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Studio · 478 sqftArabian Gate, Dubai Silicon Oasis · 10th floor · completed 2020

1040, Arabian Gate

Sold prices and rental history: sold twice, last in January 2023, and rented once, from May 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1040 · DLD and Ejari recordsUpdated 19 January 2023
Last soldAED 325K19 January 2023
Current rentAED 25K /yr20 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1040, Arabian Gate

What is 1040 worth today?

Last sold for AED 325,000 in 2023

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19 Jan 2023SoldReady
AED 325,000AED 679 per sqft
20 May 2022RentedNew contract
AED 25,000/yr12 months · AED 52 per sqft
17 Apr 2022Sold by developerReady
AED 349,998AED 732 per sqft

Source: Dubai Land Department. Updated 19 January 2023.

Key facts

Type
Studio apartment
Size
478 sqft
Floor
10th of 14
Parking
B2-71
Developer
Time Properties
Completed
2020
Service charge
AED 5,200 /yr
Last sold
AED 325K · January 2023
Building
Arabian Gate

About 1040, Arabian Gate

1040 is a studio of 478 sqft on the 10th floor of Arabian Gate, a 14-storey tower in Dubai Silicon Oasis completed in 2020 by Time Properties. It last sold on 19 January 2023 for AED 325,000, or AED 679 per sqft, 3% below the AED 701 studios in the building were fetching at the time.

One Ejari contract is registered, from 20 May 2022. The current contract, signed on 20 May 2022, is AED 25,000 a year: a gross yield of 7.7% on the 2023 price, before the service charge of about AED 5,200 a year.

Sales and rents for 1040 over time

Sales
Unit 1040, each saleTypical studio in Arabian Gate
300K400K500K2016201920222025Typical sale price by year: 2016 AED 398,000; 2017 AED 420,012; 2018 AED 409,748; 2019 AED 379,435; 2020 AED 346,144; 2021 AED 355,000; 2022 AED 347,316; 2023 AED 372,000; 2024 AED 422,500; 2025 AED 499,999; 2026 AED 530,000Sold by developer, April 2022: AED 349,998 (AED 732 per sqft)Sold, January 2023: AED 325,000 (AED 679 per sqft)

1040 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1040, each contractTypical studio in Arabian Gate
30K40K2020202220242026Typical rent by year: 2020 AED 24,000; 2021 AED 24,000; 2022 AED 27,000; 2023 AED 32,000; 2024 AED 35,000; 2025 AED 40,000; 2026 AED 42,000New contract, May 2022: AED 25,000 a year

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

Studios in Arabian Gate, and where 1040 sits

All 362 studios →

1040 last sold in January 2023 at AED 679 per sqft, 3% below what studios in Arabian Gate were fetching at the time (AED 701). Over the last 12 months studios sold for AED 214,678 to 635,000, around AED 1,140 per sqft, and rent for AED 20,000 to 66,000 a year. 1040's AED 25,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026592,000
23 Oct 2026510,000
23 Oct 2026535,000
7 Oct 2026540,000
32 studio sales in the last 12 months

Arabian Gate

Building

704 apartments, studios to 3-bed over 14 floors in Dubai Silicon Oasis, completed in 2020 by Time Properties. 56 sold in the last 12 months.

Typical price per sqft
AED 1,117 Up 8.8%
Typical sale
AED 584K
Typical rent
AED 50K /yr
Typical yield
7.5%
Arabian Gate, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 10th floor

All 704 units in Arabian Gate
Value
1001StudioAED 307K · Oct 2021
1002StudioAED 358K · Jul 2024
1003StudioAED 400K · Apr 2016
1004StudioAED 391K · May 2016
1005StudioAED 403K · Apr 2016
1006StudioAED 350K · Dec 2023
10072-bedAED 835K · Feb 2022
1–7 of 49

1040, Arabian Gate in numbers

  • Sold twice: first on 17 April 2022 for AED 349,998, last on 19 January 2023 for AED 325,000 (AED 679 per sqft).
  • Rented since May 2022 on one Ejari contract, at AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2023 price is 7.7%, before a service charge of about AED 5,200 a year (AED 10.81 per sqft).
  • Studios in Arabian Gate sold for AED 214,678–635,000 in the 12 months to November 2026; the building's median across all types is AED 1,117 per sqft.

Source: Dubai Land Department. Updated 19 January 2023.

Questions about 1040, Arabian Gate

What did unit 1040 last sell for?

AED 325,000 on 19 January 2023: AED 679 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 349,998 in April 2022.

What is the rent for unit 1040?

AED 25,000 a year on the contract signed on 20 May 2022.

How big is unit 1040?

478 sqft (44.4 sqm): a studio on the 10th floor of a 14-storey tower completed in 2020.

What is unit 1040 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Arabian Gate sold for AED 214,678 to 635,000 in the last 12 months, around AED 1,140 per sqft.

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Mortgage on 1040, Arabian Gate

Starts from the last sale price (AED 325K, 19 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 325,000
Deposit, UAE resident (20%)
AED 65,000
Deposit, non-resident (40%)
AED 130,000
Monthly over 25 years at 3.7%
AED 1,330

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →