402, Platinum Residences 1
Sold prices and rental history: sold twice, last in August 2019, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, Platinum Residences 1
What is 402 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 17 September 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 751 sqft
- Floor
- 4th of 8
- Parking
- G-20
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 10,500 /yr
- Last sold
- AED 585K · August 2019
- Building
- Platinum Residences 1
About 402, Platinum Residences 1
402 is a one-bedroom apartment of 751 sqft on the 4th floor of Platinum Residences 1, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Gulf General Investments Co. It last sold on 19 August 2019 for AED 585,000, or AED 778 per sqft, 30% above the AED 599 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 17 September 2021, is AED 36,000 a year: a gross yield of 6.2% on the 2019 price, before the service charge of about AED 10,500 a year.
Sales and rents for 402 over time
402 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Platinum Residences 1, and where 402 sits
All 112 1-beds →402 last sold in August 2019 at AED 778 per sqft, 30% above what one-beds in Platinum Residences 1 were fetching at the time (AED 599). Over the last 12 months one-beds sold for AED 700,000 to 835,000, around AED 971 per sqft, and rent for AED 47,311 to 75,000 a year. 402's AED 36,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Feb 202611 February 2026 | 751 sqft | 730,000 | 971 | ||
| 10 Feb 202610 February 2026 | 730 sqft | 740,000 | 1,013 | ||
| 9 Feb 20269 February 2026 | 751 sqft | 740,000 | 985 | ||
| 23 Jan 202623 January 2026 | 876 sqft | 835,000 | 953 |
Platinum Residences 1
Building120 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2015 by Gulf General Investments Co. 5 sold in the last 12 months.
- Typical price per sqft
- AED 971
- Typical sale
- AED 740K
- Typical rent
- AED 65K /yr
- Typical yield
- 7.8%
Other units on the 4th floor
All 120 units in Platinum Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 751 sqft | AED 490KAED 490,000 · Oct 2021October 2021 | 42,000 /yr | |
| 403 | 1-bed | 730 sqft | AED 758KAED 757,589 · Sep 2015September 2015 | 45,831 /yr | |
| 404 | 1-bed | 838 sqft | AED 750KAED 750,000 · Mar 2025March 2025 | 65,000 /yr | |
| 405 | 1-bed | 834 sqft | AED 781KAED 780,967 · Oct 2017October 2017 | 36,000 /yr | |
| 406 | 1-bed | 730 sqft | AED 641KAED 640,615 · Oct 2017October 2017 | 46,085 /yr | |
| 407 | 1-bed | 890 sqft | AED 675KAED 675,000 · Nov 2023November 2023 | ||
| 408 | 1-bed | 943 sqft | AED 770KAED 770,000 · Apr 2017April 2017 | 43,000 /yr | |
| 409 | 1-bed | 858 sqft | AED 750KAED 750,492 · Dec 2016December 2016 | 43,000 /yr | |
| 410 | 1-bed | 876 sqft | AED 781KAED 781,428 · Aug 2015August 2015 | 68,000 /yr | |
| 411 | 1-bed | 856 sqft | AED 793KAED 792,881 · Jun 2015June 2015 | 64,000 /yr | |
| 412 | 1-bed | 862 sqft | AED 670KAED 670,000 · Sep 2017September 2017 | 63,000 /yr | |
| 413 | 1-bed | 880 sqft | AED 700KAED 700,000 · Jan 2017January 2017 | ||
| 414 | 1-bed | 862 sqft | AED 807KAED 807,467 · May 2015May 2015 | 48,510 /yr | |
| 415 | 945 sqft | AED 920KAED 920,000 · Oct 2025October 2025 | 65,000 /yr |
402, Platinum Residences 1 in numbers
- Sold twice: first on 16 June 2016 for AED 738,027, last on 19 August 2019 for AED 585,000 (AED 778 per sqft).
- Rented since July 2018 on 4 Ejari contracts, from AED 55,000 to AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2019 price is 6.2%, before a service charge of about AED 10,500 a year (AED 13.95 per sqft).
- One-beds in Platinum Residences 1 sold for AED 700,000–835,000 in the 12 months to November 2026; the building's median across all types is AED 971 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 17 September 2021.
Questions about 402, Platinum Residences 1
What did unit 402 last sell for?
AED 585,000 on 19 August 2019: AED 778 per sqft for 751 sqft. The unit has 2 registered sales; the first was AED 738,027 in June 2016.
What is the rent for unit 402?
AED 36,000 a year on the contract signed on 17 September 2021. The previous contract, from July 2020, was AED 40,000; the unit has been rented since July 2018.
How big is unit 402?
751 sqft (69.8 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.
What is unit 402 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Platinum Residences 1 sold for AED 700,000 to 835,000 in the last 12 months, around AED 971 per sqft.
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Mortgage on 402, Platinum Residences 1
Starts from the last sale price (AED 585K, 19 August 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 585,000
- Deposit, UAE resident (20%)
- AED 117,000
- Deposit, non-resident (40%)
- AED 234,000
- Monthly over 25 years at 3.7%
- AED 2,393
Plus AED 29,580 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →