1-bed · 764 sqftTopaz Residences 1, Dubai Silicon Oasis · 4th floor · completed 2016

408, Topaz Residences 1

Sold prices and rental history: sold once, by the developer in December 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 10 February 2023
Last soldAED 659K7 December 2015
Current rentAED 43K /yr10 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Topaz Residences 1

What is 408 worth today?

Last sold for AED 659,354 in 2015

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10 Feb 2023RentedNew contract
AED 43,000/yr12 months · AED 56 per sqft
1 Feb 2022RentedRenewal
AED 38,000/yr12 months · AED 50 per sqft
1 Feb 2021RentedNew contract
AED 36,000/yr12 months · AED 47 per sqft
8 Jun 2019RentedNew contract
AED 50,000/yr12 months · AED 65 per sqft
7 Dec 2015Sold by developerOff-plan
AED 659,354AED 863 per sqft

Source: Dubai Land Department. Updated 10 February 2023.

Key facts

Type
1-bed apartment
Size
764 sqft
Floor
4th of 8
Parking
G-92
Developer
Gulf General Investments Co
Completed
2016
Service charge
AED 9,800 /yr
Last sold
AED 659K · December 2015

About 408, Topaz Residences 1

408 is a one-bedroom apartment of 764 sqft on the 4th floor of Topaz Residences 1, a 8-storey tower in Dubai Silicon Oasis completed in 2016 by Gulf General Investments Co. The developer sold it on 7 December 2015 for AED 659,354, or AED 863 per sqft, 4% below the AED 902 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 10 February 2023, is AED 43,000 a year: a gross yield of 6.5% on the 2015 price, before the service charge of about AED 9,800 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Topaz Residences 1
600K20152018202120242027Typical sale price by year: 2015 AED 673,316; 2016 AED 672,855; 2017 AED 668,827; 2019 AED 615,000; 2020 AED 501,295; 2021 AED 460,000; 2022 AED 455,000; 2023 AED 495,000; 2024 AED 587,500; 2025 AED 672,500; 2026 AED 720,000Sold by developer, December 2015: AED 659,354 (AED 863 per sqft)

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

Rents
Unit 408, each contractTypical one-bed in Topaz Residences 1
40K50K60K20192021202320252027Typical rent by year: 2019 AED 46,000; 2020 AED 40,000; 2021 AED 36,000; 2022 AED 38,000; 2023 AED 43,000; 2024 AED 50,000; 2025 AED 56,000; 2026 AED 57,000New contract, June 2019: AED 50,000 a yearNew contract, February 2021: AED 36,000 a yearRenewal, February 2022: AED 38,000 a yearNew contract, February 2023: AED 43,000 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 Topaz Residences 1, and where 408 sits

All 136 1-beds →

408 last sold in December 2015 at AED 863 per sqft, 4% below what one-beds in Topaz Residences 1 were fetching at the time (AED 902). Over the last 12 months one-beds sold for AED 710,000 to 810,000, around AED 955 per sqft, and rent for AED 30,000 to 78,000 a year. 408's AED 43,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Jul 2026715,000
9 Jul 2026710,000
2 Jul 2026725,000
9 Feb 2026810,000
5 1-bed sales in the last 12 months

Topaz Residences 1

Building

136 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2016 by Gulf General Investments Co. 5 sold in the last 12 months.

Typical price per sqft
AED 955
Typical sale
AED 725K
Typical rent
AED 57K /yr
Typical yield
7.8%
Topaz Residences 1, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 4th floor

All 136 units in Topaz Residences 1
Value
4011-bedAED 697K · Dec 2015
4021-bedAED 767K · Dec 2015
4031-bedAED 503K · Jan 2020
4041-bedAED 529K · Jan 2020
4051-bedAED 758K · Dec 2015
4061-bedAED 686K · Dec 2015
4071-bedAED 654K · Dec 2015
1–7 of 16

408, Topaz Residences 1 in numbers

  • Sold once: by Gulf General Investments Co on 7 December 2015 for AED 659,354, or AED 863 per sqft.
  • Rented since June 2019 on 4 Ejari contracts. The rent fell from AED 50,000 to AED 36,000 in 2021 and recovered to AED 43,000 by February 2023.
  • At AED 43,000 a year the gross yield on the 2015 price is 6.5%, before a service charge of about AED 9,800 a year (AED 12.79 per sqft).
  • One-beds in Topaz Residences 1 sold for AED 710,000–810,000 in the 12 months to November 2026; the building's median across all types is AED 955 per sqft.

Source: Dubai Land Department. Updated 10 February 2023.

Questions about 408, Topaz Residences 1

What did unit 408 last sell for?

AED 659,354 on 7 December 2015, sold by the developer: AED 863 per sqft for 764 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 43,000 a year on the contract signed on 10 February 2023. The previous contract, from February 2022, was AED 38,000; the unit has been rented since June 2019.

How big is unit 408?

764 sqft (71.0 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2016.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Topaz Residences 1 sold for AED 710,000 to 810,000 in the last 12 months, around AED 955 per sqft.

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Mortgage on 408, Topaz Residences 1

Starts from the last sale price (AED 659K, 7 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 659,354
Deposit, UAE resident (20%)
AED 131,871
Deposit, non-resident (40%)
AED 263,742
Monthly over 25 years at 3.7%
AED 2,698

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