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Studio · 347 sqftSilicon Gates 3, Dubai Silicon Oasis · 5th floor · completed 2009

505, Silicon Gates 3

Sold prices and rental history: sold once, by the developer in April 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 15 March 2025
Last soldAED 339K13 April 2014
Current rentAED 32K /yr15 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Silicon Gates 3

What is 505 worth today?

Last sold for AED 339,016 in 2014

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15 Mar 2025RentedRenewal
AED 31,500/yr12 months · AED 91 per sqft
15 Mar 2024RentedRenewal
AED 30,000/yr12 months · AED 87 per sqft
10 Mar 2022RentedNew contract
AED 23,000/yr12 months · AED 67 per sqft
1 Nov 2019RentedNew contract
AED 24,000/yr12 months · AED 70 per sqft
15 Jun 2014RentedNew contract
AED 40,000/yr12 months · AED 116 per sqft
13 Apr 2014Sold by developerReady
AED 339,016AED 975 per sqft

Source: Dubai Land Department. Updated 15 March 2025.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
5th of 8
Parking
G-055
Developer
Time Properties
Completed
2009
Service charge
AED 3,600 /yr
Last sold
AED 339K · April 2014
Building
Silicon Gates 3

About 505, Silicon Gates 3

505 is a studio of 347 sqft on the 5th floor of Silicon Gates 3, a 8-storey tower in Dubai Silicon Oasis completed in 2009 by Time Properties. The developer sold it on 13 April 2014 for AED 339,016, or AED 975 per sqft, in line with the AED 975 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 15 March 2025, is AED 31,500 a year: a gross yield of 9.3% on the 2014 price, before the service charge of about AED 3,600 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical studio in Silicon Gates 3
400K2011201520192023Typical sale price by year: 2011 AED 498,000; 2012 AED 257,250; 2014 AED 363,008; 2017 AED 380,000; 2023 AED 260,000Sold by developer, April 2014: AED 339,016 (AED 975 per sqft)

505 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 505, each contractTypical studio in Silicon Gates 3
20K30K40K20142017202020232026Typical rent by year: 2015 AED 37,500; 2016 AED 40,000; 2017 AED 38,000; 2018 AED 35,500; 2019 AED 25,500; 2020 AED 25,500; 2021 AED 20,000; 2022 AED 22,000; 2023 AED 26,800; 2024 AED 34,000; 2025 AED 34,000New contract, June 2014: AED 40,000 a yearNew contract, November 2019: AED 24,000 a yearNew contract, March 2022: AED 23,000 a yearRenewal, March 2024: AED 30,000 a yearRenewal, March 2025: AED 31,500 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Silicon Gates 3, and where 505 sits

All 15 studios →

505 last sold in April 2014 at AED 975 per sqft, in line with what studios in Silicon Gates 3 were fetching at the time (AED 975). 505's AED 31,500 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Jul 2025365,000
20 Feb 2024261,000
25 Apr 2023330,000
22 Mar 2023260,000
0 studio sales in the last 12 months

Silicon Gates 3

Building

120 apartments, studios to 3-bed over 8 floors in Dubai Silicon Oasis, completed in 2009 by Time Properties. 2 sold in the last 12 months.

Typical price per sqft
AED 841
Typical sale
AED 908K
Typical rent
AED 53K /yr
Typical yield
9.1%
Silicon Gates 3, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 5th floor

All 120 units in Silicon Gates 3
Value
5013-bedAED 1.52M · Oct 2014
5023-bedAED 945K · Feb 2026
5032-bedAED 525K · Aug 2021
504AED 462K · Oct 2025
5061-bedAED 610K · Nov 2017
5071-bedAED 974K · Feb 2010
5081-bedAED 988K · Jun 2015
1–7 of 14

505, Silicon Gates 3 in numbers

  • Sold once: by Time Properties on 13 April 2014 for AED 339,016, or AED 975 per sqft.
  • Rented since June 2014 on 5 Ejari contracts. The rent fell from AED 40,000 to AED 23,000 in 2022 and recovered to AED 31,500 by March 2025.
  • At AED 31,500 a year the gross yield on the 2014 price is 9.3%, before a service charge of about AED 3,600 a year (AED 10.48 per sqft).

Source: Dubai Land Department. Updated 15 March 2025.

Questions about 505, Silicon Gates 3

What did unit 505 last sell for?

AED 339,016 on 13 April 2014, sold by the developer: AED 975 per sqft for 347 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 31,500 a year on the contract renewed on 15 March 2025. The previous contract, from March 2024, was AED 30,000; the unit has been rented since June 2014.

How big is unit 505?

347 sqft (32.2 sqm): a studio on the 5th floor of a 8-storey tower completed in 2009.

What is unit 505 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 505, Silicon Gates 3

Starts from the last sale price (AED 339K, 13 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 339,016
Deposit, UAE resident (20%)
AED 67,803
Deposit, non-resident (40%)
AED 135,606
Monthly over 25 years at 3.7%
AED 1,387

Plus AED 17,149 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →