3-bed · 1,486 sqftBinghati Apartments, Dubai Silicon Oasis · 6th floor · completed 2015

607, Binghati Apartments

Sold prices and rental history: sold once, by the developer in February 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 607 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 1.18M25 February 2016
Current rentAED 77K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 607, Binghati Apartments

What is 607 worth today?

Last sold for AED 1,176,841 in 2016

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1 Apr 2024RentedRenewal
AED 77,000/yr12 months · AED 52 per sqft
1 Apr 2023RentedNew contract
AED 70,000/yr12 months · AED 47 per sqft
1 Jan 2021RentedNew contract
AED 50,000/yr13 months · AED 34 per sqft
1 Nov 2019RentedNew contract
AED 70,000/yr12 months · AED 47 per sqft
25 May 2019RentedNew contract
AED 78,000/yr12 months · AED 52 per sqft
21 Feb 2018RentedNew contract
AED 92,000/yr11 months · AED 62 per sqft
30 Apr 2016RentedNew contract
AED 105,000/yr12 months · AED 71 per sqft
25 Feb 2016Sold by developerOff-plan
AED 1,176,841AED 791 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2024.

Key facts

Type
3-bed apartment
Size
1,486 sqft
Floor
6th of 9
Parking
G-89 , G-90
Developer
Binghatti
Completed
2015
Service charge
AED 15,300 /yr
Last sold
AED 1.18M · February 2016

About 607, Binghati Apartments

607 is a three-bedroom apartment of 1,486 sqft on the 6th floor of Binghati Apartments, a 9-storey tower in Dubai Silicon Oasis completed in 2015 by Binghatti. The developer sold it on 25 February 2016 for AED 1,176,841, or AED 791 per sqft, 19% above the AED 664 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 77,000 a year: a gross yield of 6.5% on the 2016 price, before the service charge of about AED 15,300 a year.

Sales and rents for 607 over time

Sales
Unit 607, each saleTypical three-bed in Binghati Apartments
800K1M1.2M2016201920222025Typical sale price by year: 2016 AED 1,150,921; 2021 AED 822,500; 2024 AED 1,050,000Sold by developer, February 2016: AED 1,176,841 (AED 791 per sqft)

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

Rents
Unit 607, each contractTypical three-bed in Binghati Apartments
50K100K2016201920222025Typical rent by year: 2018 AED 94,500; 2019 AED 75,000; 2020 AED 75,000; 2021 AED 70,000; 2022 AED 84,000; 2023 AED 122,000; 2024 AED 115,000; 2025 AED 110,000New contract, April 2016: AED 105,000 a yearNew contract, February 2018: AED 92,000 a yearNew contract, May 2019: AED 78,000 a yearNew contract, November 2019: AED 70,000 a yearNew contract, January 2021: AED 50,000 a yearNew contract, April 2023: AED 70,000 a yearRenewal, April 2024: AED 77,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Binghati Apartments, and where 607 sits

All 14 3-beds →

607 last sold in February 2016 at AED 791 per sqft, 19% above what three-beds in Binghati Apartments were fetching at the time (AED 664). 607's AED 77,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
14 Feb 20251,200,000
8 Jan 20251,500,000
10 Dec 20241,500,000
3 Jun 20241,000,000
0 3-bed sales in the last 12 months

Binghati Apartments

Building

222 apartments, studios to 3-bed over 9 floors in Dubai Silicon Oasis, completed in 2015 by Binghatti. 8 sold in the last 12 months.

Typical price per sqft
AED 847
Typical sale
AED 648K
Typical rent
AED 53K /yr
Typical yield
9.4%
Binghati Apartments, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 6th floor

All 222 units in Binghati Apartments
Value
6013-bedAED 1M · Jun 2024
6022-bedAED 938K · Feb 2016
6032-bedAED 1M · Feb 2016
6041-bedAED 662K · Feb 2016
6052-bedAED 890K · Jun 2024
6062-bedAED 544K · Jun 2023
6082-bedAED 1.25M · Feb 2016
1–7 of 24

607, Binghati Apartments in numbers

  • Sold once: by Binghatti on 25 February 2016 for AED 1,176,841, or AED 791 per sqft.
  • Rented since April 2016 on 7 Ejari contracts. The rent fell from AED 105,000 to AED 50,000 in 2021 and recovered to AED 77,000 by April 2024.
  • At AED 77,000 a year the gross yield on the 2016 price is 6.5%, before a service charge of about AED 15,300 a year (AED 10.32 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2024.

Questions about 607, Binghati Apartments

What did unit 607 last sell for?

AED 1,176,841 on 25 February 2016, sold by the developer: AED 791 per sqft for 1,486 sqft. It is the only registered sale of the unit.

What is the rent for unit 607?

AED 77,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 70,000; the unit has been rented since April 2016.

How big is unit 607?

1,486 sqft (138.1 sqm): a three-bedroom apartment on the 6th floor of a 9-storey tower completed in 2015.

What is unit 607 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 607, Binghati Apartments

Starts from the last sale price (AED 1.18M, 25 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,176,841
Deposit, UAE resident (20%)
AED 235,368
Deposit, non-resident (40%)
AED 470,736
Monthly over 25 years at 3.7%
AED 4,815

Plus AED 54,438 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →