502, Silicon Avenue
Sold prices and rental history: sold 3 times, last in March 2015, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Silicon Avenue
What is 502 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 4 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 985 sqft
- Floor
- 5th of 6
- Parking
- G - 116
- Developer
- York Shire Corporation
- Completed
- 2010
- Service charge
- AED 9,800 /yr
- Last sold
- AED 920K · March 2015
- Building
- Silicon Avenue
About 502, Silicon Avenue
502 is a two-bedroom apartment of 985 sqft on the 5th floor of Silicon Avenue, a 6-storey tower in Dubai Silicon Oasis completed in 2010 by York Shire Corporation. It last sold on 17 March 2015 for AED 920,000, or AED 933 per sqft.
It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 4 April 2024, is AED 57,800 a year: a gross yield of 6.3% on the 2015 price, before the service charge of about AED 9,800 a year.
2-beds in Silicon Avenue, and where 502 sits
All 1 2-beds →Silicon Avenue
Building11 apartments, studios to 2-bed over 6 floors in Dubai Silicon Oasis, completed in 2010 by York Shire Corporation. 1 sold in the last 12 months.
- Typical price per sqft
- AED 622
- Typical sale
- AED 490K
- Typical rent
- AED 47K /yr
- Typical yield
- 9.5%
Other units on the 5th floor
All 11 units in Silicon Avenue502, Silicon Avenue in numbers
- Sold 3 times: first on 27 May 2009 for AED 1,526,400, last on 17 March 2015 for AED 920,000 (AED 933 per sqft).
- Rented since October 2012 on 10 Ejari contracts. The rent fell from AED 50,000 to AED 43,000 in 2021 and recovered to AED 57,800 by April 2024.
- At AED 57,800 a year the gross yield on the 2015 price is 6.3%, before a service charge of about AED 9,800 a year (AED 9.95 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 4 April 2024.
Questions about 502, Silicon Avenue
What did unit 502 last sell for?
AED 920,000 on 17 March 2015: AED 933 per sqft for 985 sqft. The unit has 3 registered sales; the first was AED 1,526,400 in May 2009.
What is the rent for unit 502?
AED 57,800 a year on the contract renewed on 4 April 2024. The previous contract, from April 2023, was AED 52,000; the unit has been rented since October 2012.
How big is unit 502?
985 sqft (91.5 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2010.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 502, Silicon Avenue
Starts from the last sale price (AED 920K, 17 March 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 920,000
- Deposit, UAE resident (20%)
- AED 184,000
- Deposit, non-resident (40%)
- AED 368,000
- Monthly over 25 years at 3.7%
- AED 3,764
Plus AED 43,650 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →