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2-bed · 1,195 sqftPlatinum Residences 2, Dubai Silicon Oasis · 7th floor · completed 2015

PLT2-704, Platinum Residences 2

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

Unit PLT2-704 · DLD and Ejari recordsUpdated 18 January 2017
Last soldAED 1.14M18 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for PLT2-704, Platinum Residences 2

What is PLT2-704 worth today?

Last sold for AED 1,139,808 in 2017

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18 Jan 2017Sold by developerReady
AED 1,139,808AED 954 per sqft

Source: Dubai Land Department. Updated 18 January 2017.

Key facts

Type
2-bed apartment
Size
1,195 sqft
Floor
7th of 8
Parking
G-45
Developer
Gulf General Investments Co
Completed
2015
Service charge
AED 16,700 /yr
Last sold
AED 1.14M · January 2017
Building
Platinum Residences 2

About PLT2-704, Platinum Residences 2

PLT2-704 is a two-bedroom apartment of 1,195 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. The developer sold it on 18 January 2017 for AED 1,139,808, or AED 954 per sqft, in line with the AED 956 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for PLT2-704 over time

Sales
Unit PLT2-704, 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, January 2017: AED 1,139,808 (AED 954 per sqft)

PLT2-704 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit PLT2-704, 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 PLT2-704 sits

All 80 2-beds →

PLT2-704 last sold in January 2017 at AED 954 per sqft, in line with what two-beds in Platinum Residences 2 were fetching at the time (AED 956). 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 7th floor

All 80 units in Platinum Residences 2
Value
PLT2-7012-bedAED 840K · Dec 2023
PLT2-7022-bedAED 1.16M · Jun 2018
PLT2-7032-bedAED 1.15M · Feb 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

PLT2-704, Platinum Residences 2 in numbers

  • Sold once: by Gulf General Investments Co on 18 January 2017 for AED 1,139,808, or AED 954 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 18 January 2017.

Questions about PLT2-704, Platinum Residences 2

What did unit PLT2-704 last sell for?

AED 1,139,808 on 18 January 2017, sold by the developer: AED 954 per sqft for 1,195 sqft. It is the only registered sale of the unit.

How big is unit PLT2-704?

1,195 sqft (111.0 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.

What is unit PLT2-704 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 PLT2-704, Platinum Residences 2

Starts from the last sale price (AED 1.14M, 18 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,139,808
Deposit, UAE resident (20%)
AED 227,962
Deposit, non-resident (40%)
AED 455,923
Monthly over 25 years at 3.7%
AED 4,663

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