PLT2-506, Platinum Residences 2
Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for PLT2-506, Platinum Residences 2
What is PLT2-506 worth today?
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Source: Dubai Land Department. Updated 20 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,201 sqft
- Floor
- 5th of 8
- Parking
- G-130
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 16,800 /yr
- Last sold
- AED 800K · February 2024
- Building
- Platinum Residences 2
About PLT2-506, Platinum Residences 2
PLT2-506 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. It last sold on 23 February 2024 for AED 800,000, or AED 665 per sqft, 5% below the AED 703 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, signed on 20 February 2025, is AED 15,000 a year: a gross yield of 1.9% on the 2024 price, before the service charge of about AED 16,800 a year.
Sales and rents for PLT2-506 over time
PLT2-506 has sold 3 times; 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 PLT2-506 sits
All 80 2-beds →PLT2-506 last sold in February 2024 at AED 665 per sqft, 5% below what two-beds in Platinum Residences 2 were fetching at the time (AED 703). 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. PLT2-506's AED 15,000 is at the bottom 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 | ||
| PLT2-505 | 2-bed | 1,201 sqft | AED 1.07MAED 1,072,970 · May 2015May 2015 | 88,000 /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 |
PLT2-506, Platinum Residences 2 in numbers
- Sold 3 times: first on 24 August 2017 for AED 1,072,735, last on 23 February 2024 for AED 800,000 (AED 665 per sqft).
- Rented since August 2016 on 10 Ejari contracts, from AED 90,000 to AED 15,000 a year.
- At AED 15,000 a year the gross yield on the 2024 price is 1.9%, 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 20 February 2025.
Questions about PLT2-506, Platinum Residences 2
What did unit PLT2-506 last sell for?
AED 800,000 on 23 February 2024: AED 665 per sqft for 1,201 sqft. The unit has 3 registered sales; the first was AED 1,072,735 in August 2017.
What is the rent for unit PLT2-506?
AED 15,000 a year on the contract signed on 20 February 2025. The previous contract, from February 2025, was AED 15,000; the unit has been rented since August 2016.
How big is unit PLT2-506?
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 PLT2-506 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 PLT2-506, Platinum Residences 2
Starts from the last sale price (AED 800K, 23 February 2024). 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 →