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3-bed · 2,149 sqftSilicon Gates 1, Dubai Silicon Oasis · 5th floor · completed 2014

B507, Silicon Gates 1

Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B507 · DLD and Ejari recordsUpdated 20 November 2024
Last soldAED 1.72M28 June 2016
Current rentAED 145K /yr20 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B507, Silicon Gates 1

What is B507 worth today?

Last sold for AED 1,715,980 in 2016

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20 Nov 2024RentedNew contract
AED 145,000/yr12 months · AED 67 per sqft
20 Nov 2019RentedNew contract
AED 90,000/yr12 months · AED 42 per sqft
1 Jul 2018RentedRenewal
AED 110,000/yr12 months · AED 51 per sqft
1 Jul 2017RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft
28 Jun 2016Sold by developerOff-plan
AED 1,715,980AED 798 per sqft
15 May 2016RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 20 November 2024.

Key facts

Type
3-bed apartment
Size
2,149 sqft
Floor
5th of 25
Parking
B1-228,B1-229
Developer
Time Properties
Completed
2014
Service charge
AED 32,100 /yr
Last sold
AED 1.72M · June 2016
Building
Silicon Gates 1

About B507, Silicon Gates 1

B507 is a three-bedroom apartment of 2,149 sqft on the 5th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. The developer sold it on 28 June 2016 for AED 1,715,980, or AED 798 per sqft, in line with the AED 798 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 20 November 2024, is AED 145,000 a year: a gross yield of 8.5% on the 2016 price, before the service charge of about AED 32,100 a year.

Sales and rents for B507 over time

Sales
Unit B507, each saleTypical three-bed in Silicon Gates 1
1M1.5M20092013201720212025Typical 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, June 2016: AED 1,715,980 (AED 798 per sqft)

B507 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit B507, each contractTypical three-bed in Silicon Gates 1
100K150K20142017202020232026Typical 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, May 2016: AED 120,000 a yearNew contract, July 2017: AED 120,000 a yearRenewal, July 2018: AED 110,000 a yearNew contract, November 2019: AED 90,000 a yearNew contract, November 2024: AED 145,000 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 B507 sits

All 27 3-beds →

B507 last sold in June 2016 at AED 798 per sqft, in line with what three-beds in Silicon Gates 1 were fetching at the time (AED 798). 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. B507's AED 145,000 is at the top of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 Jul 20251,560,000
24 Sep 20241,330,000
24 Sep 20241,576,000
2 Jul 20241,100,000
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

B507, Silicon Gates 1 in numbers

  • Sold once: by Time Properties on 28 June 2016 for AED 1,715,980, or AED 798 per sqft.
  • Rented since May 2016 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 90,000 in 2019 and recovered to AED 145,000 by November 2024.
  • At AED 145,000 a year the gross yield on the 2016 price is 8.5%, before a service charge of about AED 32,100 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 20 November 2024.

Questions about B507, Silicon Gates 1

What did unit B507 last sell for?

AED 1,715,980 on 28 June 2016, sold by the developer: AED 798 per sqft for 2,149 sqft. It is the only registered sale of the unit.

What is the rent for unit B507?

AED 145,000 a year on the contract signed on 20 November 2024. The previous contract, from November 2019, was AED 90,000; the unit has been rented since May 2016.

How big is unit B507?

2,149 sqft (199.6 sqm): a three-bedroom apartment on the 5th floor of a 25-storey tower completed in 2014.

What is unit B507 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 B507, Silicon Gates 1

Starts from the last sale price (AED 1.72M, 28 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,715,980
Deposit, UAE resident (20%)
AED 343,196
Deposit, non-resident (40%)
AED 686,392
Monthly over 25 years at 3.7%
AED 7,021

Plus AED 77,081 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →