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3-bed · 1,608 sqftArabian Gate, Dubai Silicon Oasis · 3rd floor · completed 2020

324, Arabian Gate

Sold prices and rental history: sold once, by the developer in March 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 324 · DLD and Ejari recordsUpdated 5 December 2022
Last soldAED 1.01M3 March 2022
Current rentAED 70K /yr5 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 324, Arabian Gate

What is 324 worth today?

Last sold for AED 1,010,533 in 2022

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5 Dec 2022RentedRenewal
AED 70,001/yr7 months · AED 44 per sqft
5 Mar 2022RentedNew contract
AED 70,000/yr9 months · AED 44 per sqft
3 Mar 2022Sold by developerReady
AED 1,010,533AED 628 per sqft
5 Dec 2020RentedNew contract
AED 70,000/yr12 months · AED 44 per sqft

Source: Dubai Land Department. Updated 5 December 2022.

Key facts

Type
3-bed apartment
Size
1,608 sqft
Floor
3rd of 14
Parking
B2-120 , B2-121
Developer
Time Properties
Completed
2020
Service charge
AED 17,400 /yr
Last sold
AED 1.01M · March 2022
Building
Arabian Gate

About 324, Arabian Gate

324 is a three-bedroom apartment of 1,608 sqft on the 3rd floor of Arabian Gate, a 14-storey tower in Dubai Silicon Oasis completed in 2020 by Time Properties. The developer sold it on 3 March 2022 for AED 1,010,533, or AED 628 per sqft, 6% below the AED 671 three-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 5 December 2022, is AED 70,001 a year: a gross yield of 6.9% on the 2022 price, before the service charge of about AED 17,400 a year.

Sales and rents for 324 over time

Sales
Unit 324, 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 1,010,533 (AED 628 per sqft)

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

Rents
Unit 324, each contractTypical three-bed in Arabian Gate
75K100K125K2020202220242026Typical 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, December 2020: AED 70,000 a yearNew contract, March 2022: AED 70,000 a yearRenewal, December 2022: AED 70,001 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 324 sits

All 26 3-beds →

324 last sold in March 2022 at AED 628 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. 324's AED 70,001 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 3rd floor

All 704 units in Arabian Gate
Value
301StudioAED 390K · Mar 2024
302StudioAED 415K · Nov 2016
303StudioAED 407K · Jul 2018
304StudioAED 415K · Mar 2024
305StudioAED 411K · Apr 2022
306StudioAED 520K · Sep 2026
3072-bedAED 811K · Sep 2022
1–7 of 51

324, Arabian Gate in numbers

  • Sold once: by Time Properties on 3 March 2022 for AED 1,010,533, or AED 628 per sqft.
  • Rented since December 2020 on 3 Ejari contracts, from AED 70,000 to AED 70,001 a year.
  • At AED 70,001 a year the gross yield on the 2022 price is 6.9%, before a service charge of about AED 17,400 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 5 December 2022.

Questions about 324, Arabian Gate

What did unit 324 last sell for?

AED 1,010,533 on 3 March 2022, sold by the developer: AED 628 per sqft for 1,608 sqft. It is the only registered sale of the unit.

What is the rent for unit 324?

AED 70,001 a year on the contract renewed on 5 December 2022. The previous contract, from March 2022, was AED 70,000; the unit has been rented since December 2020.

How big is unit 324?

1,608 sqft (149.4 sqm): a three-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2020.

What is unit 324 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 324, Arabian Gate

Starts from the last sale price (AED 1.01M, 3 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,533
Deposit, UAE resident (20%)
AED 202,107
Deposit, non-resident (40%)
AED 404,213
Monthly over 25 years at 3.7%
AED 4,134

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