Home
Dubai prices
About
Research
1-bed · 786 sqftSilicon Gates 1, Dubai Silicon Oasis · 16th floor · completed 2014

B-1602, Silicon Gates 1

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

Unit B-1602 · DLD and Ejari recordsUpdated 23 March 2024
Last soldAED 603K21 August 2014
Current rentAED 53K /yr23 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow B-1602

Property timeline for B-1602, Silicon Gates 1

What is B-1602 worth today?

Last sold for AED 602,955 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

23 Mar 2024RentedNew contract
AED 53,000/yr12 months · AED 67 per sqft
15 Jul 2023RentedNew contract
AED 40,000/yr12 months · AED 51 per sqft
10 Feb 2021RentedNew contract
AED 30,000/yr12 months · AED 38 per sqft
1 Sep 2019RentedNew contract
AED 48,000/yr12 months · AED 61 per sqft
25 Aug 2018RentedRenewal
AED 52,000/yr12 months · AED 66 per sqft
25 Aug 2017RentedNew contract
AED 55,000/yr12 months · AED 70 per sqft
28 Apr 2015RentedNew contract
AED 65,000/yr12 months · AED 83 per sqft
21 Aug 2014SoldReady
AED 602,955AED 767 per sqft

Source: Dubai Land Department. Updated 23 March 2024.

Key facts

Type
1-bed apartment
Size
786 sqft
Floor
16th of 25
Parking
B1-100
Developer
Time Properties
Completed
2014
Service charge
AED 11,700 /yr
Last sold
AED 603K · August 2014
Building
Silicon Gates 1

About B-1602, Silicon Gates 1

B-1602 is a one-bedroom apartment of 786 sqft on the 16th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 21 August 2014 for AED 602,955, or AED 767 per sqft, 8% below the AED 833 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 23 March 2024, is AED 53,000 a year: a gross yield of 8.8% on the 2014 price, before the service charge of about AED 11,700 a year.

Sales and rents for B-1602 over time

Sales
Unit B-1602, each saleTypical one-bed in Silicon Gates 1
400K600K2009201420192024Typical sale price by year: 2009 AED 638,000; 2011 AED 656,541; 2013 AED 579,802; 2014 AED 681,000; 2015 AED 652,500; 2016 AED 600,000; 2017 AED 630,000; 2018 AED 550,000; 2019 AED 425,000; 2020 AED 320,000; 2021 AED 389,500; 2022 AED 405,000; 2023 AED 447,500; 2024 AED 530,000; 2025 AED 615,000; 2026 AED 660,000Sold by developer, September 2013: AED 602,955 (AED 767 per sqft)Sold, August 2014: AED 602,955 (AED 767 per sqft)

B-1602 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit B-1602, each contractTypical one-bed in Silicon Gates 1
40K60K2014201820222026Typical rent by year: 2014 AED 64,826; 2015 AED 65,000; 2016 AED 65,000; 2017 AED 60,000; 2018 AED 50,000; 2019 AED 42,000; 2020 AED 34,000; 2021 AED 30,000; 2022 AED 34,000; 2023 AED 39,789; 2024 AED 45,000; 2025 AED 50,250; 2026 AED 55,000New contract, May 2014: AED 45,000 a yearNew contract, April 2015: AED 65,000 a yearNew contract, August 2017: AED 55,000 a yearRenewal, August 2018: AED 52,000 a yearNew contract, September 2019: AED 48,000 a yearNew contract, February 2021: AED 30,000 a yearNew contract, July 2023: AED 40,000 a yearNew contract, March 2024: AED 53,000 a year

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

1-beds in Silicon Gates 1, and where B-1602 sits

All 371 1-beds →

B-1602 last sold in August 2014 at AED 767 per sqft, 8% below what one-beds in Silicon Gates 1 were fetching at the time (AED 833). Over the last 12 months one-beds sold for AED 343,480 to 750,000, around AED 769 per sqft, and rent for AED 35,801 to 80,000 a year. B-1602's AED 53,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Oct 2026540,696
14 Oct 2026706,000
2 Oct 2026675,000
17 Sep 2026550,000
30 1-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 16th floor

All 865 units in Silicon Gates 1
Value
A-16012-bedAED 960K · Jun 2025
A-1602StudioAED 430K · Feb 2026
A-1603AStudioAED 245K · Apr 2021
A-1603BStudioAED 272K · Nov 2014
A-1604A1-bedAED 590K · Dec 2024
A-16051-bedAED 740K · Oct 2014
A-1606StudioAED 450K · Nov 2014
1–7 of 34

B-1602, Silicon Gates 1 in numbers

  • Sold twice: first on 18 September 2013 for AED 602,955, last on 21 August 2014 for AED 602,955 (AED 767 per sqft).
  • Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 45,000 to AED 30,000 in 2021 and recovered to AED 53,000 by March 2024.
  • At AED 53,000 a year the gross yield on the 2014 price is 8.8%, before a service charge of about AED 11,700 a year (AED 14.94 per sqft).
  • One-beds in Silicon Gates 1 sold for AED 343,480–750,000 in the 12 months to November 2026; the building's median across all types is AED 877 per sqft.

Source: Dubai Land Department. Updated 23 March 2024.

Questions about B-1602, Silicon Gates 1

What did unit B-1602 last sell for?

AED 602,955 on 21 August 2014: AED 767 per sqft for 786 sqft. The unit has 2 registered sales; the first was AED 602,955 in September 2013.

What is the rent for unit B-1602?

AED 53,000 a year on the contract signed on 23 March 2024. The previous contract, from July 2023, was AED 40,000; the unit has been rented since May 2014.

How big is unit B-1602?

786 sqft (73.0 sqm): a one-bedroom apartment on the 16th floor of a 25-storey tower completed in 2014.

What is unit B-1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Silicon Gates 1 sold for AED 343,480 to 750,000 in the last 12 months, around AED 769 per sqft.

Selling B-1602? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on B-1602, Silicon Gates 1

Starts from the last sale price (AED 603K, 21 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 602,955
Deposit, UAE resident (20%)
AED 120,591
Deposit, non-resident (40%)
AED 241,182
Monthly over 25 years at 3.7%
AED 2,467

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