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

713, Ruby Residence

Sold prices and rental history: sold 3 times, last in November 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 713 · DLD and Ejari recordsUpdated 16 August 2024
Last soldAED 1.01M13 November 2017
Current rentAED 72K /yr16 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 713, Ruby Residence

What is 713 worth today?

Last sold for AED 1,005,000 in 2017

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16 Aug 2024RentedRenewal
AED 72,000/yr12 months · AED 65 per sqft
16 Aug 2023RentedRenewal
AED 62,000/yr12 months · AED 56 per sqft
16 Aug 2022RentedNew contract
AED 60,000/yr12 months · AED 54 per sqft
9 Jan 2018RentedNew contract
AED 75,000/yr12 months · AED 68 per sqft
13 Nov 2017SoldReady
AED 1,005,000AED 902 per sqft
16 Dec 2016RentedNew contract
AED 70,000/yr12 months · AED 63 per sqft
3 Apr 2016Sold by developerOff-plan
AED 1,076,447AED 967 per sqft
3 Apr 2016SoldOff-plan
AED 650,000AED 584 per sqft

Source: Dubai Land Department. Updated 16 August 2024.

Key facts

Type
2-bed apartment
Size
1,113 sqft
Floor
7th of 8
Parking
G - 129 , 130
Developer
Deyaar
Completed
2010
Service charge
AED 15,800 /yr
Last sold
AED 1.01M · November 2017

About 713, Ruby Residence

713 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 13 November 2017 for AED 1,005,000, or AED 902 per sqft, 13% above the AED 796 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 16 August 2024, is AED 72,000 a year: a gross yield of 7.2% on the 2017 price, before the service charge of about AED 15,800 a year.

Sales and rents for 713 over time

Sales
Unit 713, 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, April 2016: AED 1,076,447 (AED 967 per sqft)Sold, April 2016: AED 650,000 (AED 584 per sqft)Sold, November 2017: AED 1,005,000 (AED 902 per sqft)

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

Rents
Unit 713, 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, December 2013: AED 65,000 a yearNew contract, December 2014: AED 70,000 a yearRenewal, December 2015: AED 70,000 a yearNew contract, December 2016: AED 70,000 a yearNew contract, January 2018: AED 75,000 a yearNew contract, August 2022: AED 60,000 a yearRenewal, August 2023: AED 62,000 a yearRenewal, August 2024: AED 72,000 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 713 sits

All 24 2-beds →

713 last sold in November 2017 at AED 902 per sqft, 13% above what two-beds in Ruby Residence were fetching at the time (AED 796). 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. 713's AED 72,000 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

713, Ruby Residence in numbers

  • Sold 3 times: first on 3 April 2016 for AED 650,000, last on 13 November 2017 for AED 1,005,000 (AED 902 per sqft).
  • Rented since December 2013 on 8 Ejari contracts, from AED 65,000 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2017 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 16 August 2024.

Questions about 713, Ruby Residence

What did unit 713 last sell for?

AED 1,005,000 on 13 November 2017: AED 902 per sqft for 1,113 sqft. The unit has 3 registered sales; the first was AED 650,000 in April 2016.

What is the rent for unit 713?

AED 72,000 a year on the contract renewed on 16 August 2024. The previous contract, from August 2023, was AED 62,000; the unit has been rented since December 2013.

How big is unit 713?

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 713 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 713, Ruby Residence

Starts from the last sale price (AED 1.01M, 13 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,005,000
Deposit, UAE resident (20%)
AED 201,000
Deposit, non-resident (40%)
AED 402,000
Monthly over 25 years at 3.7%
AED 4,112

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