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2-bed · 1,376 sqftSilicon Arch, Dubai Silicon Oasis · 7th floor · completed 2009

722, Silicon Arch

Sold prices and rental history: sold 4 times, last in May 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 722 · DLD and Ejari recordsUpdated 20 December 2023
Last soldAED 735K3 May 2023
Current rentAED 70K /yr20 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 722, Silicon Arch

What is 722 worth today?

Last sold for AED 735,000 in 2023

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20 Dec 2023RentedNew contract
AED 70,000/yr12 months · AED 51 per sqft
1 Sep 2023RentedNew contract
AED 61,215/yr12 months · AED 44 per sqft
3 May 2023SoldReady
AED 735,000AED 533 per sqft
1 Sep 2022RentedRenewal
AED 58,300/yr12 months · AED 42 per sqft
1 Sep 2021RentedNew contract
AED 53,000/yr12 months · AED 39 per sqft
29 Dec 2020SoldReady
AED 575,000AED 835 per sqft
1 Sep 2020RentedNew contract
AED 60,000/yr12 months · AED 44 per sqft
20 May 2019RentedRenewal
AED 68,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 20 December 2023.

Key facts

Type
2-bed apartment
Size
1,376 sqft
Floor
7th of 8
Parking
B-128 & B-129
Developer
Ali Mohammed Saeed Bujsaim
Completed
2009
Service charge
AED 13,700 /yr
Last sold
AED 735K · May 2023
Building
Silicon Arch

About 722, Silicon Arch

722 is a two-bedroom apartment of 1,376 sqft on the 7th floor of Silicon Arch, a 8-storey tower in Dubai Silicon Oasis completed in 2009 by Ali Mohammed Saeed Bujsaim. It last sold on 3 May 2023 for AED 735,000, or AED 533 per sqft, 15% above the AED 465 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 20 December 2023, is AED 70,000 a year: a gross yield of 9.5% on the 2023 price, before the service charge of about AED 13,700 a year.

Sales and rents for 722 over time

Sales
Unit 722, each saleTypical two-bed in Silicon Arch
500K1M2009201420192024Typical sale price by year: 2009 AED 990,185; 2010 AED 671,500; 2011 AED 688,288; 2012 AED 500,000; 2013 AED 508,750; 2014 AED 1,190,000; 2015 AED 1,025,000; 2016 AED 860,000; 2020 AED 575,000; 2021 AED 610,000; 2022 AED 475,000; 2023 AED 700,000; 2024 AED 1,100,000; 2025 AED 1,150,000; 2026 AED 1,125,000Sold by developer, February 2011: AED 498,484 (AED 362 per sqft)Sold, October 2014: AED 1,000,000 (AED 726 per sqft)Sold, December 2020: AED 575,000 (AED 835 per sqft)Sold, May 2023: AED 735,000 (AED 533 per sqft)

722 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 722, each contractTypical two-bed in Silicon Arch
60K80K2012201620202024Typical rent by year: 2012 AED 53,750; 2013 AED 60,000; 2014 AED 71,000; 2015 AED 80,000; 2016 AED 80,000; 2017 AED 80,000; 2018 AED 71,887; 2019 AED 64,000; 2020 AED 58,000; 2021 AED 51,000; 2022 AED 54,000; 2023 AED 60,000; 2024 AED 63,945; 2025 AED 70,084; 2026 AED 74,250New contract, June 2013: AED 63,000 a yearNew contract, November 2015: AED 60,000 a yearNew contract, May 2018: AED 75,000 a yearRenewal, May 2019: AED 68,000 a yearNew contract, September 2020: AED 60,000 a yearNew contract, September 2021: AED 53,000 a yearRenewal, September 2022: AED 58,300 a yearNew contract, September 2023: AED 61,215 a yearNew contract, December 2023: AED 70,000 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 Silicon Arch, and where 722 sits

All 48 2-beds →

722 last sold in May 2023 at AED 533 per sqft, 15% above what two-beds in Silicon Arch were fetching at the time (AED 465). Over the last 12 months two-beds sold for AED 1,015,569 to 1,350,000, around AED 975 per sqft, and rent for AED 55,000 to 110,000 a year. 722's AED 70,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Sep 20261,015,569
1 Jul 20261,350,000
17 Mar 20261,100,000
5 Mar 20261,150,000
4 2-bed sales in the last 12 months

Silicon Arch

Building

176 apartments, 1-bed to 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2009 by Ali Mohammed Saeed Bujsaim. 7 sold in the last 12 months.

Typical price per sqft
AED 970
Typical sale
AED 1.02M
Typical rent
AED 55K /yr
Typical yield
6.6%
Silicon Arch, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 176 units in Silicon Arch
Value
7012-bedAED 875K · Apr 2015
7021-bedAED 600K · Mar 2009
7031-bedAED 390K · Mar 2019
7041-bedAED 495K · Oct 2024
7051-bedAED 573K · Feb 2011
7062-bedAED 1M · Mar 2015
7071-bedAED 730K · Mar 2009
1–7 of 21

722, Silicon Arch in numbers

  • Sold 4 times: first on 16 February 2011 for AED 498,484, last on 3 May 2023 for AED 735,000 (AED 533 per sqft).
  • Rented since June 2013 on 9 Ejari contracts. The rent fell from AED 63,000 to AED 53,000 in 2021 and recovered to AED 70,000 by December 2023.
  • At AED 70,000 a year the gross yield on the 2023 price is 9.5%, before a service charge of about AED 13,700 a year (AED 9.95 per sqft).
  • Two-beds in Silicon Arch sold for AED 1,015,569–1,350,000 in the 12 months to November 2026; the building's median across all types is AED 970 per sqft.

Source: Dubai Land Department. Updated 20 December 2023.

Questions about 722, Silicon Arch

What did unit 722 last sell for?

AED 735,000 on 3 May 2023: AED 533 per sqft for 1,376 sqft. The unit has 4 registered sales; the first was AED 498,484 in February 2011.

What is the rent for unit 722?

AED 70,000 a year on the contract signed on 20 December 2023. The previous contract, from September 2023, was AED 61,215; the unit has been rented since June 2013.

How big is unit 722?

1,376 sqft (127.8 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2009.

What is unit 722 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Silicon Arch sold for AED 1,015,569 to 1,350,000 in the last 12 months, around AED 975 per sqft.

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Mortgage on 722, Silicon Arch

Starts from the last sale price (AED 735K, 3 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 735,000
Deposit, UAE resident (20%)
AED 147,000
Deposit, non-resident (40%)
AED 294,000
Monthly over 25 years at 3.7%
AED 3,007

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