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2-bed · 1,300 sqftSilicon Gates 1, Dubai Silicon Oasis · 15th floor · completed 2014

A-1501, Silicon Gates 1

Sold prices and rental history: sold twice, last in August 2016, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A-1501 · DLD and Ejari recordsUpdated 1 November 2017
Last soldAED 1.2M23 August 2016
Current rentAED 90K /yr1 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A-1501, Silicon Gates 1

What is A-1501 worth today?

Last sold for AED 1,200,000 in 2016

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1 Nov 2017RentedNew contract
AED 90,000/yr12 months · AED 69 per sqft
25 Sep 2016RentedNew contract
AED 105,000/yr12 months · AED 81 per sqft
23 Aug 2016SoldReady
AED 1,200,000AED 923 per sqft
1 Jun 2015Sold by developerOff-plan
AED 976,000AED 750 per sqft

Source: Dubai Land Department. Updated 1 November 2017.

Key facts

Type
2-bed apartment
Size
1,300 sqft
Floor
15th of 25
Parking
B1-02
Developer
Time Properties
Completed
2014
Service charge
AED 19,400 /yr
Last sold
AED 1.2M · August 2016
Building
Silicon Gates 1

About A-1501, Silicon Gates 1

A-1501 is a two-bedroom apartment of 1,300 sqft on the 15th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 23 August 2016 for AED 1,200,000, or AED 923 per sqft, 50% above the AED 616 two-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 1 November 2017, is AED 90,000 a year: a gross yield of 7.5% on the 2016 price, before the service charge of about AED 19,400 a year.

Sales and rents for A-1501 over time

Sales
Unit A-1501, each saleTypical two-bed in Silicon Gates 1
500K1M2009201420192024Typical sale price by year: 2009 AED 1,014,000; 2013 AED 978,516; 2014 AED 992,752; 2015 AED 988,000; 2016 AED 874,000; 2020 AED 555,000; 2021 AED 709,000; 2022 AED 720,000; 2023 AED 720,000; 2024 AED 955,000; 2025 AED 950,000Sold by developer, June 2015: AED 976,000 (AED 750 per sqft)Sold, August 2016: AED 1,200,000 (AED 923 per sqft)

A-1501 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit A-1501, each contractTypical two-bed in Silicon Gates 1
50K75K100K2014201820222026Typical rent by year: 2014 AED 92,000; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 85,000; 2018 AED 75,000; 2019 AED 65,000; 2020 AED 55,000; 2021 AED 50,000; 2022 AED 55,000; 2023 AED 60,500; 2024 AED 68,000; 2025 AED 75,000; 2026 AED 76,000New contract, September 2016: AED 105,000 a yearNew contract, November 2017: AED 90,000 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 Silicon Gates 1, and where A-1501 sits

All 88 2-beds →

A-1501 last sold in August 2016 at AED 923 per sqft, 50% above what two-beds in Silicon Gates 1 were fetching at the time (AED 616). Over the last 12 months two-beds sold for AED 1,040,000 to 1,280,000, around AED 866 per sqft, and rent for AED 50,000 to 105,000 a year. A-1501's AED 90,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20261,280,000
9 Sep 20261,050,000
22 Dec 20251,040,000
5 Dec 20251,250,000
4 2-bed sales in the last 12 months

Silicon Gates 1

Building

865 apartments, studios to 3-bed over 25 floors in Dubai Silicon Oasis, completed in 2014 by Time Properties. 69 sold in the last 12 months.

Typical price per sqft
AED 877 Up 9.2%
Typical sale
AED 541K
Typical rent
AED 46K /yr
Typical yield
8.9%
Silicon Gates 1, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 15th floor

All 865 units in Silicon Gates 1
Value
A-1502StudioAED 310K · Sep 2023
A-1503AStudioAED 215K · Sep 2014
A-1503BStudioAED 195K · Feb 2022
A-1504A1-bedAED 618K · Nov 2016
A-1504BStudioAED 251K · Jun 2015
A-15051-bedAED 675K · Oct 2026
A-1506StudioAED 284K · Oct 2014
1–7 of 34

A-1501, Silicon Gates 1 in numbers

  • Sold twice: first on 1 June 2015 for AED 976,000, last on 23 August 2016 for AED 1,200,000 (AED 923 per sqft).
  • Rented since September 2016 on 2 Ejari contracts, from AED 105,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2016 price is 7.5%, before a service charge of about AED 19,400 a year (AED 14.94 per sqft).
  • Two-beds in Silicon Gates 1 sold for AED 1,040,000–1,280,000 in the 12 months to November 2026; the building's median across all types is AED 877 per sqft.

Source: Dubai Land Department. Updated 1 November 2017.

Questions about A-1501, Silicon Gates 1

What did unit A-1501 last sell for?

AED 1,200,000 on 23 August 2016: AED 923 per sqft for 1,300 sqft. The unit has 2 registered sales; the first was AED 976,000 in June 2015.

What is the rent for unit A-1501?

AED 90,000 a year on the contract signed on 1 November 2017. The previous contract, from September 2016, was AED 105,000.

How big is unit A-1501?

1,300 sqft (120.8 sqm): a two-bedroom apartment on the 15th floor of a 25-storey tower completed in 2014.

What is unit A-1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Silicon Gates 1 sold for AED 1,040,000 to 1,280,000 in the last 12 months, around AED 866 per sqft.

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Mortgage on A-1501, Silicon Gates 1

Starts from the last sale price (AED 1.2M, 23 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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