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2-bed · 1,576 sqftSilicon Star, Dubai Silicon Oasis · 7th floor

701, Silicon Star

Sold prices and rental history: sold 3 times, last in August 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 30 August 2017
Last soldAED 575K30 August 2017
Current rentAED 75K /yr5 February 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, Silicon Star

What is 701 worth today?

Last sold for AED 575,000 in 2017

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30 Aug 2017SoldReady
AED 575,000AED 364 per sqft
9 Mar 2016SoldReady
AED 900,000AED 571 per sqft
5 Feb 2016RentedNew contract
AED 75,000/yr12 months · AED 48 per sqft
5 Feb 2015RentedRenewal
AED 75,000/yr12 months · AED 47 per sqft
5 Feb 2014RentedNew contract
AED 75,000/yr12 months · AED 47 per sqft
29 Jun 2009Sold by developerReady
AED 1,581,046AED 1,003 per sqft

Source: Dubai Land Department. Updated 30 August 2017.

Key facts

Type
2-bed apartment
Size
1,576 sqft
Floor
7th of 8
Parking
P149, P184
Service charge
AED 18,800 /yr
Last sold
AED 575K · August 2017
Building
Silicon Star

About 701, Silicon Star

701 is a two-bedroom apartment of 1,576 sqft on the 7th floor of Silicon Star, a 8-storey tower in Dubai Silicon Oasis. It last sold on 30 August 2017 for AED 575,000, or AED 364 per sqft, 46% below the AED 679 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 5 February 2016, is AED 75,000 a year: a gross yield of 13.0% on the 2017 price, before the service charge of about AED 18,800 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Silicon Star
500K1M1.5M2009201420192024Typical sale price by year: 2009 AED 619,500; 2012 AED 1,518,066; 2013 AED 910,290; 2014 AED 1,176,585; 2015 AED 1,177,765; 2016 AED 900,000; 2017 AED 1,057,500; 2021 AED 862,500; 2022 AED 915,000; 2023 AED 970,000; 2024 AED 1,200,000; 2025 AED 1,350,000Sold by developer, June 2009: AED 1,581,046 (AED 1,003 per sqft)Sold, March 2016: AED 900,000 (AED 571 per sqft)Sold, August 2017: AED 575,000 (AED 364 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Silicon Star
60K80K100K2012201620202024Typical rent by year: 2012 AED 65,000; 2013 AED 71,000; 2014 AED 73,500; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 90,000; 2018 AED 82,000; 2019 AED 77,500; 2020 AED 66,000; 2021 AED 65,000; 2022 AED 68,000; 2023 AED 77,608; 2024 AED 90,000; 2025 AED 90,000; 2026 AED 95,000New contract, February 2014: AED 75,000 a yearRenewal, February 2015: AED 75,000 a yearNew contract, February 2016: AED 75,000 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 Star, and where 701 sits

All 52 2-beds →

701 last sold in August 2017 at AED 364 per sqft, 46% below what two-beds in Silicon Star were fetching at the time (AED 679). Over the last 12 months two-beds sold for AED 1,625,000, around AED 985 per sqft, and rent for AED 68,250 to 120,000 a year. 701's AED 75,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Apr 20261,625,000
23 Oct 20251,200,000
23 May 20251,400,000
6 Mar 20251,425,000
1 2-bed sale in the last 12 months

Silicon Star

Building

104 apartments, 1-bed to 3-bed over 8 floors in Dubai Silicon Oasis. 3 sold in the last 12 months.

Typical price per sqft
AED 985
Typical sale
AED 1.63M
Typical rent
AED 90K /yr
Typical yield
6.2%
Silicon Star, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 104 units in Silicon Star
Value
7022-bedAED 1.28M · Jul 2015
7031-bedAED 1.02M · Jun 2009
7042-bedAED 1.2M · Nov 2024
7052-bedAED 1.29M · Nov 2015
7062-bedAED 632K · Oct 2015
7072-bedAED 1.25M · Feb 2024
7081-bedAED 720K · Feb 2018
1–7 of 9

701, Silicon Star in numbers

  • Sold 3 times: first on 29 June 2009 for AED 1,581,046, last on 30 August 2017 for AED 575,000 (AED 364 per sqft).
  • Rented since February 2014 on 3 Ejari contracts, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2017 price is 13.0%, before a service charge of about AED 18,800 a year (AED 11.95 per sqft).
  • Two-beds in Silicon Star sold for AED 1,625,000–1,625,000 in the 12 months to November 2026; the building's median across all types is AED 985 per sqft.

Source: Dubai Land Department. Updated 30 August 2017.

Questions about 701, Silicon Star

What did unit 701 last sell for?

AED 575,000 on 30 August 2017: AED 364 per sqft for 1,576 sqft. The unit has 3 registered sales; the first was AED 1,581,046 in June 2009.

What is the rent for unit 701?

AED 75,000 a year on the contract signed on 5 February 2016. The previous contract, from February 2015, was AED 75,000; the unit has been rented since February 2014.

How big is unit 701?

1,576 sqft (146.4 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower.

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 Silicon Star sold for AED 1,625,000 to 1,625,000 in the last 12 months, around AED 985 per sqft.

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Mortgage on 701, Silicon Star

Starts from the last sale price (AED 575K, 30 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 575,000
Deposit, UAE resident (20%)
AED 115,000
Deposit, non-resident (40%)
AED 230,000
Monthly over 25 years at 3.7%
AED 2,353

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