2-bed · 1,274 sqftLe Presidium 2, Dubai Silicon Oasis · 6th floor · completed 2016

607, Le Presidium 2

Sold prices and rental history: sold twice, last in July 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 607 · DLD and Ejari recordsUpdated 24 July 2018
Last soldAED 1.09M24 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 607, Le Presidium 2

What is 607 worth today?

Last sold for AED 1,085,000 in 2018

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24 Jul 2018SoldReady
AED 1,085,000AED 851 per sqft
29 Nov 2016Sold by developerReady
AED 1,042,022AED 818 per sqft

Source: Dubai Land Department. Updated 24 July 2018.

Key facts

Type
2-bed apartment
Size
1,274 sqft
Floor
6th of 11
Parking
B2-78
Developer
Credo Investments
Completed
2016
Service charge
AED 18,000 /yr
Last sold
AED 1.09M · July 2018

About 607, Le Presidium 2

607 is a two-bedroom apartment of 1,274 sqft on the 6th floor of Le Presidium 2, a 11-storey tower in Dubai Silicon Oasis completed in 2016 by Credo Investments. It last sold on 24 July 2018 for AED 1,085,000, or AED 851 per sqft, 5% below the AED 898 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 607 over time

Sales
Unit 607, 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, November 2016: AED 1,042,022 (AED 818 per sqft)Sold, July 2018: AED 1,085,000 (AED 851 per sqft)

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

Rents
Unit 607, each contractTypical two-bed in Le Presidium 2
60K80K2016201920222025Typical 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 91,000

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 607 sits

All 20 2-beds →

607 last sold in July 2018 at AED 851 per sqft, 5% below what two-beds in Le Presidium 2 were fetching at the time (AED 898). 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 6th floor

All 95 units in Le Presidium 2
Value
6011-bedAED 763K · Nov 2016
6021-bedAED 415K · Mar 2021
6032-bedAED 1M · Oct 2016
6041-bedAED 668K · Sep 2016
6051-bedAED 663K · Sep 2016
6061-bedAED 668K · Aug 2016
6081-bedAED 495K · Oct 2016
1–7 of 8

607, Le Presidium 2 in numbers

  • Sold twice: first on 29 November 2016 for AED 1,042,022, last on 24 July 2018 for AED 1,085,000 (AED 851 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 24 July 2018.

Questions about 607, Le Presidium 2

What did unit 607 last sell for?

AED 1,085,000 on 24 July 2018: AED 851 per sqft for 1,274 sqft. The unit has 2 registered sales; the first was AED 1,042,022 in November 2016.

How big is unit 607?

1,274 sqft (118.4 sqm): a two-bedroom apartment on the 6th floor of a 11-storey tower completed in 2016.

What is unit 607 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 607, Le Presidium 2

Starts from the last sale price (AED 1.09M, 24 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,085,000
Deposit, UAE resident (20%)
AED 217,000
Deposit, non-resident (40%)
AED 434,000
Monthly over 25 years at 3.7%
AED 4,439

Plus AED 50,580 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →