506, Le Presidium 2
Sold prices and rental history: sold once, by the developer in December 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Le Presidium 2
What is 506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 September 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 912 sqft
- Floor
- 5th of 11
- Parking
- B2-109
- Developer
- Credo Investments
- Completed
- 2016
- Service charge
- AED 12,900 /yr
- Last sold
- AED 622K · December 2015
- Building
- Le Presidium 2
About 506, Le Presidium 2
506 is a one-bedroom apartment of 912 sqft on the 5th floor of Le Presidium 2, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. The developer sold it on 20 December 2015 for AED 621,500, or AED 681 per sqft, in line with the AED 683 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 20 September 2025, is AED 50,935 a year: a gross yield of 8.2% on the 2015 price, before the service charge of about AED 12,900 a year.
Sales and rents for 506 over time
506 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 2, and where 506 sits
All 71 1-beds →506 last sold in December 2015 at AED 681 per sqft, in line with what one-beds in Le Presidium 2 were fetching at the time (AED 683). Over the last 12 months one-beds sold for AED 710,000, around AED 980 per sqft, and rent for AED 48,000 to 75,000 a year. 506's AED 50,935 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 May 202520 May 2025 | 724 sqft | 655,000 | 904 | ||
| 13 May 202513 May 2025 | 724 sqft | 730,000 | 1,008 | ||
| 1 May 20251 May 2025 | 724 sqft | 680,000 | 939 | ||
| 26 Feb 202526 February 2025 | 912 sqft | 690,000 | 756 |
Le Presidium 2
Building95 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%
Other units on the 5th floor
All 95 units in Le Presidium 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 1,009 sqft | AED 650KAED 650,000 · Mar 2021March 2021 | ||
| 502 | 1-bed | 724 sqft | AED 500KAED 500,000 · Feb 2023February 2023 | 34,000 /yr | |
| 503 | 2-bed | 1,280 sqft | AED 1.06MAED 1,060,000 · Oct 2023October 2023 | 66,169 /yr | |
| 504 | 1-bed | 912 sqft | AED 710KAED 710,000 · May 2024May 2024 | ||
| 505 | 1-bed | 906 sqft | AED 617KAED 616,862 · Dec 2015December 2015 | 50,935 /yr | |
| 507 | 2-bed | 1,274 sqft | AED 1MAED 1,000,272 · Aug 2016August 2016 | ||
| 508 | 1-bed | 724 sqft | AED 587KAED 586,928 · Nov 2016November 2016 | 48,000 /yr | |
| 509 | 1-bed | 1,010 sqft | AED 615KAED 615,000 · Nov 2021November 2021 | 55,000 /yr |
506, Le Presidium 2 in numbers
- Sold once: by Credo Investments on 20 December 2015 for AED 621,500, or AED 681 per sqft.
- Rented since May 2017 on 8 Ejari contracts. The rent fell from AED 66,000 to AED 42,000 in 2021 and recovered to AED 50,935 by September 2025.
- At AED 50,935 a year the gross yield on the 2015 price is 8.2%, before a service charge of about AED 12,900 a year (AED 14.13 per sqft).
- One-beds in Le Presidium 2 sold for AED 710,000–710,000 in the 12 months to November 2026; the building's median across all types is AED 1,067 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 20 September 2025.
Questions about 506, Le Presidium 2
What did unit 506 last sell for?
AED 621,500 on 20 December 2015, sold by the developer: AED 681 per sqft for 912 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 50,935 a year on the contract renewed on 20 September 2025. The previous contract, from September 2024, was AED 48,510; the unit has been rented since May 2017.
How big is unit 506?
912 sqft (84.7 sqm): a one-bedroom apartment on the 5th floor of a 11-storey tower completed in 2016.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Le Presidium 2 sold for AED 710,000 to 710,000 in the last 12 months, around AED 980 per sqft.
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Mortgage on 506, Le Presidium 2
Starts from the last sale price (AED 622K, 20 December 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 621,500
- Deposit, UAE resident (20%)
- AED 124,300
- Deposit, non-resident (40%)
- AED 248,600
- Monthly over 25 years at 3.7%
- AED 2,543
Plus AED 31,113 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →