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3-bed · 1,587 sqftArabian Gate, Dubai Silicon Oasis · 12th floor · completed 2020

1248, Arabian Gate

Sold prices and rental history: sold once, by the developer in March 2022, and rented once, from May 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1248 · DLD and Ejari recordsUpdated 11 March 2022
Last soldAED 1.01M11 March 2022
Current rentAED 75K /yr24 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1248, Arabian Gate

What is 1248 worth today?

Last sold for AED 1,007,094 in 2022

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11 Mar 2022Sold by developerReady
AED 1,007,094AED 634 per sqft
24 May 2021RentedNew contract
AED 75,000/yr12 months · AED 47 per sqft

Source: Dubai Land Department. Updated 11 March 2022.

Key facts

Type
3-bed apartment
Size
1,587 sqft
Floor
12th of 14
Parking
B2-96 , B2-255
Developer
Time Properties
Completed
2020
Service charge
AED 17,200 /yr
Last sold
AED 1.01M · March 2022
Building
Arabian Gate

About 1248, Arabian Gate

1248 is a three-bedroom apartment of 1,587 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 11 March 2022 for AED 1,007,094, or AED 634 per sqft, 6% below the AED 671 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 May 2021. The current contract, signed on 24 May 2021, is AED 75,000 a year: a gross yield of 7.4% on the 2022 price, before the service charge of about AED 17,200 a year.

Sales and rents for 1248 over time

Sales
Unit 1248, each saleTypical three-bed in Arabian Gate
1M1.25M1.5M20192020202120222023Typical sale price by year: 2019 AED 1,162,662; 2020 AED 1,108,124; 2021 AED 1,080,000; 2022 AED 1,464,360Sold by developer, March 2022: AED 1,007,094 (AED 634 per sqft)

1248 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1248, each contractTypical three-bed in Arabian Gate
80K100K120K2020202220242026Typical rent by year: 2020 AED 80,000; 2021 AED 80,000; 2022 AED 85,000; 2023 AED 105,000; 2024 AED 108,000; 2025 AED 115,000; 2026 AED 119,000New contract, May 2021: 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 Arabian Gate, and where 1248 sits

All 26 3-beds →

1248 last sold in March 2022 at AED 634 per sqft, 6% below what three-beds in Arabian Gate were fetching at the time (AED 671). Over the last 12 months three-beds sold for AED 1,950,000, around AED 922 per sqft, and rent for AED 96,000 to 222,585 a year. 1248's AED 75,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
13 Mar 20261,950,000
26 Dec 20242,000,000
20 Jan 20231,250,000
14 Dec 20221,513,034
1 3-bed sale 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

1248, Arabian Gate in numbers

  • Sold once: by Time Properties on 11 March 2022 for AED 1,007,094, or AED 634 per sqft.
  • Rented since May 2021 on one Ejari contract, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 7.4%, before a service charge of about AED 17,200 a year (AED 10.81 per sqft).
  • Three-beds in Arabian Gate sold for AED 1,950,000–1,950,000 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 11 March 2022.

Questions about 1248, Arabian Gate

What did unit 1248 last sell for?

AED 1,007,094 on 11 March 2022, sold by the developer: AED 634 per sqft for 1,587 sqft. It is the only registered sale of the unit.

What is the rent for unit 1248?

AED 75,000 a year on the contract signed on 24 May 2021.

How big is unit 1248?

1,587 sqft (147.4 sqm): a three-bedroom apartment on the 12th floor of a 14-storey tower completed in 2020.

What is unit 1248 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Arabian Gate sold for AED 1,950,000 to 1,950,000 in the last 12 months, around AED 922 per sqft.

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Mortgage on 1248, Arabian Gate

Starts from the last sale price (AED 1.01M, 11 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,007,094
Deposit, UAE resident (20%)
AED 201,419
Deposit, non-resident (40%)
AED 402,838
Monthly over 25 years at 3.7%
AED 4,120

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