PLT2-407, Platinum Residences 2
Sold prices and rental history: sold once, by the developer in November 2016, 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 PLT2-407, Platinum Residences 2
What is PLT2-407 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 21 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,200 sqft
- Floor
- 4th of 8
- Parking
- G-72
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 16,700 /yr
- Last sold
- AED 1.19M · November 2016
- Building
- Platinum Residences 2
About PLT2-407, Platinum Residences 2
PLT2-407 is a two-bedroom apartment of 1,200 sqft on the 4th floor of Platinum Residences 2, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Gulf General Investments Co. The developer sold it on 23 November 2016 for AED 1,186,011, or AED 988 per sqft, 3% above the AED 958 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 21 May 2024, is AED 80,000 a year: a gross yield of 6.8% on the 2016 price, before the service charge of about AED 16,700 a year.
Sales and rents for PLT2-407 over time
PLT2-407 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Platinum Residences 2, and where PLT2-407 sits
All 77 2-beds →PLT2-407 last sold in November 2016 at AED 988 per sqft, 3% above what two-beds in Platinum Residences 2 were fetching at the time (AED 958). Over the last 12 months two-beds sold for AED 1,250,000 to 1,310,000, around AED 1,065 per sqft, and rent for AED 60,000 to 120,000 a year. PLT2-407's AED 80,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Feb 20264 February 2026 | 1,201 sqft | 1,310,000 | 1,090 | ||
| 5 Jan 20265 January 2026 | 1,201 sqft | 1,250,000 | 1,040 | ||
| 3 Jul 20253 July 2025 | 1,201 sqft | 1,025,000 | 853 | ||
| 12 May 202512 May 2025 | 1,195 sqft | 1,400,000 | 1,171 |
Platinum Residences 2
Building80 apartments, 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2015 by Gulf General Investments Co. 2 sold in the last 12 months.
- Typical price per sqft
- AED 1,065
- Typical sale
- AED 1.28M
- Typical rent
- AED 80K /yr
- Typical yield
- 6.3%
Other units on the 4th floor
All 80 units in Platinum Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| PLT2-401 | 2-bed | 1,153 sqft | AED 1.15MAED 1,149,268 · Dec 2015December 2015 | ||
| PLT2-402 | 2-bed | 1,146 sqft | AED 1.11MAED 1,110,930 · Apr 2018April 2018 | 60,000 /yr | |
| PLT2-403 | 2-bed | 1,184 sqft | AED 1.25MAED 1,250,000 · Nov 2016November 2016 | 75,000 /yr | |
| PLT2-404 | 2-bed | 1,195 sqft | AED 1.25MAED 1,250,000 · Nov 2016November 2016 | 70,000 /yr | |
| PLT2-405 | 2-bed | 1,201 sqft | AED 1.07MAED 1,068,559 · Jun 2015June 2015 | 68,000 /yr | |
| PLT2-406 | 2-bed | 1,201 sqft | AED 950KAED 949,594 · Nov 2016November 2016 | ||
| PLT2-408 | 2-bed | 1,378 sqft | AED 800KAED 800,000 · Jun 2022June 2022 | 55,000 /yr | |
| PLT2-409 | 2-bed | 1,196 sqft | AED 1.19MAED 1,191,635 · Oct 2017October 2017 | 85,000 /yr | |
| PLT2-410 | 2-bed | 1,195 sqft | AED 1.15MAED 1,145,824 · May 2016May 2016 | 87,000 /yr |
PLT2-407, Platinum Residences 2 in numbers
- Sold once: by Gulf General Investments Co on 23 November 2016 for AED 1,186,011, or AED 988 per sqft.
- Rented since July 2018 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 55,000 in 2021 and recovered to AED 80,000 by May 2024.
- At AED 80,000 a year the gross yield on the 2016 price is 6.8%, before a service charge of about AED 16,700 a year (AED 13.95 per sqft).
- Two-beds in Platinum Residences 2 sold for AED 1,250,000–1,310,000 in the 12 months to November 2026; the building's median across all types is AED 1,065 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 21 May 2024.
Questions about PLT2-407, Platinum Residences 2
What did unit PLT2-407 last sell for?
AED 1,186,011 on 23 November 2016, sold by the developer: AED 988 per sqft for 1,200 sqft. It is the only registered sale of the unit.
What is the rent for unit PLT2-407?
AED 80,000 a year on the contract signed on 21 May 2024. The previous contract, from December 2022, was AED 60,500; the unit has been rented since July 2018.
How big is unit PLT2-407?
1,200 sqft (111.5 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.
What is unit PLT2-407 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Platinum Residences 2 sold for AED 1,250,000 to 1,310,000 in the last 12 months, around AED 1,065 per sqft.
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Mortgage on PLT2-407, Platinum Residences 2
Starts from the last sale price (AED 1.19M, 23 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,186,011
- Deposit, UAE resident (20%)
- AED 237,202
- Deposit, non-resident (40%)
- AED 474,404
- Monthly over 25 years at 3.7%
- AED 4,852
Plus AED 54,822 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →