2-bed · 1,295 sqftSapphire Residence, Dubai Silicon Oasis · 7th floor · completed 2010

702, Sapphire Residence

Sold prices and rental history: sold 3 times, last in August 2017, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 14 August 2017
Last soldAED 950K14 August 2017
Current rentAED 61K /yr1 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Sapphire Residence

What is 702 worth today?

Last sold for AED 950,000 in 2017

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14 Aug 2017SoldReady
AED 950,000AED 733 per sqft
1 Nov 2015RentedNew contract
AED 60,640/yr12 months · AED 47 per sqft
1 Nov 2013RentedNew contract
AED 57,750/yr12 months · AED 45 per sqft
7 Oct 2013SoldReady
AED 1,317,146AED 1,016 per sqft
1 Nov 2012RentedNew contract
AED 55,000/yr12 months · AED 43 per sqft
8 Jun 2009Sold by developerOff-plan
AED 1,741,080AED 1,344 per sqft

Source: Dubai Land Department. Updated 14 August 2017.

Key facts

Type
2-bed apartment
Size
1,295 sqft
Floor
7th of 8
Parking
B - 32, 33
Developer
Deyaar
Completed
2010
Service charge
AED 20,100 /yr
Last sold
AED 950K · August 2017

About 702, Sapphire Residence

702 is a two-bedroom apartment of 1,295 sqft on the 7th floor of Sapphire Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Deyaar. It last sold on 14 August 2017 for AED 950,000, or AED 733 per sqft, in line with the AED 733 two-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 1 November 2015, is AED 60,640 a year: a gross yield of 6.4% on the 2017 price, before the service charge of about AED 20,100 a year.

Sales and rents for 702 over time

Sales
Unit 702, 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, June 2009: AED 1,741,080 (AED 1,344 per sqft)Sold, October 2013: AED 1,317,146 (AED 1,016 per sqft)Sold, August 2017: AED 950,000 (AED 733 per sqft)

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

Rents
Unit 702, 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, November 2012: AED 55,000 a yearNew contract, November 2013: AED 57,750 a yearNew contract, November 2015: AED 60,640 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 702 sits

All 24 2-beds →

702 last sold in August 2017 at AED 733 per sqft, in line with what two-beds in Sapphire Residence were fetching at the time (AED 733). 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. 702's AED 60,640 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
7012-bedAED 830K · Oct 2013
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

702, Sapphire Residence in numbers

  • Sold 3 times: first on 8 June 2009 for AED 1,741,080, last on 14 August 2017 for AED 950,000 (AED 733 per sqft).
  • Rented since November 2012 on 3 Ejari contracts, from AED 55,000 to AED 60,640 a year.
  • At AED 60,640 a year the gross yield on the 2017 price is 6.4%, before a service charge of about AED 20,100 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 14 August 2017.

Questions about 702, Sapphire Residence

What did unit 702 last sell for?

AED 950,000 on 14 August 2017: AED 733 per sqft for 1,295 sqft. The unit has 3 registered sales; the first was AED 1,741,080 in June 2009.

What is the rent for unit 702?

AED 60,640 a year on the contract signed on 1 November 2015. The previous contract, from November 2013, was AED 57,750; the unit has been rented since November 2012.

How big is unit 702?

1,295 sqft (120.3 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.

What is unit 702 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 702, Sapphire Residence

Starts from the last sale price (AED 950K, 14 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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