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

702, University View B

Sold prices and rental history: sold 3 times, last in July 2017, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 495K26 July 2017
Current rentAED 45K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, University View B

What is 702 worth today?

Last sold for AED 495,000 in 2017

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1 Apr 2024RentedRenewal
AED 45,000/yr12 months · AED 53 per sqft
1 Apr 2023RentedRenewal
AED 40,480/yr12 months · AED 47 per sqft
1 Apr 2022RentedRenewal
AED 36,800/yr12 months · AED 43 per sqft
1 Apr 2021RentedRenewal
AED 32,000/yr12 months · AED 38 per sqft
1 Apr 2020RentedNew contract
AED 35,000/yr12 months · AED 41 per sqft
3 Jan 2019RentedNew contract
AED 40,000/yr12 months · AED 47 per sqft
26 Jul 2017SoldReady
AED 495,000AED 580 per sqft
1 Jun 2017RentedNew contract
AED 52,000/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
2-bed apartment
Size
853 sqft
Floor
7th of 8
Parking
314
Developer
Vakson First Property Development
Completed
2008
Service charge
AED 9,100 /yr
Last sold
AED 495K · July 2017
Building
University View B

About 702, University View B

702 is a two-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 26 July 2017 for AED 495,000, or AED 580 per sqft, 6% below the AED 618 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 45,000 a year: a gross yield of 9.1% on the 2017 price, before the service charge of about AED 9,100 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical two-bed in University View B
400K600K20102013201620192022Typical sale price by year: 2010 AED 391,014; 2011 AED 380,000; 2012 AED 400,000; 2013 AED 440,000; 2014 AED 650,000; 2015 AED 460,000; 2016 AED 596,000; 2017 AED 540,000; 2018 AED 500,000; 2019 AED 676,875; 2020 AED 380,000; 2021 AED 355,000Sold, March 2014: AED 671,000 (AED 786 per sqft)Sold by developer, March 2014: AED 450,000 (AED 527 per sqft)Sold, July 2017: AED 495,000 (AED 580 per sqft)

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

Rents
Unit 702, each contractTypical two-bed in University View B
40K60K2012201620202024Typical rent by year: 2012 AED 43,000; 2013 AED 45,000; 2014 AED 47,252; 2015 AED 57,809; 2016 AED 58,000; 2017 AED 55,000; 2018 AED 48,000; 2019 AED 42,000; 2020 AED 35,000; 2021 AED 32,000; 2022 AED 35,000; 2023 AED 39,470; 2024 AED 43,560; 2025 AED 46,000; 2026 AED 48,000New contract, November 2015: AED 70,000 a yearNew contract, June 2017: AED 52,000 a yearNew contract, January 2019: AED 40,000 a yearNew contract, April 2020: AED 35,000 a yearRenewal, April 2021: AED 32,000 a yearRenewal, April 2022: AED 36,800 a yearRenewal, April 2023: AED 40,480 a yearRenewal, April 2024: AED 45,000 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 B, and where 702 sits

All 101 2-beds →

702 last sold in July 2017 at AED 580 per sqft, 6% below what two-beds in University View B were fetching at the time (AED 618). Over the last 12 months two-beds sold for AED 700,000, around AED 832 per sqft, and rent for AED 43,560 to 65,000 a year. 702's AED 45,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Jan 2026700,000
8 Feb 2023380,000
26 Jan 2023420,000
11 Aug 2021390,000
1 2-bed sale in the last 12 months

University View B

Building

160 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%
University View B, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 160 units in University View B
Value
7011-bedAED 495K · Apr 2023
7032-bedAED 563K · Jun 2015
7041-bedAED 405K · Jun 2023
7051-bedAED 415K · Apr 2023
7062-bedAED 380K · Jun 2020
7072-bedAED 540K · Sep 2013
7082-bedAED 420K · Dec 2012
1–7 of 19

702, University View B in numbers

  • Sold 3 times: first on 2 March 2014 for AED 450,000, last on 26 July 2017 for AED 495,000 (AED 580 per sqft).
  • Rented since November 2015 on 8 Ejari contracts. The rent fell from AED 70,000 to AED 32,000 in 2021 and recovered to AED 45,000 by April 2024.
  • At AED 45,000 a year the gross yield on the 2017 price is 9.1%, before a service charge of about AED 9,100 a year (AED 10.68 per sqft).
  • Two-beds in University View B sold for AED 700,000–700,000 in the 12 months to November 2026; the building's median across all types is AED 832 per sqft.

Source: Dubai Land Department. Updated 1 April 2024.

Questions about 702, University View B

What did unit 702 last sell for?

AED 495,000 on 26 July 2017: AED 580 per sqft for 853 sqft. The unit has 3 registered sales; the first was AED 450,000 in March 2014.

What is the rent for unit 702?

AED 45,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 40,480; the unit has been rented since November 2015.

How big is unit 702?

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

What is unit 702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in University View B sold for AED 700,000 to 700,000 in the last 12 months, around AED 832 per sqft.

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Mortgage on 702, University View B

Starts from the last sale price (AED 495K, 26 July 2017). 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 →