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Studio · 385 sqftPlatinum One, Arjan · 2nd floor · completed 2013

232, Platinum One

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 232 · DLD and Ejari recordsUpdated 7 September 2024
Last soldAED 531K22 June 2009
Current rentAED 48K /yr7 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 232, Platinum One

What is 232 worth today?

Last sold for AED 531,449 in 2009

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7 Sep 2024RentedNew contract
AED 48,000/yr12 months · AED 125 per sqft
5 Dec 2023RentedNew contract
AED 43,800/yr12 months · AED 114 per sqft
3 Dec 2022RentedRenewal
AED 35,400/yr12 months · AED 92 per sqft
3 Dec 2021RentedNew contract
AED 35,400/yr12 months · AED 92 per sqft
1 Dec 2020RentedNew contract
AED 30,000/yr12 months · AED 78 per sqft
15 Sep 2016RentedNew contract
AED 71,940/yr12 months · AED 187 per sqft
22 Jun 2009Sold by developerOff-plan
AED 531,449AED 1,381 per sqft

Source: Dubai Land Department. Updated 7 September 2024.

Key facts

Type
Studio apartment
Size
385 sqft
Floor
2nd of 8
Parking
B2-81
Developer
ACW Holding
Completed
2013
Service charge
AED 7,900 /yr
Last sold
AED 531K · June 2009
Building
Platinum One

About 232, Platinum One

232 is a studio of 385 sqft on the 2nd floor of Platinum One, a 8-storey tower in Arjan completed in 2013 by ACW Holding. The developer sold it on 22 June 2009 for AED 531,449, or AED 1,381 per sqft, in line with the AED 1,382 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 7 September 2024, is AED 48,000 a year: a gross yield of 9.0% on the 2009 price, before the service charge of about AED 7,900 a year.

Sales and rents for 232 over time

Sales
Unit 232, 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, June 2009: AED 531,449 (AED 1,381 per sqft)

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

Rents
Unit 232, 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 71,940 a yearNew contract, December 2020: AED 30,000 a yearNew contract, December 2021: AED 35,400 a yearRenewal, December 2022: AED 35,400 a yearNew contract, December 2023: AED 43,800 a yearNew contract, September 2024: AED 48,000 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 232 sits

All 213 studios →

232 last sold in June 2009 at AED 1,381 per sqft, in line with what studios in Platinum One were fetching at the time (AED 1,382). 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. 232's AED 48,000 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 2nd floor

All 279 units in Platinum One
Value
2011-bedAED 260K · Jan 2025
202StudioAED 320K · Nov 2014
203StudioAED 240K · Jul 2019
204StudioAED 548K · Jun 2009
205StudioAED 234K · Jun 2023
2061-bedAED 476K · Oct 2016
207StudioAED 652K · Jun 2009
1–7 of 41

232, Platinum One in numbers

  • Sold once: by ACW Holding on 22 June 2009 for AED 531,449, or AED 1,381 per sqft.
  • Rented since September 2016 on 6 Ejari contracts. The rent fell from AED 71,940 to AED 30,000 in 2020 and recovered to AED 48,000 by September 2024.
  • At AED 48,000 a year the gross yield on the 2009 price is 9.0%, before a service charge of about AED 7,900 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 7 September 2024.

Questions about 232, Platinum One

What did unit 232 last sell for?

AED 531,449 on 22 June 2009, sold by the developer: AED 1,381 per sqft for 385 sqft. It is the only registered sale of the unit.

What is the rent for unit 232?

AED 48,000 a year on the contract signed on 7 September 2024. The previous contract, from December 2023, was AED 43,800; the unit has been rented since September 2016.

How big is unit 232?

385 sqft (35.8 sqm): a studio on the 2nd floor of a 8-storey tower completed in 2013.

What is unit 232 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 232, Platinum One

Starts from the last sale price (AED 531K, 22 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 531,449
Deposit, UAE resident (20%)
AED 106,290
Deposit, non-resident (40%)
AED 212,580
Monthly over 25 years at 3.7%
AED 2,174

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