408, Platinum Residences 1
Sold prices and rental history: sold twice, last in April 2017, 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 408, Platinum Residences 1
What is 408 worth today?
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Source: Dubai Land Department. Updated 1 March 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 943 sqft
- Floor
- 4th of 8
- Parking
- G-111
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 13,200 /yr
- Last sold
- AED 770K · April 2017
- Building
- Platinum Residences 1
About 408, Platinum Residences 1
408 is a one-bedroom apartment of 943 sqft on the 4th 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 20 April 2017 for AED 770,000, or AED 816 per sqft, 8% below the AED 883 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 March 2022, is AED 43,000 a year: a gross yield of 5.6% on the 2017 price, before the service charge of about AED 13,200 a year.
Sales and rents for 408 over time
408 has sold twice; 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 408 sits
All 120 1-beds →408 last sold in April 2017 at AED 816 per sqft, 8% below what one-beds in Platinum Residences 1 were fetching at the time (AED 883). 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. 408's AED 43,000 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 4th floor
All 120 units in Platinum Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 751 sqft | AED 490KAED 490,000 · Oct 2021October 2021 | 54,000 /yr | |
| 402 | 1-bed | 751 sqft | AED 585KAED 585,000 · Aug 2019August 2019 | 60,000 /yr | |
| 403 | 1-bed | 730 sqft | AED 758KAED 757,589 · Sep 2015September 2015 | 45,830 /yr | |
| 404 | 1-bed | 838 sqft | AED 750KAED 750,000 · Mar 2025March 2025 | 65,000 /yr | |
| 405 | 1-bed | 834 sqft | AED 781KAED 780,967 · Oct 2017October 2017 | 55,000 /yr | |
| 406 | 1-bed | 730 sqft | AED 641KAED 640,615 · Oct 2017October 2017 | 46,085 /yr | |
| 407 | 1-bed | 890 sqft | AED 675KAED 675,000 · Nov 2023November 2023 | ||
| 409 | 1-bed | 858 sqft | AED 750KAED 750,492 · Dec 2016December 2016 | 43,000 /yr | |
| 410 | 1-bed | 876 sqft | AED 781KAED 781,428 · Aug 2015August 2015 | 60,000 /yr | |
| 411 | 1-bed | 856 sqft | AED 793KAED 792,881 · Jun 2015June 2015 | 51,000 /yr | |
| 412 | 1-bed | 862 sqft | AED 680KAED 679,628 · Apr 2026April 2026 | 63,000 /yr | |
| 413 | 1-bed | 880 sqft | AED 700KAED 700,000 · Jan 2017January 2017 | ||
| 414 | 1-bed | 862 sqft | AED 807KAED 807,467 · May 2015May 2015 | 50,940 /yr | |
| 415 | 1-bed | 945 sqft | AED 920KAED 920,000 · Oct 2025October 2025 | 65,000 /yr |
408, Platinum Residences 1 in numbers
- Sold twice: first on 8 September 2015 for AED 800,927, last on 20 April 2017 for AED 770,000 (AED 816 per sqft).
- Rented since June 2017 on 6 Ejari contracts, from AED 70,000 to AED 43,000 a year.
- At AED 43,000 a year the gross yield on the 2017 price is 5.6%, 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 1 March 2022.
Questions about 408, Platinum Residences 1
What did unit 408 last sell for?
AED 770,000 on 20 April 2017: AED 816 per sqft for 943 sqft. The unit has 2 registered sales; the first was AED 800,927 in September 2015.
What is the rent for unit 408?
AED 43,000 a year on the contract renewed on 1 March 2022. The previous contract, from March 2021, was AED 41,000; the unit has been rented since June 2017.
How big is unit 408?
943 sqft (87.6 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.
What is unit 408 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 408, Platinum Residences 1
Starts from the last sale price (AED 770K, 20 April 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 770,000
- Deposit, UAE resident (20%)
- AED 154,000
- Deposit, non-resident (40%)
- AED 308,000
- Monthly over 25 years at 3.7%
- AED 3,150
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →