111, Platinum Residences 1
Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 111, Platinum Residences 1
What is 111 worth today?
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Source: Dubai Land Department. Updated 9 October 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 856 sqft
- Floor
- 1st of 8
- Parking
- G-47
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 11,900 /yr
- Last sold
- AED 620K · October 2023
- Building
- Platinum Residences 1
About 111, Platinum Residences 1
111 is a one-bedroom apartment of 856 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 9 October 2023 for AED 620,000, or AED 724 per sqft, 14% above the AED 636 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 20 October 2022, is AED 49,000 a year: a gross yield of 7.9% on the 2023 price, before the service charge of about AED 11,900 a year.
Sales and rents for 111 over time
111 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 111 sits
All 120 1-beds →111 last sold in October 2023 at AED 724 per sqft, 14% above what one-beds in Platinum Residences 1 were fetching at the time (AED 636). 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. 111's AED 49,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 730 sqft | 700,000 | 958 | ||
| 23 Sep 202623 September 2026 | 945 sqft | 850,000 | 899 | ||
| 19 Aug 202619 August 2026 | 751 sqft | 600,000 | 798 | ||
| 18 Aug 202618 August 2026 | 730 sqft | 700,000 | 958 |
Platinum Residences 1
Building120 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%
Other units on the 1st floor
All 120 units in Platinum Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 751 sqft | AED 655KAED 655,407 · Feb 2018February 2018 | 60,000 /yr | |
| 102 | 1-bed | 751 sqft | AED 450KAED 450,000 · Apr 2019April 2019 | 35,000 /yr | |
| 103 | 1-bed | 730 sqft | AED 636KAED 636,296 · Sep 2016September 2016 | 39,000 /yr | |
| 104 | 1-bed | 838 sqft | AED 560KAED 560,000 · Feb 2024February 2024 | 50,000 /yr | |
| 105 | 1-bed | 834 sqft | AED 700KAED 700,000 · Nov 2024November 2024 | 62,000 /yr | |
| 106 | 1-bed | 734 sqft | AED 250KAED 250,000 · Jul 2019July 2019 | 60,000 /yr | |
| 107 | 1-bed | 902 sqft | AED 806KAED 806,159 · Apr 2017April 2017 | 55,800 /yr | |
| 108 | 1-bed | 943 sqft | AED 590KAED 590,000 · Feb 2023February 2023 | 40,000 /yr | |
| 109 | 1-bed | 858 sqft | AED 600KAED 600,000 · May 2024May 2024 | 65,000 /yr | |
| 110 | 1-bed | 876 sqft | AED 755KAED 754,532 · Dec 2016December 2016 | 62,000 /yr | |
| 112 | 1-bed | 862 sqft | AED 769KAED 769,243 · Jan 2018January 2018 | 38,000 /yr | |
| 113 | 1-bed | 880 sqft | AED 755KAED 755,000 · Oct 2025October 2025 | 65,000 /yr | |
| 114 | 1-bed | 862 sqft | AED 711KAED 710,826 · Mar 2017March 2017 | 62,000 /yr | |
| 115 | 1-bed | 945 sqft | AED 850KAED 850,000 · Sep 2026September 2026 |
111, Platinum Residences 1 in numbers
- Sold 3 times: first on 7 September 2015 for AED 721,411, last on 9 October 2023 for AED 620,000 (AED 724 per sqft).
- Rented since March 2017 on 4 Ejari contracts. The rent fell from AED 60,000 to AED 39,261 in 2021 and recovered to AED 49,000 by October 2022.
- At AED 49,000 a year the gross yield on the 2023 price is 7.9%, before a service charge of about AED 11,900 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 9 October 2023.
Questions about 111, Platinum Residences 1
What did unit 111 last sell for?
AED 620,000 on 9 October 2023: AED 724 per sqft for 856 sqft. The unit has 3 registered sales; the first was AED 721,411 in September 2015.
What is the rent for unit 111?
AED 49,000 a year on the contract signed on 20 October 2022. The previous contract, from October 2021, was AED 39,261; the unit has been rented since March 2017.
How big is unit 111?
856 sqft (79.5 sqm): a one-bedroom apartment on the 1st floor of a 8-storey tower completed in 2015.
What is unit 111 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 111, Platinum Residences 1
Starts from the last sale price (AED 620K, 9 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 620,000
- Deposit, UAE resident (20%)
- AED 124,000
- Deposit, non-resident (40%)
- AED 248,000
- Monthly over 25 years at 3.7%
- AED 2,537
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →