702, Le Presidium 1
Sold prices and rental history: sold once, by the developer in August 2016, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Le Presidium 1
What is 702 worth today?
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Source: Dubai Land Department. Updated 5 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 724 sqft
- Floor
- 7th of 11
- Parking
- B1-33
- Developer
- Credo Investments
- Completed
- 2016
- Service charge
- AED 10,200 /yr
- Last sold
- AED 569K · August 2016
- Building
- Le Presidium 1
About 702, Le Presidium 1
702 is a one-bedroom apartment of 724 sqft on the 7th floor of Le Presidium 1, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. The developer sold it on 29 August 2016 for AED 568,509, or AED 785 per sqft, 7% above the AED 734 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 5 February 2025, is AED 48,000 a year: a gross yield of 8.4% on the 2016 price, before the service charge of about AED 10,200 a year.
Sales and rents for 702 over time
702 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 Le Presidium 1, and where 702 sits
All 76 1-beds →702 last sold in August 2016 at AED 785 per sqft, 7% above what one-beds in Le Presidium 1 were fetching at the time (AED 734). 702's AED 48,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jun 202523 June 2025 | 1,009 sqft | 925,000 | 916 | ||
| 31 Oct 202431 October 2024 | 1,009 sqft | 940,000 | 931 | ||
| 24 Oct 202424 October 2024 | 912 sqft | 750,000 | 822 | ||
| 20 May 202420 May 2024 | 1,010 sqft | 800,000 | 791 |
Le Presidium 1
Building99 apartments, 1-bed to 2-bed over 11 floors in Dubai Silicon Oasis, completed in 2016 by Credo Investments. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,177
- Typical sale
- AED 1.5M
- Typical rent
- AED 56K /yr
- Typical yield
- 6.1%
Other units on the 7th floor
All 99 units in Le Presidium 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 1,009 sqft | AED 789KAED 789,135 · Oct 2016October 2016 | 72,000 /yr | |
| 703 | 2-bed | 1,276 sqft | AED 937KAED 937,165 · Nov 2016November 2016 | ||
| 704 | 1-bed | 912 sqft | AED 691KAED 690,555 · Sep 2016September 2016 | ||
| 705 | 1-bed | 906 sqft | AED 600KAED 600,000 · Apr 2023April 2023 | 45,000 /yr | |
| 706 | 1-bed | 912 sqft | AED 750KAED 750,000 · Oct 2024October 2024 | 52,041 /yr | |
| 707 | 2-bed | 1,274 sqft | AED 1.12MAED 1,115,000 · Jan 2023January 2023 | 61,471 /yr | |
| 708 | 1-bed | 724 sqft | AED 569KAED 568,587 · Aug 2016August 2016 | 44,500 /yr | |
| 709 | 1-bed | 1,010 sqft | AED 789KAED 789,135 · Oct 2016October 2016 |
702, Le Presidium 1 in numbers
- Sold once: by Credo Investments on 29 August 2016 for AED 568,509, or AED 785 per sqft.
- Rented since February 2022 on 4 Ejari contracts, from AED 34,000 to AED 48,000 a year.
- At AED 48,000 a year the gross yield on the 2016 price is 8.4%, before a service charge of about AED 10,200 a year (AED 14.13 per sqft).
Source: Dubai Land Department. Updated 5 February 2025.
Questions about 702, Le Presidium 1
What did unit 702 last sell for?
AED 568,509 on 29 August 2016, sold by the developer: AED 785 per sqft for 724 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 48,000 a year on the contract renewed on 5 February 2025. The previous contract, from February 2024, was AED 44,000; the unit has been rented since February 2022.
How big is unit 702?
724 sqft (67.3 sqm): a one-bedroom apartment on the 7th floor of a 11-storey tower completed in 2016.
What is unit 702 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 702, Le Presidium 1
Starts from the last sale price (AED 569K, 29 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 568,509
- Deposit, UAE resident (20%)
- AED 113,702
- Deposit, non-resident (40%)
- AED 227,404
- Monthly over 25 years at 3.7%
- AED 2,326
Plus AED 28,887 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →