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2-bed · 853 sqftUniversity View A, Dubai Silicon Oasis · 7th floor · completed 2008

704, University View A

Sold prices and rental history: sold twice, last in January 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 27 October 2024
Last soldAED 662K9 January 2014
Current rentAED 58K /yr27 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, University View A

What is 704 worth today?

Last sold for AED 662,395 in 2014

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27 Oct 2024RentedRenewal
AED 58,000/yr12 months · AED 68 per sqft
27 Oct 2023RentedNew contract
AED 56,000/yr12 months · AED 66 per sqft
15 Dec 2017RentedNew contract
AED 65,000/yr12 months · AED 76 per sqft
20 Jul 2017RentedNew contract
AED 75,000/yr12 months · AED 88 per sqft
9 Jan 2014SoldReady
AED 662,395AED 776 per sqft
6 Dec 2009Sold by developerReady
AED 600,000AED 703 per sqft

Source: Dubai Land Department. Updated 27 October 2024.

Key facts

Type
2-bed apartment
Size
853 sqft
Floor
7th of 8
Parking
274
Developer
Vakson First Property Development
Completed
2008
Service charge
AED 9,100 /yr
Last sold
AED 662K · January 2014
Building
University View A

About 704, University View A

704 is a two-bedroom apartment of 853 sqft on the 7th floor of University View A, a 8-storey tower in Dubai Silicon Oasis completed in 2008 by Vakson First Property Development . It last sold on 9 January 2014 for AED 662,395, or AED 776 per sqft, 30% above the AED 596 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 27 October 2024, is AED 58,000 a year: a gross yield of 8.8% on the 2014 price, before the service charge of about AED 9,100 a year.

Sales and rents for 704 over time

Sales
Unit 704, 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, December 2009: AED 600,000 (AED 703 per sqft)Sold, January 2014: AED 662,395 (AED 776 per sqft)

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

Rents
Unit 704, each contractTypical two-bed in University View A
40K60K80K20112015201920232027Typical 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, July 2017: AED 75,000 a yearNew contract, December 2017: AED 65,000 a yearNew contract, October 2023: AED 56,000 a yearRenewal, October 2024: AED 58,000 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 704 sits

All 94 2-beds →

704 last sold in January 2014 at AED 776 per sqft, 30% above what two-beds in University View A were fetching at the time (AED 596). 704's AED 58,000 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 7th floor

All 136 units in University View A
Value
7012-bedAED 662K · Jan 2014
7022-bedAED 662K · Jan 2014
7032-bedAED 662K · Jan 2014
7052-bedAED 653K · Jan 2014
7062-bedAED 710K · Jan 2014
7072-bedAED 662K · Jan 2014
7082-bedAED 662K · Jan 2014
1–7 of 16

704, University View A in numbers

  • Sold twice: first on 6 December 2009 for AED 600,000, last on 9 January 2014 for AED 662,395 (AED 776 per sqft).
  • Rented since July 2017 on 4 Ejari contracts, from AED 75,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2014 price is 8.8%, before a service charge of about AED 9,100 a year (AED 10.68 per sqft).

Source: Dubai Land Department. Updated 27 October 2024.

Questions about 704, University View A

What did unit 704 last sell for?

AED 662,395 on 9 January 2014: AED 776 per sqft for 853 sqft. The unit has 2 registered sales; the first was AED 600,000 in December 2009.

What is the rent for unit 704?

AED 58,000 a year on the contract renewed on 27 October 2024. The previous contract, from October 2023, was AED 56,000; the unit has been rented since July 2017.

How big is unit 704?

853 sqft (79.2 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2008.

What is unit 704 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 704, University View A

Starts from the last sale price (AED 662K, 9 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 662,395
Deposit, UAE resident (20%)
AED 132,479
Deposit, non-resident (40%)
AED 264,958
Monthly over 25 years at 3.7%
AED 2,710

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