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2-bed · 853 sqftUniversity View A, Dubai Silicon Oasis · 5th floor · completed 2008

514, University View A

Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 15 August 2017
Last soldAED 660K2 March 2014
Current rentAED 55K /yr15 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 514, University View A

What is 514 worth today?

Last sold for AED 660,000 in 2014

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15 Aug 2017RentedNew contract
AED 55,000/yr12 months · AED 65 per sqft
20 Aug 2015RentedNew contract
AED 55,000/yr12 months · AED 65 per sqft
2 Mar 2014Sold by developerReady
AED 660,000AED 773 per sqft
7 Aug 2013RentedRenewal
AED 36,400/yr12 months · AED 43 per sqft
7 Aug 2012RentedNew contract
AED 34,650/yr12 months · AED 41 per sqft

Source: Dubai Land Department. Updated 15 August 2017.

Key facts

Type
2-bed apartment
Size
853 sqft
Floor
5th of 8
Parking
246
Developer
Vakson First Property Development
Completed
2008
Service charge
AED 9,100 /yr
Last sold
AED 660K · March 2014
Building
University View A

About 514, University View A

514 is a two-bedroom apartment of 853 sqft on the 5th floor of University View A, a 8-storey tower in Dubai Silicon Oasis completed in 2008 by Vakson First Property Development. The developer sold it on 2 March 2014 for AED 660,000, or AED 773 per sqft, 10% above the AED 703 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 15 August 2017, is AED 55,000 a year: a gross yield of 8.3% on the 2014 price, before the service charge of about AED 9,100 a year.

Sales and rents for 514 over time

Sales
Unit 514, each saleTypical two-bed in University View A
400K600K800K2009201320172021Typical sale price by year: 2009 AED 480,000; 2010 AED 450,000; 2011 AED 415,000; 2012 AED 480,000; 2013 AED 450,000; 2014 AED 662,395; 2015 AED 796,160; 2016 AED 580,000; 2017 AED 550,000; 2018 AED 507,500; 2019 AED 425,000; 2020 AED 358,500; 2021 AED 376,358Sold by developer, March 2014: AED 660,000 (AED 773 per sqft)

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

Rents
Unit 514, each contractTypical two-bed in University View A
40K60K20112015201920232027Typical rent by year: 2011 AED 33,000; 2012 AED 36,000; 2013 AED 37,500; 2014 AED 43,470; 2015 AED 53,312; 2016 AED 54,830; 2017 AED 56,000; 2018 AED 50,000; 2019 AED 42,000; 2020 AED 36,000; 2021 AED 31,000; 2022 AED 34,500; 2023 AED 39,600; 2024 AED 43,560; 2025 AED 46,000; 2026 AED 45,000New contract, August 2012: AED 34,650 a yearRenewal, August 2013: AED 36,400 a yearNew contract, August 2015: AED 55,000 a yearNew contract, August 2017: AED 55,000 a year

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

2-beds in University View A, and where 514 sits

All 94 2-beds →

514 last sold in March 2014 at AED 773 per sqft, 10% above what two-beds in University View A were fetching at the time (AED 703). 514's AED 55,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Jan 2023400,000
14 Nov 2022385,000
2 Sep 2022385,000
29 Dec 2021400,000
0 2-bed sales in the last 12 months

University View A

Building

136 apartments, 1-bed to 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2008 by Vakson First Property Development. 1 sold in the last 12 months.

Typical price per sqft
AED 594
Typical sale
AED 500K
Typical rent
AED 46K /yr
Typical yield
10.2%
University View A, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 5th floor

All 136 units in University View A
Value
5012-bedAED 430K · Oct 2013
5021-bedAED 390K · Mar 2023
5032-bedAED 876K · Oct 2013
5041-bedAED 460K · Jun 2024
5052-bedAED 450K · Nov 2013
5061-bedAED 500K · Jun 2024
5072-bedAED 430K · Oct 2013
1–7 of 16

514, University View A in numbers

  • Sold once: by Vakson First Property Development on 2 March 2014 for AED 660,000, or AED 773 per sqft.
  • Rented since August 2012 on 4 Ejari contracts, from AED 34,650 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2014 price is 8.3%, before a service charge of about AED 9,100 a year (AED 10.68 per sqft).

Source: Dubai Land Department. Updated 15 August 2017.

Questions about 514, University View A

What did unit 514 last sell for?

AED 660,000 on 2 March 2014, sold by the developer: AED 773 per sqft for 853 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 55,000 a year on the contract signed on 15 August 2017. The previous contract, from August 2015, was AED 55,000; the unit has been rented since August 2012.

How big is unit 514?

853 sqft (79.2 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2008.

What is unit 514 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 514, University View A

Starts from the last sale price (AED 660K, 2 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 660,000
Deposit, UAE resident (20%)
AED 132,000
Deposit, non-resident (40%)
AED 264,000
Monthly over 25 years at 3.7%
AED 2,700

Plus AED 32,730 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →