2-bed · 1,201 sqftSapphire Residence, Dubai Silicon Oasis · 7th floor · completed 2010

701, Sapphire Residence

Sold prices and rental history: sold once, by the developer in October 2013, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 15 October 2013
Last soldAED 830K3 October 2013
Current rentAED 55K /yr15 October 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Sapphire Residence

What is 701 worth today?

Last sold for AED 830,216 in 2013

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15 Oct 2013RentedRenewal
AED 55,000/yr12 months · AED 46 per sqft
3 Oct 2013Sold by developerReady
AED 830,216AED 691 per sqft
15 Oct 2012RentedNew contract
AED 55,000/yr12 months · AED 46 per sqft

Source: Dubai Land Department. Updated 15 October 2013.

Key facts

Type
2-bed apartment
Size
1,201 sqft
Floor
7th of 8
Parking
B-1 , B-60
Developer
Deyaar
Completed
2010
Service charge
AED 18,600 /yr
Last sold
AED 830K · October 2013

About 701, Sapphire Residence

701 is a two-bedroom apartment of 1,201 sqft on the 7th floor of Sapphire Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Deyaar. The developer sold it on 3 October 2013 for AED 830,216, or AED 691 per sqft, 3% above the AED 668 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, renewed on 15 October 2013, is AED 55,000 a year: a gross yield of 6.6% on the 2013 price, before the service charge of about AED 18,600 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Sapphire Residence
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,611,103; 2013 AED 843,404; 2014 AED 949,108; 2015 AED 924,000; 2017 AED 892,500; 2024 AED 980,000; 2025 AED 1,060,000Sold by developer, October 2013: AED 830,216 (AED 691 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Sapphire Residence
60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 56,000; 2014 AED 70,000; 2015 AED 70,000; 2016 AED 76,650; 2017 AED 78,000; 2018 AED 75,000; 2019 AED 65,000; 2020 AED 54,500; 2021 AED 51,500; 2022 AED 53,000; 2023 AED 63,000; 2024 AED 71,488; 2025 AED 74,000; 2026 AED 74,000New contract, October 2012: AED 55,000 a yearRenewal, October 2013: AED 55,000 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 Sapphire Residence, and where 701 sits

All 24 2-beds →

701 last sold in October 2013 at AED 691 per sqft, 3% above what two-beds in Sapphire Residence were fetching at the time (AED 668). Over the last 12 months two-beds sold for AED 1,100,000 to 1,125,000, around AED 1,000 per sqft, and rent for AED 66,000 to 95,000 a year. 701's AED 55,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Jul 20261,100,000
14 Jan 20261,125,000
7 Oct 20251,285,000
2 Oct 20251,070,000
2 2-bed sales in the last 12 months

Sapphire Residence

Building

89 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 938
Typical sale
AED 730K
Typical rent
AED 60K /yr
Typical yield
7.8%
Sapphire Residence, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 89 units in Sapphire Residence
Value
7022-bedAED 950K · Aug 2017
7032-bedAED 1.04M · Sep 2024
7042-bedAED 680K · Jun 2022
7052-bedAED 1.13M · Jan 2026
7062-bedAED 1.05M · Mar 2025
7072-bedAED 1.05M · Apr 2024
7082-bedAED 1.1M · Jul 2026
1–7 of 8

701, Sapphire Residence in numbers

  • Sold once: by Deyaar on 3 October 2013 for AED 830,216, or AED 691 per sqft.
  • Rented since October 2012 on 2 Ejari contracts, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2013 price is 6.6%, before a service charge of about AED 18,600 a year (AED 15.52 per sqft).
  • Two-beds in Sapphire Residence sold for AED 1,100,000–1,125,000 in the 12 months to November 2026; the building's median across all types is AED 938 per sqft.

Source: Dubai Land Department. Updated 15 October 2013.

Questions about 701, Sapphire Residence

What did unit 701 last sell for?

AED 830,216 on 3 October 2013, sold by the developer: AED 691 per sqft for 1,201 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 55,000 a year on the contract renewed on 15 October 2013. The previous contract, from October 2012, was AED 55,000.

How big is unit 701?

1,201 sqft (111.6 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sapphire Residence sold for AED 1,100,000 to 1,125,000 in the last 12 months, around AED 1,000 per sqft.

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Mortgage on 701, Sapphire Residence

Starts from the last sale price (AED 830K, 3 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 830,216
Deposit, UAE resident (20%)
AED 166,043
Deposit, non-resident (40%)
AED 332,086
Monthly over 25 years at 3.7%
AED 3,397

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