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Studio · 425 sqftPlatinum One, Arjan · 1st floor · completed 2013

116, Platinum One

Sold prices and rental history: sold twice, last in September 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 220K12 September 2023
Current rentAED 49K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Platinum One

What is 116 worth today?

Last sold for AED 220,105 in 2023

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1 Oct 2024RentedRenewal
AED 49,200/yr12 months · AED 116 per sqft
1 Oct 2023RentedRenewal
AED 45,000/yr12 months · AED 106 per sqft
12 Sep 2023SoldReady · flagged as an outlier
AED 220,105AED 517 per sqft
1 Oct 2021RentedRenewal
AED 39,600/yr12 months · AED 93 per sqft
1 Oct 2020RentedNew contract
AED 39,600/yr12 months · AED 93 per sqft
20 Sep 2016RentedNew contract
AED 68,400/yr12 months · AED 161 per sqft
18 Nov 2014Sold by developerReady
AED 327,954AED 771 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
Studio apartment
Size
425 sqft
Floor
1st of 8
Parking
B2-22
Developer
ACW Holding
Completed
2013
Service charge
AED 8,700 /yr
Last sold
AED 220K · September 2023
Building
Platinum One

About 116, Platinum One

116 is a studio of 425 sqft on the 1st floor of Platinum One, a 8-storey tower in Arjan completed in 2013 by ACW Holding. It last sold on 12 September 2023 for AED 220,105, or AED 517 per sqft, 11% below the AED 584 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 49,200 a year: a gross yield of 22.4% on the 2023 price, before the service charge of about AED 8,700 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical studio in Platinum One
200K400K600K2009201420192024Typical sale price by year: 2009 AED 591,553; 2010 AED 625,677; 2014 AED 327,954; 2015 AED 609,273; 2016 AED 316,538; 2017 AED 300,000; 2019 AED 250,000; 2023 AED 233,615; 2024 AED 252,500; 2025 AED 270,000Sold by developer, November 2014: AED 327,954 (AED 771 per sqft)

116 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 116, each contractTypical studio in Platinum One
40K60K2014201820222026Typical rent by year: 2014 AED 65,940; 2015 AED 68,970; 2016 AED 68,400; 2017 AED 66,000; 2018 AED 59,400; 2019 AED 51,000; 2020 AED 39,600; 2021 AED 39,600; 2022 AED 39,600; 2023 AED 45,000; 2024 AED 49,200; 2025 AED 52,800; 2026 AED 56,400New contract, September 2016: AED 68,400 a yearNew contract, October 2020: AED 39,600 a yearRenewal, October 2021: AED 39,600 a yearRenewal, October 2023: AED 45,000 a yearRenewal, October 2024: AED 49,200 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Platinum One, and where 116 sits

All 213 studios →

116 last sold in September 2023 at AED 517 per sqft, 11% below what studios in Platinum One were fetching at the time (AED 584). Over the last 12 months studios sold for AED 323,000, around AED 654 per sqft, and rent for AED 49,200 to 68,400 a year. 116's AED 49,200 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
17 Apr 2025300,000
15 Apr 2025270,000
7 Mar 2025260,000
6 Jan 2025245,000
1 studio sale in the last 12 months

Platinum One

Building

279 apartments, studios to 2-bed over 8 floors in Arjan, completed in 2013 by ACW Holding. 1 sold in the last 12 months.

Typical price per sqft
AED 654
Typical sale
AED 323K
Typical rent
AED 57K /yr
Typical yield
18.9%
Platinum One, Arjan: prices, sales and rents →

Other units on the 1st floor

All 279 units in Platinum One
Value
1011-bedAED 572K · Sep 2010
102StudioAED 568K · Jun 2009
103StudioAED 568K · Jun 2009
104StudioAED 234K · Jun 2023
105StudioAED 565K · Jun 2009
1061-bedAED 830K · Sep 2010
107StudioAED 583K · Jul 2009
1–7 of 42

116, Platinum One in numbers

  • Sold twice: first on 18 November 2014 for AED 327,954, last on 12 September 2023 for AED 220,105 (AED 517 per sqft).
  • Rented since September 2016 on 5 Ejari contracts. The rent fell from AED 68,400 to AED 39,600 in 2021 and recovered to AED 49,200 by October 2024.
  • At AED 49,200 a year the gross yield on the 2023 price is 22.4%, before a service charge of about AED 8,700 a year (AED 20.43 per sqft).
  • Studios in Platinum One sold for AED 323,000–323,000 in the 12 months to November 2026; the building's median across all types is AED 654 per sqft.

Source: Dubai Land Department. Updated 1 October 2024.

Questions about 116, Platinum One

What did unit 116 last sell for?

AED 220,105 on 12 September 2023: AED 517 per sqft for 425 sqft. The unit has 2 registered sales; the first was AED 327,954 in November 2014.

What is the rent for unit 116?

AED 49,200 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 45,000; the unit has been rented since September 2016.

How big is unit 116?

425 sqft (39.5 sqm): a studio on the 1st floor of a 8-storey tower completed in 2013.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Platinum One sold for AED 323,000 to 323,000 in the last 12 months, around AED 654 per sqft.

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Mortgage on 116, Platinum One

Starts from the last sale price (AED 220K, 12 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 220,105
Deposit, UAE resident (20%)
AED 44,021
Deposit, non-resident (40%)
AED 88,042
Monthly over 25 years at 3.7%
AED 901

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →