502, Platinum Residences 1
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Platinum Residences 1
What is 502 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 August 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 751 sqft
- Floor
- 5th of 8
- Parking
- G-23
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 10,500 /yr
- Last sold
- AED 706K · June 2015
- Building
- Platinum Residences 1
About 502, Platinum Residences 1
502 is a one-bedroom apartment of 751 sqft on the 5th floor of Platinum Residences 1, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Gulf General Investments Co. The developer sold it on 2 June 2015 for AED 705,854, or AED 939 per sqft, in line with the AED 937 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 5 August 2021, is AED 34,000 a year: a gross yield of 4.8% on the 2015 price, before the service charge of about AED 10,500 a year.
Sales and rents for 502 over time
502 has sold once; 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 502 sits
All 112 1-beds →502 last sold in June 2015 at AED 939 per sqft, in line with what one-beds in Platinum Residences 1 were fetching at the time (AED 937). 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. 502's AED 34,000 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 5th floor
All 120 units in Platinum Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 751 sqft | AED 730KAED 729,739 · Feb 2017February 2017 | 42,000 /yr | |
| 503 | 1-bed | 730 sqft | AED 761KAED 760,591 · Sep 2015September 2015 | 35,000 /yr | |
| 504 | 1-bed | 838 sqft | AED 500KAED 500,000 · May 2019May 2019 | 65,000 /yr | |
| 505 | 834 sqft | AED 780KAED 780,000 · Oct 2025October 2025 | 55,000 /yr | ||
| 506 | 1-bed | 730 sqft | AED 707KAED 707,222 · Dec 2016December 2016 | 62,000 /yr | |
| 507 | 1-bed | 890 sqft | AED 670KAED 670,000 · Apr 2024April 2024 | 45,000 /yr | |
| 508 | 1-bed | 943 sqft | AED 600KAED 600,000 · Aug 2023August 2023 | 58,000 /yr | |
| 509 | 1-bed | 858 sqft | AED 754KAED 753,613 · Oct 2017October 2017 | 46,200 /yr | |
| 510 | 1-bed | 876 sqft | AED 835KAED 835,000 · Jan 2026January 2026 | 48,500 /yr | |
| 511 | 1-bed | 856 sqft | AED 796KAED 796,178 · Jun 2015June 2015 | 37,000 /yr | |
| 512 | 1-bed | 862 sqft | AED 495KAED 495,000 · Apr 2022April 2022 | 57,000 /yr | |
| 513 | 1-bed | 880 sqft | AED 715KAED 715,000 · Jan 2025January 2025 | 43,000 /yr | |
| 514 | 1-bed | 862 sqft | AED 811KAED 810,792 · Oct 2015October 2015 | ||
| 515 | 1-bed | 945 sqft | AED 888KAED 888,000 · Feb 2017February 2017 |
502, Platinum Residences 1 in numbers
- Sold once: by Gulf General Investments Co on 2 June 2015 for AED 705,854, or AED 939 per sqft.
- Rented since July 2017 on 4 Ejari contracts, from AED 60,000 to AED 34,000 a year.
- At AED 34,000 a year the gross yield on the 2015 price is 4.8%, 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 5 August 2021.
Questions about 502, Platinum Residences 1
What did unit 502 last sell for?
AED 705,854 on 2 June 2015, sold by the developer: AED 939 per sqft for 751 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 34,000 a year on the contract signed on 5 August 2021. The previous contract, from July 2019, was AED 48,000; the unit has been rented since July 2017.
How big is unit 502?
751 sqft (69.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit 502 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 502, Platinum Residences 1
Starts from the last sale price (AED 706K, 2 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 705,854
- Deposit, UAE resident (20%)
- AED 141,171
- Deposit, non-resident (40%)
- AED 282,342
- Monthly over 25 years at 3.7%
- AED 2,888
Plus AED 34,656 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →