PLT2-205, Platinum Residences 2
Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for PLT2-205, Platinum Residences 2
What is PLT2-205 worth today?
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Source: Dubai Land Department. Updated 10 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,201 sqft
- Floor
- 2nd of 8
- Parking
- G-87
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 16,800 /yr
- Last sold
- AED 940K · May 2024
- Building
- Platinum Residences 2
About PLT2-205, Platinum Residences 2
PLT2-205 is a two-bedroom apartment of 1,201 sqft on the 2nd 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 10 May 2024 for AED 940,000, or AED 782 per sqft, 8% above the AED 727 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 10 August 2024, is AED 58,300 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 16,800 a year.
Sales and rents for PLT2-205 over time
PLT2-205 has sold twice; the dashed line is the two-bed median of each year in the building.
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 PLT2-205 sits
All 80 2-beds →PLT2-205 last sold in May 2024 at AED 782 per sqft, 8% above what two-beds in Platinum Residences 2 were fetching at the time (AED 727). 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. PLT2-205's AED 58,300 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Sep 202614 September 2026 | 1,153 sqft | 1,170,000 | 1,014 | ||
| 21 Aug 202621 August 2026 | 1,184 sqft | 1,150,000 | 971 | ||
| 23 Feb 202623 February 2026 | 1,201 sqft | 1,250,000 | 1,040 | ||
| 4 Feb 20264 February 2026 | 1,201 sqft | 1,310,000 | 1,090 |
Platinum Residences 2
Building80 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%
Other units on the 2nd floor
All 80 units in Platinum Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| PLT2-201 | 2-bed | 577 sqft | AED 1.14MAED 1,140,000 · Nov 2016November 2016 | ||
| PLT2-202 | 2-bed | 1,146 sqft | AED 665KAED 665,000 · Aug 2020August 2020 | 90,000 /yr | |
| PLT2-203 | 2-bed | 1,184 sqft | AED 1.15MAED 1,150,000 · Aug 2026August 2026 | 50,000 /yr | |
| PLT2-204 | 2-bed | 1,195 sqft | AED 970KAED 970,000 · Jun 2024June 2024 | 80,000 /yr | |
| PLT2-206 | 2-bed | 1,201 sqft | AED 870KAED 870,000 · May 2024May 2024 | 80,000 /yr | |
| PLT2-207 | 2-bed | 1,200 sqft | AED 1.02MAED 1,023,249 · Jul 2016July 2016 | 50,000 /yr | |
| PLT2-208 | 2-bed | 1,378 sqft | AED 1MAED 1,000,000 · May 2024May 2024 | 73,188 /yr | |
| PLT2-209 | 2-bed | 1,196 sqft | AED 1.05MAED 1,051,702 · Jun 2016June 2016 | 63,500 /yr | |
| PLT2-210 | 2-bed | 1,195 sqft | AED 1.1MAED 1,100,000 · Oct 2016October 2016 | 85,000 /yr |
PLT2-205, Platinum Residences 2 in numbers
- Sold twice: first on 17 June 2015 for AED 1,059,641, last on 10 May 2024 for AED 940,000 (AED 782 per sqft).
- Rented since September 2016 on 5 Ejari contracts. The rent fell from AED 95,000 to AED 51,000 in 2020 and recovered to AED 58,300 by August 2024.
- At AED 58,300 a year the gross yield on the 2024 price is 6.2%, 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 10 August 2024.
Questions about PLT2-205, Platinum Residences 2
What did unit PLT2-205 last sell for?
AED 940,000 on 10 May 2024: AED 782 per sqft for 1,201 sqft. The unit has 2 registered sales; the first was AED 1,059,641 in June 2015.
What is the rent for unit PLT2-205?
AED 58,300 a year on the contract signed on 10 August 2024. The previous contract, from August 2022, was AED 53,000; the unit has been rented since September 2016.
How big is unit PLT2-205?
1,201 sqft (111.6 sqm): a two-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.
What is unit PLT2-205 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 PLT2-205, Platinum Residences 2
Starts from the last sale price (AED 940K, 10 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 940,000
- Deposit, UAE resident (20%)
- AED 188,000
- Deposit, non-resident (40%)
- AED 376,000
- Monthly over 25 years at 3.7%
- AED 3,846
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →