1-bed · 730 sqftPlatinum Residences 1, Dubai Silicon Oasis · 6th floor · completed 2015

606, Platinum Residences 1

Sold prices and rental history: sold twice, last in April 2017, and rented once, from May 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 606 · DLD and Ejari recordsUpdated 10 May 2017
Last soldAED 710K6 April 2017
Current rentAED 64K /yr10 May 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 606, Platinum Residences 1

What is 606 worth today?

Last sold for AED 710,000 in 2017

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10 May 2017RentedNew contract
AED 64,000/yr12 months · AED 87 per sqft
6 Apr 2017SoldReady
AED 710,000AED 972 per sqft
24 Jun 2015Sold by developerOff-plan
AED 768,680AED 1,052 per sqft

Source: Dubai Land Department. Updated 10 May 2017.

Key facts

Type
1-bed apartment
Size
730 sqft
Floor
6th of 8
Parking
G-10
Developer
Gulf General Investments Co
Completed
2015
Service charge
AED 10,200 /yr
Last sold
AED 710K · April 2017

About 606, Platinum Residences 1

606 is a one-bedroom apartment of 730 sqft on the 6th 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 April 2017 for AED 710,000, or AED 972 per sqft, 9% above the AED 889 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 May 2017. The current contract, signed on 10 May 2017, is AED 64,000 a year: a gross yield of 9.0% on the 2017 price, before the service charge of about AED 10,200 a year.

Sales and rents for 606 over time

Sales
Unit 606, 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, June 2015: AED 768,680 (AED 1,052 per sqft)Sold, April 2017: AED 710,000 (AED 972 per sqft)

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

Rents
Unit 606, 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, May 2017: AED 64,000 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 606 sits

All 120 1-beds →

606 last sold in April 2017 at AED 972 per sqft, 9% above what one-beds in Platinum Residences 1 were fetching at the time (AED 889). 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. 606's AED 64,000 is in the upper 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 6th floor

All 120 units in Platinum Residences 1
Value
6011-bedAED 740K · Jan 2017
6021-bedAED 700K · Oct 2017
6031-bedAED 710K · Jun 2025
6041-bedAED 805K · Feb 2017
6051-bedAED 530K · Nov 2022
6071-bedAED 640K · Mar 2024
6081-bedAED 836K · Jul 2016
1–7 of 14

606, Platinum Residences 1 in numbers

  • Sold twice: first on 24 June 2015 for AED 768,680, last on 6 April 2017 for AED 710,000 (AED 972 per sqft).
  • Rented since May 2017 on one Ejari contract, at AED 64,000 a year.
  • At AED 64,000 a year the gross yield on the 2017 price is 9.0%, 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 10 May 2017.

Questions about 606, Platinum Residences 1

What did unit 606 last sell for?

AED 710,000 on 6 April 2017: AED 972 per sqft for 730 sqft. The unit has 2 registered sales; the first was AED 768,680 in June 2015.

What is the rent for unit 606?

AED 64,000 a year on the contract signed on 10 May 2017.

How big is unit 606?

730 sqft (67.8 sqm): a one-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 606 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 606, Platinum Residences 1

Starts from the last sale price (AED 710K, 6 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 710,000
Deposit, UAE resident (20%)
AED 142,000
Deposit, non-resident (40%)
AED 284,000
Monthly over 25 years at 3.7%
AED 2,905

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