701, Ruby Residence
Sold prices and rental history: sold once, by the developer in July 2015, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Ruby Residence
What is 701 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,201 sqft
- Floor
- 7th of 8
- Parking
- B - 08 , 09
- Developer
- Deyaar
- Completed
- 2010
- Service charge
- AED 17,000 /yr
- Last sold
- AED 1.13M · July 2015
- Building
- Ruby Residence
About 701, Ruby Residence
701 is a two-bedroom apartment of 1,201 sqft on the 7th floor of Ruby Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Deyaar. The developer sold it on 26 July 2015 for AED 1,129,382, or AED 939 per sqft, 13% above the AED 832 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 15 July 2024, is AED 85,000 a year: a gross yield of 7.5% on the 2015 price, before the service charge of about AED 17,000 a year.
Sales and rents for 701 over time
701 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Ruby Residence, and where 701 sits
All 23 2-beds →701 last sold in July 2015 at AED 939 per sqft, 13% above what two-beds in Ruby Residence were fetching at the time (AED 832).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Feb 20257 February 2025 | 1,201 sqft | 1,265,000 | 1,052 | ||
| 12 Jul 202412 July 2024 | 1,113 sqft | 930,000 | 835 | ||
| 22 Jan 202422 January 2024 | 1,201 sqft | 910,000 | 757 | ||
| 11 Dec 202311 December 2023 | 1,201 sqft | 850,000 | 707 |
Ruby Residence
Building136 apartments, 1-bed to 3-bed over 8 floors in Dubai Silicon Oasis, completed in 2010 by Deyaar. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 67K /yr
- Typical yield
Other units on the 7th floor
All 136 units in Ruby Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 1,113 sqft | AED 981KAED 980,544 · Jan 2017January 2017 | 68,000 /yr | |
| 703 | 2-bed | 1,113 sqft | AED 981KAED 980,544 · Aug 2017August 2017 | 70,036 /yr | |
| 704 | 2-bed | 1,201 sqft | AED 910KAED 910,000 · Jan 2024January 2024 | 76,000 /yr | |
| 705 | 2-bed | 1,197 sqft | AED 1.1MAED 1,096,406 · Dec 2016December 2016 | 65,000 /yr | |
| 706 | 2-bed | 1,113 sqft | AED 930KAED 930,000 · Jul 2024July 2024 | 85,000 /yr | |
| 707 | 2-bed | 1,113 sqft | AED 720KAED 720,000 · Oct 2022October 2022 | 52,000 /yr | |
| 708 | 2-bed | 1,201 sqft | AED 533KAED 532,600 · Apr 2018April 2018 | 70,340 /yr | |
| 709 | 1-bed | 773 sqft | AED 590KAED 590,000 · Aug 2024August 2024 | 57,000 /yr | |
| 710 | 1-bed | 771 sqft | AED 755KAED 755,309 · Jul 2018July 2018 | 47,000 /yr | |
| 711 | 2-bed | 1,201 sqft | AED 850KAED 850,000 · Dec 2023December 2023 | 63,944 /yr | |
| 712 | 2-bed | 1,113 sqft | AED 550KAED 550,000 · May 2020May 2020 | 68,000 /yr | |
| 713 | 2-bed | 1,113 sqft | AED 1.01MAED 1,005,000 · Nov 2017November 2017 | 72,000 /yr | |
| 714 | 2-bed | 1,197 sqft | AED 489KAED 489,398 · Oct 2017October 2017 | 66,701 /yr |
701, Ruby Residence in numbers
- Sold once: by Deyaar on 26 July 2015 for AED 1,129,382, or AED 939 per sqft.
- Rented since August 2012 on 7 Ejari contracts, from AED 55,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2015 price is 7.5%, before a service charge of about AED 17,000 a year (AED 14.17 per sqft).
Source: Dubai Land Department. Updated 15 July 2024.
Questions about 701, Ruby Residence
What did unit 701 last sell for?
AED 1,129,382 on 26 July 2015, sold by the developer: AED 939 per sqft for 1,201 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 85,000 a year on the contract signed on 15 July 2024. The previous contract, from August 2023, was AED 65,000; the unit has been rented since August 2012.
How big is unit 701?
1,201 sqft (111.6 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.
What is unit 701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 701? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 701, Ruby Residence
Starts from the last sale price (AED 1.13M, 26 July 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,129,382
- Deposit, UAE resident (20%)
- AED 225,876
- Deposit, non-resident (40%)
- AED 451,753
- Monthly over 25 years at 3.7%
- AED 4,621
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →