Deyaar Ruby Residence Dubai Silicon Oasis Dubai

Ruby Residence is an eight-storey building of 138 homes that Deyaar completed in Dubai Silicon Oasis in 2009. PropertyPistol lists 3 BHK from AED 1.17 M (about Rs 3.01 crore); the building also has 1 and 2 BHK units, with 1 BHK averaging about 800 sq ft and 3 BHK running 1,500 to 1,800 sq ft.

This is a ready resale in an old building, and the numbers should be read that way. Bayut prints 3 BHK asking prices from AED 700,000 to 1.65 M, so AED 1.17 M is a mid-range ask, not a floor. Transaction data for the building sits at about AED 887 to 971 per sq ft, roughly half the DSO average of about AED 1,400 after a 17% rise in a year. What you are buying is space and yield at the value end of a repricing district, with a 2009 building's maintenance profile attached.

At a glance

Price and unit pricing

The Bayut range is too wide to be a price; it is a set of asks from different sellers for different floors and conditions. The transaction rate of AED 887 to 971 per sq ft is the number to anchor on: at 1,500 sq ft that is AED 1.33 M to 1.46 M, which makes the AED 1.17 M listing reasonable for a smaller or lower-floor 3 BHK and a good starting offer for a larger one.

Against the district: DSO has moved fast, up about 17% year on year to roughly AED 1,400 per sq ft on 2026 guides, driven by new launches. An eight-storey 2009 block will not trade at that rate, and should not; its discount is for age, finish and lift count. The yield, though, is district-wide — 7% gross on 3 BHK, 8.5% on 1 BHK, 9.3% on studios — and one data site prints 8.58% for Ruby Residence itself.

Payment and total cost

A ready resale: full payment at transfer, or a UAE mortgage. Worked on the listed AED 1.17 M:

Service charges: one portal quotes a DSO range of AED 10 to 50 per sq ft a year, which is too wide to plan on. On 1,650 sq ft that is AED 16,500 to 82,500 — the difference between a 7% and a 3% net yield. Get Ruby Residence's RERA-approved statement and the owners' association reserve-fund position before you make an offer; on a 2009 building a thin reserve means a special levy is coming.

Location and connectivity

Dubai Silicon Oasis is a free-zone technology district at the junction of Dubai-Al Ain Road and Sheikh Mohammed bin Zayed Road, about 20 minutes from Dubai International Airport and 20 to 25 from Downtown. It has its own mall (Silicon Central), schools, clinics and a large employer base in the free zone, with Academic City's universities next door. There is no metro; residents drive.

The district's appeal is exactly what Ruby Residence offers: family-sized flats at prices that still work for the people who work there. New DSO launches at AED 1,400 per sq ft are pulling the average up; older stock like this follows at a distance. If you want a newer Deyaar building for comparison, Park Five in Dubai Production City is the developer's current launch. See all Dubai projects we track and the projects list.

Amenities and specifications

The building has a sky leisure deck, swimming pool, garden, barbecue area, gym, multi-purpose hall and both basement and surface parking. Apartments have ensuite bedrooms, equipped kitchens, living rooms and balconies; the 3 BHK units have large living and dining areas, closed or semi-open kitchens and multiple balconies, and were designed as family flats rather than investor boxes.

It is a 2009 fit-out. Units that have been let continuously for 15 years will need kitchens, bathrooms and air-conditioning attention; price a refurbishment of AED 50,000 to 100,000 into any unit that has not had one. Inspect the lifts and common areas — they tell you how the owners' association has been spending.

About the developer

Deyaar Development PJSC is listed on the Dubai Financial Market, has operated for more than 20 years and puts its delivered total above 23 million sq ft. Ruby Residence is one of its early buildings. Its main community today is Midtown in Dubai Production City, where more than 2,200 homes have been handed over across Afnan, Mesk, Noor and Jannat, and in 2025 it announced 1,436 homes handed over across three projects.

For a 2009 building the developer's record is background rather than risk. The building is run by its owners' association under RERA's rules, and that association's accounts, not Deyaar's, are what you should read before buying.

For Indian buyers

Dubai Silicon Oasis is freehold, so an Indian citizen holds the title outright. AED 1.17 M is above one person's LRS allowance of USD 250,000 (about AED 918,000), so plan on two allowances, two financial years, or a UAE mortgage for the balance. It is below the AED 2 M Golden Visa threshold; two Ruby Residence flats would clear it, but only if the pair totals AED 2 M and both are in your name.

There is no UAE tax on the property or the rent; an Indian tax resident declares the rent in India at slab rates and pays Indian capital-gains tax on sale. On the yield: a 3 BHK at AED 1.17 M returning the district's 7% gross is about AED 82,000 a year; after a realistic service charge, a month's vacancy and management, 5 to 6% net is the honest number. That is comfortably above a comparable Indian metro flat, and the tenant pool — free-zone employees and university staff — is stable.

On exit: a 2009 low-rise sells to the same kind of buyer you are — a yield investor or a local family — so liquidity is fine but there is no premium exit. Buy at transaction value and the exit is the rent you collected.

Pros

• Ready and tenanted since 2009 — no construction or handover risk, mortgage-eligible
• About AED 650-780 per sq ft at the listed price, roughly half the DSO average near AED 1,400 — the cheapest way into a district whose prices rose about 17% in a year
• Strong district yields: 7% on 3 BHK and up to 9.3% on studios on 2026 data; 8.58% quoted for this building
• A big 3 BHK (1,500-1,800 sq ft) for the price of a new 1 BHK elsewhere in Dubai
• Deep tenant pool from DSO's free-zone companies and the universities next door
• Established owners' association with 15 years of service-charge history to inspect

Cons

• A 2009 building: lifts, facades and chillers are at the age where major works and special levies appear
• Bayut's 3 BHK range runs from AED 700,000 to 1.65 M, so the AED 1.17 M listing is mid-range, not an entry price — negotiate off comparables
• DSO is a road-only district on the edge of the city with no metro
• Below the AED 2 M Golden Visa threshold
• Service charges are not printed for the building; a district quote of AED 10-50 per sq ft is too wide to be useful
• Capital growth in DSO is coming from new launches at AED 1,400 per sq ft; an old low-rise follows the district, it does not lead it

Who this is for

• Yield investors who want a large, cheap, ready 3 BHK with a family tenant in a high-yield district
• Families working in DSO's free zone or Academic City who want space over newness
• Buyers who prefer a 15-year service-charge history to a developer's promise
• Indian buyers who can split AED 1.17 M across two LRS allowances or two financial years

Who should look elsewhere

• Anyone who needs a Golden Visa from the purchase
• Buyers who want a new building with modern finishes and low maintenance risk
• People who need a central, metro-served address
• Anyone unwilling to inspect the owners' association accounts before buying a 2009 building

Our verdict

A value buy for a yield investor who does the building-level homework: comparables, service-charge statements, reserve fund, tenant contract. At AED 700 to 900 per sq ft for a big 3 BHK in a 7% district it is hard to lose money if the building is sound. It is not a visa route, not a trophy and not low-maintenance.

FAQs

What is the price of Ruby Residence?

PropertyPistol lists 3 BHK from AED 1.17 M (about Rs 3.01 crore). Bayut prints 3 BHK asks from AED 700,000 to 1.65 M for units of 1,500 to 1,800 sq ft, and transaction data for the building shows about AED 887 to 971 per sq ft. Use the comparables, not the listing, to set your offer.

Is it ready?

Yes. Deyaar completed the eight-storey, 138-home building in 2009. You buy from an existing owner with a title deed.

Is there a payment plan?

No — it is a ready resale. Pay in full at transfer or use a UAE mortgage. Costs on top: 4% DLD fee (AED 46,800 on AED 1.17 M), about AED 4,000 admin, 2% commission.

What yield can I expect?

DSO 2026 data: 3 BHK about 7% gross, 2 BHK 7.8%, 1 BHK 8.5%, studios 9.3%. One data site prints 8.58% for Ruby Residence itself. Net, after service charges and vacancy, expect 5 to 6% on a 3 BHK.

How does it compare with the district?

DSO averages about AED 1,400 per sq ft after a 17% year-on-year rise, per 2026 guides (another benchmark prints a median of AED 983). Ruby Residence at AED 650 to 970 per sq ft is the value end because it is a 2009 low-rise; the discount is for age and finish, not location.

Can an Indian citizen buy, and does it get a visa?

DSO is freehold, so yes. AED 1.17 M is below the AED 2 M Golden Visa threshold. It exceeds one person's USD 250,000 LRS allowance (about AED 918,000), so use two allowances or two financial years, or a mortgage.

What are the service charges?

Not printed for the building in the sources we checked; one portal quotes a DSO range of AED 10 to 50 per sq ft. Ask the seller for the RERA-approved statement and two years of bills, and ask the owners' association about the reserve fund.

Who is Deyaar?

A Dubai-listed developer with more than 20 years of operation. Ruby Residence is one of its early buildings; its Midtown community in Dubai Production City has over 2,200 homes delivered.

Want the current Ruby Residence listings with transaction comparables and the service-charge statement side by side? Ask Realty Hunting and we will send them and arrange a viewing.