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Studio · 308 sqftSilicon Gates 1, Dubai Silicon Oasis · 12th floor · completed 2014

B-1203B, Silicon Gates 1

Sold prices and rental history: sold 3 times, last in May 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B-1203B · DLD and Ejari recordsUpdated 20 October 2023
Last soldAED 350K31 May 2015
Current rentAED 25K /yr20 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B-1203B, Silicon Gates 1

What is B-1203B worth today?

Last sold for AED 350,000 in 2015

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20 Oct 2023RentedRenewal
AED 25,200/yr12 months · AED 81 per sqft
20 Oct 2022RentedRenewal
AED 21,000/yr12 months · AED 67 per sqft
20 Oct 2021RentedNew contract
AED 18,000/yr12 months · AED 58 per sqft
1 Jul 2019RentedNew contract
AED 24,000/yr12 months · AED 78 per sqft
1 Jul 2018RentedNew contract
AED 32,000/yr12 months · AED 103 per sqft
1 Jul 2015RentedNew contract
AED 39,000/yr12 months · AED 125 per sqft
31 May 2015SoldReady
AED 350,000AED 1,136 per sqft
8 Sep 2014SoldReady
AED 289,175AED 939 per sqft

Source: Dubai Land Department. Updated 20 October 2023.

Key facts

Type
Studio apartment
Size
308 sqft
Floor
12th of 25
Parking
B2-100
Developer
Time Properties
Completed
2014
Service charge
AED 4,600 /yr
Last sold
AED 350K · May 2015
Building
Silicon Gates 1

About B-1203B, Silicon Gates 1

B-1203B is a studio of 308 sqft on the 12th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 31 May 2015 for AED 350,000, or AED 1,136 per sqft, 33% above the AED 855 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 20 October 2023, is AED 25,200 a year: a gross yield of 7.2% on the 2015 price, before the service charge of about AED 4,600 a year.

Sales and rents for B-1203B over time

Sales
Unit B-1203B, 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 289,175 (AED 939 per sqft)Sold, September 2014: AED 289,175 (AED 939 per sqft)Sold, May 2015: AED 350,000 (AED 1,136 per sqft)

B-1203B has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit B-1203B, 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, July 2015: AED 39,000 a yearNew contract, July 2018: AED 32,000 a yearNew contract, July 2019: AED 24,000 a yearNew contract, October 2021: AED 18,000 a yearRenewal, October 2022: AED 21,000 a yearRenewal, October 2023: AED 25,200 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 B-1203B sits

All 376 studios →

B-1203B last sold in May 2015 at AED 1,136 per sqft, 33% above what studios in Silicon Gates 1 were fetching at the time (AED 855). 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. B-1203B's AED 25,200 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 12th floor

All 865 units in Silicon Gates 1
Value
A-12012-bedAED 1.25M · Feb 2015
A-1202StudioAED 667K · Nov 2014
A-1203AStudioAED 435K · Feb 2025
A-1203BStudioAED 420K · Aug 2014
A-12041-bedAED 630K · Oct 2025
A-1205A1-bedAED 610K · May 2018
A-1205BStudioAED 395K · May 2025
1–7 of 40

B-1203B, Silicon Gates 1 in numbers

  • Sold 3 times: first on 17 August 2009 for AED 289,175, last on 31 May 2015 for AED 350,000 (AED 1,136 per sqft).
  • Rented since July 2015 on 6 Ejari contracts. The rent fell from AED 39,000 to AED 18,000 in 2021 and recovered to AED 25,200 by October 2023.
  • At AED 25,200 a year the gross yield on the 2015 price is 7.2%, before a service charge of about AED 4,600 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 20 October 2023.

Questions about B-1203B, Silicon Gates 1

What did unit B-1203B last sell for?

AED 350,000 on 31 May 2015: AED 1,136 per sqft for 308 sqft. The unit has 3 registered sales; the first was AED 289,175 in August 2009.

What is the rent for unit B-1203B?

AED 25,200 a year on the contract renewed on 20 October 2023. The previous contract, from October 2022, was AED 21,000; the unit has been rented since July 2015.

How big is unit B-1203B?

308 sqft (28.6 sqm): a studio on the 12th floor of a 25-storey tower completed in 2014.

What is unit B-1203B 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 B-1203B, Silicon Gates 1

Starts from the last sale price (AED 350K, 31 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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