PLT2-709, Platinum Residences 2
Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for PLT2-709, Platinum Residences 2
What is PLT2-709 worth today?
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Source: Dubai Land Department. Updated 28 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,196 sqft
- Floor
- 7th of 8
- Parking
- G-61
- Developer
- Gulf General Investments Co
- Completed
- 2015
- Service charge
- AED 16,700 /yr
- Last sold
- AED 900K · June 2024
- Building
- Platinum Residences 2
About PLT2-709, Platinum Residences 2
PLT2-709 is a two-bedroom apartment of 1,196 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 28 June 2024 for AED 900,000, or AED 752 per sqft, in line with the AED 736 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 1 December 2023, is AED 65,000 a year: a gross yield of 7.2% on the 2024 price, before the service charge of about AED 16,700 a year.
Sales and rents for PLT2-709 over time
PLT2-709 has sold twice; 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 PLT2-709 sits
All 80 2-beds →PLT2-709 last sold in June 2024 at AED 752 per sqft, in line with what two-beds in Platinum Residences 2 were fetching at the time (AED 736). 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. PLT2-709's AED 65,000 is in the lower 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 7th floor
All 80 units in Platinum Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| PLT2-701 | 2-bed | 1,153 sqft | AED 840KAED 840,000 · Dec 2023December 2023 | 68,000 /yr | |
| PLT2-702 | 2-bed | 1,146 sqft | AED 1.16MAED 1,155,563 · Jun 2018June 2018 | 85,000 /yr | |
| PLT2-703 | 2-bed | 1,184 sqft | AED 1.15MAED 1,147,707 · Feb 2017February 2017 | 120,000 /yr | |
| PLT2-704 | 2-bed | 1,195 sqft | AED 1.14MAED 1,139,808 · Jan 2017January 2017 | ||
| PLT2-705 | 2-bed | 1,201 sqft | AED 1.31MAED 1,310,000 · Feb 2026February 2026 | 57,750 /yr | |
| PLT2-706 | 2-bed | 1,201 sqft | AED 1.25MAED 1,250,000 · Jan 2026January 2026 | 65,000 /yr | |
| PLT2-707 | 2-bed | 1,200 sqft | AED 1.12MAED 1,116,749 · Mar 2016March 2016 | 61,000 /yr | |
| PLT2-708 | 2-bed | 1,378 sqft | AED 1.25MAED 1,246,096 · Oct 2016October 2016 | ||
| PLT2-710 | 2-bed | 1,195 sqft | AED 970KAED 970,000 · May 2024May 2024 | 83,000 /yr |
PLT2-709, Platinum Residences 2 in numbers
- Sold twice: first on 21 August 2017 for AED 1,158,698, last on 28 June 2024 for AED 900,000 (AED 752 per sqft).
- Rented since March 2017 on 8 Ejari contracts. The rent fell from AED 85,000 to AED 48,000 in 2020 and recovered to AED 65,000 by December 2023.
- At AED 65,000 a year the gross yield on the 2024 price is 7.2%, before a service charge of about AED 16,700 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 28 June 2024.
Questions about PLT2-709, Platinum Residences 2
What did unit PLT2-709 last sell for?
AED 900,000 on 28 June 2024: AED 752 per sqft for 1,196 sqft. The unit has 2 registered sales; the first was AED 1,158,698 in August 2017.
What is the rent for unit PLT2-709?
AED 65,000 a year on the contract renewed on 1 December 2023. The previous contract, from December 2022, was AED 60,500; the unit has been rented since March 2017.
How big is unit PLT2-709?
1,196 sqft (111.1 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.
What is unit PLT2-709 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 PLT2-709, Platinum Residences 2
Starts from the last sale price (AED 900K, 28 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →