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2-bed · 1,875 sqftSP Oasis, Dubai Silicon Oasis · 7th floor · completed 2010

701, SP Oasis

Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 19 October 2023
Last soldAED 1M19 October 2023
Current rentAED 70K /yr1 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, SP Oasis

What is 701 worth today?

Last sold for AED 1,000,000 in 2023

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19 Oct 2023SoldReady
AED 1,000,000AED 533 per sqft
1 May 2021RentedNew contract
AED 70,000/yr12 months · AED 37 per sqft
1 May 2019RentedNew contract
AED 80,000/yr12 months · AED 43 per sqft
21 Jan 2019Sold by developerReady
AED 1,760,000AED 938 per sqft
1 Sep 2014RentedNew contract
AED 120,000/yr12 months · AED 64 per sqft
10 Dec 2012RentedNew contract
AED 100,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 19 October 2023.

Key facts

Type
2-bed apartment
Size
1,875 sqft
Floor
7th of 7
Parking
(B-83, B-84)
Developer
S.P. Oasis
Completed
2010
Service charge
AED 30,600 /yr
Last sold
AED 1M · October 2023
Building
SP Oasis

About 701, SP Oasis

701 is a two-bedroom apartment of 1,875 sqft on the 7th floor of SP Oasis, a 7-storey tower in Dubai Silicon Oasis completed in 2010 by S.P. Oasis. It last sold on 19 October 2023 for AED 1,000,000, or AED 533 per sqft.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 1 May 2021, is AED 70,000 a year: a gross yield of 7.0% on the 2023 price, before the service charge of about AED 30,600 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in SP Oasis
1M1.5M2011201520192023Typical sale price by year: 2011 AED 1,180,000; 2013 AED 1,264,200Sold by developer, January 2019: AED 1,760,000 (AED 938 per sqft)Sold, October 2023: AED 1,000,000 (AED 533 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in SP Oasis
100K2012201620202024Typical 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, December 2012: AED 100,000 a yearNew contract, September 2014: AED 120,000 a yearNew contract, May 2019: AED 80,000 a yearNew contract, May 2021: 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 SP Oasis, and where 701 sits

All 14 2-beds →

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. 701's AED 70,000 is in the lower half 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 7th floor

All 68 units in SP Oasis
Value
7022-bedAED 1.8M · Jul 2014
7035-bedNo registered sale
7045-bedNo registered sale
7052-bedAED 1.17M · Jan 2023
7062-bedNo registered sale

701, SP Oasis in numbers

  • Sold twice: first on 21 January 2019 for AED 1,760,000, last on 19 October 2023 for AED 1,000,000 (AED 533 per sqft).
  • Rented since December 2012 on 4 Ejari contracts, from AED 100,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 7.0%, before a service charge of about AED 30,600 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 19 October 2023.

Questions about 701, SP Oasis

What did unit 701 last sell for?

AED 1,000,000 on 19 October 2023: AED 533 per sqft for 1,875 sqft. The unit has 2 registered sales; the first was AED 1,760,000 in January 2019.

What is the rent for unit 701?

AED 70,000 a year on the contract signed on 1 May 2021. The previous contract, from May 2019, was AED 80,000; the unit has been rented since December 2012.

How big is unit 701?

1,875 sqft (174.2 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2010.

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 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 701, SP Oasis

Starts from the last sale price (AED 1M, 19 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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