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2-bed · 1,153 sqftPlatinum Residences 2, Dubai Silicon Oasis · 7th floor · completed 2015

PLT2-701, Platinum Residences 2

Sold prices and rental history: sold twice, last in December 2023, and rented once, from May 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit PLT2-701 · DLD and Ejari recordsUpdated 11 December 2023
Last soldAED 840K11 December 2023
Current rentAED 68K /yr28 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for PLT2-701, Platinum Residences 2

What is PLT2-701 worth today?

Last sold for AED 840,000 in 2023

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11 Dec 2023SoldReady
AED 840,000AED 728 per sqft
28 May 2022RentedNew contract
AED 68,000/yr12 months · AED 59 per sqft
11 Apr 2018Sold by developerOff-plan
AED 1,068,237AED 926 per sqft

Source: Dubai Land Department. Updated 11 December 2023.

Key facts

Type
2-bed apartment
Size
1,153 sqft
Floor
7th of 8
Parking
G-78
Developer
Gulf General Investments Co
Completed
2015
Service charge
AED 16,100 /yr
Last sold
AED 840K · December 2023
Building
Platinum Residences 2

About PLT2-701, Platinum Residences 2

PLT2-701 is a two-bedroom apartment of 1,153 sqft on the 7th 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 11 December 2023 for AED 840,000, or AED 728 per sqft, in line with the AED 728 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 May 2022. The current contract, signed on 28 May 2022, is AED 68,000 a year: a gross yield of 8.1% on the 2023 price, before the service charge of about AED 16,100 a year.

Sales and rents for PLT2-701 over time

Sales
Unit PLT2-701, 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, April 2018: AED 1,068,237 (AED 926 per sqft)Sold, December 2023: AED 840,000 (AED 728 per sqft)

PLT2-701 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit PLT2-701, 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 85,000New contract, May 2022: AED 68,000 a year

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 PLT2-701 sits

All 80 2-beds →

PLT2-701 last sold in December 2023 at AED 728 per sqft, in line with what two-beds in Platinum Residences 2 were fetching at the time (AED 728). 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. PLT2-701's AED 68,000 is in the lower half of that range.

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 7th floor

All 80 units in Platinum Residences 2
Value
PLT2-7022-bedAED 1.16M · Jun 2018
PLT2-7032-bedAED 1.15M · Feb 2017
PLT2-7042-bedAED 1.14M · Jan 2017
PLT2-7052-bedAED 1.31M · Feb 2026
PLT2-7062-bedAED 1.25M · Jan 2026
PLT2-7072-bedAED 1.12M · Mar 2016
PLT2-7082-bedAED 1.25M · Oct 2016
1–7 of 9

PLT2-701, Platinum Residences 2 in numbers

  • Sold twice: first on 11 April 2018 for AED 1,068,237, last on 11 December 2023 for AED 840,000 (AED 728 per sqft).
  • Rented since May 2022 on one Ejari contract, at AED 68,000 a year.
  • At AED 68,000 a year the gross yield on the 2023 price is 8.1%, before a service charge of about AED 16,100 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 December 2023.

Questions about PLT2-701, Platinum Residences 2

What did unit PLT2-701 last sell for?

AED 840,000 on 11 December 2023: AED 728 per sqft for 1,153 sqft. The unit has 2 registered sales; the first was AED 1,068,237 in April 2018.

What is the rent for unit PLT2-701?

AED 68,000 a year on the contract signed on 28 May 2022.

How big is unit PLT2-701?

1,153 sqft (107.1 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.

What is unit PLT2-701 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 PLT2-701, Platinum Residences 2

Starts from the last sale price (AED 840K, 11 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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