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2-bed · 1,195 sqftPlatinum Residences 2, Dubai Silicon Oasis · 5th floor · completed 2015

PLT2-504, Platinum Residences 2

Sold prices and rental history: sold once, by the developer in August 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit PLT2-504 · DLD and Ejari recordsUpdated 21 August 2017
Last soldAED 1.19M21 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for PLT2-504, Platinum Residences 2

What is PLT2-504 worth today?

Last sold for AED 1,193,664 in 2017

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21 Aug 2017Sold by developerReady
AED 1,193,664AED 999 per sqft

Source: Dubai Land Department. Updated 21 August 2017.

Key facts

Type
2-bed apartment
Size
1,195 sqft
Floor
5th of 8
Parking
G-51
Developer
Gulf General Investments Co
Completed
2015
Service charge
AED 16,700 /yr
Last sold
AED 1.19M · August 2017
Building
Platinum Residences 2

About PLT2-504, Platinum Residences 2

PLT2-504 is a two-bedroom apartment of 1,195 sqft on the 5th 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 21 August 2017 for AED 1,193,664, or AED 999 per sqft, 4% above the AED 963 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for PLT2-504 over time

Sales
Unit PLT2-504, 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, August 2017: AED 1,193,664 (AED 999 per sqft)

PLT2-504 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit PLT2-504, 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 85,000

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 PLT2-504 sits

All 80 2-beds →

PLT2-504 last sold in August 2017 at AED 999 per sqft, 4% above what two-beds in Platinum Residences 2 were fetching at the time (AED 963). 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.

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 5th floor

All 80 units in Platinum Residences 2
Value
PLT2-5012-bedAED 1.12M · Sep 2015
PLT2-5022-bedAED 1.12M · Aug 2017
PLT2-5032-bedAED 745K · Feb 2021
PLT2-5052-bedAED 1.07M · May 2015
PLT2-5062-bedAED 800K · Feb 2024
PLT2-5072-bedAED 1.1M · Sep 2025
PLT2-5082-bedAED 1.26M · Jun 2015
1–7 of 9

PLT2-504, Platinum Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 21 August 2017 for AED 1,193,664, or AED 999 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 21 August 2017.

Questions about PLT2-504, Platinum Residences 2

What did unit PLT2-504 last sell for?

AED 1,193,664 on 21 August 2017, sold by the developer: AED 999 per sqft for 1,195 sqft. It is the only registered sale of the unit.

How big is unit PLT2-504?

1,195 sqft (111.0 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.

What is unit PLT2-504 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 PLT2-504, Platinum Residences 2

Starts from the last sale price (AED 1.19M, 21 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,193,664
Deposit, UAE resident (20%)
AED 238,733
Deposit, non-resident (40%)
AED 477,466
Monthly over 25 years at 3.7%
AED 4,884

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