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2-bed · 1,731 sqftSP Oasis, Dubai Silicon Oasis · 5th floor · completed 2010

502, SP Oasis

Sold prices and rental history: sold once, by the developer in June 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 July 2016
Last soldAED 1.15M5 June 2011
Current rentAED 90K /yr1 July 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, SP Oasis

What is 502 worth today?

Last sold for AED 1,151,336 in 2011

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1 Jul 2016RentedNew contract
AED 90,000/yr12 months · AED 52 per sqft
1 Jul 2015RentedRenewal
AED 85,000/yr12 months · AED 49 per sqft
1 Jul 2014RentedNew contract
AED 85,000/yr12 months · AED 49 per sqft
25 Jun 2013RentedNew contract
AED 69,806/yr12 months · AED 40 per sqft
5 Jun 2011Sold by developerReady
AED 1,151,336AED 665 per sqft

Source: Dubai Land Department. Updated 1 July 2016.

Key facts

Type
2-bed apartment
Size
1,731 sqft
Floor
5th of 7
Parking
(B-56)
Developer
S.P. Oasis
Completed
2010
Service charge
AED 28,200 /yr
Last sold
AED 1.15M · June 2011
Building
SP Oasis

About 502, SP Oasis

502 is a two-bedroom apartment of 1,731 sqft on the 5th floor of SP Oasis, a 7-storey tower in Dubai Silicon Oasis completed in 2010 by S.P. Oasis. The developer sold it on 5 June 2011 for AED 1,151,336, or AED 665 per sqft, 23% below the AED 862 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 1 July 2016, is AED 90,000 a year: a gross yield of 7.8% on the 2011 price, before the service charge of about AED 28,200 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in SP Oasis
1.2M2011201220132014Typical sale price by year: 2011 AED 1,180,000; 2013 AED 1,264,200Sold by developer, June 2011: AED 1,151,336 (AED 665 per sqft)

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

Rents
Unit 502, each contractTypical two-bed in SP Oasis
60K80K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 85,000; 2014 AED 90,000; 2015 AED 95,000; 2016 AED 100,000; 2017 AED 100,000; 2018 AED 88,500; 2019 AED 80,000; 2020 AED 65,000; 2021 AED 65,000; 2022 AED 63,300; 2023 AED 66,750; 2024 AED 73,500; 2025 AED 72,000; 2026 AED 88,409New contract, June 2013: AED 69,806 a yearNew contract, July 2014: AED 85,000 a yearRenewal, July 2015: AED 85,000 a yearNew contract, July 2016: AED 90,000 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 SP Oasis, and where 502 sits

All 14 2-beds →

502 last sold in June 2011 at AED 665 per sqft, 23% below what two-beds in SP Oasis were fetching at the time (AED 862). Over the last 12 months two-beds sold for AED 1,425,000, around AED 972 per sqft, and rent for AED 55,000 to 90,000 a year. 502's AED 90,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Jan 20261,425,000
20 Mar 20251,170,000
21 Oct 20241,350,000
15 Jul 20241,350,000
1 2-bed sale in the last 12 months

SP Oasis

Building

68 apartments, studios to 5-bed over 7 floors in Dubai Silicon Oasis, completed in 2010 by S.P. Oasis. 3 sold in the last 12 months.

Typical price per sqft
AED 972
Typical sale
AED 865K
Typical rent
AED 49K /yr
Typical yield
7.2%
SP Oasis, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 5th floor

All 68 units in SP Oasis
Value
5012-bedAED 1.14M · Nov 2010
5032-bedAED 1.43M · Jan 2026
5042-bedAED 1.35M · Oct 2024
5052-bedAED 1.16M · Jan 2012
5062-bedAED 1.17M · Mar 2025

502, SP Oasis in numbers

  • Sold once: by S.P. Oasis on 5 June 2011 for AED 1,151,336, or AED 665 per sqft.
  • Rented since June 2013 on 4 Ejari contracts, from AED 69,806 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2011 price is 7.8%, before a service charge of about AED 28,200 a year (AED 16.31 per sqft).
  • Two-beds in SP Oasis sold for AED 1,425,000–1,425,000 in the 12 months to November 2026; the building's median across all types is AED 972 per sqft.

Source: Dubai Land Department. Updated 1 July 2016.

Questions about 502, SP Oasis

What did unit 502 last sell for?

AED 1,151,336 on 5 June 2011, sold by the developer: AED 665 per sqft for 1,731 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 90,000 a year on the contract signed on 1 July 2016. The previous contract, from July 2015, was AED 85,000; the unit has been rented since June 2013.

How big is unit 502?

1,731 sqft (160.8 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2010.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in SP Oasis sold for AED 1,425,000 to 1,425,000 in the last 12 months, around AED 972 per sqft.

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Mortgage on 502, SP Oasis

Starts from the last sale price (AED 1.15M, 5 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,151,336
Deposit, UAE resident (20%)
AED 230,267
Deposit, non-resident (40%)
AED 460,534
Monthly over 25 years at 3.7%
AED 4,710

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