706, 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 706, Platinum Residences 1
What is 706 worth today?
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Source: Dubai Land Department. Updated 18 February 2018.
Key facts
- Type
- 1-bed apartment
- Size
- 730 sqft
- Floor
- 7th of 8
- Parking
- G-14
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 10,200 /yr
- Last sold
- AED 665K · December 2016
- Building
- Platinum Residences 1
About 706, Platinum Residences 1
706 is a one-bedroom apartment of 730 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. The developer sold it on 8 December 2016 for AED 664,805, or AED 910 per sqft, in line with the AED 895 one-beds in the building were fetching at the time.
It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 18 February 2018, is AED 60,000 a year: a gross yield of 9.0% on the 2016 price, before the service charge of about AED 10,200 a year.
Sales and rents for 706 over time
706 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 706 sits
All 120 1-beds →706 last sold in December 2016 at AED 910 per sqft, in line with 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. 706's AED 60,000 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 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 | |
| 702 | 1-bed | 751 sqft | AED 600KAED 600,000 · Mar 2024March 2024 | 31,000 /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 | |
| 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 |
706, Platinum Residences 1 in numbers
- Sold once: by Gulf General Investments Co on 8 December 2016 for AED 664,805, or AED 910 per sqft.
- Rented since January 2017 on 2 Ejari contracts, from AED 65,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2016 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 18 February 2018.
Questions about 706, Platinum Residences 1
What did unit 706 last sell for?
AED 664,805 on 8 December 2016, sold by the developer: AED 910 per sqft for 730 sqft. It is the only registered sale of the unit.
What is the rent for unit 706?
AED 60,000 a year on the contract signed on 18 February 2018. The previous contract, from January 2017, was AED 65,000.
How big is unit 706?
730 sqft (67.8 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.
What is unit 706 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 706, Platinum Residences 1
Starts from the last sale price (AED 665K, 8 December 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 664,805
- Deposit, UAE resident (20%)
- AED 132,961
- Deposit, non-resident (40%)
- AED 265,922
- Monthly over 25 years at 3.7%
- AED 2,720
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →