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Studio · 488 sqftSilicon Gates 1, Dubai Silicon Oasis · 5th floor · completed 2014

B502, Silicon Gates 1

Sold prices and rental history: sold 3 times, last in December 2021, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B502 · DLD and Ejari recordsUpdated 25 January 2023
Last soldAED 250K9 December 2021
Current rentAED 28K /yr25 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B502, Silicon Gates 1

What is B502 worth today?

Last sold for AED 250,000 in 2021

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25 Jan 2023RentedRenewal
AED 28,000/yr12 months · AED 57 per sqft
25 Jan 2022RentedNew contract
AED 24,000/yr12 months · AED 49 per sqft
9 Dec 2021SoldReady
AED 250,000AED 512 per sqft
25 Jan 2018RentedRenewal
AED 38,000/yr12 months · AED 78 per sqft
25 Jan 2017RentedNew contract
AED 43,000/yr12 months · AED 89 per sqft
27 Nov 2014SoldReady
AED 659,700AED 1,351 per sqft
9 Aug 2009Sold by developerOff-plan
AED 733,000AED 1,501 per sqft

Source: Dubai Land Department. Updated 25 January 2023.

Key facts

Type
Studio apartment
Size
488 sqft
Floor
5th of 25
Parking
B3-260
Developer
Time Properties
Completed
2014
Service charge
AED 7,300 /yr
Last sold
AED 250K · December 2021
Building
Silicon Gates 1

About B502, Silicon Gates 1

B502 is a studio of 488 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 9 December 2021 for AED 250,000, or AED 512 per sqft, 20% below the AED 642 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 25 January 2023, is AED 28,000 a year: a gross yield of 11.2% on the 2021 price, before the service charge of about AED 7,300 a year.

Sales and rents for B502 over time

Sales
Unit B502, each saleTypical studio in Silicon Gates 1
250K500K750K2009201420192024Typical sale price by year: 2009 AED 327,000; 2010 AED 436,000; 2011 AED 343,339; 2012 AED 227,500; 2013 AED 333,574; 2014 AED 355,000; 2015 AED 350,000; 2016 AED 400,000; 2017 AED 390,000; 2018 AED 340,000; 2019 AED 290,000; 2020 AED 250,500; 2021 AED 252,500; 2022 AED 255,000; 2023 AED 295,000; 2024 AED 350,000; 2025 AED 400,000; 2026 AED 480,000Sold by developer, August 2009: AED 733,000 (AED 1,501 per sqft)Sold, November 2014: AED 659,700 (AED 1,351 per sqft)Sold, December 2021: AED 250,000 (AED 512 per sqft)

B502 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit B502, each contractTypical studio in Silicon Gates 1
20K40K2014201820222026Typical rent by year: 2014 AED 44,880; 2015 AED 45,000; 2016 AED 45,000; 2017 AED 40,000; 2018 AED 35,000; 2019 AED 29,000; 2020 AED 24,000; 2021 AED 21,000; 2022 AED 24,000; 2023 AED 28,000; 2024 AED 33,500; 2025 AED 37,000; 2026 AED 40,500New contract, January 2017: AED 43,000 a yearRenewal, January 2018: AED 38,000 a yearNew contract, January 2022: AED 24,000 a yearRenewal, January 2023: AED 28,000 a year

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

Studios in Silicon Gates 1, and where B502 sits

All 365 studios →

B502 last sold in December 2021 at AED 512 per sqft, 20% below what studios in Silicon Gates 1 were fetching at the time (AED 642). Over the last 12 months studios sold for AED 400,000 to 545,000, around AED 1,231 per sqft, and rent for AED 28,000 to 50,000 a year. B502's AED 28,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
17 Feb 2026480,000
13 Feb 2026430,000
9 Feb 2026545,000
22 Jan 2026450,000
9 studio sales 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

B502, Silicon Gates 1 in numbers

  • Sold 3 times: first on 9 August 2009 for AED 733,000, last on 9 December 2021 for AED 250,000 (AED 512 per sqft).
  • Rented since January 2017 on 4 Ejari contracts. The rent fell from AED 43,000 to AED 24,000 in 2022 and recovered to AED 28,000 by January 2023.
  • At AED 28,000 a year the gross yield on the 2021 price is 11.2%, before a service charge of about AED 7,300 a year (AED 14.94 per sqft).
  • Studios in Silicon Gates 1 sold for AED 400,000–545,000 in the 12 months to November 2026; the building's median across all types is AED 937 per sqft.

Source: Dubai Land Department. Updated 25 January 2023.

Questions about B502, Silicon Gates 1

What did unit B502 last sell for?

AED 250,000 on 9 December 2021: AED 512 per sqft for 488 sqft. The unit has 3 registered sales; the first was AED 733,000 in August 2009.

What is the rent for unit B502?

AED 28,000 a year on the contract renewed on 25 January 2023. The previous contract, from January 2022, was AED 24,000; the unit has been rented since January 2017.

How big is unit B502?

488 sqft (45.3 sqm): a studio on the 5th floor of a 25-storey tower completed in 2014.

What is unit B502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Silicon Gates 1 sold for AED 400,000 to 545,000 in the last 12 months, around AED 1,231 per sqft.

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Mortgage on B502, Silicon Gates 1

Starts from the last sale price (AED 250K, 9 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

Plus AED 13,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →