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1-bed · 627 sqftSilicon Heights, Dubai Silicon Oasis · 7th floor · completed 2011

724, Silicon Heights

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

Unit 724 · DLD and Ejari recordsUpdated 25 December 2022
Last soldAED 510K8 March 2012
Current rentAED 37K /yr25 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 724, Silicon Heights

What is 724 worth today?

Last sold for AED 509,900 in 2012

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25 Dec 2022RentedNew contract
AED 37,000/yr12 months · AED 59 per sqft
11 Dec 2020RentedRenewal
AED 29,000/yr12 months · AED 46 per sqft
11 Dec 2019RentedNew contract
AED 33,000/yr12 months · AED 53 per sqft
27 Sep 2018RentedRenewal
AED 47,000/yr12 months · AED 75 per sqft
27 Sep 2017RentedNew contract
AED 48,000/yr12 months · AED 77 per sqft
5 Jun 2016RentedNew contract
AED 55,000/yr12 months · AED 88 per sqft
15 Apr 2015RentedNew contract
AED 51,040/yr12 months · AED 82 per sqft
15 Apr 2014RentedNew contract
AED 46,400/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 25 December 2022.

Key facts

Type
1-bed apartment
Size
627 sqft
Floor
7th of 8
Parking
G-283
Developer
Vision Avenue Homes
Completed
2011
Service charge
AED 6,700 /yr
Last sold
AED 510K · March 2012
Building
Silicon Heights

About 724, Silicon Heights

724 is a one-bedroom apartment of 627 sqft on the 7th floor of Silicon Heights, a 8-storey tower in Dubai Silicon Oasis completed in 2011 by Vision Avenue Homes. The developer sold it on 8 March 2012 for AED 509,900, or AED 812 per sqft, in line with the AED 792 one-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 25 December 2022, is AED 37,000 a year: a gross yield of 7.3% on the 2012 price, before the service charge of about AED 6,700 a year.

Sales and rents for 724 over time

Sales
Unit 724, each saleTypical one-bed in Silicon Heights
400K600K20112015201920232027Typical sale price by year: 2011 AED 691,200; 2012 AED 522,693; 2013 AED 526,481; 2014 AED 590,000; 2015 AED 558,060; 2016 AED 605,000; 2017 AED 565,000; 2018 AED 605,000; 2020 AED 330,000; 2021 AED 370,000; 2022 AED 350,000; 2023 AED 430,000; 2024 AED 480,000; 2025 AED 580,000; 2026 AED 499,110Sold by developer, March 2012: AED 509,900 (AED 812 per sqft)

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

Rents
Unit 724, each contractTypical one-bed in Silicon Heights
40K2012201620202024Typical rent by year: 2012 AED 34,500; 2013 AED 38,925; 2014 AED 47,296; 2015 AED 53,624; 2016 AED 55,000; 2017 AED 51,000; 2018 AED 47,000; 2019 AED 40,000; 2020 AED 31,000; 2021 AED 28,000; 2022 AED 33,000; 2023 AED 38,520; 2024 AED 42,870; 2025 AED 49,000; 2026 AED 50,500New contract, April 2013: AED 40,000 a yearNew contract, April 2014: AED 46,400 a yearNew contract, April 2015: AED 51,040 a yearNew contract, June 2016: AED 55,000 a yearNew contract, September 2017: AED 48,000 a yearRenewal, September 2018: AED 47,000 a yearNew contract, December 2019: AED 33,000 a yearRenewal, December 2020: AED 29,000 a yearNew contract, December 2022: AED 37,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Silicon Heights, and where 724 sits

All 103 1-beds →

724 last sold in March 2012 at AED 812 per sqft, in line with what one-beds in Silicon Heights were fetching at the time (AED 792). Over the last 12 months one-beds sold for AED 180,002 to 750,000, around AED 802 per sqft, and rent for AED 33,668 to 77,538 a year. 724's AED 37,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Aug 2026558,815
12 Aug 2026180,002
17 Feb 2026499,110
17 Dec 2025610,000
6 1-bed sales in the last 12 months

Silicon Heights

Building

277 apartments, studios to 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2011 by Vision Avenue Homes. 16 sold in the last 12 months.

Typical price per sqft
AED 920 Up 10.4%
Typical sale
AED 450K
Typical rent
AED 44K /yr
Typical yield
8.9%
Silicon Heights, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 277 units in Silicon Heights
Value
701StudioAED 235K · Dec 2012
7021-bedAED 559K · Aug 2026
703StudioAED 420K · Dec 2025
704StudioAED 254K · Dec 2012
705StudioAED 268K · Mar 2013
7061-bedAED 613K · Mar 2015
707StudioAED 370K · Mar 2024
1–7 of 31

724, Silicon Heights in numbers

  • Sold once: by Vision Avenue Homes on 8 March 2012 for AED 509,900, or AED 812 per sqft.
  • Rented since April 2013 on 9 Ejari contracts. The rent fell from AED 40,000 to AED 29,000 in 2020 and recovered to AED 37,000 by December 2022.
  • At AED 37,000 a year the gross yield on the 2012 price is 7.3%, before a service charge of about AED 6,700 a year (AED 10.65 per sqft).
  • One-beds in Silicon Heights sold for AED 180,002–750,000 in the 12 months to November 2026; the building's median across all types is AED 920 per sqft.

Source: Dubai Land Department. Updated 25 December 2022.

Questions about 724, Silicon Heights

What did unit 724 last sell for?

AED 509,900 on 8 March 2012, sold by the developer: AED 812 per sqft for 627 sqft. It is the only registered sale of the unit.

What is the rent for unit 724?

AED 37,000 a year on the contract signed on 25 December 2022. The previous contract, from December 2020, was AED 29,000; the unit has been rented since April 2013.

How big is unit 724?

627 sqft (58.3 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2011.

What is unit 724 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Silicon Heights sold for AED 180,002 to 750,000 in the last 12 months, around AED 802 per sqft.

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Mortgage on 724, Silicon Heights

Starts from the last sale price (AED 510K, 8 March 2012). Switch to today's estimate once you have unlocked it.
Price
AED 509,900
Deposit, UAE resident (20%)
AED 101,980
Deposit, non-resident (40%)
AED 203,960
Monthly over 25 years at 3.7%
AED 2,086

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