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

707, Ruby Residence

Sold prices and rental history: sold 3 times, last in October 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 707 · DLD and Ejari recordsUpdated 6 October 2022
Last soldAED 720K6 October 2022
Current rentAED 52K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 707, Ruby Residence

What is 707 worth today?

Last sold for AED 720,000 in 2022

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6 Oct 2022SoldReady
AED 720,000AED 646 per sqft
1 Oct 2021RentedRenewal
AED 52,000/yr12 months · AED 47 per sqft
1 Oct 2020RentedRenewal
AED 53,000/yr12 months · AED 48 per sqft
1 Oct 2019RentedNew contract
AED 60,000/yr12 months · AED 54 per sqft
22 May 2018RentedRenewal
AED 75,000/yr12 months · AED 68 per sqft
24 May 2017SoldReady
AED 400,000AED 718 per sqft
22 May 2017RentedNew contract
AED 85,000/yr12 months · AED 77 per sqft
1 Apr 2016RentedRenewal
AED 77,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 6 October 2022.

Key facts

Type
2-bed apartment
Size
1,113 sqft
Floor
7th of 8
Parking
G - 174 , 175
Developer
Deyaar
Completed
2010
Service charge
AED 15,800 /yr
Last sold
AED 720K · October 2022
Building
Ruby Residence

About 707, Ruby Residence

707 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. It last sold on 6 October 2022 for AED 720,000, or AED 646 per sqft.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 1 October 2021, is AED 52,000 a year: a gross yield of 7.2% on the 2022 price, before the service charge of about AED 15,800 a year.

Sales and rents for 707 over time

Sales
Unit 707, each saleTypical two-bed in Ruby Residence
1M2009201420192024Typical 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, February 2016: AED 1,136,447 (AED 1,021 per sqft)Sold, May 2017: AED 400,000 (AED 718 per sqft)Sold, October 2022: AED 720,000 (AED 646 per sqft)

707 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 707, each contractTypical two-bed in Ruby Residence
60K80K2013201720212025Typical 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, April 2015: AED 74,000 a yearRenewal, April 2016: AED 77,000 a yearNew contract, May 2017: AED 85,000 a yearRenewal, May 2018: AED 75,000 a yearNew contract, October 2019: AED 60,000 a yearRenewal, October 2020: AED 53,000 a yearRenewal, October 2021: AED 52,000 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 707 sits

All 24 2-beds →

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. 707's AED 52,000 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
7032-bedAED 981K · Aug 2017
7042-bedAED 910K · Jan 2024
7052-bedAED 1.1M · Dec 2016
7062-bedAED 1.22M · Apr 2026
7082-bedAED 533K · Apr 2018
1–7 of 13

707, Ruby Residence in numbers

  • Sold 3 times: first on 23 February 2016 for AED 1,136,447, last on 6 October 2022 for AED 720,000 (AED 646 per sqft).
  • Rented since April 2015 on 7 Ejari contracts, from AED 74,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2022 price is 7.2%, 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 6 October 2022.

Questions about 707, Ruby Residence

What did unit 707 last sell for?

AED 720,000 on 6 October 2022: AED 646 per sqft for 1,113 sqft. The unit has 3 registered sales; the first was AED 1,136,447 in February 2016.

What is the rent for unit 707?

AED 52,000 a year on the contract renewed on 1 October 2021. The previous contract, from October 2020, was AED 53,000; the unit has been rented since April 2015.

How big is unit 707?

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 707 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 707, Ruby Residence

Starts from the last sale price (AED 720K, 6 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 720,000
Deposit, UAE resident (20%)
AED 144,000
Deposit, non-resident (40%)
AED 288,000
Monthly over 25 years at 3.7%
AED 2,946

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