Dubai Silicon Oasis handover adds 711 homes as rents ease

Dubai, UAE — Deyaar Development has handed over Tria, a 711-apartment tower in Dubai Silicon Oasis (DSO), taking the listed developer’s 2026 deliveries past 2,100 units. The Dubai Silicon Oasis handover comes as asking rents in the district fall, according to Bayut, and as Dubai heads for its largest year of home completions since 2008.

Dubai Silicon Oasis handover lands in a 55,600-unit year

Cushman & Wakefield Core expects about 55,600 homes to be completed across Dubai in 2026, with roughly 32,000 of them due in the second half. Tria is part of that second-half wave. Savills said rents across major residential communities fell by an average of 8% to 10% in the second quarter as new supply gave tenants more choice.

Sales activity remains high. A survey of Dubai Land Department data reported by Emirates 24|7 put sales from January to September at about AED 379.4 billion, second only to 2025. Prices have stopped climbing, though. ValuStrat’s citywide index stood 1.6% lower year on year in July, with apartment values down 4.2%.

DSO asking prices fell 8.3% in 12 months on Bayut

In DSO, Bayut’s September index puts the average asking price for apartments at AED 1,325 per square foot, down 8.26% from AED 1,445 a year earlier. Asking rents fell 2.17% to AED 87 per square foot. On those figures the gross yield, meaning a year’s rent as a share of the purchase price before costs, is about 6.6%.

ValuStrat’s valuation-based index shows the opposite trend, with DSO leading Dubai’s annual apartment gains in July at 6%. The two series measure different things. Bayut tracks what sellers ask, while ValuStrat tracks what valuers judge homes to be worth. Neither records the prices at which deals closed, which sit in DLD transaction data.

Tria’s one-beds list 25% above the DSO average

Tria launched with studios from AED 518,000, according to Metropolitan Premium Properties’ coverage of the launch. One-bedroom units of 771 square feet are now listed on Bayut and Dubizzle at between AED 1.07 million and AED 1.3 million. At AED 1.2 million, that is about AED 1,556 per square foot, roughly 25% above Bayut’s DSO one-bedroom average of AED 1,246. These are asking prices, not completed sales, and one-bedroom asking rents in DSO are down 4.08% over 12 months, Bayut data show.

Chief executive Saeed Mohammed Al Qatami said Tria “adds another 711 homes to that momentum”, referring to 1,436 units Deyaar handed over at Regalia, Jannat and Talia Residences in the first half, according to the company. Deyaar reported first-half profit before tax of AED 336.1 million, up 26%, on revenue that rose 3%.

A ₹3.15 crore Tria one-bed exceeds one buyer’s LRS limit

For a resident Indian, a AED 1.2 million one-bedroom costs about ₹3.15 crore at the 1 October exchange rate of ₹26.22 per dirham, or about USD 327,000 at the dirham’s fixed dollar rate. The Reserve Bank of India’s Liberalised Remittance Scheme caps each resident individual at USD 250,000 a year, so a single buyer cannot fund the unit within one year’s limit. A couple pooling their limits can. Banks also collect 20% tax at source on property remittances above ₹10 lakh, which can be claimed back against income tax.

The yield gap is the main draw. DSO’s 6.6% gross yield compares with 4.6% in Bengaluru and 4.3% in Mumbai in the second quarter, according to ANAROCK. Dubai does not tax rental income, but Indian tax residents pay tax in India on that rent at their slab rate and must disclose the property in Schedule FA of their return, according to Oliva’s India-Dubai tax guide. The unit also falls below the AED 2 million property value needed for a 10-year UAE Golden Visa, according to Property Finder.

Tria buyers may still be paying in 2028, a year before the metro

The clearest risk from the Dubai Silicon Oasis handover is cash flow. Launch-era marketing described a 70/30 payment plan, with the final 30% due over two years after handover, according to Metropolitan Premium Properties. That would run instalments to late 2028. Buyers on that plan will be paying instalments while DSO rents fall and about 32,000 more Dubai homes reach the market this half. The DSO station on the Blue Line metro is not due until 9 September 2029, according to the Roads and Transport Authority.