1-bed · 943 sqftPlatinum Residences 1, Dubai Silicon Oasis · 1st floor · completed 2015

108, Platinum Residences 1

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 108 · DLD and Ejari recordsUpdated 6 February 2023
Last soldAED 590K6 February 2023
Current rentAED 40K /yr20 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 108, Platinum Residences 1

What is 108 worth today?

Last sold for AED 590,000 in 2023

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6 Feb 2023SoldReady
AED 590,000AED 625 per sqft
20 Jan 2022RentedNew contract
AED 40,000/yr12 months · AED 42 per sqft
15 Oct 2021RentedNew contract
AED 38,000/yr12 months · AED 40 per sqft
20 Mar 2021RentedNew contract
AED 36,000/yr12 months · AED 38 per sqft
10 Aug 2019RentedNew contract
AED 48,000/yr12 months · AED 51 per sqft
26 Feb 2018RentedNew contract
AED 60,000/yr12 months · AED 63 per sqft
28 Feb 2017Sold by developerReady
AED 828,296AED 878 per sqft

Source: Dubai Land Department. Updated 6 February 2023.

Key facts

Type
1-bed apartment
Size
943 sqft
Floor
1st of 8
Parking
G-103
Developer
Gulf General Investments Co
Completed
2015
Service charge
AED 13,200 /yr
Last sold
AED 590K · February 2023

About 108, Platinum Residences 1

108 is a one-bedroom apartment of 943 sqft on the 1st floor of Platinum Residences 1, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Gulf General Investments Co. It last sold on 6 February 2023 for AED 590,000, or AED 625 per sqft, in line with the AED 630 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 20 January 2022, is AED 40,000 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 13,200 a year.

Sales and rents for 108 over time

Sales
Unit 108, each saleTypical one-bed in Platinum Residences 1
400K600K800K20152018202120242027Typical sale price by year: 2015 AED 769,831; 2016 AED 756,121; 2017 AED 750,630; 2018 AED 665,000; 2019 AED 507,500; 2020 AED 442,500; 2022 AED 510,000; 2023 AED 590,000; 2024 AED 680,000; 2025 AED 730,000; 2026 AED 730,000Sold by developer, February 2017: AED 828,296 (AED 878 per sqft)Sold, February 2023: AED 590,000 (AED 625 per sqft)

108 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 108, each contractTypical one-bed in Platinum Residences 1
40K60K2017202020232026Typical rent by year: 2017 AED 63,000; 2018 AED 58,000; 2019 AED 48,500; 2020 AED 40,000; 2021 AED 36,000; 2022 AED 40,000; 2023 AED 45,000; 2024 AED 50,000; 2025 AED 60,000; 2026 AED 60,000New contract, February 2018: AED 60,000 a yearNew contract, August 2019: AED 48,000 a yearNew contract, March 2021: AED 36,000 a yearNew contract, October 2021: AED 38,000 a yearNew contract, January 2022: AED 40,000 a year

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

1-beds in Platinum Residences 1, and where 108 sits

All 120 1-beds →

108 last sold in February 2023 at AED 625 per sqft, in line with what one-beds in Platinum Residences 1 were fetching at the time (AED 630). Over the last 12 months one-beds sold for AED 600,000 to 850,000, around AED 956 per sqft, and rent for AED 30,000 to 75,000 a year. 108's AED 40,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Oct 2026700,000
23 Sep 2026850,000
19 Aug 2026600,000
18 Aug 2026700,000
10 1-bed sales in the last 12 months

Platinum Residences 1

Building

120 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2015 by Gulf General Investments Co. 10 sold in the last 12 months.

Typical price per sqft
AED 956 Up 11.8%
Typical sale
AED 715K
Typical rent
AED 60K /yr
Typical yield
7.4%
Platinum Residences 1, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 1st floor

All 120 units in Platinum Residences 1
Value
1011-bedAED 655K · Feb 2018
1021-bedAED 450K · Apr 2019
1031-bedAED 636K · Sep 2016
1041-bedAED 560K · Feb 2024
1051-bedAED 700K · Nov 2024
1061-bedAED 250K · Jul 2019
1071-bedAED 806K · Apr 2017
1–7 of 14

108, Platinum Residences 1 in numbers

  • Sold twice: first on 28 February 2017 for AED 828,296, last on 6 February 2023 for AED 590,000 (AED 625 per sqft).
  • Rented since February 2018 on 5 Ejari contracts. The rent fell from AED 60,000 to AED 36,000 in 2021 and recovered to AED 40,000 by January 2022.
  • At AED 40,000 a year the gross yield on the 2023 price is 6.8%, before a service charge of about AED 13,200 a year (AED 13.95 per sqft).
  • One-beds in Platinum Residences 1 sold for AED 600,000–850,000 in the 12 months to November 2026; the building's median across all types is AED 956 per sqft.

Source: Dubai Land Department. Updated 6 February 2023.

Questions about 108, Platinum Residences 1

What did unit 108 last sell for?

AED 590,000 on 6 February 2023: AED 625 per sqft for 943 sqft. The unit has 2 registered sales; the first was AED 828,296 in February 2017.

What is the rent for unit 108?

AED 40,000 a year on the contract signed on 20 January 2022. The previous contract, from October 2021, was AED 38,000; the unit has been rented since February 2018.

How big is unit 108?

943 sqft (87.6 sqm): a one-bedroom apartment on the 1st floor of a 8-storey tower completed in 2015.

What is unit 108 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Platinum Residences 1 sold for AED 600,000 to 850,000 in the last 12 months, around AED 956 per sqft.

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Mortgage on 108, Platinum Residences 1

Starts from the last sale price (AED 590K, 6 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 590,000
Deposit, UAE resident (20%)
AED 118,000
Deposit, non-resident (40%)
AED 236,000
Monthly over 25 years at 3.7%
AED 2,414

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