2-bed · 1,212 sqftCoral Residence, Dubai Silicon Oasis · 7th floor · completed 2010

701, Coral Residence

Sold prices and rental history: sold twice, last in September 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 13 September 2023
Last soldAED 730K13 September 2023
Current rentAED 49K /yr1 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Coral Residence

What is 701 worth today?

Last sold for AED 730,000 in 2023

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13 Sep 2023SoldReady
AED 730,000AED 602 per sqft
1 Nov 2021RentedRenewal
AED 49,000/yr12 months · AED 40 per sqft
1 Nov 2020RentedRenewal
AED 50,000/yr12 months · AED 41 per sqft
1 Nov 2019RentedNew contract
AED 58,000/yr12 months · AED 48 per sqft
2 May 2018RentedRenewal
AED 60,000/yr12 months · AED 49 per sqft
2 May 2017RentedRenewal
AED 60,000/yr12 months · AED 49 per sqft
30 Apr 2014RentedNew contract
AED 59,669/yr12 months · AED 49 per sqft
18 Sep 2013Sold by developerReady
AED 885,940AED 730 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 September 2023.

Key facts

Type
2-bed apartment
Size
1,212 sqft
Floor
7th of 8
Parking
B - 65, 68
Developer
Deyaar
Completed
2010
Service charge
AED 15,500 /yr
Last sold
AED 730K · September 2023

About 701, Coral Residence

701 is a two-bedroom apartment of 1,212 sqft on the 7th floor of Coral Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Deyaar. It last sold on 13 September 2023 for AED 730,000, or AED 602 per sqft.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 November 2021, is AED 49,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 15,500 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Coral Residence
800K1M1.2M20092013201720212025Typical sale price by year: 2009 AED 1,141,725; 2011 AED 781,292; 2012 AED 946,426; 2013 AED 881,866; 2014 AED 939,944; 2023 AED 715,000; 2024 AED 951,923Sold by developer, September 2013: AED 885,940 (AED 730 per sqft)Sold, September 2023: AED 730,000 (AED 602 per sqft)

701 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 701, each contractTypical two-bed in Coral Residence
60K80K2012201620202024Typical rent by year: 2012 AED 56,000; 2013 AED 55,000; 2014 AED 59,669; 2015 AED 75,000; 2016 AED 75,000; 2017 AED 75,000; 2018 AED 70,000; 2019 AED 62,000; 2020 AED 53,250; 2021 AED 47,000; 2022 AED 52,950; 2023 AED 57,345; 2024 AED 63,355; 2025 AED 66,613New contract, April 2013: AED 52,000 a yearNew contract, April 2014: AED 59,669 a yearRenewal, May 2017: AED 60,000 a yearRenewal, May 2018: AED 60,000 a yearNew contract, November 2019: AED 58,000 a yearRenewal, November 2020: AED 50,000 a yearRenewal, November 2021: AED 49,000 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 Coral Residence, and where 701 sits

All 26 2-beds →

Over the last 12 months two-beds sold for AED 1,025,000, around AED 920 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Jan 20261,025,000
7 Feb 20251,010,000
9 Oct 2024950,000
8 Jul 20241,141,725
1 2-bed sale in the last 12 months

Coral Residence

Building

145 apartments, 1-bed to 3-bed over 8 floors in Dubai Silicon Oasis, completed in 2010 by Deyaar. 5 sold in the last 12 months.

Typical price per sqft
AED 873
Typical sale
AED 675K
Typical rent
AED 52K /yr
Typical yield
7.3%
Coral Residence, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 145 units in Coral Residence
Value
7022-bedAED 690K · Jun 2019
7032-bedAED 779K · Apr 2012
7042-bedAED 700K · Dec 2023
7052-bedAED 690K · Mar 2023
7062-bedAED 695K · Apr 2022
7072-bedAED 900K · Jan 2014
7082-bedAED 680K · Apr 2022
1–7 of 13

701, Coral Residence in numbers

  • Sold twice: first on 18 September 2013 for AED 885,940, last on 13 September 2023 for AED 730,000 (AED 602 per sqft).
  • Rented since April 2013 on 7 Ejari contracts, from AED 52,000 to AED 49,000 a year.
  • At AED 49,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 15,500 a year (AED 12.82 per sqft).
  • Two-beds in Coral Residence sold for AED 1,025,000–1,025,000 in the 12 months to November 2026; the building's median across all types is AED 873 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 13 September 2023.

Questions about 701, Coral Residence

What did unit 701 last sell for?

AED 730,000 on 13 September 2023: AED 602 per sqft for 1,212 sqft. The unit has 2 registered sales; the first was AED 885,940 in September 2013.

What is the rent for unit 701?

AED 49,000 a year on the contract renewed on 1 November 2021. The previous contract, from November 2020, was AED 50,000; the unit has been rented since April 2013.

How big is unit 701?

1,212 sqft (112.6 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Coral Residence sold for AED 1,025,000 to 1,025,000 in the last 12 months, around AED 920 per sqft.

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Mortgage on 701, Coral Residence

Starts from the last sale price (AED 730K, 13 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 730,000
Deposit, UAE resident (20%)
AED 146,000
Deposit, non-resident (40%)
AED 292,000
Monthly over 25 years at 3.7%
AED 2,987

Plus AED 35,670 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →