318, Silicon Gates 2
Sold prices and rental history: sold twice, last in October 2024, 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 318, Silicon Gates 2
What is 318 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 31 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 699 sqft
- Floor
- 3rd of 8
- Parking
- B-41
- Developer
- Time Properties
- Completed
- 2014
- Service charge
- AED 8,700 /yr
- Last sold
- AED 490K · October 2024
- Building
- Silicon Gates 2
About 318, Silicon Gates 2
318 is a one-bedroom apartment of 699 sqft on the 3rd floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 24 October 2024 for AED 490,000, or AED 700 per sqft, 9% above the AED 643 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 31 October 2024, is AED 40,000 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 8,700 a year.
Sales and rents for 318 over time
318 has sold twice; the dashed line is the one-bed median of each year in the building.
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 2, and where 318 sits
All 62 1-beds →318 last sold in October 2024 at AED 700 per sqft, 9% above what one-beds in Silicon Gates 2 were fetching at the time (AED 643). 318's AED 40,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Jun 202511 June 2025 | 699 sqft | 600,000 | 858 | ||
| 5 May 20255 May 2025 | 789 sqft | 560,000 | 710 | ||
| 31 Jan 202531 January 2025 | 615 sqft | 520,000 | 845 | ||
| 19 Dec 202419 December 2024 | 598 sqft | 525,300 | 878 |
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 3rd floor
All 131 units in Silicon Gates 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 699 sqft | AED 740KAED 740,000 · Nov 2015November 2015 | 38,000 /yr | |
| 302 | 401 sqft | AED 430KAED 430,000 · Oct 2025October 2025 | 38,000 /yr | ||
| 303 | Studio | 367 sqft | AED 245KAED 245,000 · Oct 2022October 2022 | 27,500 /yr | |
| 304 | 1-bed | 617 sqft | AED 671KAED 671,153 · Jun 2011June 2011 | 45,000 /yr | |
| 305 | Studio | 352 sqft | AED 443KAED 442,874 · Jul 2013July 2013 | 30,000 /yr | |
| 306 | 1-bed | 615 sqft | AED 667KAED 666,819 · Nov 2015November 2015 | 50,000 /yr | |
| 307 | Studio | 387 sqft | AED 233KAED 232,930 · Dec 2015December 2015 | 30,800 /yr | |
| 308 | Studio | 383 sqft | AED 390KAED 390,000 · Jul 2024July 2024 | ||
| 309 | 1-bed | 699 sqft | AED 485KAED 485,000 · Mar 2019March 2019 | 40,000 /yr | |
| 310 | 1-bed | 699 sqft | AED 369KAED 369,067 · Dec 2022December 2022 | 42,350 /yr | |
| 311 | Studio | 191 sqft | AED 462KAED 462,000 · Nov 2015November 2015 | 38,000 /yr | |
| 312 | Studio | 194 sqft | AED 461KAED 461,111 · Nov 2015November 2015 | 29,700 /yr | |
| 313 | 1-bed | 622 sqft | AED 689KAED 689,445 · Mar 2017March 2017 | ||
| 314 | Studio | 353 sqft | AED 290KAED 290,000 · Sep 2023September 2023 | 30,250 /yr | |
| 315 | 1-bed | 311 sqft | AED 683KAED 682,760 · Nov 2015November 2015 | 33,541 /yr | |
| 316 | Studio | 186 sqft | AED 446KAED 446,282 · Nov 2015November 2015 | 29,900 /yr | |
| 317 | Studio | 401 sqft | AED 425KAED 425,000 · Jun 2016June 2016 | 28,000 /yr |
318, Silicon Gates 2 in numbers
- Sold twice: first on 2 July 2015 for AED 730,000, last on 24 October 2024 for AED 490,000 (AED 700 per sqft).
- Rented since February 2019 on 6 Ejari contracts. The rent fell from AED 37,000 to AED 24,923 in 2021 and recovered to AED 40,000 by October 2024.
- At AED 40,000 a year the gross yield on the 2024 price is 8.2%, before a service charge of about AED 8,700 a year (AED 12.49 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 31 October 2024.
Questions about 318, Silicon Gates 2
What did unit 318 last sell for?
AED 490,000 on 24 October 2024: AED 700 per sqft for 699 sqft. The unit has 2 registered sales; the first was AED 730,000 in July 2015.
What is the rent for unit 318?
AED 40,000 a year on the contract renewed on 31 October 2024. The previous contract, from October 2023, was AED 34,500; the unit has been rented since February 2019.
How big is unit 318?
699 sqft (64.9 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2014.
What is unit 318 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 318, Silicon Gates 2
Starts from the last sale price (AED 490K, 24 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 490,000
- Deposit, UAE resident (20%)
- AED 98,000
- Deposit, non-resident (40%)
- AED 196,000
- Monthly over 25 years at 3.7%
- AED 2,005
Plus AED 23,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →