PLT2-506, Platinum Residences 2
Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for PLT2-506, Platinum Residences 2
What is PLT2-506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,201 sqft
- Floor
- 5th of 8
- Parking
- G-130
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 16,800 /yr
- Last sold
- AED 800K · February 2024
- Building
- Platinum Residences 2
About PLT2-506, Platinum Residences 2
PLT2-506 is a two-bedroom apartment of 1,201 sqft on the 5th floor of Platinum Residences 2, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Gulf General Investments Co. It last sold on 23 February 2024 for AED 800,000, or AED 665 per sqft, 5% below the AED 701 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 20 February 2025, is AED 15,000 a year: a gross yield of 1.9% on the 2024 price, before the service charge of about AED 16,800 a year.
Sales and rents for PLT2-506 over time
PLT2-506 has sold 3 times; 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 PLT2-506 sits
All 77 2-beds →PLT2-506 last sold in February 2024 at AED 665 per sqft, 5% below what two-beds in Platinum Residences 2 were fetching at the time (AED 701). 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. PLT2-506's AED 15,000 is at the bottom 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 5th floor
All 80 units in Platinum Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| PLT2-501 | 2-bed | 1,153 sqft | AED 1.12MAED 1,118,585 · Sep 2015September 2015 | 85,000 /yr | |
| PLT2-502 | 2-bed | 1,146 sqft | AED 1.12MAED 1,115,374 · Aug 2017August 2017 | 74,000 /yr | |
| PLT2-503 | 1,184 sqft | AED 745KAED 745,000 · Feb 2021February 2021 | 90,000 /yr | ||
| PLT2-504 | 2-bed | 1,195 sqft | AED 1.19MAED 1,193,664 · Aug 2017August 2017 | ||
| PLT2-505 | 2-bed | 1,201 sqft | AED 1.07MAED 1,072,970 · May 2015May 2015 | 88,000 /yr | |
| PLT2-507 | 1,200 sqft | AED 1.1MAED 1,100,000 · Sep 2025September 2025 | 60,000 /yr | ||
| PLT2-508 | 2-bed | 1,378 sqft | AED 1.26MAED 1,255,897 · Jun 2015June 2015 | 60,000 /yr | |
| PLT2-509 | 2-bed | 1,196 sqft | AED 1.15MAED 1,149,363 · Jun 2015June 2015 | 59,850 /yr | |
| PLT2-510 | 2-bed | 1,195 sqft | AED 890KAED 890,000 · Sep 2023September 2023 | 50,000 /yr |
PLT2-506, Platinum Residences 2 in numbers
- Sold 3 times: first on 24 August 2017 for AED 1,072,735, last on 23 February 2024 for AED 800,000 (AED 665 per sqft).
- Rented since August 2016 on 8 Ejari contracts, from AED 90,000 to AED 15,000 a year.
- At AED 15,000 a year the gross yield on the 2024 price is 1.9%, before a service charge of about AED 16,800 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 20 February 2025.
Questions about PLT2-506, Platinum Residences 2
What did unit PLT2-506 last sell for?
AED 800,000 on 23 February 2024: AED 665 per sqft for 1,201 sqft. The unit has 3 registered sales; the first was AED 1,072,735 in August 2017.
What is the rent for unit PLT2-506?
AED 15,000 a year on the contract signed on 20 February 2025. The previous contract, from February 2024, was AED 59,139; the unit has been rented since August 2016.
How big is unit PLT2-506?
1,201 sqft (111.6 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit PLT2-506 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 PLT2-506, Platinum Residences 2
Starts from the last sale price (AED 800K, 23 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 800,000
- Deposit, UAE resident (20%)
- AED 160,000
- Deposit, non-resident (40%)
- AED 320,000
- Monthly over 25 years at 3.7%
- AED 3,273
Plus AED 38,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →