PLT2-408, Platinum Residences 2
Sold prices and rental history: sold twice, last in June 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for PLT2-408, Platinum Residences 2
What is PLT2-408 worth today?
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Source: Dubai Land Department. Updated 23 June 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,378 sqft
- Floor
- 4th of 8
- Parking
- G-60
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 19,200 /yr
- Last sold
- AED 800K · June 2022
- Building
- Platinum Residences 2
About PLT2-408, Platinum Residences 2
PLT2-408 is a two-bedroom apartment of 1,378 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 23 June 2022 for AED 800,000, or AED 580 per sqft, 7% below the AED 624 two-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 15 August 2021, is AED 55,000 a year: a gross yield of 6.9% on the 2022 price, before the service charge of about AED 19,200 a year.
Sales and rents for PLT2-408 over time
PLT2-408 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 PLT2-408 sits
All 80 2-beds →PLT2-408 last sold in June 2022 at AED 580 per sqft, 7% below what two-beds in Platinum Residences 2 were fetching at the time (AED 624). 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. PLT2-408's AED 55,000 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 | |
| PLT2-404 | 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 | ||
| PLT2-407 | 2-bed | 1,200 sqft | AED 1.19MAED 1,186,011 · Nov 2016November 2016 | 88,000 /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 |
PLT2-408, Platinum Residences 2 in numbers
- Sold twice: first on 22 November 2016 for AED 1,253,235, last on 23 June 2022 for AED 800,000 (AED 580 per sqft).
- Rented since August 2020 on 2 Ejari contracts, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2022 price is 6.9%, before a service charge of about AED 19,200 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 23 June 2022.
Questions about PLT2-408, Platinum Residences 2
What did unit PLT2-408 last sell for?
AED 800,000 on 23 June 2022: AED 580 per sqft for 1,378 sqft. The unit has 2 registered sales; the first was AED 1,253,235 in November 2016.
What is the rent for unit PLT2-408?
AED 55,000 a year on the contract signed on 15 August 2021. The previous contract, from August 2020, was AED 55,000.
How big is unit PLT2-408?
1,378 sqft (128.0 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2015.
What is unit PLT2-408 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 PLT2-408, Platinum Residences 2
Starts from the last sale price (AED 800K, 23 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 800,000
- Deposit, UAE resident (20%)
- AED 160,000
- Deposit, non-resident (40%)
- AED 320,000
- Monthly over 25 years at 3.7%
- AED 3,273
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →