508, Ruby Residence
Sold prices and rental history: sold twice, last in November 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 508, Ruby Residence
What is 508 worth today?
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Source: Dubai Land Department. Updated 8 November 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 773 sqft
- Floor
- 5th of 8
- Parking
- B - 69
- Developer
- Deyaar
- Completed
- 2010
- Service charge
- AED 10,900 /yr
- Last sold
- AED 473K · November 2023
- Building
- Ruby Residence
About 508, Ruby Residence
508 is a one-bedroom apartment of 773 sqft on the 5th floor of Ruby Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Deyaar. It last sold on 8 November 2023 for AED 473,000, or AED 612 per sqft, 9% above the AED 563 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 May 2019, is AED 42,000 a year: a gross yield of 8.9% on the 2023 price, before the service charge of about AED 10,900 a year.
Sales and rents for 508 over time
508 has sold twice; the dashed line is the one-bed median of each year in the building.
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 508 sits
All 103 1-beds →508 last sold in November 2023 at AED 612 per sqft, 9% 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. 508's AED 42,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Oct 202627 October 2026 | 773 sqft | 690,000 | 892 | ||
| 8 Jul 20268 July 2026 | 773 sqft | 740,000 | 957 | ||
| 26 Jun 202626 June 2026 | 777 sqft | 720,000 | 926 | ||
| 21 May 202621 May 2026 | 773 sqft | 760,000 | 983 |
Ruby Residence
Building137 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%
Other units on the 5th floor
All 137 units in Ruby Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 779 sqft | AED 811KAED 811,054 · Apr 2018April 2018 | 45,000 /yr | |
| 502 | 1-bed | 773 sqft | AED 385KAED 385,000 · Jan 2017January 2017 | 60,500 /yr | |
| 503 | 1-bed | 773 sqft | AED 580KAED 580,000 · Aug 2016August 2016 | 60,000 /yr | |
| 504 | 1-bed | 773 sqft | AED 300KAED 300,000 · Mar 2023March 2023 | 59,000 /yr | |
| 505 | 1-bed | 773 sqft | AED 957KAED 957,334 · Aug 2015August 2015 | 55,000 /yr | |
| 506 | 1-bed | 779 sqft | AED 670KAED 670,000 · Jul 2025July 2025 | 63,000 /yr | |
| 507 | 1-bed | 773 sqft | AED 800KAED 800,000 · Nov 2025November 2025 | 54,000 /yr | |
| 509 | 1-bed | 385 sqft | AED 250KAED 250,000 · Jan 2019January 2019 | 80,000 /yr | |
| 510 | 1-bed | 773 sqft | AED 825KAED 825,314 · Oct 2017October 2017 | 32,000 /yr | |
| 511 | 1-bed | 773 sqft | AED 580KAED 580,000 · Mar 2017March 2017 | 52,500 /yr | |
| 512 | 1-bed | 777 sqft | AED 430KAED 430,000 · Jul 2019July 2019 | 50,820 /yr | |
| 513 | 1-bed | 773 sqft | AED 755KAED 754,967 · May 2016May 2016 | 32,000 /yr | |
| 514 | 1-bed | 773 sqft | AED 703KAED 703,193 · Nov 2016November 2016 | 52,500 /yr | |
| 515 | 1-bed | 777 sqft | AED 705KAED 704,975 · Oct 2016October 2016 | 54,000 /yr | |
| 516 | 1-bed | 773 sqft | AED 331KAED 331,166 · Nov 2016November 2016 | 55,000 /yr | |
| 517 | 1-bed | 773 sqft | AED 662KAED 662,332 · Jan 2017January 2017 | 45,000 /yr | |
| 518 | 1-bed | 773 sqft | AED 662KAED 662,238 · Jan 2017January 2017 | 60,000 /yr | |
| 519 | 1-bed | 773 sqft | AED 725KAED 724,930 · Jan 2017January 2017 | 65,100 /yr | |
| 520 | 1-bed | 773 sqft | AED 600KAED 600,000 · Jun 2016June 2016 | 59,000 /yr |
508, Ruby Residence in numbers
- Sold twice: first on 10 September 2017 for AED 695,196, last on 8 November 2023 for AED 473,000 (AED 612 per sqft).
- Rented since July 2014 on 8 Ejari contracts, from AED 41,400 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2023 price is 8.9%, 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 8 November 2023.
Questions about 508, Ruby Residence
What did unit 508 last sell for?
AED 473,000 on 8 November 2023: AED 612 per sqft for 773 sqft. The unit has 2 registered sales; the first was AED 695,196 in September 2017.
What is the rent for unit 508?
AED 42,000 a year on the contract signed on 1 May 2019. The previous contract, from August 2018, was AED 51,000; the unit has been rented since July 2014.
How big is unit 508?
773 sqft (71.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2010.
What is unit 508 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 508, Ruby Residence
Starts from the last sale price (AED 473K, 8 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 473,000
- Deposit, UAE resident (20%)
- AED 94,600
- Deposit, non-resident (40%)
- AED 189,200
- Monthly over 25 years at 3.7%
- AED 1,935
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →