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Studio · 341 sqftArabian Gate, Dubai Silicon Oasis · 3rd floor · completed 2020

342, Arabian Gate

Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 342 · DLD and Ejari recordsUpdated 4 October 2024
Last soldAED 340K21 November 2023
Current rentAED 46K /yr4 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 342, Arabian Gate

What is 342 worth today?

Last sold for AED 340,000 in 2023

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4 Oct 2024RentedNew contract
AED 46,000/yr12 months · AED 134 per sqft
1 Dec 2023RentedNew contract
AED 50,000/yr12 months · AED 145 per sqft
21 Nov 2023SoldReady
AED 340,000AED 998 per sqft
2 Jul 2023RentedNew contract
AED 40,000/yr12 months · AED 116 per sqft
8 Mar 2023SoldReady
AED 300,000AED 880 per sqft
20 Mar 2022RentedNew contract
AED 26,000/yr12 months · AED 75 per sqft
1 Mar 2021RentedNew contract
AED 22,000/yr12 months · AED 64 per sqft
23 Oct 2016Sold by developerOff-plan
AED 316,293AED 939 per sqft

Source: Dubai Land Department. Updated 4 October 2024.

Key facts

Type
Studio apartment
Size
341 sqft
Floor
3rd of 14
Parking
B3-03
Developer
Time Properties
Completed
2020
Service charge
AED 3,700 /yr
Last sold
AED 340K · November 2023
Building
Arabian Gate

About 342, Arabian Gate

342 is a studio of 341 sqft on the 3rd floor of Arabian Gate, a 14-storey tower in Dubai Silicon Oasis completed in 2020 by Time Properties. It last sold on 21 November 2023 for AED 340,000, or AED 998 per sqft, 22% above the AED 815 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 4 October 2024, is AED 46,000 a year: a gross yield of 13.5% on the 2023 price, before the service charge of about AED 3,700 a year.

Sales and rents for 342 over time

Sales
Unit 342, each saleTypical studio in Arabian Gate
400K2016201920222025Typical sale price by year: 2016 AED 398,000; 2017 AED 421,935; 2018 AED 409,748; 2019 AED 379,008; 2020 AED 346,562; 2021 AED 355,000; 2022 AED 347,316; 2023 AED 371,000; 2024 AED 417,500; 2025 AED 485,000; 2026 AED 536,000Sold by developer, October 2016: AED 316,293 (AED 939 per sqft)Sold, March 2023: AED 300,000 (AED 880 per sqft)Sold, November 2023: AED 340,000 (AED 998 per sqft)

342 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 342, each contractTypical studio in Arabian Gate
20K40K2020202220242026Typical rent by year: 2020 AED 24,000; 2021 AED 25,000; 2022 AED 27,000; 2023 AED 32,000; 2024 AED 35,000; 2025 AED 40,000; 2026 AED 41,000New contract, March 2021: AED 22,000 a yearNew contract, March 2022: AED 26,000 a yearNew contract, July 2023: AED 40,000 a yearNew contract, December 2023: AED 50,000 a yearNew contract, October 2024: AED 46,000 a year

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

Studios in Arabian Gate, and where 342 sits

All 348 studios →

342 last sold in November 2023 at AED 998 per sqft, 22% above what studios in Arabian Gate were fetching at the time (AED 815). Over the last 12 months studios sold for AED 450,000 to 625,000, around AED 1,141 per sqft, and rent for AED 23,500 to 66,000 a year. 342's AED 46,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
12 Feb 2026536,000
4 Feb 2026540,000
22 Jan 2026625,000
12 Jan 2026575,000
11 studio sales in the last 12 months

Arabian Gate

Building

704 apartments, studios to 3-bed over 14 floors in Dubai Silicon Oasis, completed in 2020 by Time Properties. 22 sold in the last 12 months.

Typical price per sqft
AED 1,120 Up 8.8%
Typical sale
AED 610K
Typical rent
AED 49K /yr
Typical yield
7.6%
Arabian Gate, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 3rd floor

All 704 units in Arabian Gate
Value
301StudioAED 390K · Mar 2024
302StudioAED 415K · Nov 2016
303StudioAED 407K · Jul 2018
304StudioAED 415K · Mar 2024
305StudioAED 411K · Apr 2022
306StudioAED 382K · Nov 2019
3072-bedAED 811K · Sep 2022
1–7 of 51

342, Arabian Gate in numbers

  • Sold 3 times: first on 23 October 2016 for AED 316,293, last on 21 November 2023 for AED 340,000 (AED 998 per sqft).
  • Rented since March 2021 on 5 Ejari contracts, from AED 22,000 to AED 46,000 a year.
  • At AED 46,000 a year the gross yield on the 2023 price is 13.5%, before a service charge of about AED 3,700 a year (AED 10.81 per sqft).
  • Studios in Arabian Gate sold for AED 450,000–625,000 in the 12 months to November 2026; the building's median across all types is AED 1,120 per sqft.

Source: Dubai Land Department. Updated 4 October 2024.

Questions about 342, Arabian Gate

What did unit 342 last sell for?

AED 340,000 on 21 November 2023: AED 998 per sqft for 341 sqft. The unit has 3 registered sales; the first was AED 316,293 in October 2016.

What is the rent for unit 342?

AED 46,000 a year on the contract signed on 4 October 2024. The previous contract, from December 2023, was AED 50,000; the unit has been rented since March 2021.

How big is unit 342?

341 sqft (31.7 sqm): a studio on the 3rd floor of a 14-storey tower completed in 2020.

What is unit 342 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Arabian Gate sold for AED 450,000 to 625,000 in the last 12 months, around AED 1,141 per sqft.

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Mortgage on 342, Arabian Gate

Starts from the last sale price (AED 340K, 21 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 340,000
Deposit, UAE resident (20%)
AED 68,000
Deposit, non-resident (40%)
AED 136,000
Monthly over 25 years at 3.7%
AED 1,391

Plus AED 17,190 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →