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2-bed · 1,087 sqftArabian Gate, Dubai Silicon Oasis · 6th floor · completed 2020

648, Arabian Gate

Sold prices and rental history: sold 3 times, last in January 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 648 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 850K24 January 2023
Current rentAED 74K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 648, Arabian Gate

What is 648 worth today?

Last sold for AED 850,000 in 2023

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1 Mar 2024RentedRenewal
AED 74,000/yr12 months · AED 68 per sqft
1 Mar 2023RentedNew contract
AED 74,000/yr12 months · AED 68 per sqft
24 Jan 2023SoldReady
AED 850,000AED 782 per sqft
5 Dec 2022SoldReady
AED 750,000AED 690 per sqft
20 Dec 2021RentedRenewal
AED 56,000/yr12 months · AED 52 per sqft
20 Dec 2020RentedNew contract
AED 50,000/yr12 months · AED 46 per sqft
30 Jan 2020Sold by developerOff-plan
AED 710,057AED 653 per sqft

Source: Dubai Land Department. Updated 1 March 2024.

Key facts

Type
2-bed apartment
Size
1,087 sqft
Floor
6th of 14
Parking
B2-135
Developer
Time Properties
Completed
2020
Service charge
AED 11,700 /yr
Last sold
AED 850K · January 2023
Building
Arabian Gate

About 648, Arabian Gate

648 is a two-bedroom apartment of 1,087 sqft on the 6th floor of Arabian Gate, a 14-storey tower in Dubai Silicon Oasis completed in 2020 by Time Properties. It last sold on 24 January 2023 for AED 850,000, or AED 782 per sqft, 23% above the AED 637 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 March 2024, is AED 74,000 a year: a gross yield of 8.7% on the 2023 price, before the service charge of about AED 11,700 a year.

Sales and rents for 648 over time

Sales
Unit 648, each saleTypical two-bed in Arabian Gate
1M2016201920222025Typical sale price by year: 2016 AED 1,041,673; 2019 AED 935,468; 2020 AED 751,949; 2021 AED 880,000; 2022 AED 840,000; 2023 AED 850,000; 2024 AED 1,225,000; 2025 AED 1,312,500; 2026 AED 1,365,000Sold by developer, January 2020: AED 710,057 (AED 653 per sqft)Sold, December 2022: AED 750,000 (AED 690 per sqft)Sold, January 2023: AED 850,000 (AED 782 per sqft)

648 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 648, each contractTypical two-bed in Arabian Gate
60K80K2020202220242026Typical rent by year: 2020 AED 53,000; 2021 AED 55,000; 2022 AED 61,600; 2023 AED 74,000; 2024 AED 79,000; 2025 AED 87,000; 2026 AED 90,000New contract, December 2020: AED 50,000 a yearRenewal, December 2021: AED 56,000 a yearNew contract, March 2023: AED 74,000 a yearRenewal, March 2024: AED 74,000 a year

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

2-beds in Arabian Gate, and where 648 sits

All 116 2-beds →

648 last sold in January 2023 at AED 782 per sqft, 23% above what two-beds in Arabian Gate were fetching at the time (AED 637). Over the last 12 months two-beds sold for AED 1,300,000 to 1,600,000, around AED 1,036 per sqft, and rent for AED 50,000 to 110,000 a year. 648's AED 74,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20261,600,000
25 Sep 20261,300,000
23 Sep 20261,370,000
18 Mar 20261,400,000
9 2-bed 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 6th floor

All 704 units in Arabian Gate
Value
601StudioAED 355K · Mar 2016
602StudioAED 355K · Jul 2021
603StudioAED 346K · Nov 2020
604StudioAED 391K · Jan 2018
605StudioAED 403K · Apr 2016
606StudioAED 387K · Sep 2016
6072-bedAED 1.48M · Feb 2026
1–7 of 49

648, Arabian Gate in numbers

  • Sold 3 times: first on 30 January 2020 for AED 710,057, last on 24 January 2023 for AED 850,000 (AED 782 per sqft).
  • Rented since December 2020 on 4 Ejari contracts, from AED 50,000 to AED 74,000 a year.
  • At AED 74,000 a year the gross yield on the 2023 price is 8.7%, before a service charge of about AED 11,700 a year (AED 10.81 per sqft).
  • Two-beds in Arabian Gate sold for AED 1,300,000–1,600,000 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 1 March 2024.

Questions about 648, Arabian Gate

What did unit 648 last sell for?

AED 850,000 on 24 January 2023: AED 782 per sqft for 1,087 sqft. The unit has 3 registered sales; the first was AED 710,057 in January 2020.

What is the rent for unit 648?

AED 74,000 a year on the contract renewed on 1 March 2024. The previous contract, from March 2023, was AED 74,000; the unit has been rented since December 2020.

How big is unit 648?

1,087 sqft (101.0 sqm): a two-bedroom apartment on the 6th floor of a 14-storey tower completed in 2020.

What is unit 648 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Arabian Gate sold for AED 1,300,000 to 1,600,000 in the last 12 months, around AED 1,036 per sqft.

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Mortgage on 648, Arabian Gate

Starts from the last sale price (AED 850K, 24 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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