511, 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 511, Platinum Residences 1
What is 511 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 856 sqft
- Floor
- 5th of 8
- Parking
- G-64
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 11,900 /yr
- Last sold
- AED 796K · June 2015
- Building
- Platinum Residences 1
About 511, Platinum Residences 1
511 is a one-bedroom apartment of 856 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 24 June 2015 for AED 796,178, or AED 930 per sqft, in line with the AED 936 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 15 January 2022, is AED 37,000 a year: a gross yield of 4.7% on the 2015 price, before the service charge of about AED 11,900 a year.
Sales and rents for 511 over time
511 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 511 sits
All 112 1-beds →511 last sold in June 2015 at AED 930 per sqft, in line with what one-beds in Platinum Residences 1 were fetching at the time (AED 936). 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. 511's AED 37,000 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 | |
| 502 | 1-bed | 751 sqft | AED 706KAED 705,854 · Jun 2015June 2015 | 34,000 /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 | |
| 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 |
511, Platinum Residences 1 in numbers
- Sold once: by Gulf General Investments Co on 24 June 2015 for AED 796,178, or AED 930 per sqft.
- Rented since January 2017 on 4 Ejari contracts, from AED 65,000 to AED 37,000 a year.
- At AED 37,000 a year the gross yield on the 2015 price is 4.7%, before a service charge of about AED 11,900 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 15 January 2022.
Questions about 511, Platinum Residences 1
What did unit 511 last sell for?
AED 796,178 on 24 June 2015, sold by the developer: AED 930 per sqft for 856 sqft. It is the only registered sale of the unit.
What is the rent for unit 511?
AED 37,000 a year on the contract renewed on 15 January 2022. The previous contract, from January 2019, was AED 55,000; the unit has been rented since January 2017.
How big is unit 511?
856 sqft (79.5 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit 511 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 511, Platinum Residences 1
Starts from the last sale price (AED 796K, 24 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 796,178
- Deposit, UAE resident (20%)
- AED 159,236
- Deposit, non-resident (40%)
- AED 318,471
- Monthly over 25 years at 3.7%
- AED 3,257
Plus AED 38,449 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →