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1-bed · 841 sqftUniversity View B, Dubai Silicon Oasis · 7th floor · completed 2008

705, University View B

Sold prices and rental history: sold 3 times, last in April 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 23 September 2024
Last soldAED 415K6 April 2023
Current rentAED 51K /yr23 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, University View B

What is 705 worth today?

Last sold for AED 415,000 in 2023

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23 Sep 2024RentedNew contract
AED 51,000/yr12 months · AED 61 per sqft
16 May 2023RentedNew contract
AED 34,903/yr13 months · AED 42 per sqft
6 Apr 2023SoldReady
AED 415,000AED 493 per sqft
15 Dec 2021RentedNew contract
AED 20,000/yr12 months · AED 24 per sqft
5 Jul 2020RentedNew contract
AED 33,000/yr12 months · AED 39 per sqft
15 May 2019RentedNew contract
AED 42,000/yr12 months · AED 50 per sqft
11 Nov 2018RentedNew contract
AED 48,000/yr12 months · AED 57 per sqft
6 Jun 2017RentedNew contract
AED 56,842/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 23 September 2024.

Key facts

Type
1-bed apartment
Size
841 sqft
Floor
7th of 8
Parking
G-346
Developer
Vakson First Property Development
Completed
2008
Service charge
AED 9,000 /yr
Last sold
AED 415K · April 2023
Building
University View B

About 705, University View B

705 is a one-bedroom apartment of 841 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 6 April 2023 for AED 415,000, or AED 493 per sqft.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 23 September 2024, is AED 51,000 a year: a gross yield of 12.3% on the 2023 price, before the service charge of about AED 9,000 a year.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical one-bed in University View B
400K600K2010201420182022Typical sale price by year: 2010 AED 396,566; 2011 AED 380,000; 2013 AED 437,656; 2014 AED 529,857; 2019 AED 460,000; 2023 AED 425,200; 2024 AED 498,000Sold by developer, October 2015: AED 445,000 (AED 529 per sqft)Sold, July 2016: AED 622,000 (AED 739 per sqft)Sold, April 2023: AED 415,000 (AED 493 per sqft)

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

Rents
Unit 705, each contractTypical one-bed in University View B
20K40K60K2012201620202024Typical rent by year: 2012 AED 34,000; 2013 AED 42,000; 2014 AED 44,275; 2015 AED 51,975; 2016 AED 54,287; 2017 AED 52,000; 2018 AED 48,000; 2019 AED 40,000; 2020 AED 32,486; 2021 AED 30,000; 2022 AED 33,600; 2023 AED 38,000; 2024 AED 45,075; 2025 AED 46,100; 2026 AED 47,900New contract, October 2012: AED 45,000 a yearNew contract, August 2013: AED 50,000 a yearNew contract, June 2016: AED 58,500 a yearNew contract, June 2017: AED 56,842 a yearNew contract, November 2018: AED 48,000 a yearNew contract, May 2019: AED 42,000 a yearNew contract, July 2020: AED 33,000 a yearNew contract, December 2021: AED 20,000 a yearNew contract, May 2023: AED 34,903 a yearNew contract, September 2024: AED 51,000 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 University View B, and where 705 sits

All 55 1-beds →

705's AED 51,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Dec 2024545,000
17 Jul 2024520,000
9 Jul 2024498,000
27 May 2024495,000
0 1-bed sales 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
7022-bedAED 495K · Jul 2017
7032-bedAED 563K · Jun 2015
7041-bedAED 405K · Jun 2023
7062-bedAED 380K · Jun 2020
7072-bedAED 540K · Sep 2013
7082-bedAED 420K · Dec 2012
1–7 of 19

705, University View B in numbers

  • Sold 3 times: first on 25 October 2015 for AED 445,000, last on 6 April 2023 for AED 415,000 (AED 493 per sqft).
  • Rented since October 2012 on 10 Ejari contracts. The rent fell from AED 45,000 to AED 20,000 in 2021 and recovered to AED 51,000 by September 2024.
  • At AED 51,000 a year the gross yield on the 2023 price is 12.3%, before a service charge of about AED 9,000 a year (AED 10.68 per sqft).

Source: Dubai Land Department. Updated 23 September 2024.

Questions about 705, University View B

What did unit 705 last sell for?

AED 415,000 on 6 April 2023: AED 493 per sqft for 841 sqft. The unit has 3 registered sales; the first was AED 445,000 in October 2015.

What is the rent for unit 705?

AED 51,000 a year on the contract signed on 23 September 2024. The previous contract, from May 2023, was AED 34,903; the unit has been rented since October 2012.

How big is unit 705?

841 sqft (78.1 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2008.

What is unit 705 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 705, University View B

Starts from the last sale price (AED 415K, 6 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 415,000
Deposit, UAE resident (20%)
AED 83,000
Deposit, non-resident (40%)
AED 166,000
Monthly over 25 years at 3.7%
AED 1,698

Plus AED 20,340 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →