505, Silicon Gates 2
Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Silicon Gates 2
What is 505 worth today?
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Source: Dubai Land Department. Updated 20 July 2024.
Key facts
- Type
- Studio apartment
- Size
- 352 sqft
- Floor
- 5th of 8
- Parking
- B-23
- Developer
- Time Properties
- Completed
- 2014
- Service charge
- AED 4,400 /yr
- Last sold
- AED 308K · March 2024
- Building
- Silicon Gates 2
About 505, Silicon Gates 2
505 is a studio of 352 sqft on the 5th floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 21 March 2024 for AED 308,000, or AED 875 per sqft, in line with the AED 875 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 20 July 2024, is AED 36,000 a year: a gross yield of 11.7% on the 2024 price, before the service charge of about AED 4,400 a year.
Sales and rents for 505 over time
505 has sold twice; 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 505 sits
All 62 studios →505 last sold in March 2024 at AED 875 per sqft, in line with what studios in Silicon Gates 2 were fetching at the time (AED 875). 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. 505's AED 36,000 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 5th floor
All 131 units in Silicon Gates 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 699 sqft | AED 590KAED 590,000 · Apr 2017April 2017 | 47,200 /yr | |
| 502 | Studio | 401 sqft | AED 490KAED 490,202 · Nov 2015November 2015 | 35,000 /yr | |
| 503 | Studio | 367 sqft | AED 380KAED 380,000 · Jul 2025July 2025 | 38,000 /yr | |
| 504 | 1-bed | 617 sqft | AED 365KAED 365,000 · Nov 2022November 2022 | 42,000 /yr | |
| 506 | 615 sqft | AED 600KAED 600,000 · Aug 2025August 2025 | 45,000 /yr | ||
| 507 | Studio | 387 sqft | AED 428KAED 427,759 · Sep 2016September 2016 | 34,000 /yr | |
| 508 | Studio | 383 sqft | AED 200KAED 200,000 · Oct 2020October 2020 | 50,000 /yr | |
| 509 | 1-bed | 699 sqft | AED 741KAED 741,313 · Nov 2015November 2015 | 50,000 /yr | |
| 510 | 1-bed | 699 sqft | AED 595KAED 594,583 · Sep 2015September 2015 | 50,000 /yr | |
| 511 | Studio | 383 sqft | AED 245KAED 245,000 · Oct 2022October 2022 | 35,200 /yr | |
| 512 | Studio | 387 sqft | AED 250KAED 250,000 · Dec 2024December 2024 | 40,000 /yr | |
| 513 | 1-bed | 622 sqft | AED 400KAED 400,000 · Mar 2024March 2024 | 25,000 /yr | |
| 514 | Studio | 353 sqft | AED 400KAED 400,000 · Jun 2016June 2016 | 43,000 /yr | |
| 515 | 1-bed | 622 sqft | AED 645KAED 645,181 · Nov 2015November 2015 | 38,500 /yr | |
| 516 | Studio | 372 sqft | AED 410KAED 410,000 · Nov 2015November 2015 | 45,000 /yr | |
| 517 | Studio | 401 sqft | AED 245KAED 245,101 · Dec 2022December 2022 | 20,000 /yr | |
| 518 | 1-bed | 699 sqft | AED 747KAED 747,329 · Nov 2015November 2015 | 50,000 /yr |
505, Silicon Gates 2 in numbers
- Sold twice: first on 13 September 2011 for AED 449,400, last on 21 March 2024 for AED 308,000 (AED 875 per sqft).
- Rented since May 2017 on 4 Ejari contracts. The rent fell from AED 33,000 to AED 23,000 in 2023 and recovered to AED 36,000 by July 2024.
- At AED 36,000 a year the gross yield on the 2024 price is 11.7%, before a service charge of about AED 4,400 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 20 July 2024.
Questions about 505, Silicon Gates 2
What did unit 505 last sell for?
AED 308,000 on 21 March 2024: AED 875 per sqft for 352 sqft. The unit has 2 registered sales; the first was AED 449,400 in September 2011.
What is the rent for unit 505?
AED 36,000 a year on the contract signed on 20 July 2024. The previous contract, from October 2023, was AED 23,000; the unit has been rented since May 2017.
How big is unit 505?
352 sqft (32.7 sqm): a studio on the 5th floor of a 8-storey tower completed in 2014.
What is unit 505 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 505, Silicon Gates 2
Starts from the last sale price (AED 308K, 21 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 308,000
- Deposit, UAE resident (20%)
- AED 61,600
- Deposit, non-resident (40%)
- AED 123,200
- Monthly over 25 years at 3.7%
- AED 1,260
Plus AED 15,846 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →