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2-bed · 1,113 sqftRuby Residence, Dubai Silicon Oasis · 7th floor · completed 2010

703, Ruby Residence

Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 15 September 2017
Last soldAED 981K15 August 2017
Current rentAED 70K /yr15 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Ruby Residence

What is 703 worth today?

Last sold for AED 980,544 in 2017

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15 Sep 2017RentedRenewal
AED 70,036/yr12 months · AED 63 per sqft
15 Aug 2017Sold by developerReady
AED 980,544AED 880 per sqft
8 Sep 2016RentedRenewal
AED 65,429/yr12 months · AED 59 per sqft
8 Sep 2015RentedRenewal
AED 63,525/yr12 months · AED 57 per sqft
8 Sep 2014RentedNew contract
AED 42,000/yr12 months · AED 38 per sqft

Source: Dubai Land Department. Updated 15 September 2017.

Key facts

Type
2-bed apartment
Size
1,113 sqft
Floor
7th of 8
Parking
B - 76 , 48
Developer
Deyaar
Completed
2010
Service charge
AED 15,800 /yr
Last sold
AED 981K · August 2017
Building
Ruby Residence

About 703, Ruby Residence

703 is a two-bedroom apartment of 1,113 sqft on the 7th floor of Ruby Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Deyaar. The developer sold it on 15 August 2017 for AED 980,544, or AED 880 per sqft, 5% above the AED 841 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 15 September 2017, is AED 70,036 a year: a gross yield of 7.1% on the 2017 price, before the service charge of about AED 15,800 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical two-bed in Ruby Residence
500K1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,592,690; 2014 AED 1,267,080; 2015 AED 1,000,000; 2016 AED 944,108; 2017 AED 543,156; 2018 AED 835,793; 2022 AED 700,000; 2025 AED 1,200,000Sold by developer, August 2017: AED 980,544 (AED 880 per sqft)

703 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 703, each contractTypical two-bed in Ruby Residence
40K60K80K2013201720212025Typical rent by year: 2013 AED 56,500; 2014 AED 57,750; 2015 AED 65,000; 2016 AED 70,340; 2017 AED 75,500; 2018 AED 71,500; 2019 AED 65,000; 2020 AED 57,000; 2021 AED 54,000; 2022 AED 60,450; 2023 AED 65,000; 2024 AED 73,500; 2025 AED 84,000; 2026 AED 85,000New contract, September 2014: AED 42,000 a yearRenewal, September 2015: AED 63,525 a yearRenewal, September 2016: AED 65,429 a yearRenewal, September 2017: AED 70,036 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Ruby Residence, and where 703 sits

All 24 2-beds →

703 last sold in August 2017 at AED 880 per sqft, 5% above what two-beds in Ruby Residence were fetching at the time (AED 841). Over the last 12 months two-beds sold for AED 1,215,000, around AED 1,091 per sqft, and rent for AED 80,000 to 237,744 a year. 703's AED 70,036 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Apr 20261,215,000
27 Aug 20251,200,000
14 Feb 20251,050,000
7 Feb 20251,265,000
1 2-bed sale 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 7th floor

All 137 units in Ruby Residence
Value
7012-bedAED 1.13M · Jul 2015
7022-bedAED 981K · Jan 2017
7042-bedAED 910K · Jan 2024
7052-bedAED 1.1M · Dec 2016
7062-bedAED 1.22M · Apr 2026
7072-bedAED 720K · Oct 2022
7082-bedAED 533K · Apr 2018
1–7 of 13

703, Ruby Residence in numbers

  • Sold once: by Deyaar on 15 August 2017 for AED 980,544, or AED 880 per sqft.
  • Rented since September 2014 on 4 Ejari contracts, from AED 42,000 to AED 70,036 a year.
  • At AED 70,036 a year the gross yield on the 2017 price is 7.1%, before a service charge of about AED 15,800 a year (AED 14.17 per sqft).
  • Two-beds in Ruby Residence sold for AED 1,215,000–1,215,000 in the 12 months to November 2026; the building's median across all types is AED 964 per sqft.

Source: Dubai Land Department. Updated 15 September 2017.

Questions about 703, Ruby Residence

What did unit 703 last sell for?

AED 980,544 on 15 August 2017, sold by the developer: AED 880 per sqft for 1,113 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 70,036 a year on the contract renewed on 15 September 2017. The previous contract, from September 2016, was AED 65,429; the unit has been rented since September 2014.

How big is unit 703?

1,113 sqft (103.4 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ruby Residence sold for AED 1,215,000 to 1,215,000 in the last 12 months, around AED 1,091 per sqft.

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Mortgage on 703, Ruby Residence

Starts from the last sale price (AED 981K, 15 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 980,544
Deposit, UAE resident (20%)
AED 196,109
Deposit, non-resident (40%)
AED 392,218
Monthly over 25 years at 3.7%
AED 4,012

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