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3-bed · 1,658 sqftSilicon Heights 2, Dubai Silicon Oasis · 5th floor

518, Silicon Heights 2

Sold prices and rental history: sold once, by the developer in October 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518 · DLD and Ejari recordsUpdated 15 January 2022
Last soldAED 1.35M6 October 2016
Current rentAED 75K /yr15 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 518, Silicon Heights 2

What is 518 worth today?

Last sold for AED 1,350,000 in 2016

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15 Jan 2022RentedNew contract
AED 75,000/yr12 months · AED 45 per sqft
15 Jan 2021RentedNew contract
AED 75,000/yr12 months · AED 45 per sqft
15 Dec 2019RentedNew contract
AED 90,000/yr12 months · AED 54 per sqft
6 Oct 2016Sold by developerReady
AED 1,350,000AED 814 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2022.

Key facts

Type
3-bed apartment
Size
1,658 sqft
Floor
5th of 9
Parking
B-8, B-133
Service charge
AED 17,700 /yr
Last sold
AED 1.35M · October 2016
Building
Silicon Heights 2

About 518, Silicon Heights 2

518 is a three-bedroom apartment of 1,658 sqft on the 5th floor of Silicon Heights 2, a 9-storey tower in Dubai Silicon Oasis. The developer sold it on 6 October 2016 for AED 1,350,000, or AED 814 per sqft, in line with the AED 814 three-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 15 January 2022, is AED 75,000 a year: a gross yield of 5.6% on the 2016 price, before the service charge of about AED 17,700 a year.

Sales and rents for 518 over time

Sales
Unit 518, each saleTypical three-bed in Silicon Heights 2
1M201620172018Typical sale price by year: 2016 AED 1,350,000; 2017 AED 725,000Sold by developer, October 2016: AED 1,350,000 (AED 814 per sqft)

518 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 518, each contractTypical three-bed in Silicon Heights 2
75K100K125K20182020202220242026Typical rent by year: 2018 AED 120,000; 2019 AED 90,000; 2020 AED 73,500; 2021 AED 72,500; 2022 AED 82,500; 2023 AED 93,000; 2024 AED 96,000; 2025 AED 100,000New contract, December 2019: AED 90,000 a yearNew contract, January 2021: AED 75,000 a yearNew contract, January 2022: AED 75,000 a year

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

3-beds in Silicon Heights 2, and where 518 sits

All 8 3-beds →

518 last sold in October 2016 at AED 814 per sqft, in line with what three-beds in Silicon Heights 2 were fetching at the time (AED 814).

Recent 3-bed salesUnit no.Price (AED)Summary
18 Nov 20241,480,000
13 Oct 20231,250,000
7 Aug 20231,230,000
7 Jun 20221,150,000
0 3-bed sales in the last 12 months

Silicon Heights 2

Building

234 apartments, studios to 3-bed over 9 floors in Dubai Silicon Oasis. 5 sold in the last 12 months.

Typical price per sqft
AED 1,011
Typical sale
AED 760K
Typical rent
AED 52K /yr
Typical yield
7.7%
Silicon Heights 2, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 5th floor

All 234 units in Silicon Heights 2
Value
5011-bedAED 670K · Sep 2016
5021-bedAED 617K · Jan 2017
5031-bedAED 700K · Apr 2017
5041-bedAED 640K · Nov 2016
505StudioAED 360K · Aug 2023
5061-bedAED 470K · Jan 2023
5071-bedAED 660K · Mar 2025
1–7 of 26

518, Silicon Heights 2 in numbers

  • Sold once: by the developer on 6 October 2016 for AED 1,350,000, or AED 814 per sqft.
  • Rented since December 2019 on 3 Ejari contracts, from AED 90,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2016 price is 5.6%, before a service charge of about AED 17,700 a year (AED 10.65 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2022.

Questions about 518, Silicon Heights 2

What did unit 518 last sell for?

AED 1,350,000 on 6 October 2016, sold by the developer: AED 814 per sqft for 1,658 sqft. It is the only registered sale of the unit.

What is the rent for unit 518?

AED 75,000 a year on the contract signed on 15 January 2022. The previous contract, from January 2021, was AED 75,000; the unit has been rented since December 2019.

How big is unit 518?

1,658 sqft (154.0 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower.

What is unit 518 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 518, Silicon Heights 2

Starts from the last sale price (AED 1.35M, 6 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

Plus AED 61,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →