PLT2-505, Platinum Residences 2
Sold prices and rental history: sold once, by the developer in May 2015, 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 PLT2-505, Platinum Residences 2
What is PLT2-505 worth today?
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Source: Dubai Land Department. Updated 1 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,201 sqft
- Floor
- 5th of 8
- Parking
- G-129
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 16,800 /yr
- Last sold
- AED 1.07M · May 2015
- Building
- Platinum Residences 2
About PLT2-505, Platinum Residences 2
PLT2-505 is a two-bedroom apartment of 1,201 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 19 May 2015 for AED 1,072,970, or AED 893 per sqft, in line with the AED 917 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 December 2024, is AED 88,000 a year: a gross yield of 8.2% on the 2015 price, before the service charge of about AED 16,800 a year.
Sales and rents for PLT2-505 over time
PLT2-505 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 PLT2-505 sits
All 80 2-beds →PLT2-505 last sold in May 2015 at AED 893 per sqft, in line with what two-beds in Platinum Residences 2 were fetching at the time (AED 917). 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. PLT2-505'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 5th floor
All 80 units in Platinum Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| PLT2-501 | 2-bed | 1,153 sqft | AED 1.12MAED 1,118,585 · Sep 2015September 2015 | 85,000 /yr | |
| PLT2-502 | 2-bed | 1,146 sqft | AED 1.12MAED 1,115,374 · Aug 2017August 2017 | 85,000 /yr | |
| PLT2-503 | 2-bed | 1,184 sqft | AED 745KAED 745,000 · Feb 2021February 2021 | 90,000 /yr | |
| PLT2-504 | 2-bed | 1,195 sqft | AED 1.19MAED 1,193,664 · Aug 2017August 2017 | ||
| PLT2-506 | 2-bed | 1,201 sqft | AED 800KAED 800,000 · Feb 2024February 2024 | 15,000 /yr | |
| PLT2-507 | 2-bed | 1,200 sqft | AED 1.1MAED 1,100,000 · Sep 2025September 2025 | 60,000 /yr | |
| PLT2-508 | 2-bed | 1,378 sqft | AED 1.26MAED 1,255,897 · Jun 2015June 2015 | 100,000 /yr | |
| PLT2-509 | 2-bed | 1,196 sqft | AED 1.15MAED 1,149,363 · Jun 2015June 2015 | 65,850 /yr | |
| PLT2-510 | 2-bed | 1,195 sqft | AED 890KAED 890,000 · Sep 2023September 2023 | 50,000 /yr |
PLT2-505, Platinum Residences 2 in numbers
- Sold once: by Gulf General Investments Co on 19 May 2015 for AED 1,072,970, or AED 893 per sqft.
- Rented since November 2018 on 4 Ejari contracts. The rent fell from AED 78,000 to AED 54,000 in 2021 and recovered to AED 88,000 by December 2024.
- At AED 88,000 a year the gross yield on the 2015 price is 8.2%, 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 1 December 2024.
Questions about PLT2-505, Platinum Residences 2
What did unit PLT2-505 last sell for?
AED 1,072,970 on 19 May 2015, sold by the developer: AED 893 per sqft for 1,201 sqft. It is the only registered sale of the unit.
What is the rent for unit PLT2-505?
AED 88,000 a year on the contract signed on 1 December 2024. The previous contract, from November 2021, was AED 54,000; the unit has been rented since November 2018.
How big is unit PLT2-505?
1,201 sqft (111.6 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit PLT2-505 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 PLT2-505, Platinum Residences 2
Starts from the last sale price (AED 1.07M, 19 May 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,072,970
- Deposit, UAE resident (20%)
- AED 214,594
- Deposit, non-resident (40%)
- AED 429,188
- Monthly over 25 years at 3.7%
- AED 4,390
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →