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3-bed · 2,160 sqftSilicon Gates 1, Dubai Silicon Oasis · 5th floor · completed 2014

B501, Silicon Gates 1

Sold prices and rental history: sold 4 times, last in September 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B501 · DLD and Ejari recordsUpdated 24 September 2024
Last soldAED 1.58M24 September 2024
Current rentAED 99K /yr25 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B501, Silicon Gates 1

What is B501 worth today?

Last sold for AED 1,576,000 in 2024

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24 Sep 2024SoldReady
AED 1,576,000AED 729 per sqft
24 Sep 2024SoldReady
AED 1,330,000AED 615 per sqft
25 Aug 2024RentedRenewal
AED 99,337/yr10 months · AED 46 per sqft
5 Aug 2022RentedRenewal
AED 74,750/yr12 months · AED 35 per sqft
5 Aug 2021RentedNew contract
AED 65,000/yr12 months · AED 30 per sqft
5 Jul 2020RentedRenewal
AED 80,000/yr12 months · AED 37 per sqft
5 Jul 2019RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
5 Jul 2018RentedRenewal
AED 135,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 24 September 2024.

Key facts

Type
3-bed apartment
Size
2,160 sqft
Floor
5th of 25
Parking
B1-126,B1-127
Developer
Time Properties
Completed
2014
Service charge
AED 32,300 /yr
Last sold
AED 1.58M · September 2024
Building
Silicon Gates 1

About B501, Silicon Gates 1

B501 is a three-bedroom apartment of 2,160 sqft on the 5th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 24 September 2024 for AED 1,576,000, or AED 729 per sqft, in line with the AED 717 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 25 August 2024, is AED 99,337 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 32,300 a year.

Sales and rents for B501 over time

Sales
Unit B501, each saleTypical three-bed in Silicon Gates 1
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,056,625; 2014 AED 1,512,881; 2015 AED 944,000; 2024 AED 1,330,000Sold by developer, July 2009: AED 788,000 (AED 364 per sqft)Sold, February 2015: AED 788,000 (AED 364 per sqft)Sold, September 2024: AED 1,576,000 (AED 729 per sqft)Sold, September 2024: AED 1,330,000 (AED 615 per sqft)

B501 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit B501, each contractTypical three-bed in Silicon Gates 1
100K20142017202020232026Typical rent by year: 2014 AED 135,000; 2015 AED 130,000; 2016 AED 120,000; 2017 AED 124,500; 2018 AED 107,500; 2019 AED 90,000; 2020 AED 80,000; 2021 AED 78,000; 2022 AED 87,500; 2023 AED 100,000; 2024 AED 109,625; 2025 AED 118,000New contract, June 2016: AED 130,000 a yearNew contract, July 2017: AED 135,000 a yearRenewal, July 2018: AED 135,000 a yearNew contract, July 2019: AED 110,000 a yearRenewal, July 2020: AED 80,000 a yearNew contract, August 2021: AED 65,000 a yearRenewal, August 2022: AED 74,750 a yearRenewal, August 2024: AED 99,337 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Silicon Gates 1, and where B501 sits

All 27 3-beds →

B501 last sold in September 2024 at AED 729 per sqft, in line with what three-beds in Silicon Gates 1 were fetching at the time (AED 717). Over the last 12 months three-beds sold for AED 1,400,000, around AED 937 per sqft, and rent for AED 118,000 to 120,000 a year. B501's AED 99,337 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 Jul 20251,560,000
2 Jul 20241,100,000
18 May 20231,150,000
2 Jan 20231,100,000
1 3-bed sale in the last 12 months

Silicon Gates 1

Building

865 apartments, studios to 3-bed over 25 floors in Dubai Silicon Oasis, completed in 2014 by Time Properties. 23 sold in the last 12 months.

Typical price per sqft
AED 937 Up 16.5%
Typical sale
AED 545K
Typical rent
AED 46K /yr
Typical yield
8.6%
Silicon Gates 1, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 5th floor

All 865 units in Silicon Gates 1
Value
A5012-bedAED 989K · Nov 2014
A502StudioAED 360K · Mar 2023
A503AStudioAED 400K · Nov 2014
A503BStudioAED 363K · Aug 2014
A5041-bedAED 529K · May 2015
A505A1-bedAED 823K · Jan 2015
A505BStudioAED 305K · Nov 2014
1–7 of 42

B501, Silicon Gates 1 in numbers

  • Sold 4 times: first on 13 July 2009 for AED 788,000, last on 24 September 2024 for AED 1,576,000 (AED 729 per sqft).
  • Rented since June 2016 on 8 Ejari contracts. The rent fell from AED 130,000 to AED 65,000 in 2021 and recovered to AED 99,337 by August 2024.
  • At AED 99,337 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 32,300 a year (AED 14.94 per sqft).
  • Three-beds in Silicon Gates 1 sold for AED 1,400,000–1,400,000 in the 12 months to November 2026; the building's median across all types is AED 937 per sqft.

Source: Dubai Land Department. Updated 24 September 2024.

Questions about B501, Silicon Gates 1

What did unit B501 last sell for?

AED 1,576,000 on 24 September 2024: AED 729 per sqft for 2,160 sqft. The unit has 4 registered sales; the first was AED 788,000 in July 2009.

What is the rent for unit B501?

AED 99,337 a year on the contract renewed on 25 August 2024. The previous contract, from August 2022, was AED 74,750; the unit has been rented since June 2016.

How big is unit B501?

2,160 sqft (200.7 sqm): a three-bedroom apartment on the 5th floor of a 25-storey tower completed in 2014.

What is unit B501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Silicon Gates 1 sold for AED 1,400,000 to 1,400,000 in the last 12 months, around AED 937 per sqft.

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Mortgage on B501, Silicon Gates 1

Starts from the last sale price (AED 1.58M, 24 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,576,000
Deposit, UAE resident (20%)
AED 315,200
Deposit, non-resident (40%)
AED 630,400
Monthly over 25 years at 3.7%
AED 6,448

Plus AED 71,202 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →