PLT2-404, Platinum Residences 2
Sold prices and rental history: sold twice, last in November 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for PLT2-404, Platinum Residences 2
What is PLT2-404 worth today?
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Source: Dubai Land Department. Updated 1 August 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,195 sqft
- Floor
- 4th of 8
- Parking
- G-54
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 16,700 /yr
- Last sold
- AED 1.25M · November 2016
- Building
- Platinum Residences 2
About PLT2-404, Platinum Residences 2
PLT2-404 is a two-bedroom apartment of 1,195 sqft on the 4th 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 3 November 2016 for AED 1,250,000, or AED 1,046 per sqft, 9% above the AED 962 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 August 2023, is AED 70,000 a year: a gross yield of 5.6% on the 2016 price, before the service charge of about AED 16,700 a year.
Sales and rents for PLT2-404 over time
PLT2-404 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 PLT2-404 sits
All 80 2-beds →PLT2-404 last sold in November 2016 at AED 1,046 per sqft, 9% above what two-beds in Platinum Residences 2 were fetching at the time (AED 962). 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. PLT2-404's AED 70,000 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 4th floor
All 80 units in Platinum Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| PLT2-401 | 2-bed | 1,153 sqft | AED 1.15MAED 1,149,268 · Dec 2015December 2015 | ||
| PLT2-402 | 2-bed | 1,146 sqft | AED 1.11MAED 1,110,930 · Apr 2018April 2018 | 60,000 /yr | |
| PLT2-403 | 2-bed | 1,184 sqft | AED 1.25MAED 1,250,000 · Nov 2016November 2016 | 75,000 /yr | |
| PLT2-405 | 2-bed | 1,201 sqft | AED 1.07MAED 1,068,559 · Jun 2015June 2015 | 73,469 /yr | |
| PLT2-406 | 2-bed | 1,201 sqft | AED 950KAED 949,594 · Nov 2016November 2016 | ||
| PLT2-407 | 2-bed | 1,200 sqft | AED 1.19MAED 1,186,011 · Nov 2016November 2016 | 88,000 /yr | |
| PLT2-408 | 2-bed | 1,378 sqft | AED 800KAED 800,000 · Jun 2022June 2022 | 55,000 /yr | |
| PLT2-409 | 2-bed | 1,196 sqft | AED 1.19MAED 1,191,635 · Oct 2017October 2017 | 85,000 /yr | |
| PLT2-410 | 2-bed | 1,195 sqft | AED 1.15MAED 1,145,824 · May 2016May 2016 | 87,000 /yr |
PLT2-404, Platinum Residences 2 in numbers
- Sold twice: first on 1 November 2016 for AED 1,157,644, last on 3 November 2016 for AED 1,250,000 (AED 1,046 per sqft).
- Rented since February 2017 on 7 Ejari contracts. The rent fell from AED 90,000 to AED 54,000 in 2021 and recovered to AED 70,000 by August 2023.
- At AED 70,000 a year the gross yield on the 2016 price is 5.6%, before a service charge of about AED 16,700 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 1 August 2023.
Questions about PLT2-404, Platinum Residences 2
What did unit PLT2-404 last sell for?
AED 1,250,000 on 3 November 2016: AED 1,046 per sqft for 1,195 sqft. The unit has 2 registered sales; the first was AED 1,157,644 in November 2016.
What is the rent for unit PLT2-404?
AED 70,000 a year on the contract signed on 1 August 2023. The previous contract, from June 2022, was AED 60,000; the unit has been rented since February 2017.
How big is unit PLT2-404?
1,195 sqft (111.0 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.
What is unit PLT2-404 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 PLT2-404, Platinum Residences 2
Starts from the last sale price (AED 1.25M, 3 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →