409, Silicon Gates 2
Sold prices and rental history: sold once, by the developer in August 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 409, Silicon Gates 2
What is 409 worth today?
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Source: Dubai Land Department. Updated 10 August 2024.
Key facts
- Type
- Apartment
- Size
- 699 sqft
- Floor
- 4th of 8
- Parking
- B-36
- Developer
- Time Properties
- Completed
- 2014
- Service charge
- AED 8,700 /yr
- Last sold
- AED 688K · August 2011
- Building
- Silicon Gates 2
About 409, Silicon Gates 2
409 is an apartment of 699 sqft on the 4th floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. The developer sold it on 18 August 2011 for AED 688,228, or AED 984 per sqft.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 10 August 2024, is AED 38,500 a year: a gross yield of 5.6% on the 2011 price, before the service charge of about AED 8,700 a year.
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 4th floor
All 131 units in Silicon Gates 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 699 sqft | AED 694KAED 693,812 · Apr 2017April 2017 | ||
| 402 | Studio | 401 sqft | AED 335KAED 335,000 · Nov 2022November 2022 | 45,000 /yr | |
| 403 | Studio | 367 sqft | AED 420KAED 420,000 · Nov 2015November 2015 | 28,000 /yr | |
| 404 | 1-bed | 617 sqft | AED 636KAED 636,000 · Nov 2015November 2015 | 48,000 /yr | |
| 405 | Studio | 352 sqft | AED 140KAED 140,000 · Nov 2015November 2015 | 27,132 /yr | |
| 406 | 1-bed | 615 sqft | AED 400KAED 400,000 · May 2024May 2024 | 45,000 /yr | |
| 407 | Studio | 387 sqft | AED 300KAED 300,000 · Sep 2016September 2016 | 30,800 /yr | |
| 408 | Studio | 383 sqft | AED 430KAED 430,372 · Jun 2016June 2016 | 44,000 /yr | |
| 410 | 1-bed | 699 sqft | AED 588KAED 588,418 · Sep 2015September 2015 | 54,000 /yr | |
| 411 | Studio | 383 sqft | AED 380KAED 380,000 · Jun 2016June 2016 | 28,600 /yr | |
| 412 | Studio | 387 sqft | AED 410KAED 410,000 · May 2017May 2017 | 35,200 /yr | |
| 413 | 1-bed | 622 sqft | AED 642KAED 641,656 · Nov 2015November 2015 | 43,000 /yr | |
| 414 | Studio | 353 sqft | AED 452KAED 451,500 · Nov 2015November 2015 | 30,000 /yr | |
| 415 | 1-bed | 622 sqft | AED 641KAED 641,019 · Nov 2015November 2015 | 50,000 /yr | |
| 416 | Studio | 372 sqft | AED 385KAED 385,101 · Nov 2015November 2015 | 39,000 /yr | |
| 417 | Studio | 401 sqft | AED 390KAED 390,000 · Mar 2018March 2018 | 26,000 /yr | |
| 418 | 1-bed | 699 sqft | AED 620KAED 620,000 · Nov 2016November 2016 | 39,270 /yr |
409, Silicon Gates 2 in numbers
- Sold once: by Time Properties on 18 August 2011 for AED 688,228, or AED 984 per sqft.
- Rented since June 2015 on 8 Ejari contracts. The rent fell from AED 55,000 to AED 29,000 in 2021 and recovered to AED 38,500 by August 2024.
- At AED 38,500 a year the gross yield on the 2011 price is 5.6%, before a service charge of about AED 8,700 a year (AED 12.49 per sqft).
Source: Dubai Land Department. Updated 10 August 2024.
Questions about 409, Silicon Gates 2
What did unit 409 last sell for?
AED 688,228 on 18 August 2011, sold by the developer: AED 984 per sqft for 699 sqft. It is the only registered sale of the unit.
What is the rent for unit 409?
AED 38,500 a year on the contract renewed on 10 August 2024. The previous contract, from August 2023, was AED 36,000; the unit has been rented since June 2015.
How big is unit 409?
699 sqft (64.9 sqm): an apartment on the 4th floor of a 8-storey tower completed in 2014.
What is unit 409 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 409, Silicon Gates 2
Starts from the last sale price (AED 688K, 18 August 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 688,228
- Deposit, UAE resident (20%)
- AED 137,646
- Deposit, non-resident (40%)
- AED 275,291
- Monthly over 25 years at 3.7%
- AED 2,816
Plus AED 33,915 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →