503, Platinum Residences 1
Sold prices and rental history: sold once, by the developer in September 2015, and rented once, from December 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Platinum Residences 1
What is 503 worth today?
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Source: Dubai Land Department. Updated 15 December 2020.
Key facts
- Type
- 1-bed apartment
- Size
- 730 sqft
- Floor
- 5th of 8
- Parking
- G-24
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 10,200 /yr
- Last sold
- AED 761K · September 2015
- Building
- Platinum Residences 1
About 503, Platinum Residences 1
503 is a one-bedroom apartment of 730 sqft on the 5th floor of Platinum Residences 1, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Gulf General Investments Co. The developer sold it on 28 September 2015 for AED 760,591, or AED 1,041 per sqft, 11% above the AED 934 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 December 2020. The current contract, signed on 15 December 2020, is AED 35,000 a year: a gross yield of 4.6% on the 2015 price, before the service charge of about AED 10,200 a year.
Sales and rents for 503 over time
503 has sold once; 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 503 sits
All 120 1-beds →503 last sold in September 2015 at AED 1,041 per sqft, 11% above what one-beds in Platinum Residences 1 were fetching at the time (AED 934). 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. 503's AED 35,000 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 5th floor
All 120 units in Platinum Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 751 sqft | AED 730KAED 729,739 · Feb 2017February 2017 | 42,000 /yr | |
| 502 | 1-bed | 751 sqft | AED 600KAED 600,000 · Aug 2026August 2026 | 34,000 /yr | |
| 504 | 1-bed | 838 sqft | AED 500KAED 500,000 · May 2019May 2019 | 65,000 /yr | |
| 505 | 1-bed | 834 sqft | AED 780KAED 780,000 · Oct 2025October 2025 | 58,000 /yr | |
| 506 | 1-bed | 730 sqft | AED 707KAED 707,222 · Dec 2016December 2016 | 62,000 /yr | |
| 507 | 1-bed | 890 sqft | AED 670KAED 670,000 · Apr 2024April 2024 | 45,000 /yr | |
| 508 | 1-bed | 943 sqft | AED 600KAED 600,000 · Aug 2023August 2023 | 58,000 /yr | |
| 509 | 1-bed | 858 sqft | AED 754KAED 753,613 · Oct 2017October 2017 | 46,200 /yr | |
| 510 | 1-bed | 876 sqft | AED 835KAED 835,000 · Jan 2026January 2026 | 48,500 /yr | |
| 511 | 1-bed | 856 sqft | AED 796KAED 796,178 · Jun 2015June 2015 | 37,000 /yr | |
| 512 | 1-bed | 862 sqft | AED 495KAED 495,000 · Apr 2022April 2022 | 57,000 /yr | |
| 513 | 1-bed | 880 sqft | AED 715KAED 715,000 · Jan 2025January 2025 | 65,000 /yr | |
| 514 | 1-bed | 862 sqft | AED 811KAED 810,792 · Oct 2015October 2015 | ||
| 515 | 1-bed | 945 sqft | AED 888KAED 888,000 · Feb 2017February 2017 |
503, Platinum Residences 1 in numbers
- Sold once: by Gulf General Investments Co on 28 September 2015 for AED 760,591, or AED 1,041 per sqft.
- Rented since December 2020 on one Ejari contract, at AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2015 price is 4.6%, before a service charge of about AED 10,200 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 15 December 2020.
Questions about 503, Platinum Residences 1
What did unit 503 last sell for?
AED 760,591 on 28 September 2015, sold by the developer: AED 1,041 per sqft for 730 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 35,000 a year on the contract signed on 15 December 2020.
How big is unit 503?
730 sqft (67.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit 503 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 503, Platinum Residences 1
Starts from the last sale price (AED 761K, 28 September 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 760,591
- Deposit, UAE resident (20%)
- AED 152,118
- Deposit, non-resident (40%)
- AED 304,236
- Monthly over 25 years at 3.7%
- AED 3,112
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →