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Studio · 478 sqftArabian Gate, Dubai Silicon Oasis · 12th floor · completed 2020

1240, Arabian Gate

Sold prices and rental history: sold once, by the developer in February 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1240 · DLD and Ejari recordsUpdated 22 March 2025
Last soldAED 414K27 February 2020
Current rentAED 30K /yr22 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1240, Arabian Gate

What is 1240 worth today?

Last sold for AED 414,349 in 2020

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22 Mar 2025RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
22 Mar 2025RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
27 Feb 2025RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
27 Feb 2025RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
1 Feb 2021RentedNew contract
AED 25,000/yr12 months · AED 53 per sqft
27 Feb 2020Sold by developerOff-plan
AED 414,349AED 866 per sqft

Source: Dubai Land Department. Updated 22 March 2025.

Key facts

Type
Studio apartment
Size
478 sqft
Floor
12th of 14
Parking
B2-79
Developer
Time Properties
Completed
2020
Service charge
AED 5,200 /yr
Last sold
AED 414K · February 2020
Building
Arabian Gate

About 1240, Arabian Gate

1240 is a studio of 478 sqft on the 12th floor of Arabian Gate, a 14-storey tower in Dubai Silicon Oasis completed in 2020 by Time Properties. The developer sold it on 27 February 2020 for AED 414,349, or AED 866 per sqft, in line with the AED 856 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 22 March 2025, is AED 30,000 a year: a gross yield of 7.2% on the 2020 price, before the service charge of about AED 5,200 a year.

Sales and rents for 1240 over time

Sales
Unit 1240, each saleTypical studio in Arabian Gate
400K500K2016201920222025Typical 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, February 2020: AED 414,349 (AED 866 per sqft)

1240 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1240, 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, February 2021: AED 25,000 a yearNew contract, February 2025: AED 30,000 a yearNew contract, February 2025: AED 30,000 a yearNew contract, March 2025: AED 30,000 a yearNew contract, March 2025: AED 30,000 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 1240 sits

All 362 studios →

1240 last sold in February 2020 at AED 866 per sqft, in line with what studios in Arabian Gate were fetching at the time (AED 856). 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. 1240's AED 30,000 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 12th floor

All 704 units in Arabian Gate
Value
1201StudioAED 340K · Jan 2023
1202StudioAED 420K · Apr 2018
1203StudioAED 423K · Apr 2018
1204StudioAED 530K · Apr 2026
1205StudioAED 376K · Nov 2019
1206StudioAED 460K · Dec 2024
12072-bedAED 835K · Aug 2021
1–7 of 48

1240, Arabian Gate in numbers

  • Sold once: by Time Properties on 27 February 2020 for AED 414,349, or AED 866 per sqft.
  • Rented since February 2021 on 5 Ejari contracts, from AED 25,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2020 price is 7.2%, 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 22 March 2025.

Questions about 1240, Arabian Gate

What did unit 1240 last sell for?

AED 414,349 on 27 February 2020, sold by the developer: AED 866 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 1240?

AED 30,000 a year on the contract signed on 22 March 2025. The previous contract, from March 2025, was AED 30,000; the unit has been rented since February 2021.

How big is unit 1240?

478 sqft (44.4 sqm): a studio on the 12th floor of a 14-storey tower completed in 2020.

What is unit 1240 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 1240, Arabian Gate

Starts from the last sale price (AED 414K, 27 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 414,349
Deposit, UAE resident (20%)
AED 82,870
Deposit, non-resident (40%)
AED 165,740
Monthly over 25 years at 3.7%
AED 1,695

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