703, Royal Residence 2
Sold prices and rental history: sold once, by the developer in September 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Royal Residence 2
What is 703 worth today?
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Source: Dubai Land Department. Updated 20 September 2021.
Key facts
- Type
- Studio apartment
- Size
- 440 sqft
- Floor
- 7th of 13
- Parking
- B2-47
- Developer
- Pan Global Development
- Completed
- 2015
- Service charge
- AED 6,700 /yr
- Last sold
- AED 470K · September 2016
- Building
- Royal Residence 2
About 703, Royal Residence 2
703 is a studio of 440 sqft on the 7th floor of Royal Residence 2, a 13-storey tower in Dubai Sports City completed in 2015 by Pan Global Development. The developer sold it on 6 September 2016 for AED 470,000, or AED 1,068 per sqft, 11% above the AED 963 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 20 September 2021, is AED 20,000 a year: a gross yield of 4.3% on the 2016 price, before the service charge of about AED 6,700 a year.
Sales and rents for 703 over time
703 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Royal Residence 2, and where 703 sits
All 95 studios →703 last sold in September 2016 at AED 1,068 per sqft, 11% above what studios in Royal Residence 2 were fetching at the time (AED 963). Over the last 12 months studios sold for AED 410,000 to 500,000, around AED 1,068 per sqft, and rent for AED 27,000 to 72,000 a year. 703's AED 20,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Sep 202614 September 2026 | 433 sqft | 410,000 | 945 | ||
| 2 Jun 20262 June 2026 | 440 sqft | 450,000 | 1,022 | ||
| 11 Mar 202611 March 2026 | 414 sqft | 450,000 | 1,087 | ||
| 26 Jan 202626 January 2026 | 434 sqft | 455,000 | 1,048 |
Royal Residence 2
Building189 apartments, studios to 3-bed over 13 floors in Dubai Sports City, completed in 2015 by Pan Global Development. 13 sold in the last 12 months.
- Typical price per sqft
- AED 1,022 Up 26.2%
- Typical sale
- AED 480K
- Typical rent
- AED 45K /yr
- Typical yield
- 7.8%
Other units on the 7th floor
All 189 units in Royal Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 954 sqft | AED 560KAED 560,000 · Jul 2024July 2024 | 60,000 /yr | |
| 702 | 2-bed | 1,155 sqft | AED 1.01MAED 1,014,881 · Jul 2016July 2016 | 72,000 /yr | |
| 704 | Studio | 434 sqft | AED 470KAED 470,000 · Sep 2016September 2016 | 35,000 /yr | |
| 705 | Studio | 433 sqft | AED 410KAED 410,000 · Sep 2026September 2026 | 34,000 /yr | |
| 706 | Studio | 418 sqft | AED 461KAED 461,283 · May 2009May 2009 | ||
| 707 | Studio | 417 sqft | AED 500KAED 500,000 · Jul 2025July 2025 | 49,000 /yr | |
| 708 | Studio | 414 sqft | AED 536KAED 536,340 · Oct 2015October 2015 | 38,000 /yr | |
| 709 | Studio | 436 sqft | AED 450KAED 450,000 · Aug 2016August 2016 | 18,000 /yr | |
| 710 | Studio | 440 sqft | AED 225KAED 225,000 · Aug 2020August 2020 | 36,000 /yr | |
| 711 | 1-bed | 961 sqft | AED 500KAED 500,000 · Jan 2020January 2020 | 55,000 /yr | |
| 712 | 2-bed | 1,159 sqft | AED 580KAED 580,000 · Dec 2020December 2020 | 58,000 /yr | |
| 713 | 1-bed | 691 sqft | AED 610KAED 610,000 · Mar 2016March 2016 | 50,000 /yr | |
| 714 | 1-bed | 775 sqft | AED 400KAED 400,000 · Nov 2022November 2022 | 58,000 /yr | |
| 715 | 1-bed | 775 sqft | AED 665KAED 665,000 · Aug 2016August 2016 | 60,320 /yr | |
| 716 | 1-bed | 690 sqft | AED 510KAED 510,000 · Jun 2018June 2018 | 50,000 /yr |
703, Royal Residence 2 in numbers
- Sold once: by Pan Global Development on 6 September 2016 for AED 470,000, or AED 1,068 per sqft.
- Rented since July 2017 on 5 Ejari contracts, from AED 46,000 to AED 20,000 a year.
- At AED 20,000 a year the gross yield on the 2016 price is 4.3%, before a service charge of about AED 6,700 a year (AED 15.12 per sqft).
- Studios in Royal Residence 2 sold for AED 410,000–500,000 in the 12 months to November 2026; the building's median across all types is AED 1,022 per sqft.
Source: Dubai Land Department. Updated 20 September 2021.
Questions about 703, Royal Residence 2
What did unit 703 last sell for?
AED 470,000 on 6 September 2016, sold by the developer: AED 1,068 per sqft for 440 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 20,000 a year on the contract renewed on 20 September 2021. The previous contract, from September 2020, was AED 20,000; the unit has been rented since July 2017.
How big is unit 703?
440 sqft (40.9 sqm): a studio on the 7th floor of a 13-storey tower completed in 2015.
What is unit 703 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Royal Residence 2 sold for AED 410,000 to 500,000 in the last 12 months, around AED 1,068 per sqft.
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Mortgage on 703, Royal Residence 2
Starts from the last sale price (AED 470K, 6 September 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 470,000
- Deposit, UAE resident (20%)
- AED 94,000
- Deposit, non-resident (40%)
- AED 188,000
- Monthly over 25 years at 3.7%
- AED 1,923
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →