701, University View B
Sold prices and rental history: sold 5 times, last in April 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, University View B
What is 701 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 25 April 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 853 sqft
- Floor
- 7th of 8
- Parking
- G-313
- Developer
- Vakson First Property Development
- Completed
- 2008
- Service charge
- AED 9,100 /yr
- Last sold
- AED 495K · April 2023
- Building
- University View B
About 701, University View B
701 is a one-bedroom apartment of 853 sqft on the 7th floor of University View B, a 8-storey tower in Dubai Silicon Oasis completed in 2008 by Vakson First Property Development. It last sold on 25 April 2023 for AED 495,000, or AED 580 per sqft, 17% above the AED 497 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 5 December 2022, is AED 35,500 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 9,100 a year.
Sales and rents for 701 over time
701 has sold 5 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in University View B, and where 701 sits
All 55 1-beds →701 last sold in April 2023 at AED 580 per sqft, 17% above what one-beds in University View B were fetching at the time (AED 497). 701's AED 35,500 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Dec 202416 December 2024 | 853 sqft | 545,000 | 639 | ||
| 17 Jul 202417 July 2024 | 853 sqft | 520,000 | 609 | ||
| 9 Jul 20249 July 2024 | 853 sqft | 498,000 | 583 | ||
| 27 May 202427 May 2024 | 853 sqft | 495,000 | 580 |
University View B
Building160 apartments, studios 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 832
- Typical sale
- AED 700K
- Typical rent
- AED 49K /yr
- Typical yield
- 7.1%
Other units on the 7th floor
All 160 units in University View B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 853 sqft | AED 495KAED 495,000 · Jul 2017July 2017 | 45,000 /yr | |
| 703 | 2-bed | 853 sqft | AED 563KAED 562,875 · Jun 2015June 2015 | 50,000 /yr | |
| 704 | 1-bed | 853 sqft | AED 405KAED 405,000 · Jun 2023June 2023 | 44,000 /yr | |
| 705 | 1-bed | 841 sqft | AED 415KAED 415,000 · Apr 2023April 2023 | 51,000 /yr | |
| 706 | 2-bed | 914 sqft | AED 380KAED 380,000 · Jun 2020June 2020 | 42,350 /yr | |
| 707 | 2-bed | 853 sqft | AED 540KAED 540,000 · Sep 2013September 2013 | 40,000 /yr | |
| 708 | 2-bed | 853 sqft | AED 420KAED 420,000 · Dec 2012December 2012 | 51,000 /yr | |
| 709 | 2-bed | 853 sqft | AED 450KAED 450,000 · Apr 2013April 2013 | 47,000 /yr | |
| 710 | 1-bed | 488 sqft | AED 320KAED 320,000 · Apr 2013April 2013 | 30,250 /yr | |
| 711 | 1-bed | 488 sqft | AED 320KAED 320,000 · Apr 2013April 2013 | 33,000 /yr | |
| 712 | 2-bed | 853 sqft | AED 540KAED 540,000 · Sep 2017September 2017 | 50,000 /yr | |
| 713 | 1-bed | 853 sqft | AED 410KAED 410,000 · Jun 2023June 2023 | 72,000 /yr | |
| 714 | 2-bed | 853 sqft | AED 367KAED 367,000 · Apr 2021April 2021 | 32,000 /yr | |
| 715 | 2-bed | 914 sqft | AED 485KAED 485,000 · May 2013May 2013 | 56,000 /yr | |
| 716 | 2-bed | 841 sqft | AED 355KAED 355,000 · Nov 2020November 2020 | 55,000 /yr | |
| 717 | 2-bed | 853 sqft | AED 450KAED 450,000 · Jun 2015June 2015 | 45,045 /yr | |
| 718 | 1-bed | 853 sqft | AED 410KAED 410,000 · Apr 2023April 2023 | 36,000 /yr | |
| 719 | 1-bed | 853 sqft | AED 465KAED 465,000 · Feb 2024February 2024 | 39,100 /yr | |
| 720 | 2-bed | 853 sqft | AED 533KAED 533,250 · Jun 2015June 2015 | 44,000 /yr |
701, University View B in numbers
- Sold 5 times: first on 2 March 2014 for AED 450,000, last on 25 April 2023 for AED 495,000 (AED 580 per sqft).
- Rented since September 2015 on 8 Ejari contracts. The rent fell from AED 50,715 to AED 30,000 in 2022 and recovered to AED 35,500 by December 2022.
- At AED 35,500 a year the gross yield on the 2023 price is 7.2%, before a service charge of about AED 9,100 a year (AED 10.68 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 25 April 2023.
Questions about 701, University View B
What did unit 701 last sell for?
AED 495,000 on 25 April 2023: AED 580 per sqft for 853 sqft. The unit has 5 registered sales; the first was AED 450,000 in March 2014.
What is the rent for unit 701?
AED 35,500 a year on the contract signed on 5 December 2022. The previous contract, from June 2022, was AED 30,000; the unit has been rented since September 2015.
How big is unit 701?
853 sqft (79.2 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2008.
What is unit 701 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 701, University View B
Starts from the last sale price (AED 495K, 25 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 495,000
- Deposit, UAE resident (20%)
- AED 99,000
- Deposit, non-resident (40%)
- AED 198,000
- Monthly over 25 years at 3.7%
- AED 2,025
Plus AED 23,700 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →