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

712, Ruby Residence

Sold prices and rental history: sold twice, last in May 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 712 · DLD and Ejari recordsUpdated 20 May 2020
Last soldAED 550K20 May 2020
Current rentAED 68K /yr1 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 712, Ruby Residence

What is 712 worth today?

Last sold for AED 550,000 in 2020

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20 May 2020SoldReady
AED 550,000AED 494 per sqft
1 Nov 2018RentedNew contract
AED 68,000/yr12 months · AED 61 per sqft
25 Aug 2017RentedNew contract
AED 81,000/yr12 months · AED 73 per sqft
18 Sep 2016Sold by developerReady
AED 946,498AED 850 per sqft
9 Sep 2016RentedRenewal
AED 66,701/yr12 months · AED 60 per sqft
9 Sep 2015RentedNew contract
AED 63,525/yr12 months · AED 57 per sqft
9 Sep 2013RentedNew contract
AED 55,000/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 20 May 2020.

Key facts

Type
2-bed apartment
Size
1,113 sqft
Floor
7th of 8
Parking
B - 33 , 34
Developer
Deyaar
Completed
2010
Service charge
AED 15,800 /yr
Last sold
AED 550K · May 2020
Building
Ruby Residence

About 712, Ruby Residence

712 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 20 May 2020 for AED 550,000, or AED 494 per sqft.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 November 2018, is AED 68,000 a year: a gross yield of 12.4% on the 2020 price, before the service charge of about AED 15,800 a year.

Sales and rents for 712 over time

Sales
Unit 712, 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, September 2016: AED 946,498 (AED 850 per sqft)Sold, May 2020: AED 550,000 (AED 494 per sqft)

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

Rents
Unit 712, 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, September 2013: AED 55,000 a yearNew contract, September 2015: AED 63,525 a yearRenewal, September 2016: AED 66,701 a yearNew contract, August 2017: AED 81,000 a yearNew contract, November 2018: AED 68,000 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 712 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. 712's AED 68,000 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
7072-bedAED 720K · Oct 2022
1–7 of 13

712, Ruby Residence in numbers

  • Sold twice: first on 18 September 2016 for AED 946,498, last on 20 May 2020 for AED 550,000 (AED 494 per sqft).
  • Rented since September 2013 on 5 Ejari contracts, from AED 55,000 to AED 68,000 a year.
  • At AED 68,000 a year the gross yield on the 2020 price is 12.4%, 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 20 May 2020.

Questions about 712, Ruby Residence

What did unit 712 last sell for?

AED 550,000 on 20 May 2020: AED 494 per sqft for 1,113 sqft. The unit has 2 registered sales; the first was AED 946,498 in September 2016.

What is the rent for unit 712?

AED 68,000 a year on the contract signed on 1 November 2018. The previous contract, from August 2017, was AED 81,000; the unit has been rented since September 2013.

How big is unit 712?

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 712 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 712, Ruby Residence

Starts from the last sale price (AED 550K, 20 May 2020). 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 →