1-bed · 773 sqftRuby Residence, Dubai Silicon Oasis · 7th floor · completed 2010

709, Ruby Residence

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 15 October 2024
Last soldAED 590K28 August 2024
Current rentAED 57K /yr15 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709, Ruby Residence

What is 709 worth today?

Last sold for AED 590,000 in 2024

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15 Oct 2024RentedNew contract
AED 57,000/yr12 months · AED 74 per sqft
28 Aug 2024SoldReady
AED 590,000AED 763 per sqft
25 Feb 2024RentedRenewal
AED 42,000/yr12 months · AED 54 per sqft
25 Feb 2022RentedRenewal
AED 33,000/yr12 months · AED 43 per sqft
15 Jun 2021SoldReady
AED 360,000AED 465 per sqft
25 Feb 2021RentedNew contract
AED 30,000/yr12 months · AED 39 per sqft
20 Dec 2019RentedRenewal
AED 42,000/yr12 months · AED 54 per sqft
20 Dec 2018RentedNew contract
AED 46,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 15 October 2024.

Key facts

Type
1-bed apartment
Size
773 sqft
Floor
7th of 8
Parking
B - 32
Developer
Deyaar
Completed
2010
Service charge
AED 11,000 /yr
Last sold
AED 590K · August 2024

About 709, Ruby Residence

709 is a one-bedroom apartment of 773 sqft on the 7th floor of Ruby Residence, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Deyaar. It last sold on 28 August 2024 for AED 590,000, or AED 763 per sqft, in line with the AED 745 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 15 October 2024, is AED 57,000 a year: a gross yield of 9.7% on the 2024 price, before the service charge of about AED 11,000 a year.

Sales and rents for 709 over time

Sales
Unit 709, each saleTypical one-bed in Ruby Residence
500K1M2009201420192024Typical sale price by year: 2009 AED 1,008,462; 2010 AED 741,795; 2011 AED 800,211; 2014 AED 786,192; 2015 AED 766,194; 2016 AED 678,281; 2017 AED 704,975; 2018 AED 647,655; 2019 AED 590,557; 2020 AED 390,000; 2021 AED 350,000; 2022 AED 382,500; 2023 AED 450,000; 2024 AED 550,000; 2025 AED 630,000Sold by developer, October 2016: AED 735,753 (AED 951 per sqft)Sold, June 2021: AED 360,000 (AED 465 per sqft)Sold, August 2024: AED 590,000 (AED 763 per sqft)

709 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 709, each contractTypical one-bed in Ruby Residence
40K60K2012201620202024Typical rent by year: 2012 AED 36,284; 2013 AED 40,000; 2014 AED 44,000; 2015 AED 48,400; 2016 AED 53,250; 2017 AED 53,361; 2018 AED 51,000; 2019 AED 42,000; 2020 AED 36,000; 2021 AED 31,000; 2022 AED 35,350; 2023 AED 41,525; 2024 AED 48,000; 2025 AED 53,000New contract, October 2014: AED 50,400 a yearNew contract, October 2015: AED 60,000 a yearRenewal, October 2016: AED 60,000 a yearNew contract, November 2017: AED 52,000 a yearNew contract, December 2018: AED 46,000 a yearRenewal, December 2019: AED 42,000 a yearNew contract, February 2021: AED 30,000 a yearRenewal, February 2022: AED 33,000 a yearRenewal, February 2024: AED 42,000 a yearNew contract, October 2024: AED 57,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Ruby Residence, and where 709 sits

All 97 1-beds →

709 last sold in August 2024 at AED 763 per sqft, in line with what one-beds in Ruby Residence were fetching at the time (AED 745). 709's AED 57,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Jul 2025670,000
4 Jun 2025645,000
15 May 2025660,000
11 Apr 2025630,000
0 1-bed sales in the last 12 months

Ruby Residence

Building

136 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
Ruby Residence, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 136 units in Ruby Residence
Value
7012-bedAED 1.13M · Jul 2015
7022-bedAED 981K · Jan 2017
7032-bedAED 981K · Aug 2017
7042-bedAED 910K · Jan 2024
7052-bedAED 1.1M · Dec 2016
7062-bedAED 930K · Jul 2024
7072-bedAED 720K · Oct 2022
1–7 of 13

709, Ruby Residence in numbers

  • Sold 3 times: first on 19 October 2016 for AED 735,753, last on 28 August 2024 for AED 590,000 (AED 763 per sqft).
  • Rented since October 2014 on 10 Ejari contracts. The rent fell from AED 50,400 to AED 30,000 in 2021 and recovered to AED 57,000 by October 2024.
  • At AED 57,000 a year the gross yield on the 2024 price is 9.7%, before a service charge of about AED 11,000 a year (AED 14.17 per sqft).

Source: Dubai Land Department. Updated 15 October 2024.

Questions about 709, Ruby Residence

What did unit 709 last sell for?

AED 590,000 on 28 August 2024: AED 763 per sqft for 773 sqft. The unit has 3 registered sales; the first was AED 735,753 in October 2016.

What is the rent for unit 709?

AED 57,000 a year on the contract signed on 15 October 2024. The previous contract, from February 2024, was AED 42,000; the unit has been rented since October 2014.

How big is unit 709?

773 sqft (71.8 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.

What is unit 709 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 709, Ruby Residence

Starts from the last sale price (AED 590K, 28 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 590,000
Deposit, UAE resident (20%)
AED 118,000
Deposit, non-resident (40%)
AED 236,000
Monthly over 25 years at 3.7%
AED 2,414

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →