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Studio · 494 sqftPlatinum One, Arjan · 7th floor · completed 2013

708, Platinum One

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

Unit 708 · DLD and Ejari recordsUpdated 5 September 2024
Last soldAED 579K22 July 2009
Current rentAED 48K /yr5 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 708, Platinum One

What is 708 worth today?

Last sold for AED 578,679 in 2009

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5 Sep 2024RentedRenewal
AED 48,000/yr12 months · AED 97 per sqft
3 Sep 2022RentedRenewal
AED 42,000/yr12 months · AED 85 per sqft
3 Sep 2021RentedNew contract
AED 42,000/yr12 months · AED 85 per sqft
1 Oct 2016RentedNew contract
AED 75,000/yr12 months · AED 152 per sqft
22 Jul 2009Sold by developerOff-plan
AED 578,679AED 1,172 per sqft

Source: Dubai Land Department. Updated 5 September 2024.

Key facts

Type
Studio apartment
Size
494 sqft
Floor
7th of 8
Parking
B1-254
Developer
ACW Holding
Completed
2013
Service charge
AED 10,100 /yr
Last sold
AED 579K · July 2009
Building
Platinum One

About 708, Platinum One

708 is a studio of 494 sqft on the 7th floor of Platinum One, a 8-storey tower in Arjan completed in 2013 by ACW Holding. The developer sold it on 22 July 2009 for AED 578,679, or AED 1,172 per sqft, 15% below the AED 1,379 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 5 September 2024, is AED 48,000 a year: a gross yield of 8.3% on the 2009 price, before the service charge of about AED 10,100 a year.

Sales and rents for 708 over time

Sales
Unit 708, 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, July 2009: AED 578,679 (AED 1,172 per sqft)

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

Rents
Unit 708, each contractTypical studio in Platinum One
40K60K80K2014201820222026Typical 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, October 2016: AED 75,000 a yearNew contract, September 2021: AED 42,000 a yearRenewal, September 2022: AED 42,000 a yearRenewal, 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 708 sits

All 213 studios →

708 last sold in July 2009 at AED 1,172 per sqft, 15% below what studios in Platinum One were fetching at the time (AED 1,379). 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. 708'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 7th floor

All 279 units in Platinum One
Value
701StudioAED 628K · Jun 2009
702StudioAED 563K · Jan 2015
703StudioAED 563K · May 2009
704StudioAED 328K · Nov 2014
705StudioAED 238K · Dec 2023
7061-bedAED 474K · Nov 2014
707StudioAED 830K · Jun 2009
1–7 of 21

708, Platinum One in numbers

  • Sold once: by ACW Holding on 22 July 2009 for AED 578,679, or AED 1,172 per sqft.
  • Rented since October 2016 on 4 Ejari contracts. The rent fell from AED 75,000 to AED 42,000 in 2022 and recovered to AED 48,000 by September 2024.
  • At AED 48,000 a year the gross yield on the 2009 price is 8.3%, before a service charge of about AED 10,100 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 5 September 2024.

Questions about 708, Platinum One

What did unit 708 last sell for?

AED 578,679 on 22 July 2009, sold by the developer: AED 1,172 per sqft for 494 sqft. It is the only registered sale of the unit.

What is the rent for unit 708?

AED 48,000 a year on the contract renewed on 5 September 2024. The previous contract, from September 2022, was AED 42,000; the unit has been rented since October 2016.

How big is unit 708?

494 sqft (45.9 sqm): a studio on the 7th floor of a 8-storey tower completed in 2013.

What is unit 708 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 708, Platinum One

Starts from the last sale price (AED 579K, 22 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 578,679
Deposit, UAE resident (20%)
AED 115,736
Deposit, non-resident (40%)
AED 231,472
Monthly over 25 years at 3.7%
AED 2,368

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