 (AED 707 per sqft)

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

Rents
Unit 312, each contractTypical one-bed in Ruby Residence
40K2012201620202024Typical 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, September 2013: AED 48,000 a yearNew contract, September 2014: AED 50,400 a yearNew contract, June 2023: AED 46,000 a yearRenewal, June 2024: AED 46,058 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 312 sits

All 103 1-beds →

312 last sold in May 2024 at AED 707 per sqft, 16% above what one-beds in Ruby Residence were fetching at the time (AED 612). 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. 312's AED 46,058 is in the lower half 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
3071-bedAED 480K · Oct 2023
3081-bedAED 300K · Jan 2021
1–7 of 18

312, Ruby Residence in numbers

  • Sold 4 times: first on 13 February 2017 for AED 803,194, last on 6 May 2024 for AED 550,000 (AED 707 per sqft).
  • Rented since September 2013 on 4 Ejari contracts, from AED 48,000 to AED 46,058 a year.
  • At AED 46,058 a year the gross yield on the 2024 price is 8.4%, before a service charge of about AED 11,000 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 14 June 2024.

Questions about 312, Ruby Residence

What did unit 312 last sell for?

AED 550,000 on 6 May 2024: AED 707 per sqft for 777 sqft. The unit has 4 registered sales; the first was AED 803,194 in February 2017.

What is the rent for unit 312?

AED 46,058 a year on the contract renewed on 14 June 2024. The previous contract, from June 2023, was AED 46,000; the unit has been rented since September 2013.

How big is unit 312?

777 sqft (72.2 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2010.

What is unit 312 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 312, Ruby Residence

Starts from the last sale price (AED 550K, 6 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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