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2-bed · 1,201 sqftCoral Residence, Dubai Silicon Oasis · 7th floor · completed 2010

708, Coral Residence

Sold prices and rental history: sold twice, last in April 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 19 April 2022
Last soldAED 680K19 April 2022
Current rentAED 61K /yr8 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Coral Residence

What is 708 worth today?

Last sold for AED 680,000 in 2022

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19 Apr 2022SoldReady
AED 680,000AED 566 per sqft
8 Aug 2020RentedRenewal
AED 61,000/yr13 months · AED 51 per sqft
8 Aug 2019RentedNew contract
AED 61,000/yr12 months · AED 51 per sqft
13 Jul 2018RentedRenewal
AED 73,203/yr12 months · AED 61 per sqft
13 Jul 2017RentedRenewal
AED 80,000/yr12 months · AED 66 per sqft
31 Jul 2013Sold by developerReady
AED 1,426,795AED 1,187 per sqft
10 Jul 2013RentedNew contract
AED 60,000/yr12 months · AED 50 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 19 April 2022.

Key facts

Type
2-bed apartment
Size
1,201 sqft
Floor
7th of 8
Parking
B - 21, 22
Developer
Deyaar
Completed
2010
Service charge
AED 15,400 /yr
Last sold
AED 680K · April 2022
Building
Coral Residence

About 708, Coral Residence

708 is a two-bedroom apartment of 1,201 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 19 April 2022 for AED 680,000, or AED 566 per sqft.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 8 August 2020, is AED 61,000 a year: a gross yield of 9.0% on the 2022 price, before the service charge of about AED 15,400 a year.

Sales and rents for 708 over time

Sales
Unit 708, each saleTypical two-bed in Coral Residence
1M1.5M20092013201720212025Typical 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, July 2013: AED 1,426,795 (AED 1,187 per sqft)Sold, April 2022: AED 680,000 (AED 566 per sqft)

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

Rents
Unit 708, 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, July 2013: AED 60,000 a yearRenewal, July 2017: AED 80,000 a yearRenewal, July 2018: AED 73,203 a yearNew contract, August 2019: AED 61,000 a yearRenewal, August 2020: AED 61,000 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 708 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
7012-bedAED 730K · Sep 2023
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
1–7 of 13

708, Coral Residence in numbers

  • Sold twice: first on 31 July 2013 for AED 1,426,795, last on 19 April 2022 for AED 680,000 (AED 566 per sqft).
  • Rented since July 2013 on 5 Ejari contracts, from AED 60,000 to AED 61,000 a year.
  • At AED 61,000 a year the gross yield on the 2022 price is 9.0%, before a service charge of about AED 15,400 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 19 April 2022.

Questions about 708, Coral Residence

What did unit 708 last sell for?

AED 680,000 on 19 April 2022: AED 566 per sqft for 1,201 sqft. The unit has 2 registered sales; the first was AED 1,426,795 in July 2013.

What is the rent for unit 708?

AED 61,000 a year on the contract renewed on 8 August 2020. The previous contract, from August 2019, was AED 61,000; the unit has been rented since July 2013.

How big is unit 708?

1,201 sqft (111.6 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.

What is unit 708 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 708, Coral Residence

Starts from the last sale price (AED 680K, 19 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 680,000
Deposit, UAE resident (20%)
AED 136,000
Deposit, non-resident (40%)
AED 272,000
Monthly over 25 years at 3.7%
AED 2,782

Plus AED 33,570 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →