702, Platinum Residences 1
Sold prices and rental history: sold twice, last in March 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Platinum Residences 1
What is 702 worth today?
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Source: Dubai Land Department. Updated 29 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 751 sqft
- Floor
- 7th of 8
- Parking
- G-30
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 10,500 /yr
- Last sold
- AED 600K · March 2024
- Building
- Platinum Residences 1
About 702, Platinum Residences 1
702 is a one-bedroom apartment of 751 sqft on the 7th 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 29 March 2024 for AED 600,000, or AED 798 per sqft, 19% above the AED 671 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 January 2023, is AED 31,000 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 10,500 a year.
Sales and rents for 702 over time
702 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 702 sits
All 120 1-beds →702 last sold in March 2024 at AED 798 per sqft, 19% above what one-beds in Platinum Residences 1 were fetching at the time (AED 671). 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. 702's AED 31,000 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 7th floor
All 120 units in Platinum Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 751 sqft | AED 680KAED 680,240 · Jan 2017January 2017 | 64,000 /yr | |
| 703 | 1-bed | 730 sqft | AED 538KAED 538,000 · Feb 2022February 2022 | 75,000 /yr | |
| 704 | 1-bed | 838 sqft | AED 700KAED 700,000 · Nov 2017November 2017 | 65,000 /yr | |
| 705 | 1-bed | 834 sqft | AED 520KAED 520,000 · Nov 2019November 2019 | 45,000 /yr | |
| 706 | 1-bed | 730 sqft | AED 665KAED 664,805 · Dec 2016December 2016 | 60,000 /yr | |
| 707 | 1-bed | 969 sqft | AED 590KAED 590,000 · Aug 2023August 2023 | ||
| 708 | 1-bed | 1,017 sqft | AED 770KAED 770,000 · Jun 2024June 2024 | 48,000 /yr | |
| 709 | 1-bed | 858 sqft | AED 260KAED 260,000 · Nov 2019November 2019 | ||
| 710 | 1-bed | 876 sqft | AED 435KAED 435,000 · Sep 2020September 2020 | ||
| 711 | 1-bed | 856 sqft | AED 768KAED 768,108 · Nov 2016November 2016 | 30,000 /yr | |
| 712 | 1-bed | 862 sqft | AED 735KAED 735,000 · Apr 2025April 2025 | 65,000 /yr | |
| 713 | 1-bed | 880 sqft | AED 769KAED 768,811 · Feb 2017February 2017 | 60,000 /yr | |
| 714 | 1-bed | 862 sqft | AED 753KAED 753,207 · Jan 2017January 2017 | 60,000 /yr | |
| 715 | 1-bed | 1,061 sqft | AED 904KAED 903,675 · Sep 2017September 2017 | 55,000 /yr |
702, Platinum Residences 1 in numbers
- Sold twice: first on 4 November 2020 for AED 410,000, last on 29 March 2024 for AED 600,000 (AED 798 per sqft).
- Rented since January 2021 on 3 Ejari contracts, from AED 36,000 to AED 31,000 a year.
- At AED 31,000 a year the gross yield on the 2024 price is 5.2%, before a service charge of about AED 10,500 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 29 March 2024.
Questions about 702, Platinum Residences 1
What did unit 702 last sell for?
AED 600,000 on 29 March 2024: AED 798 per sqft for 751 sqft. The unit has 2 registered sales; the first was AED 410,000 in November 2020.
What is the rent for unit 702?
AED 31,000 a year on the contract renewed on 1 January 2023. The previous contract, from January 2022, was AED 28,500; the unit has been rented since January 2021.
How big is unit 702?
751 sqft (69.8 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.
What is unit 702 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 702, Platinum Residences 1
Starts from the last sale price (AED 600K, 29 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →