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2-bed · 914 sqftUniversity View B, Dubai Silicon Oasis · 5th floor · completed 2008

506, University View B

Sold prices and rental history: sold 3 times, last in September 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 18 November 2024
Last soldAED 710K28 September 2014
Current rentAED 41K /yr18 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, University View B

What is 506 worth today?

Last sold for AED 710,000 in 2014

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18 Nov 2024RentedRenewal
AED 41,000/yr12 months · AED 45 per sqft
18 Nov 2023RentedRenewal
AED 38,000/yr12 months · AED 42 per sqft
18 Nov 2022RentedNew contract
AED 36,000/yr12 months · AED 39 per sqft
14 May 2022RentedNew contract
AED 33,000/yr12 months · AED 36 per sqft
10 Nov 2020RentedRenewal
AED 32,000/yr12 months · AED 35 per sqft
10 Nov 2019RentedNew contract
AED 38,000/yr12 months · AED 42 per sqft
15 Oct 2018RentedNew contract
AED 42,000/yr12 months · AED 46 per sqft
24 Mar 2017RentedRenewal
AED 57,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 18 November 2024.

Key facts

Type
2-bed apartment
Size
914 sqft
Floor
5th of 8
Parking
206
Developer
Vakson First Property Development
Completed
2008
Service charge
AED 9,800 /yr
Last sold
AED 710K · September 2014
Building
University View B

About 506, University View B

506 is a two-bedroom apartment of 914 sqft on the 5th floor of University View B, a 8-storey tower in Dubai Silicon Oasis completed in 2008 by Vakson First Property Development . It last sold on 28 September 2014 for AED 710,000, or AED 776 per sqft, 25% above the AED 621 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 18 November 2024, is AED 41,000 a year: a gross yield of 5.8% on the 2014 price, before the service charge of about AED 9,800 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical two-bed in University View B
400K600K2010201420182022Typical sale price by year: 2010 AED 376,775; 2011 AED 380,000; 2012 AED 407,500; 2013 AED 437,656; 2014 AED 650,000; 2015 AED 460,000; 2016 AED 570,000; 2017 AED 540,000; 2018 AED 500,000; 2019 AED 568,438; 2020 AED 380,000; 2021 AED 355,000; 2023 AED 430,000Sold by developer, January 2011: AED 380,000 (AED 415 per sqft)Sold, October 2013: AED 460,000 (AED 503 per sqft)Sold, September 2014: AED 710,000 (AED 776 per sqft)

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

Rents
Unit 506, each contractTypical two-bed in University View B
40K60K2012201620202024Typical rent by year: 2012 AED 38,000; 2013 AED 45,000; 2014 AED 47,252; 2015 AED 60,000; 2016 AED 59,000; 2017 AED 55,650; 2018 AED 49,000; 2019 AED 42,000; 2020 AED 34,000; 2021 AED 32,000; 2022 AED 35,000; 2023 AED 39,285; 2024 AED 43,560; 2025 AED 46,000; 2026 AED 48,000New contract, February 2013: AED 36,000 a yearRenewal, February 2014: AED 39,600 a yearRenewal, February 2015: AED 60,000 a yearRenewal, March 2015: AED 60,000 a yearNew contract, March 2016: AED 60,000 a yearRenewal, March 2017: AED 57,000 a yearNew contract, October 2018: AED 42,000 a yearNew contract, November 2019: AED 38,000 a yearRenewal, November 2020: AED 32,000 a yearNew contract, May 2022: AED 33,000 a yearNew contract, November 2022: AED 36,000 a yearRenewal, November 2023: AED 38,000 a yearRenewal, November 2024: AED 41,000 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 University View B, and where 506 sits

All 99 2-beds →

506 last sold in September 2014 at AED 776 per sqft, 25% above what two-beds in University View B were fetching at the time (AED 621). Over the last 12 months two-beds sold for AED 755,000, around AED 897 per sqft, and rent for AED 42,000 to 67,000 a year. 506's AED 41,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Mar 2026755,000
4 Apr 2024490,000
8 Feb 2024465,000
9 Nov 2023450,000
1 2-bed sale in the last 12 months

University View B

Building

160 apartments, studios to 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2008 by Vakson First Property Development . 10 sold in the last 12 months.

Typical price per sqft
AED 769
Typical sale
AED 670K
Typical rent
AED 48K /yr
Typical yield
7.8%
University View B, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 5th floor

All 160 units in University View B
Value
5011-bedAED 687K · Aug 2019
5021-bedAED 687K · Aug 2019
5032-bedAED 570K · Jul 2017
5042-bedAED 476K · May 2011
5052-bedAED 450K · Oct 2013
5071-bedAED 149K · Sep 2018
5082-bedAED 350K · Apr 2021
1–7 of 19

506, University View B in numbers

  • Sold 3 times: first on 10 January 2011 for AED 380,000, last on 28 September 2014 for AED 710,000 (AED 776 per sqft).
  • Rented since February 2013 on 13 Ejari contracts. The rent fell from AED 36,000 to AED 32,000 in 2020 and recovered to AED 41,000 by November 2024.
  • At AED 41,000 a year the gross yield on the 2014 price is 5.8%, before a service charge of about AED 9,800 a year (AED 10.68 per sqft).
  • Two-beds in University View B sold for AED 755,000–755,000 in the 12 months to November 2026; the building's median across all types is AED 769 per sqft.

Source: Dubai Land Department. Updated 18 November 2024.

Questions about 506, University View B

What did unit 506 last sell for?

AED 710,000 on 28 September 2014: AED 776 per sqft for 914 sqft. The unit has 3 registered sales; the first was AED 380,000 in January 2011.

What is the rent for unit 506?

AED 41,000 a year on the contract renewed on 18 November 2024. The previous contract, from November 2023, was AED 38,000; the unit has been rented since February 2013.

How big is unit 506?

914 sqft (84.9 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2008.

What is unit 506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in University View B sold for AED 755,000 to 755,000 in the last 12 months, around AED 897 per sqft.

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Mortgage on 506, University View B

Starts from the last sale price (AED 710K, 28 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 710,000
Deposit, UAE resident (20%)
AED 142,000
Deposit, non-resident (40%)
AED 284,000
Monthly over 25 years at 3.7%
AED 2,905

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