718, University View B
Sold prices and rental history: sold 3 times, last in April 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 718, University View B
What is 718 worth today?
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Source: Dubai Land Department. Updated 13 April 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 853 sqft
- Floor
- 7th of 8
- Parking
- G-362
- Developer
- Vakson First Property Development
- Completed
- 2008
- Service charge
- AED 9,100 /yr
- Last sold
- AED 410K · April 2023
- Building
- University View B
About 718, University View B
718 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 13 April 2023 for AED 410,000, or AED 480 per sqft, in line with the AED 493 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 November 2022, is AED 36,000 a year: a gross yield of 8.8% on the 2023 price, before the service charge of about AED 9,100 a year.
Sales and rents for 718 over time
718 has sold 3 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 718 sits
All 55 1-beds →718 last sold in April 2023 at AED 480 per sqft, in line with what one-beds in University View B were fetching at the time (AED 493). 718's AED 36,000 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 | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 853 sqft | AED 495KAED 495,000 · Apr 2023April 2023 | 35,500 /yr | |
| 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 | |
| 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 |
718, University View B in numbers
- Sold 3 times: first on 21 May 2013 for AED 410,000, last on 13 April 2023 for AED 410,000 (AED 480 per sqft).
- Rented since April 2013 on 7 Ejari contracts. The rent fell from AED 45,000 to AED 30,000 in 2021 and recovered to AED 36,000 by November 2022.
- At AED 36,000 a year the gross yield on the 2023 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 13 April 2023.
Questions about 718, University View B
What did unit 718 last sell for?
AED 410,000 on 13 April 2023: AED 480 per sqft for 853 sqft. The unit has 3 registered sales; the first was AED 410,000 in May 2013.
What is the rent for unit 718?
AED 36,000 a year on the contract signed on 1 November 2022. The previous contract, from February 2022, was AED 33,000; the unit has been rented since April 2013.
How big is unit 718?
853 sqft (79.2 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2008.
What is unit 718 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 718, University View B
Starts from the last sale price (AED 410K, 13 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 410,000
- Deposit, UAE resident (20%)
- AED 82,000
- Deposit, non-resident (40%)
- AED 164,000
- Monthly over 25 years at 3.7%
- AED 1,677
Plus AED 20,130 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →