506, Platinum Residences 1
Sold prices and rental history: sold once, by the developer in December 2016, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Platinum Residences 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 15 January 2019.
Key facts
- Type
- 1-bed apartment
- Size
- 730 sqft
- Floor
- 5th of 8
- Parking
- G-9
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 10,200 /yr
- Last sold
- AED 707K · December 2016
- Building
- Platinum Residences 1
About 506, Platinum Residences 1
506 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 8 December 2016 for AED 707,222, or AED 968 per sqft, 8% above the AED 895 one-beds in the building were fetching at the time.
It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 15 January 2019, is AED 62,000 a year: a gross yield of 8.8% on the 2016 price, before the service charge of about AED 10,200 a year.
Sales and rents for 506 over time
506 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 506 sits
All 120 1-beds →506 last sold in December 2016 at AED 968 per sqft, 8% above what one-beds in Platinum Residences 1 were fetching at the time (AED 895). 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. 506's AED 62,000 is in the upper 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 | |
| 503 | 1-bed | 730 sqft | AED 761KAED 760,591 · Sep 2015September 2015 | 35,000 /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 | |
| 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 |
506, Platinum Residences 1 in numbers
- Sold once: by Gulf General Investments Co on 8 December 2016 for AED 707,222, or AED 968 per sqft.
- Rented since January 2017 on 3 Ejari contracts, from AED 65,000 to AED 62,000 a year.
- At AED 62,000 a year the gross yield on the 2016 price is 8.8%, 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 January 2019.
Questions about 506, Platinum Residences 1
What did unit 506 last sell for?
AED 707,222 on 8 December 2016, sold by the developer: AED 968 per sqft for 730 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 62,000 a year on the contract renewed on 15 January 2019. The previous contract, from January 2018, was AED 62,000; the unit has been rented since January 2017.
How big is unit 506?
730 sqft (67.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit 506 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 506, Platinum Residences 1
Starts from the last sale price (AED 707K, 8 December 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 707,222
- Deposit, UAE resident (20%)
- AED 141,444
- Deposit, non-resident (40%)
- AED 282,889
- Monthly over 25 years at 3.7%
- AED 2,893
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →