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Studio · 354 sqftSilicon Gates 1, Dubai Silicon Oasis · 23rd floor · completed 2014

A-2304B, Silicon Gates 1

Sold prices and rental history: sold twice, last in November 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A-2304B · DLD and Ejari recordsUpdated 1 June 2021
Last soldAED 435K17 November 2014
Current rentAED 20K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A-2304B, Silicon Gates 1

What is A-2304B worth today?

Last sold for AED 434,700 in 2014

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1 Jun 2021RentedNew contract
AED 20,000/yr12 months · AED 56 per sqft
27 May 2020RentedNew contract
AED 20,000/yr12 months · AED 56 per sqft
1 Feb 2018RentedNew contract
AED 34,000/yr12 months · AED 96 per sqft
18 Dec 2016RentedRenewal
AED 45,000/yr12 months · AED 127 per sqft
18 Dec 2015RentedNew contract
AED 45,000/yr12 months · AED 127 per sqft
17 Nov 2014SoldReady
AED 434,700AED 1,228 per sqft
26 Aug 2009Sold by developerOff-plan
AED 434,700AED 1,228 per sqft

Source: Dubai Land Department. Updated 1 June 2021.

Key facts

Type
Studio apartment
Size
354 sqft
Floor
23rd of 25
Parking
B1-165
Developer
Time Properties
Completed
2014
Service charge
AED 5,300 /yr
Last sold
AED 435K · November 2014
Building
Silicon Gates 1

About A-2304B, Silicon Gates 1

A-2304B is a studio of 354 sqft on the 23rd floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 17 November 2014 for AED 434,700, or AED 1,228 per sqft, 42% above the AED 865 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 June 2021, is AED 20,000 a year: a gross yield of 4.6% on the 2014 price, before the service charge of about AED 5,300 a year.

Sales and rents for A-2304B over time

Sales
Unit A-2304B, 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, August 2009: AED 434,700 (AED 1,228 per sqft)Sold, November 2014: AED 434,700 (AED 1,228 per sqft)

A-2304B has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit A-2304B, 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, December 2015: AED 45,000 a yearRenewal, December 2016: AED 45,000 a yearNew contract, February 2018: AED 34,000 a yearNew contract, May 2020: AED 20,000 a yearNew contract, June 2021: AED 20,000 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-2304B sits

All 376 studios →

A-2304B last sold in November 2014 at AED 1,228 per sqft, 42% above what studios in Silicon Gates 1 were fetching at the time (AED 865). 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-2304B's AED 20,000 is at the bottom 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 23rd floor

All 865 units in Silicon Gates 1
Value
A-23012-bedAED 940K · Feb 2025
A-2302StudioAED 400K · Jul 2024
A-2303AStudioAED 465K · Dec 2014
A-2303BStudioAED 220K · Jul 2022
A-2304A1-bedAED 717K · Sep 2014
A-23051-bedAED 530K · Mar 2024
A-23061-bedAED 744K · Sep 2014
1–7 of 34

A-2304B, Silicon Gates 1 in numbers

  • Sold twice: first on 26 August 2009 for AED 434,700, last on 17 November 2014 for AED 434,700 (AED 1,228 per sqft).
  • Rented since December 2015 on 5 Ejari contracts, from AED 45,000 to AED 20,000 a year.
  • At AED 20,000 a year the gross yield on the 2014 price is 4.6%, before a service charge of about AED 5,300 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 1 June 2021.

Questions about A-2304B, Silicon Gates 1

What did unit A-2304B last sell for?

AED 434,700 on 17 November 2014: AED 1,228 per sqft for 354 sqft. The unit has 2 registered sales; the first was AED 434,700 in August 2009.

What is the rent for unit A-2304B?

AED 20,000 a year on the contract signed on 1 June 2021. The previous contract, from May 2020, was AED 20,000; the unit has been rented since December 2015.

How big is unit A-2304B?

354 sqft (32.9 sqm): a studio on the 23rd floor of a 25-storey tower completed in 2014.

What is unit A-2304B 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-2304B, Silicon Gates 1

Starts from the last sale price (AED 435K, 17 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 434,700
Deposit, UAE resident (20%)
AED 86,940
Deposit, non-resident (40%)
AED 173,880
Monthly over 25 years at 3.7%
AED 1,778

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