2-bed · 1,124 sqftSilicon Gates 1, Dubai Silicon Oasis · 25th floor · completed 2014

A-2503, Silicon Gates 1

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A-2503 · DLD and Ejari recordsUpdated 21 November 2023
Last soldAED 660K21 November 2023
Current rentAED 50K /yr5 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A-2503, Silicon Gates 1

What is A-2503 worth today?

Last sold for AED 660,000 in 2023

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21 Nov 2023SoldReady
AED 660,000AED 587 per sqft
5 May 2023RentedNew contract
AED 50,000/yr12 months · AED 45 per sqft
1 Feb 2021RentedNew contract
AED 44,000/yr12 months · AED 39 per sqft
5 Dec 2020RentedRenewal
AED 45,000/yr12 months · AED 40 per sqft
4 Dec 2019RentedNew contract
AED 44,879/yr12 months · AED 40 per sqft
2 Sep 2014Sold by developerReady
AED 943,673AED 839 per sqft

Source: Dubai Land Department. Updated 21 November 2023.

Key facts

Type
2-bed apartment
Size
1,124 sqft
Floor
25th of 25
Parking
B1-82
Developer
Time Properties
Completed
2014
Service charge
AED 16,800 /yr
Last sold
AED 660K · November 2023

About A-2503, Silicon Gates 1

A-2503 is a two-bedroom apartment of 1,124 sqft on the 25th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 21 November 2023 for AED 660,000, or AED 587 per sqft, in line with the AED 587 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 5 May 2023, is AED 50,000 a year: a gross yield of 7.6% on the 2023 price, before the service charge of about AED 16,800 a year.

Sales and rents for A-2503 over time

Sales
Unit A-2503, each saleTypical two-bed in Silicon Gates 1
500K750K1M2009201420192024Typical 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, September 2014: AED 943,673 (AED 839 per sqft)Sold, November 2023: AED 660,000 (AED 587 per sqft)

A-2503 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit A-2503, 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, December 2019: AED 44,879 a yearRenewal, December 2020: AED 45,000 a yearNew contract, February 2021: AED 44,000 a yearNew contract, May 2023: AED 50,000 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-2503 sits

All 88 2-beds →

A-2503 last sold in November 2023 at AED 587 per sqft, in line with what two-beds in Silicon Gates 1 were fetching at the time (AED 587). 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-2503's AED 50,000 is at the bottom 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 25th floor

All 865 units in Silicon Gates 1
Value
A-2501StudioAED 295K · Sep 2023
A-25022-bedAED 979K · Aug 2014
A-25041-bedAED 590K · Mar 2018
A-25053-bedAED 1.34M · Jun 2015
C-2501StudioAED 309K · Nov 2014
C-25022-bedAED 931K · Aug 2014
C-25032-bedAED 891K · Sep 2014
1–7 of 10

A-2503, Silicon Gates 1 in numbers

  • Sold twice: first on 2 September 2014 for AED 943,673, last on 21 November 2023 for AED 660,000 (AED 587 per sqft).
  • Rented since December 2019 on 4 Ejari contracts, from AED 44,879 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 7.6%, before a service charge of about AED 16,800 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 21 November 2023.

Questions about A-2503, Silicon Gates 1

What did unit A-2503 last sell for?

AED 660,000 on 21 November 2023: AED 587 per sqft for 1,124 sqft. The unit has 2 registered sales; the first was AED 943,673 in September 2014.

What is the rent for unit A-2503?

AED 50,000 a year on the contract signed on 5 May 2023. The previous contract, from February 2021, was AED 44,000; the unit has been rented since December 2019.

How big is unit A-2503?

1,124 sqft (104.4 sqm): a two-bedroom apartment on the 25th floor of a 25-storey tower completed in 2014.

What is unit A-2503 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-2503, Silicon Gates 1

Starts from the last sale price (AED 660K, 21 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 660,000
Deposit, UAE resident (20%)
AED 132,000
Deposit, non-resident (40%)
AED 264,000
Monthly over 25 years at 3.7%
AED 2,700

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