2-bed · 1,201 sqftPlatinum Residences 2, Dubai Silicon Oasis · 1st floor · completed 2015

PLT2-106, Platinum Residences 2

Sold prices and rental history: sold twice, last in January 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit PLT2-106 · DLD and Ejari recordsUpdated 17 January 2024
Last soldAED 850K17 January 2024
Current rentAED 49K /yr14 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for PLT2-106, Platinum Residences 2

What is PLT2-106 worth today?

Last sold for AED 850,000 in 2024

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17 Jan 2024SoldReady
AED 850,000AED 707 per sqft
14 Dec 2020RentedNew contract
AED 48,539/yr12 months · AED 40 per sqft
15 Jan 2020RentedNew contract
AED 63,000/yr12 months · AED 52 per sqft
15 Jan 2018RentedNew contract
AED 78,000/yr12 months · AED 65 per sqft
17 Jun 2015Sold by developerOff-plan
AED 1,054,967AED 878 per sqft

Source: Dubai Land Department. Updated 17 January 2024.

Key facts

Type
2-bed apartment
Size
1,201 sqft
Floor
1st of 8
Parking
G-93
Developer
Gulf General Investments Co
Completed
2015
Service charge
AED 16,800 /yr
Last sold
AED 850K · January 2024

About PLT2-106, Platinum Residences 2

PLT2-106 is a two-bedroom apartment of 1,201 sqft on the 1st floor of Platinum Residences 2, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Gulf General Investments Co. It last sold on 17 January 2024 for AED 850,000, or AED 707 per sqft, in line with the AED 718 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 14 December 2020, is AED 48,539 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 16,800 a year.

Sales and rents for PLT2-106 over time

Sales
Unit PLT2-106, each saleTypical two-bed in Platinum Residences 2
750K1M1.25M20152018202120242027Typical sale price by year: 2015 AED 1,101,026; 2016 AED 1,147,912; 2017 AED 1,126,824; 2018 AED 1,066,664; 2021 AED 750,000; 2022 AED 800,000; 2023 AED 845,000; 2024 AED 970,000; 2025 AED 1,100,000; 2026 AED 1,250,000Sold by developer, June 2015: AED 1,054,967 (AED 878 per sqft)Sold, January 2024: AED 850,000 (AED 707 per sqft)

PLT2-106 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit PLT2-106, each contractTypical two-bed in Platinum Residences 2
60K80K2016201920222025Typical rent by year: 2016 AED 90,000; 2017 AED 85,000; 2018 AED 78,000; 2019 AED 68,000; 2020 AED 55,000; 2021 AED 54,000; 2022 AED 58,000; 2023 AED 65,000; 2024 AED 72,000; 2025 AED 83,000; 2026 AED 85,000New contract, January 2018: AED 78,000 a yearNew contract, January 2020: AED 63,000 a yearNew contract, December 2020: AED 48,539 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Platinum Residences 2, and where PLT2-106 sits

All 80 2-beds →

PLT2-106 last sold in January 2024 at AED 707 per sqft, in line with what two-beds in Platinum Residences 2 were fetching at the time (AED 718). Over the last 12 months two-beds sold for AED 1,150,000 to 1,310,000, around AED 1,040 per sqft, and rent for AED 50,000 to 120,000 a year. PLT2-106's AED 48,539 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Sep 20261,170,000
21 Aug 20261,150,000
23 Feb 20261,250,000
4 Feb 20261,310,000
5 2-bed sales in the last 12 months

Platinum Residences 2

Building

80 apartments, 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2015 by Gulf General Investments Co. 5 sold in the last 12 months.

Typical price per sqft
AED 1,040
Typical sale
AED 1.25M
Typical rent
AED 85K /yr
Typical yield
6.8%
Platinum Residences 2, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 1st floor

All 80 units in Platinum Residences 2
Value
PLT2-1012-bedAED 930K · Apr 2024
PLT2-1022-bedAED 1.12M · May 2018
PLT2-1032-bedAED 1.19M · Jun 2015
PLT2-1042-bedAED 1.09M · Jun 2015
PLT2-1052-bedAED 835K · Oct 2023
PLT2-1072-bedAED 1.08M · Oct 2017
PLT2-1082-bedAED 1.04M · Feb 2024
1–7 of 9

PLT2-106, Platinum Residences 2 in numbers

  • Sold twice: first on 17 June 2015 for AED 1,054,967, last on 17 January 2024 for AED 850,000 (AED 707 per sqft).
  • Rented since January 2018 on 3 Ejari contracts, from AED 78,000 to AED 48,539 a year.
  • At AED 48,539 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 16,800 a year (AED 13.95 per sqft).
  • Two-beds in Platinum Residences 2 sold for AED 1,150,000–1,310,000 in the 12 months to November 2026; the building's median across all types is AED 1,040 per sqft.

Source: Dubai Land Department. Updated 17 January 2024.

Questions about PLT2-106, Platinum Residences 2

What did unit PLT2-106 last sell for?

AED 850,000 on 17 January 2024: AED 707 per sqft for 1,201 sqft. The unit has 2 registered sales; the first was AED 1,054,967 in June 2015.

What is the rent for unit PLT2-106?

AED 48,539 a year on the contract signed on 14 December 2020. The previous contract, from January 2020, was AED 63,000; the unit has been rented since January 2018.

How big is unit PLT2-106?

1,201 sqft (111.6 sqm): a two-bedroom apartment on the 1st floor of a 8-storey tower completed in 2015.

What is unit PLT2-106 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Platinum Residences 2 sold for AED 1,150,000 to 1,310,000 in the last 12 months, around AED 1,040 per sqft.

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Mortgage on PLT2-106, Platinum Residences 2

Starts from the last sale price (AED 850K, 17 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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