508, Le Presidium 2
Sold prices and rental history: sold twice, last in November 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Le Presidium 2
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 January 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 724 sqft
- Floor
- 5th of 11
- Parking
- B2-107
- Developer
- Credo Investments
- Completed
- 2016
- Service charge
- AED 10,200 /yr
- Last sold
- AED 587K · November 2016
- Building
- Le Presidium 2
About 508, Le Presidium 2
508 is a one-bedroom apartment of 724 sqft on the 5th floor of Le Presidium 2, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. It last sold on 24 November 2016 for AED 586,928, or AED 810 per sqft, 11% above the AED 731 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 1 January 2026, is AED 48,000 a year: a gross yield of 8.2% on the 2016 price, before the service charge of about AED 10,200 a year.
Sales and rents for 508 over time
508 has sold twice; 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 508 sits
All 71 1-beds →508 last sold in November 2016 at AED 810 per sqft, 11% above what one-beds in Le Presidium 2 were fetching at the time (AED 731). 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. 508's AED 48,000 is at the bottom 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 | |
| 506 | 1-bed | 912 sqft | AED 622KAED 621,500 · Dec 2015December 2015 | 50,935 /yr | |
| 507 | 2-bed | 1,274 sqft | AED 1MAED 1,000,272 · Aug 2016August 2016 | ||
| 509 | 1-bed | 1,010 sqft | AED 615KAED 615,000 · Nov 2021November 2021 | 55,000 /yr |
508, Le Presidium 2 in numbers
- Sold twice: first on 28 September 2015 for AED 495,221, last on 24 November 2016 for AED 586,928 (AED 810 per sqft).
- Rented since December 2016 on 10 Ejari contracts. The rent fell from AED 58,000 to AED 34,000 in 2020 and recovered to AED 48,000 by January 2026.
- At AED 48,000 a year the gross yield on the 2016 price is 8.2%, before a service charge of about AED 10,200 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: Dubai Land Department. Updated 1 January 2026.
Questions about 508, Le Presidium 2
What did unit 508 last sell for?
AED 586,928 on 24 November 2016: AED 810 per sqft for 724 sqft. The unit has 2 registered sales; the first was AED 495,221 in September 2015.
What is the rent for unit 508?
AED 48,000 a year on the contract renewed on 1 January 2026. The previous contract, from January 2025, was AED 48,000; the unit has been rented since December 2016.
How big is unit 508?
724 sqft (67.3 sqm): a one-bedroom apartment on the 5th floor of a 11-storey tower completed in 2016.
What is unit 508 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 508, Le Presidium 2
Starts from the last sale price (AED 587K, 24 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 586,928
- Deposit, UAE resident (20%)
- AED 117,386
- Deposit, non-resident (40%)
- AED 234,771
- Monthly over 25 years at 3.7%
- AED 2,401
Plus AED 29,661 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →