612, Platinum Residences 1
Sold prices and rental history: sold once, by the developer in November 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 612, Platinum Residences 1
What is 612 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 862 sqft
- Floor
- 6th of 8
- Parking
- G-75
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 12,000 /yr
- Last sold
- AED 822K · November 2016
- Building
- Platinum Residences 1
About 612, Platinum Residences 1
612 is a one-bedroom apartment of 862 sqft on the 6th 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 22 November 2016 for AED 822,478, or AED 954 per sqft, 7% above the AED 892 one-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 5 October 2024, is AED 60,000 a year: a gross yield of 7.3% on the 2016 price, before the service charge of about AED 12,000 a year.
Sales and rents for 612 over time
612 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 612 sits
All 112 1-beds →612 last sold in November 2016 at AED 954 per sqft, 7% above what one-beds in Platinum Residences 1 were fetching at the time (AED 892). 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. 612's AED 60,000 is in the lower half 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 6th floor
All 120 units in Platinum Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 751 sqft | AED 740KAED 740,000 · Jan 2017January 2017 | 50,000 /yr | |
| 602 | 1-bed | 751 sqft | AED 700KAED 700,000 · Oct 2017October 2017 | 67,000 /yr | |
| 603 | 1-bed | 730 sqft | AED 710KAED 710,000 · Jun 2025June 2025 | 50,000 /yr | |
| 604 | 1-bed | 838 sqft | AED 805KAED 805,000 · Feb 2017February 2017 | 65,000 /yr | |
| 605 | 1-bed | 834 sqft | AED 530KAED 530,000 · Nov 2022November 2022 | 58,000 /yr | |
| 606 | 1-bed | 730 sqft | AED 710KAED 710,000 · Apr 2017April 2017 | 64,000 /yr | |
| 607 | 1-bed | 890 sqft | AED 640KAED 640,000 · Mar 2024March 2024 | 68,000 /yr | |
| 608 | 1-bed | 943 sqft | AED 836KAED 835,660 · Jul 2016July 2016 | ||
| 609 | 858 sqft | AED 725KAED 725,000 · Sep 2025September 2025 | 65,000 /yr | ||
| 610 | 1-bed | 876 sqft | AED 770KAED 770,417 · Dec 2016December 2016 | 65,000 /yr | |
| 611 | 1-bed | 856 sqft | AED 825KAED 825,000 · Jun 2017June 2017 | 48,000 /yr | |
| 613 | 1-bed | 880 sqft | AED 585KAED 585,000 · Dec 2023December 2023 | 62,000 /yr | |
| 614 | 1-bed | 862 sqft | AED 560KAED 560,000 · Jul 2022July 2022 | 36,000 /yr | |
| 615 | 1-bed | 945 sqft | AED 913KAED 912,594 · Jan 2018January 2018 | 43,890 /yr |
612, Platinum Residences 1 in numbers
- Sold once: by Gulf General Investments Co on 22 November 2016 for AED 822,478, or AED 954 per sqft.
- Rented since April 2019 on 2 Ejari contracts, from AED 48,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2016 price is 7.3%, before a service charge of about AED 12,000 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 October 2024.
Questions about 612, Platinum Residences 1
What did unit 612 last sell for?
AED 822,478 on 22 November 2016, sold by the developer: AED 954 per sqft for 862 sqft. It is the only registered sale of the unit.
What is the rent for unit 612?
AED 60,000 a year on the contract signed on 5 October 2024. The previous contract, from April 2019, was AED 48,000.
How big is unit 612?
862 sqft (80.1 sqm): a one-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.
What is unit 612 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 612, Platinum Residences 1
Starts from the last sale price (AED 822K, 22 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 822,478
- Deposit, UAE resident (20%)
- AED 164,496
- Deposit, non-resident (40%)
- AED 328,991
- Monthly over 25 years at 3.7%
- AED 3,365
Plus AED 39,554 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →