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2-bed · 1,782 sqftSP Oasis, Dubai Silicon Oasis · 7th floor · completed 2010

702, SP Oasis

Sold prices and rental history: sold twice, last in July 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 2 November 2021
Last soldAED 1.8M3 July 2014
Current rentAED 68K /yr2 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, SP Oasis

What is 702 worth today?

Last sold for AED 1,800,000 in 2014

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2 Nov 2021RentedNew contract
AED 68,000/yr12 months · AED 38 per sqft
27 Aug 2015RentedNew contract
AED 120,000/yr12 months · AED 67 per sqft
13 Jul 2014RentedNew contract
AED 160,000/yr12 months · AED 90 per sqft
3 Jul 2014SoldReady
AED 1,800,000AED 1,009 per sqft
1 Sep 2013RentedNew contract
AED 140,000/yr12 months · AED 78 per sqft
2 Nov 2010Sold by developerReady
AED 1,314,375AED 737 per sqft

Source: Dubai Land Department. Updated 2 November 2021.

Key facts

Type
2-bed apartment
Size
1,782 sqft
Floor
7th of 7
Parking
(B-85)
Developer
S.P. Oasis
Completed
2010
Service charge
AED 29,100 /yr
Last sold
AED 1.8M · July 2014
Building
SP Oasis

About 702, SP Oasis

702 is a two-bedroom apartment of 1,782 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 3 July 2014 for AED 1,800,000, or AED 1,009 per sqft, 20% above the AED 842 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 2 November 2021, is AED 68,000 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 29,100 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical two-bed in SP Oasis
1.5M201020122014Typical sale price by year: 2011 AED 1,180,000; 2013 AED 1,264,200Sold by developer, November 2010: AED 1,314,375 (AED 737 per sqft)Sold, July 2014: AED 1,800,000 (AED 1,009 per sqft)

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

Rents
Unit 702, each contractTypical two-bed in SP Oasis
50K100K150K2012201620202024Typical 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, September 2013: AED 140,000 a yearNew contract, July 2014: AED 160,000 a yearNew contract, August 2015: AED 120,000 a yearNew contract, November 2021: AED 68,000 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 702 sits

All 14 2-beds →

702 last sold in July 2014 at AED 1,009 per sqft, 20% above what two-beds in SP Oasis were fetching at the time (AED 842). 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. 702's AED 68,000 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
7012-bedAED 1M · Oct 2023
7035-bedNo registered sale
7045-bedNo registered sale
7052-bedAED 1.17M · Jan 2023
7062-bedNo registered sale

702, SP Oasis in numbers

  • Sold twice: first on 2 November 2010 for AED 1,314,375, last on 3 July 2014 for AED 1,800,000 (AED 1,009 per sqft).
  • Rented since September 2013 on 4 Ejari contracts, from AED 140,000 to AED 68,000 a year.
  • At AED 68,000 a year the gross yield on the 2014 price is 3.8%, before a service charge of about AED 29,100 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 2 November 2021.

Questions about 702, SP Oasis

What did unit 702 last sell for?

AED 1,800,000 on 3 July 2014: AED 1,009 per sqft for 1,782 sqft. The unit has 2 registered sales; the first was AED 1,314,375 in November 2010.

What is the rent for unit 702?

AED 68,000 a year on the contract signed on 2 November 2021. The previous contract, from August 2015, was AED 120,000; the unit has been rented since September 2013.

How big is unit 702?

1,782 sqft (165.6 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2010.

What is unit 702 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 702, SP Oasis

Starts from the last sale price (AED 1.8M, 3 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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