PLT2-407, Platinum Residences 2
Sold prices and rental history: sold once, by the developer in November 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for PLT2-407, Platinum Residences 2
What is PLT2-407 worth today?
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Source: Dubai Land Department. Updated 11 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,200 sqft
- Floor
- 4th of 8
- Parking
- G-72
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 16,700 /yr
- Last sold
- AED 1.19M · November 2016
- Building
- Platinum Residences 2
About PLT2-407, Platinum Residences 2
PLT2-407 is a two-bedroom apartment of 1,200 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. The developer sold it on 23 November 2016 for AED 1,186,011, or AED 988 per sqft, in line with the AED 960 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 11 July 2026, is AED 88,000 a year: a gross yield of 7.4% on the 2016 price, before the service charge of about AED 16,700 a year.
Sales and rents for PLT2-407 over time
PLT2-407 has sold once; 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 PLT2-407 sits
All 80 2-beds →PLT2-407 last sold in November 2016 at AED 988 per sqft, in line with what two-beds in Platinum Residences 2 were fetching at the time (AED 960). 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. PLT2-407's AED 88,000 is in the upper 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 | |
| PLT2-404 | 2-bed | 1,195 sqft | AED 1.25MAED 1,250,000 · Nov 2016November 2016 | 70,000 /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 | ||
| PLT2-408 | 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 |
PLT2-407, Platinum Residences 2 in numbers
- Sold once: by Gulf General Investments Co on 23 November 2016 for AED 1,186,011, or AED 988 per sqft.
- Rented since July 2018 on 9 Ejari contracts. The rent fell from AED 75,000 to AED 41,143 in 2025 and recovered to AED 88,000 by July 2026.
- At AED 88,000 a year the gross yield on the 2016 price is 7.4%, 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 11 July 2026.
Questions about PLT2-407, Platinum Residences 2
What did unit PLT2-407 last sell for?
AED 1,186,011 on 23 November 2016, sold by the developer: AED 988 per sqft for 1,200 sqft. It is the only registered sale of the unit.
What is the rent for unit PLT2-407?
AED 88,000 a year on the contract signed on 11 July 2026. The previous contract, from May 2025, was AED 41,143; the unit has been rented since July 2018.
How big is unit PLT2-407?
1,200 sqft (111.5 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.
What is unit PLT2-407 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 PLT2-407, Platinum Residences 2
Starts from the last sale price (AED 1.19M, 23 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,186,011
- Deposit, UAE resident (20%)
- AED 237,202
- Deposit, non-resident (40%)
- AED 474,404
- Monthly over 25 years at 3.7%
- AED 4,852
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →