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2-bed · 1,274 sqftLe Presidium 2, Dubai Silicon Oasis · 11th floor · completed 2016

1107, Le Presidium 2

Sold prices and rental history: sold once, by the developer in July 2018, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1107 · DLD and Ejari recordsUpdated 8 September 2021
Last soldAED 1.2M30 July 2018
Current rentAED 38K /yr8 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1107, Le Presidium 2

What is 1107 worth today?

Last sold for AED 1,200,000 in 2018

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8 Sep 2021RentedNew contract
AED 37,790/yr12 months · AED 30 per sqft
7 Jul 2021RentedNew contract
AED 65,000/yr12 months · AED 51 per sqft
2 Mar 2019RentedRenewal
AED 78,000/yr12 months · AED 61 per sqft
30 Jul 2018Sold by developerReady
AED 1,200,000AED 942 per sqft

Source: Dubai Land Department. Updated 8 September 2021.

Key facts

Type
2-bed apartment
Size
1,274 sqft
Floor
11th of 11
Parking
B1-113
Developer
Credo Investments
Completed
2016
Service charge
AED 18,000 /yr
Last sold
AED 1.2M · July 2018
Building
Le Presidium 2

About 1107, Le Presidium 2

1107 is a two-bedroom apartment of 1,274 sqft on the 11th floor of Le Presidium 2, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. The developer sold it on 30 July 2018 for AED 1,200,000, or AED 942 per sqft, in line with the AED 920 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 8 September 2021, is AED 37,790 a year: a gross yield of 3.1% on the 2018 price, before the service charge of about AED 18,000 a year.

Sales and rents for 1107 over time

Sales
Unit 1107, each saleTypical two-bed in Le Presidium 2
1M1.5M2015201820212024Typical sale price by year: 2015 AED 1,572,864; 2016 AED 997,636; 2017 AED 924,736; 2018 AED 1,200,000; 2024 AED 1,170,000Sold by developer, July 2018: AED 1,200,000 (AED 942 per sqft)

1107 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1107, each contractTypical two-bed in Le Presidium 2
50K75K100K2016201920222025Typical rent by year: 2016 AED 90,000; 2017 AED 89,000; 2018 AED 83,000; 2019 AED 76,500; 2020 AED 62,000; 2021 AED 60,000; 2022 AED 63,250; 2023 AED 66,000; 2024 AED 65,000; 2025 AED 91,000Renewal, March 2019: AED 78,000 a yearNew contract, July 2021: AED 65,000 a yearNew contract, September 2021: AED 37,790 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 Le Presidium 2, and where 1107 sits

All 20 2-beds →

1107 last sold in July 2018 at AED 942 per sqft, in line with what two-beds in Le Presidium 2 were fetching at the time (AED 920). Over the last 12 months two-beds sold for AED 1,470,000, around AED 1,154 per sqft, and rent for AED 82,000 to 95,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
7 May 20251,450,000
25 Oct 20241,300,000
28 Jun 20241,260,000
20 Jun 20241,170,000
1 2-bed sale in the last 12 months

Le Presidium 2

Building

95 apartments, 1-bed to 2-bed over 11 floors in Dubai Silicon Oasis, completed in 2016 by Credo Investments. 2 sold in the last 12 months.

Typical price per sqft
AED 1,067
Typical sale
AED 1.09M
Typical rent
AED 63K /yr
Typical yield
7.0%
Le Presidium 2, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 11th floor

All 95 units in Le Presidium 2
Value
11011-bedAED 950K · Oct 2024
11032-bedAED 1.25M · Jul 2018
11041-bedAED 750K · Jul 2018
11051-bedAED 715K · Oct 2018
11091-bedAED 990K · Dec 2024

1107, Le Presidium 2 in numbers

  • Sold once: by Credo Investments on 30 July 2018 for AED 1,200,000, or AED 942 per sqft.
  • Rented since March 2019 on 3 Ejari contracts, from AED 78,000 to AED 37,790 a year.
  • At AED 37,790 a year the gross yield on the 2018 price is 3.1%, before a service charge of about AED 18,000 a year (AED 14.13 per sqft).
  • Two-beds in Le Presidium 2 sold for AED 1,470,000–1,470,000 in the 12 months to November 2026; the building's median across all types is AED 1,067 per sqft.

Source: Dubai Land Department. Updated 8 September 2021.

Questions about 1107, Le Presidium 2

What did unit 1107 last sell for?

AED 1,200,000 on 30 July 2018, sold by the developer: AED 942 per sqft for 1,274 sqft. It is the only registered sale of the unit.

What is the rent for unit 1107?

AED 37,790 a year on the contract signed on 8 September 2021. The previous contract, from July 2021, was AED 65,000; the unit has been rented since March 2019.

How big is unit 1107?

1,274 sqft (118.4 sqm): a two-bedroom apartment on the 11th floor of a 11-storey tower completed in 2016.

What is unit 1107 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Le Presidium 2 sold for AED 1,470,000 to 1,470,000 in the last 12 months, around AED 1,154 per sqft.

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Mortgage on 1107, Le Presidium 2

Starts from the last sale price (AED 1.2M, 30 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →