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1-bed · 828 sqftSilicon Gates 1, Dubai Silicon Oasis · 5th floor · completed 2014

B503, Silicon Gates 1

Sold prices and rental history: sold 4 times, last in October 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B503 · DLD and Ejari recordsUpdated 25 October 2022
Last soldAED 410K25 October 2022
Current rentAED 40K /yr1 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B503, Silicon Gates 1

What is B503 worth today?

Last sold for AED 410,000 in 2022

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25 Oct 2022SoldReady
AED 410,000AED 495 per sqft
1 Jan 2019RentedRenewal
AED 40,000/yr12 months · AED 48 per sqft
1 Jan 2017RentedNew contract
AED 40,000/yr12 months · AED 48 per sqft
1 Jan 2016RentedNew contract
AED 40,000/yr12 months · AED 48 per sqft
2 Nov 2014SoldReady
AED 385,000AED 465 per sqft
1 Nov 2014RentedNew contract
AED 40,000/yr12 months · AED 48 per sqft
14 Aug 2014SoldReady
AED 647,000AED 781 per sqft
9 Aug 2009Sold by developerOff-plan
AED 647,000AED 781 per sqft

Source: Dubai Land Department. Updated 25 October 2022.

Key facts

Type
1-bed apartment
Size
828 sqft
Floor
5th of 25
Parking
B3-261
Developer
Time Properties
Completed
2014
Service charge
AED 12,400 /yr
Last sold
AED 410K · October 2022
Building
Silicon Gates 1

About B503, Silicon Gates 1

B503 is a one-bedroom apartment of 828 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 25 October 2022 for AED 410,000, or AED 495 per sqft, in line with the AED 510 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 1 January 2019, is AED 40,000 a year: a gross yield of 9.8% on the 2022 price, before the service charge of about AED 12,400 a year.

Sales and rents for B503 over time

Sales
Unit B503, each saleTypical one-bed in Silicon Gates 1
400K600K2009201420192024Typical sale price by year: 2009 AED 646,173; 2011 AED 656,541; 2013 AED 579,802; 2014 AED 682,080; 2015 AED 652,500; 2016 AED 600,000; 2017 AED 630,000; 2018 AED 550,000; 2019 AED 425,000; 2020 AED 320,000; 2021 AED 389,000; 2022 AED 405,000; 2023 AED 450,000; 2024 AED 530,000; 2025 AED 622,500; 2026 AED 700,000Sold by developer, August 2009: AED 647,000 (AED 781 per sqft)Sold, August 2014: AED 647,000 (AED 781 per sqft)Sold, November 2014: AED 385,000 (AED 465 per sqft)Sold, October 2022: AED 410,000 (AED 495 per sqft)

B503 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit B503, each contractTypical one-bed in Silicon Gates 1
40K60K2014201820222026Typical rent by year: 2014 AED 64,913; 2015 AED 65,000; 2016 AED 65,000; 2017 AED 60,000; 2018 AED 50,000; 2019 AED 42,000; 2020 AED 34,000; 2021 AED 30,000; 2022 AED 34,000; 2023 AED 39,675; 2024 AED 45,150; 2025 AED 52,000; 2026 AED 53,500New contract, November 2014: AED 40,000 a yearNew contract, January 2016: AED 40,000 a yearNew contract, January 2017: AED 40,000 a yearRenewal, January 2019: AED 40,000 a year

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

1-beds in Silicon Gates 1, and where B503 sits

All 358 1-beds →

B503 last sold in October 2022 at AED 495 per sqft, in line with what one-beds in Silicon Gates 1 were fetching at the time (AED 510). Over the last 12 months one-beds sold for AED 343,480 to 750,000, around AED 835 per sqft, and rent for AED 37,491 to 78,000 a year. B503's AED 40,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Feb 2026580,000
10 Feb 2026700,000
5 Feb 2026700,000
3 Feb 2026343,480
11 1-bed 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

B503, Silicon Gates 1 in numbers

  • Sold 4 times: first on 9 August 2009 for AED 647,000, last on 25 October 2022 for AED 410,000 (AED 495 per sqft).
  • Rented since November 2014 on 4 Ejari contracts, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2022 price is 9.8%, before a service charge of about AED 12,400 a year (AED 14.94 per sqft).
  • One-beds in Silicon Gates 1 sold for AED 343,480–750,000 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 October 2022.

Questions about B503, Silicon Gates 1

What did unit B503 last sell for?

AED 410,000 on 25 October 2022: AED 495 per sqft for 828 sqft. The unit has 4 registered sales; the first was AED 647,000 in August 2009.

What is the rent for unit B503?

AED 40,000 a year on the contract renewed on 1 January 2019. The previous contract, from January 2017, was AED 40,000; the unit has been rented since November 2014.

How big is unit B503?

828 sqft (76.9 sqm): a one-bedroom apartment on the 5th floor of a 25-storey tower completed in 2014.

What is unit B503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Silicon Gates 1 sold for AED 343,480 to 750,000 in the last 12 months, around AED 835 per sqft.

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Mortgage on B503, Silicon Gates 1

Starts from the last sale price (AED 410K, 25 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 410,000
Deposit, UAE resident (20%)
AED 82,000
Deposit, non-resident (40%)
AED 164,000
Monthly over 25 years at 3.7%
AED 1,677

Plus AED 20,130 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →