301, Al Falak Residence
Sold prices and rental history: sold once, by the developer in March 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 301, Al Falak Residence
What is 301 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 25 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,220 sqft
- Floor
- 3rd of 8
- Parking
- G-27
- Developer
- Al Falak Residenceo
- Completed
- 2015
- Service charge
- AED 14,300 /yr
- Last sold
- AED 705K · March 2024
- Building
- Al Falak Residence
About 301, Al Falak Residence
301 is a two-bedroom apartment of 1,220 sqft on the 3rd floor of Al Falak Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Al Falak Residenceo. The developer sold it on 25 March 2024 for AED 705,000, or AED 578 per sqft, 3% below the AED 596 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 May 2023, is AED 50,000 a year: a gross yield of 7.1% on the 2024 price, before the service charge of about AED 14,300 a year.
Sales and rents for 301 over time
301 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Al Falak Residence, and where 301 sits
All 32 2-beds →301 last sold in March 2024 at AED 578 per sqft, 3% below what two-beds in Al Falak Residence were fetching at the time (AED 596). 301's AED 50,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jan 20253 January 2025 | 1,220 sqft | 820,000 | 672 | ||
| 19 Dec 202419 December 2024 | 1,220 sqft | 823,000 | 674 | ||
| 9 Oct 20249 October 2024 | 1,768 sqft | 830,000 | 469 | ||
| 13 Sep 202413 September 2024 | 1,931 sqft | 825,000 | 427 |
Al Falak Residence
Building95 apartments, 1-bed to 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2015 by Al Falak Residenceo. 2 sold in the last 12 months.
- Typical price per sqft
- AED 835
- Typical sale
- AED 576K
- Typical rent
- AED 44K /yr
- Typical yield
- 7.9%
Other units on the 3rd floor
All 95 units in Al Falak Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 302 | 1-bed | 690 sqft | AED 570KAED 570,000 · Jan 2026January 2026 | 46,000 /yr | |
| 303 | 2-bed | 1,220 sqft | AED 660KAED 660,000 · Sep 2023September 2023 | 68,500 /yr | |
| 304 | 1-bed | 651 sqft | AED 390KAED 390,000 · Mar 2023March 2023 | 50,000 /yr | |
| 305 | 1-bed | 696 sqft | AED 575KAED 575,000 · May 2025May 2025 | 30,000 /yr | |
| 306 | 1-bed | 31 sqft | AED 629KAED 629,275 · Jan 2018January 2018 | 40,000 /yr | |
| 307 | 1-bed | 651 sqft | AED 615KAED 615,000 · Mar 2018March 2018 | 49,000 /yr | |
| 308 | 2-bed | 1,191 sqft | AED 680KAED 680,000 · Nov 2023November 2023 | 75,000 /yr | |
| 309 | 1-bed | 697 sqft | AED 500KAED 500,000 · May 2019May 2019 | 42,900 /yr | |
| 310 | 2-bed | 1,181 sqft | AED 750KAED 750,000 · May 2023May 2023 | 78,000 /yr | |
| 311 | 1-bed | 651 sqft | AED 520KAED 520,000 · Jul 2018July 2018 | ||
| 312 | 1-bed | 650 sqft | AED 565KAED 565,000 · Feb 2018February 2018 | 45,000 /yr | |
| 313 | 1-bed | 696 sqft | AED 315KAED 315,000 · Jan 2021January 2021 | 50,000 /yr | |
| 314 | 1-bed | 651 sqft | AED 560KAED 560,000 · Mar 2018March 2018 | 38,675 /yr |
301, Al Falak Residence in numbers
- Sold once: by Al Falak Residenceo on 25 March 2024 for AED 705,000, or AED 578 per sqft.
- Rented since January 2018 on 5 Ejari contracts, from AED 71,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2024 price is 7.1%, before a service charge of about AED 14,300 a year (AED 11.74 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 25 March 2024.
Questions about 301, Al Falak Residence
What did unit 301 last sell for?
AED 705,000 on 25 March 2024, sold by the developer: AED 578 per sqft for 1,220 sqft. It is the only registered sale of the unit.
What is the rent for unit 301?
AED 50,000 a year on the contract signed on 1 May 2023. The previous contract, from March 2022, was AED 48,000; the unit has been rented since January 2018.
How big is unit 301?
1,220 sqft (113.3 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2015.
What is unit 301 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 301, Al Falak Residence
Starts from the last sale price (AED 705K, 25 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 705,000
- Deposit, UAE resident (20%)
- AED 141,000
- Deposit, non-resident (40%)
- AED 282,000
- Monthly over 25 years at 3.7%
- AED 2,884
Plus AED 34,620 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →