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Studio · 447 sqftSilicon Gates 1, Dubai Silicon Oasis · 5th floor · completed 2014

A508, Silicon Gates 1

Sold prices and rental history: sold twice, last in February 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A508 · DLD and Ejari recordsUpdated 2 March 2024
Last soldAED 300K25 February 2015
Current rentAED 36K /yr2 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for A508, Silicon Gates 1

What is A508 worth today?

Last sold for AED 300,000 in 2015

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2 Mar 2024RentedNew contract
AED 36,000/yr12 months · AED 80 per sqft
1 Mar 2023RentedNew contract
AED 29,000/yr12 months · AED 64 per sqft
5 Nov 2020RentedNew contract
AED 21,500/yr12 months · AED 48 per sqft
27 Sep 2019RentedNew contract
AED 28,000/yr12 months · AED 62 per sqft
12 Feb 2019RentedNew contract
AED 30,000/yr12 months · AED 66 per sqft
20 Jan 2018RentedRenewal
AED 41,000/yr12 months · AED 91 per sqft
20 Jan 2017RentedNew contract
AED 45,000/yr12 months · AED 100 per sqft
22 Feb 2016RentedNew contract
AED 45,000/yr12 months · AED 100 per sqft

Source: Dubai Land Department. Updated 2 March 2024.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
5th of 25
Parking
B3-290
Developer
Time Properties
Completed
2014
Service charge
AED 6,700 /yr
Last sold
AED 300K · February 2015
Building
Silicon Gates 1

About A508, Silicon Gates 1

A508 is a studio of 447 sqft on the 5th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 25 February 2015 for AED 300,000, or AED 671 per sqft, 23% below the AED 867 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 2 March 2024, is AED 36,000 a year: a gross yield of 12.0% on the 2015 price, before the service charge of about AED 6,700 a year.

Sales and rents for A508 over time

Sales
Unit A508, 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 300,000 (AED 671 per sqft)Sold, February 2015: AED 300,000 (AED 671 per sqft)

A508 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit A508, 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, February 2016: AED 45,000 a yearNew contract, January 2017: AED 45,000 a yearRenewal, January 2018: AED 41,000 a yearNew contract, February 2019: AED 30,000 a yearNew contract, September 2019: AED 28,000 a yearNew contract, November 2020: AED 21,500 a yearNew contract, March 2023: AED 29,000 a yearNew contract, March 2024: AED 36,000 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 A508 sits

All 376 studios →

A508 last sold in February 2015 at AED 671 per sqft, 23% below what studios in Silicon Gates 1 were fetching at the time (AED 867). 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. A508's AED 36,000 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 5th floor

All 865 units in Silicon Gates 1
Value
A5012-bedAED 989K · Nov 2014
A502StudioAED 360K · Mar 2023
A503AStudioAED 400K · Nov 2014
A503BStudioAED 363K · Aug 2014
A5041-bedAED 529K · May 2015
A505A1-bedAED 823K · Jan 2015
A505BStudioAED 380K · Apr 2026
1–7 of 42

A508, Silicon Gates 1 in numbers

  • Sold twice: first on 9 August 2009 for AED 300,000, last on 25 February 2015 for AED 300,000 (AED 671 per sqft).
  • Rented since February 2016 on 8 Ejari contracts. The rent fell from AED 45,000 to AED 21,500 in 2020 and recovered to AED 36,000 by March 2024.
  • At AED 36,000 a year the gross yield on the 2015 price is 12.0%, before a service charge of about AED 6,700 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 2 March 2024.

Questions about A508, Silicon Gates 1

What did unit A508 last sell for?

AED 300,000 on 25 February 2015: AED 671 per sqft for 447 sqft. The unit has 2 registered sales; the first was AED 300,000 in August 2009.

What is the rent for unit A508?

AED 36,000 a year on the contract signed on 2 March 2024. The previous contract, from March 2023, was AED 29,000; the unit has been rented since February 2016.

How big is unit A508?

447 sqft (41.5 sqm): a studio on the 5th floor of a 25-storey tower completed in 2014.

What is unit A508 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 A508, Silicon Gates 1

Starts from the last sale price (AED 300K, 25 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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