615, Platinum Residences 1
Sold prices and rental history: sold once, by the developer in January 2018, 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 615, Platinum Residences 1
What is 615 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 25 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 945 sqft
- Floor
- 6th of 8
- Parking
- G-106
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 13,200 /yr
- Last sold
- AED 913K · January 2018
- Building
- Platinum Residences 1
About 615, Platinum Residences 1
615 is a one-bedroom apartment of 945 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 21 January 2018 for AED 912,594, or AED 966 per sqft, 10% above the AED 877 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 25 February 2024, is AED 43,890 a year: a gross yield of 4.8% on the 2018 price, before the service charge of about AED 13,200 a year.
Sales and rents for 615 over time
615 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 615 sits
All 112 1-beds →615 last sold in January 2018 at AED 966 per sqft, 10% above what one-beds in Platinum Residences 1 were fetching at the time (AED 877). 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. 615's AED 43,890 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 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 | |
| 612 | 1-bed | 862 sqft | AED 822KAED 822,478 · Nov 2016November 2016 | 60,000 /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, Platinum Residences 1 in numbers
- Sold once: by Gulf General Investments Co on 21 January 2018 for AED 912,594, or AED 966 per sqft.
- Rented since January 2018 on 4 Ejari contracts. The rent fell from AED 66,000 to AED 38,000 in 2021 and recovered to AED 43,890 by February 2024.
- At AED 43,890 a year the gross yield on the 2018 price is 4.8%, before a service charge of about AED 13,200 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 25 February 2024.
Questions about 615, Platinum Residences 1
What did unit 615 last sell for?
AED 912,594 on 21 January 2018, sold by the developer: AED 966 per sqft for 945 sqft. It is the only registered sale of the unit.
What is the rent for unit 615?
AED 43,890 a year on the contract renewed on 25 February 2024. The previous contract, from February 2023, was AED 41,800; the unit has been rented since January 2018.
How big is unit 615?
945 sqft (87.8 sqm): a one-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.
What is unit 615 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 615, Platinum Residences 1
Starts from the last sale price (AED 913K, 21 January 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 912,594
- Deposit, UAE resident (20%)
- AED 182,519
- Deposit, non-resident (40%)
- AED 365,038
- Monthly over 25 years at 3.7%
- AED 3,734
Plus AED 43,339 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →