506, Al Falak Residence
Sold prices and rental history: sold once, by the developer in February 2019, 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 506, Al Falak Residence
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 3 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 696 sqft
- Floor
- 5th of 8
- Parking
- G-102
- Developer
- Al Falak Residenceo
- Completed
- 2015
- Service charge
- AED 8,200 /yr
- Last sold
- AED 500K · February 2019
- Building
- Al Falak Residence
About 506, Al Falak Residence
506 is a one-bedroom apartment of 696 sqft on the 5th 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 7 February 2019 for AED 500,000, or AED 718 per sqft, 12% below the AED 818 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 3 April 2025, is AED 39,456 a year: a gross yield of 7.9% on the 2019 price, before the service charge of about AED 8,200 a year.
Sales and rents for 506 over time
506 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Al Falak Residence, and where 506 sits
All 62 1-beds →506 last sold in February 2019 at AED 718 per sqft, 12% below what one-beds in Al Falak Residence were fetching at the time (AED 818). Over the last 12 months one-beds sold for AED 570,000 to 582,141, around AED 835 per sqft, and rent for AED 42,000 to 60,000 a year. 506's AED 39,456 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jan 202623 January 2026 | 690 sqft | 570,000 | 825 | ||
| 22 Jun 202522 June 2025 | 651 sqft | 605,000 | 928 | ||
| 18 Jun 202518 June 2025 | 611 sqft | 515,000 | 842 | ||
| 16 Jun 202516 June 2025 | 611 sqft | 525,000 | 858 |
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 5th floor
All 95 units in Al Falak Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,229 sqft | AED 745KAED 745,000 · Mar 2024March 2024 | 78,000 /yr | |
| 502 | 2-bed | 1,229 sqft | AED 730KAED 730,000 · Feb 2024February 2024 | 72,000 /yr | |
| 503 | 1-bed | 651 sqft | AED 550KAED 550,000 · Jun 2025June 2025 | 42,900 /yr | |
| 504 | 1-bed | 34 sqft | AED 599KAED 599,245 · Jan 2018January 2018 | 36,000 /yr | |
| 505 | 1-bed | 650 sqft | AED 525KAED 525,000 · May 2018May 2018 | 42,900 /yr | |
| 507 | 2-bed | 1,109 sqft | AED 985KAED 984,960 · Mar 2018March 2018 | ||
| 508 | 2-bed | 1,071 sqft | AED 790KAED 790,000 · May 2018May 2018 | ||
| 509 | 1-bed | 690 sqft | AED 603KAED 602,875 · Mar 2018March 2018 | 45,000 /yr | |
| 510 | 1-bed | 32 sqft | AED 637KAED 636,700 · Jan 2018January 2018 | 38,000 /yr | |
| 511 | 1-bed | 695 sqft | AED 609KAED 608,699 · Jan 2018January 2018 | 48,000 /yr | |
| 512 | 1-bed | 651 sqft | AED 586KAED 585,650 · Jan 2018January 2018 | 42,000 /yr |
506, Al Falak Residence in numbers
- Sold once: by Al Falak Residenceo on 7 February 2019 for AED 500,000, or AED 718 per sqft.
- Rented since April 2018 on 6 Ejari contracts. The rent fell from AED 45,000 to AED 26,000 in 2021 and recovered to AED 39,456 by April 2025.
- At AED 39,456 a year the gross yield on the 2019 price is 7.9%, before a service charge of about AED 8,200 a year (AED 11.74 per sqft).
- One-beds in Al Falak Residence sold for AED 570,000–582,141 in the 12 months to November 2026; the building's median across all types is AED 835 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 3 April 2025.
Questions about 506, Al Falak Residence
What did unit 506 last sell for?
AED 500,000 on 7 February 2019, sold by the developer: AED 718 per sqft for 696 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 39,456 a year on the contract signed on 3 April 2025. The previous contract, from April 2024, was AED 39,675; the unit has been rented since April 2018.
How big is unit 506?
696 sqft (64.7 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Falak Residence sold for AED 570,000 to 582,141 in the last 12 months, around AED 835 per sqft.
Selling 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, Al Falak Residence
Starts from the last sale price (AED 500K, 7 February 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →