116, Silicon Gates 2
Sold prices and rental history: sold 3 times, last in May 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, Silicon Gates 2
What is 116 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 372 sqft
- Floor
- 1st of 8
- Parking
- G-65
- Developer
- Time Properties
- Completed
- 2014
- Service charge
- AED 4,700 /yr
- Last sold
- AED 330K · May 2021
- Building
- Silicon Gates 2
About 116, Silicon Gates 2
116 is a studio of 372 sqft on the 1st floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 25 May 2021 for AED 330,000, or AED 886 per sqft, 46% above the AED 605 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 1 September 2024, is AED 38,000 a year: a gross yield of 11.5% on the 2021 price, before the service charge of about AED 4,700 a year.
Sales and rents for 116 over time
116 has sold 3 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Silicon Gates 2, and where 116 sits
All 62 studios →116 last sold in May 2021 at AED 886 per sqft, 46% above what studios in Silicon Gates 2 were fetching at the time (AED 605). Over the last 12 months studios sold for AED 420,000, around AED 1,084 per sqft, and rent for AED 26,000 to 45,000 a year. 116's AED 38,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Dec 202530 December 2025 | 387 sqft | 420,000 | 1,084 | ||
| 25 Jul 202525 July 2025 | 367 sqft | 380,000 | 1,036 | ||
| 9 Jul 20259 July 2025 | 352 sqft | 350,000 | 994 | ||
| 27 Dec 202427 December 2024 | 387 sqft | 395,000 | 1,020 |
Silicon Gates 2
Building131 apartments, studios to 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2014 by Time Properties. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,084
- Typical sale
- AED 420K
- Typical rent
- AED 42K /yr
- Typical yield
- 8.1%
Other units on the 1st floor
All 131 units in Silicon Gates 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 699 sqft | AED 529KAED 528,774 · Nov 2015November 2015 | 60,000 /yr | |
| 102 | Studio | 401 sqft | AED 390KAED 390,000 · Jul 2015July 2015 | 35,000 /yr | |
| 103 | Studio | 367 sqft | AED 280KAED 280,000 · Sep 2022September 2022 | 32,000 /yr | |
| 104 | 1-bed | 309 sqft | AED 417KAED 416,698 · Nov 2015November 2015 | 35,000 /yr | |
| 105 | Studio | 352 sqft | AED 350KAED 350,000 · Jul 2025July 2025 | 17,000 /yr | |
| 106 | 1-bed | 615 sqft | AED 520KAED 520,000 · Jan 2025January 2025 | 28,000 /yr | |
| 107 | Studio | 387 sqft | AED 258KAED 258,000 · Dec 2021December 2021 | 27,000 /yr | |
| 108 | Studio | 383 sqft | AED 430KAED 430,000 · Sep 2024September 2024 | 30,000 /yr | |
| 109 | 1-bed | 699 sqft | AED 618KAED 618,000 · Sep 2023September 2023 | 75,000 /yr | |
| 110 | 1-bed | 699 sqft | AED 524KAED 524,400 · Jun 2023June 2023 | 35,650 /yr | |
| 111 | Studio | 383 sqft | AED 330KAED 330,000 · Dec 2022December 2022 | 20,000 /yr | |
| 112 | Studio | 387 sqft | AED 291KAED 291,372 · Nov 2015November 2015 | 40,000 /yr | |
| 113 | 1-bed | 1,111 sqft | AED 310KAED 310,000 · Dec 2014December 2014 | 30,000 /yr | |
| 114 | Studio | 353 sqft | AED 244KAED 243,909 · Nov 2015November 2015 | 39,000 /yr | |
| 115 | 1-bed | 1,170 sqft | AED 370KAED 370,000 · Dec 2014December 2014 | 51,000 /yr | |
| 117 | Studio | 401 sqft | AED 260KAED 260,000 · Nov 2015November 2015 | 30,276 /yr | |
| 118 | 1-bed | 699 sqft | AED 600KAED 600,000 · Jun 2025June 2025 | 55,000 /yr |
116, Silicon Gates 2 in numbers
- Sold 3 times: first on 10 November 2015 for AED 245,000, last on 25 May 2021 for AED 330,000 (AED 886 per sqft).
- Rented since January 2019 on 6 Ejari contracts, from AED 29,000 to AED 38,000 a year.
- At AED 38,000 a year the gross yield on the 2021 price is 11.5%, before a service charge of about AED 4,700 a year (AED 12.49 per sqft).
- Studios in Silicon Gates 2 sold for AED 420,000–420,000 in the 12 months to November 2026; the building's median across all types is AED 1,084 per sqft.
Source: Dubai Land Department. Updated 1 September 2024.
Questions about 116, Silicon Gates 2
What did unit 116 last sell for?
AED 330,000 on 25 May 2021: AED 886 per sqft for 372 sqft. The unit has 3 registered sales; the first was AED 245,000 in November 2015.
What is the rent for unit 116?
AED 38,000 a year on the contract signed on 1 September 2024. The previous contract, from January 2023, was AED 32,000; the unit has been rented since January 2019.
How big is unit 116?
372 sqft (34.6 sqm): a studio on the 1st floor of a 8-storey tower completed in 2014.
What is unit 116 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Silicon Gates 2 sold for AED 420,000 to 420,000 in the last 12 months, around AED 1,084 per sqft.
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Mortgage on 116, Silicon Gates 2
Starts from the last sale price (AED 330K, 25 May 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 330,000
- Deposit, UAE resident (20%)
- AED 66,000
- Deposit, non-resident (40%)
- AED 132,000
- Monthly over 25 years at 3.7%
- AED 1,350
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →