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Studio · 429 sqftArabian Gate, Dubai Silicon Oasis · 2nd floor · completed 2020

247, Arabian Gate

Sold prices and rental history: sold once, by the developer in October 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 247 · DLD and Ejari recordsUpdated 20 March 2025
Last soldAED 403K23 October 2016
Current rentAED 40K /yr20 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 247, Arabian Gate

What is 247 worth today?

Last sold for AED 402,949 in 2016

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20 Mar 2025RentedRenewal
AED 40,000/yr12 months · AED 92 per sqft
20 Mar 2024RentedNew contract
AED 38,000/yr12 months · AED 87 per sqft
15 Mar 2023RentedNew contract
AED 32,000/yr12 months · AED 73 per sqft
5 Mar 2022RentedNew contract
AED 26,000/yr12 months · AED 59 per sqft
1 Dec 2020RentedNew contract
AED 23,000/yr12 months · AED 52 per sqft
23 Oct 2016Sold by developerOff-plan
AED 402,949AED 939 per sqft

Source: Dubai Land Department. Updated 20 March 2025.

Key facts

Type
Studio apartment
Size
429 sqft
Floor
2nd of 14
Parking
B3-132
Developer
Time Properties
Completed
2020
Service charge
AED 4,600 /yr
Last sold
AED 403K · October 2016
Building
Arabian Gate

About 247, Arabian Gate

247 is a studio of 429 sqft on the 2nd floor of Arabian Gate, a 14-storey tower in Dubai Silicon Oasis completed in 2020 by Time Properties. The developer sold it on 23 October 2016 for AED 402,949, or AED 939 per sqft, 4% above the AED 901 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 20 March 2025, is AED 40,000 a year: a gross yield of 9.9% on the 2016 price, before the service charge of about AED 4,600 a year.

Sales and rents for 247 over time

Sales
Unit 247, 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, October 2016: AED 402,949 (AED 939 per sqft)

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

Rents
Unit 247, each contractTypical studio in Arabian Gate
20K30K40K2020202220242026Typical 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, December 2020: AED 23,000 a yearNew contract, March 2022: AED 26,000 a yearNew contract, March 2023: AED 32,000 a yearNew contract, March 2024: AED 38,000 a yearRenewal, March 2025: AED 40,000 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 247 sits

All 362 studios →

247 last sold in October 2016 at AED 939 per sqft, 4% above what studios in Arabian Gate were fetching at the time (AED 901). 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. 247's AED 40,000 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 2nd floor

All 704 units in Arabian Gate
Value
201StudioAED 250K · Nov 2020
202StudioAED 270K · Nov 2020
203StudioAED 340K · Aug 2021
204StudioAED 410K · Jan 2017
205StudioAED 376K · Nov 2019
206StudioAED 382K · Nov 2019
2072-bedAED 906K · Feb 2021
1–7 of 51

247, Arabian Gate in numbers

  • Sold once: by Time Properties on 23 October 2016 for AED 402,949, or AED 939 per sqft.
  • Rented since December 2020 on 5 Ejari contracts, from AED 23,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2016 price is 9.9%, before a service charge of about AED 4,600 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 20 March 2025.

Questions about 247, Arabian Gate

What did unit 247 last sell for?

AED 402,949 on 23 October 2016, sold by the developer: AED 939 per sqft for 429 sqft. It is the only registered sale of the unit.

What is the rent for unit 247?

AED 40,000 a year on the contract renewed on 20 March 2025. The previous contract, from March 2024, was AED 38,000; the unit has been rented since December 2020.

How big is unit 247?

429 sqft (39.9 sqm): a studio on the 2nd floor of a 14-storey tower completed in 2020.

What is unit 247 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 247, Arabian Gate

Starts from the last sale price (AED 403K, 23 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 402,949
Deposit, UAE resident (20%)
AED 80,590
Deposit, non-resident (40%)
AED 161,180
Monthly over 25 years at 3.7%
AED 1,649

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