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

704, Sapphire Residence

Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 15 June 2022
Last soldAED 680K15 June 2022
Current rentAED 51K /yr1 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, Sapphire Residence

What is 704 worth today?

Last sold for AED 680,000 in 2022

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15 Jun 2022SoldReady
AED 680,000AED 611 per sqft
1 May 2021RentedNew contract
AED 51,000/yr12 months · AED 46 per sqft
15 Aug 2020RentedRenewal
AED 55,000/yr12 months · AED 50 per sqft
15 Aug 2019RentedNew contract
AED 55,000/yr12 months · AED 50 per sqft
1 Jun 2018RentedRenewal
AED 85,000/yr12 months · AED 77 per sqft
1 Jun 2017RentedNew contract
AED 85,000/yr12 months · AED 77 per sqft
31 May 2017SoldReady
AED 860,000AED 772 per sqft
21 Oct 2016RentedNew contract
AED 85,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 15 June 2022.

Key facts

Type
2-bed apartment
Size
1,113 sqft
Floor
7th of 8
Parking
G - 19, 25
Developer
Deyaar
Completed
2010
Service charge
AED 17,300 /yr
Last sold
AED 680K · June 2022
Building
Sapphire Residence

About 704, Sapphire Residence

704 is a two-bedroom apartment of 1,113 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 15 June 2022 for AED 680,000, or AED 611 per sqft.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 1 May 2021, is AED 51,000 a year: a gross yield of 7.5% on the 2022 price, before the service charge of about AED 17,300 a year.

Sales and rents for 704 over time

Sales
Unit 704, 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 2014: AED 1,275,459 (AED 1,146 per sqft)Sold, May 2017: AED 860,000 (AED 772 per sqft)Sold, June 2022: AED 680,000 (AED 611 per sqft)

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

Rents
Unit 704, 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 2015: AED 83,000 a yearNew contract, October 2016: AED 85,000 a yearNew contract, June 2017: AED 85,000 a yearRenewal, June 2018: AED 85,000 a yearNew contract, August 2019: AED 55,000 a yearRenewal, August 2020: AED 55,000 a yearNew contract, May 2021: AED 51,000 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 704 sits

All 24 2-beds →

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. 704's AED 51,000 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
7012-bedAED 830K · Oct 2013
7022-bedAED 950K · Aug 2017
7032-bedAED 1.04M · Sep 2024
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

704, Sapphire Residence in numbers

  • Sold 3 times: first on 10 June 2014 for AED 1,275,459, last on 15 June 2022 for AED 680,000 (AED 611 per sqft).
  • Rented since October 2015 on 7 Ejari contracts, from AED 83,000 to AED 51,000 a year.
  • At AED 51,000 a year the gross yield on the 2022 price is 7.5%, before a service charge of about AED 17,300 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 June 2022.

Questions about 704, Sapphire Residence

What did unit 704 last sell for?

AED 680,000 on 15 June 2022: AED 611 per sqft for 1,113 sqft. The unit has 3 registered sales; the first was AED 1,275,459 in June 2014.

What is the rent for unit 704?

AED 51,000 a year on the contract signed on 1 May 2021. The previous contract, from August 2020, was AED 55,000; the unit has been rented since October 2015.

How big is unit 704?

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 704 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 704, Sapphire Residence

Starts from the last sale price (AED 680K, 15 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 680,000
Deposit, UAE resident (20%)
AED 136,000
Deposit, non-resident (40%)
AED 272,000
Monthly over 25 years at 3.7%
AED 2,782

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