2-bed · 1,197 sqftRuby Residence, Dubai Silicon Oasis · 7th floor · completed 2010

714, Ruby Residence

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

Unit 714 · DLD and Ejari recordsUpdated 31 October 2017
Last soldAED 489K31 October 2017
Current rentAED 67K /yr10 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 714, Ruby Residence

What is 714 worth today?

Last sold for AED 489,398 in 2017

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31 Oct 2017Sold by developerReady
AED 489,398AED 408 per sqft
10 Jan 2016RentedRenewal
AED 66,701/yr12 months · AED 56 per sqft
10 Jan 2015RentedRenewal
AED 57,750/yr12 months · AED 48 per sqft
10 Jan 2014RentedNew contract
AED 55,000/yr12 months · AED 46 per sqft

Source: Dubai Land Department. Updated 31 October 2017.

Key facts

Type
2-bed apartment
Size
1,197 sqft
Floor
7th of 8
Parking
B - 35 , 36
Developer
Deyaar
Completed
2010
Service charge
AED 17,000 /yr
Last sold
AED 489K · October 2017

About 714, Ruby Residence

714 is a two-bedroom apartment of 1,197 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 31 October 2017 for AED 489,398, or AED 408 per sqft, 46% below the AED 751 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 10 January 2016, is AED 66,701 a year: a gross yield of 13.6% on the 2017 price, before the service charge of about AED 17,000 a year.

Sales and rents for 714 over time

Sales
Unit 714, 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, October 2017: AED 489,398 (AED 408 per sqft)

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

Rents
Unit 714, 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, January 2014: AED 55,000 a yearRenewal, January 2015: AED 57,750 a yearRenewal, January 2016: AED 66,701 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 714 sits

All 24 2-beds →

714 last sold in October 2017 at AED 408 per sqft, 46% below what two-beds in Ruby Residence were fetching at the time (AED 751). 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. 714's AED 66,701 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

714, Ruby Residence in numbers

  • Sold once: by Deyaar on 31 October 2017 for AED 489,398, or AED 408 per sqft.
  • Rented since January 2014 on 3 Ejari contracts, from AED 55,000 to AED 66,701 a year.
  • At AED 66,701 a year the gross yield on the 2017 price is 13.6%, before a service charge of about AED 17,000 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 31 October 2017.

Questions about 714, Ruby Residence

What did unit 714 last sell for?

AED 489,398 on 31 October 2017, sold by the developer: AED 408 per sqft for 1,197 sqft. It is the only registered sale of the unit.

What is the rent for unit 714?

AED 66,701 a year on the contract renewed on 10 January 2016. The previous contract, from January 2015, was AED 57,750; the unit has been rented since January 2014.

How big is unit 714?

1,197 sqft (111.2 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.

What is unit 714 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 714, Ruby Residence

Starts from the last sale price (AED 489K, 31 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 489,398
Deposit, UAE resident (20%)
AED 97,880
Deposit, non-resident (40%)
AED 195,759
Monthly over 25 years at 3.7%
AED 2,002

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