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Studio · 442 sqftSilicon Gates 1, Dubai Silicon Oasis · 15th floor · completed 2014

A-1502, Silicon Gates 1

Sold prices and rental history: sold twice, last in September 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A-1502 · DLD and Ejari recordsUpdated 13 September 2023
Last soldAED 310K13 September 2023
Current rentAED 30K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A-1502, Silicon Gates 1

What is A-1502 worth today?

Last sold for AED 310,000 in 2023

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13 Sep 2023SoldReady
AED 310,000AED 700 per sqft
1 Feb 2023RentedRenewal
AED 29,700/yr12 months · AED 67 per sqft
1 Feb 2022RentedRenewal
AED 27,000/yr12 months · AED 61 per sqft
1 Feb 2021RentedRenewal
AED 27,000/yr12 months · AED 61 per sqft
1 Feb 2020RentedNew contract
AED 34,000/yr12 months · AED 77 per sqft
1 Feb 2019RentedNew contract
AED 36,000/yr12 months · AED 81 per sqft
1 Feb 2018RentedNew contract
AED 38,000/yr12 months · AED 86 per sqft
1 Nov 2015RentedNew contract
AED 50,000/yr12 months · AED 113 per sqft

Source: Dubai Land Department. Updated 13 September 2023.

Key facts

Type
Studio apartment
Size
442 sqft
Floor
15th of 25
Parking
B2-210
Developer
Time Properties
Completed
2014
Service charge
AED 6,600 /yr
Last sold
AED 310K · September 2023
Building
Silicon Gates 1

About A-1502, Silicon Gates 1

A-1502 is a studio of 442 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 13 September 2023 for AED 310,000, or AED 700 per sqft, in line with the AED 680 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 29,700 a year: a gross yield of 9.6% on the 2023 price, before the service charge of about AED 6,600 a year.

Sales and rents for A-1502 over time

Sales
Unit A-1502, each saleTypical studio in Silicon Gates 1
200K400K2009201420192024Typical sale price by year: 2009 AED 328,000; 2010 AED 436,000; 2011 AED 343,339; 2012 AED 175,000; 2013 AED 331,920; 2014 AED 357,000; 2015 AED 351,903; 2016 AED 400,000; 2017 AED 390,000; 2018 AED 340,000; 2019 AED 290,000; 2020 AED 235,000; 2021 AED 252,500; 2022 AED 252,500; 2023 AED 300,000; 2024 AED 350,000; 2025 AED 400,000; 2026 AED 452,500Sold by developer, June 2015: AED 335,000 (AED 757 per sqft)Sold, September 2023: AED 310,000 (AED 700 per sqft)

A-1502 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit A-1502, each contractTypical studio in Silicon Gates 1
20K40K2014201820222026Typical rent by year: 2014 AED 44,880; 2015 AED 45,000; 2016 AED 45,000; 2017 AED 40,000; 2018 AED 35,500; 2019 AED 29,000; 2020 AED 24,000; 2021 AED 21,000; 2022 AED 24,000; 2023 AED 27,915; 2024 AED 33,500; 2025 AED 36,000; 2026 AED 38,000New contract, November 2015: AED 50,000 a yearNew contract, February 2018: AED 38,000 a yearNew contract, February 2019: AED 36,000 a yearNew contract, February 2020: AED 34,000 a yearRenewal, February 2021: AED 27,000 a yearRenewal, February 2022: AED 27,000 a yearRenewal, February 2023: AED 29,700 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Silicon Gates 1, and where A-1502 sits

All 376 studios →

A-1502 last sold in September 2023 at AED 700 per sqft, in line with what studios in Silicon Gates 1 were fetching at the time (AED 680). Over the last 12 months studios sold for AED 285,000 to 545,000, around AED 1,105 per sqft, and rent for AED 27,500 to 68,400 a year. A-1502's AED 29,700 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
23 Oct 2026480,000
15 Oct 2026422,000
1 Oct 2026500,000
22 Sep 2026405,000
32 studio 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-15012-bedAED 1.2M · Aug 2016
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-1502, Silicon Gates 1 in numbers

  • Sold twice: first on 1 June 2015 for AED 335,000, last on 13 September 2023 for AED 310,000 (AED 700 per sqft).
  • Rented since November 2015 on 7 Ejari contracts, from AED 50,000 to AED 29,700 a year.
  • At AED 29,700 a year the gross yield on the 2023 price is 9.6%, before a service charge of about AED 6,600 a year (AED 14.94 per sqft).
  • Studios in Silicon Gates 1 sold for AED 285,000–545,000 in the 12 months to November 2026; the building's median across all types is AED 877 per sqft.

Source: Dubai Land Department. Updated 13 September 2023.

Questions about A-1502, Silicon Gates 1

What did unit A-1502 last sell for?

AED 310,000 on 13 September 2023: AED 700 per sqft for 442 sqft. The unit has 2 registered sales; the first was AED 335,000 in June 2015.

What is the rent for unit A-1502?

AED 29,700 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 27,000; the unit has been rented since November 2015.

How big is unit A-1502?

442 sqft (41.1 sqm): a studio on the 15th floor of a 25-storey tower completed in 2014.

What is unit A-1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Silicon Gates 1 sold for AED 285,000 to 545,000 in the last 12 months, around AED 1,105 per sqft.

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Mortgage on A-1502, Silicon Gates 1

Starts from the last sale price (AED 310K, 13 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 310,000
Deposit, UAE resident (20%)
AED 62,000
Deposit, non-resident (40%)
AED 124,000
Monthly over 25 years at 3.7%
AED 1,268

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