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Studio · 490 sqftSilicon Gates 1, Dubai Silicon Oasis · 4th floor · completed 2014

B406, Silicon Gates 1

Sold prices and rental history: sold 3 times, last in March 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B406 · DLD and Ejari recordsUpdated 19 August 2023
Last soldAED 280K15 March 2022
Current rentAED 39K /yr19 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B406, Silicon Gates 1

What is B406 worth today?

Last sold for AED 280,000 in 2022

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19 Aug 2023RentedNew contract
AED 39,000/yr12 months · AED 79 per sqft
10 Aug 2022RentedNew contract
AED 32,000/yr12 months · AED 65 per sqft
15 Mar 2022SoldReady
AED 280,000AED 571 per sqft
10 Sep 2021RentedNew contract
AED 25,000/yr12 months · AED 50 per sqft
30 May 2018SoldReady
AED 380,000AED 775 per sqft
25 Jan 2016RentedRenewal
AED 50,000/yr12 months · AED 101 per sqft
25 Jan 2015RentedNew contract
AED 50,000/yr12 months · AED 101 per sqft
12 Nov 2014Sold by developerReady
AED 388,674AED 792 per sqft

Source: Dubai Land Department. Updated 19 August 2023.

Key facts

Type
Studio apartment
Size
490 sqft
Floor
4th of 25
Parking
B3-278
Developer
Time Properties
Completed
2014
Service charge
AED 7,300 /yr
Last sold
AED 280K · March 2022
Building
Silicon Gates 1

About B406, Silicon Gates 1

B406 is a studio of 490 sqft on the 4th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 15 March 2022 for AED 280,000, or AED 571 per sqft, 10% below the AED 633 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 19 August 2023, is AED 39,000 a year: a gross yield of 13.9% on the 2022 price, before the service charge of about AED 7,300 a year.

Sales and rents for B406 over time

Sales
Unit B406, 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, November 2014: AED 388,674 (AED 792 per sqft)Sold, May 2018: AED 380,000 (AED 775 per sqft)Sold, March 2022: AED 280,000 (AED 571 per sqft)

B406 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit B406, 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, January 2015: AED 50,000 a yearRenewal, January 2016: AED 50,000 a yearNew contract, September 2021: AED 25,000 a yearNew contract, August 2022: AED 32,000 a yearNew contract, August 2023: AED 39,000 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 B406 sits

All 376 studios →

B406 last sold in March 2022 at AED 571 per sqft, 10% below what studios in Silicon Gates 1 were fetching at the time (AED 633). 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. B406's AED 39,000 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 4th floor

All 865 units in Silicon Gates 1
Value
A4012-bedAED 942K · Jun 2015
A402StudioAED 325K · Sep 2023
A403AStudioAED 442K · Sep 2014
A403BStudioAED 290K · Nov 2022
A4041-bedAED 695K · Feb 2016
A405A1-bedAED 680K · Aug 2014
A405BStudioAED 370K · Jul 2025
1–7 of 41

B406, Silicon Gates 1 in numbers

  • Sold 3 times: first on 12 November 2014 for AED 388,674, last on 15 March 2022 for AED 280,000 (AED 571 per sqft).
  • Rented since January 2015 on 5 Ejari contracts. The rent fell from AED 50,000 to AED 25,000 in 2021 and recovered to AED 39,000 by August 2023.
  • At AED 39,000 a year the gross yield on the 2022 price is 13.9%, before a service charge of about AED 7,300 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 19 August 2023.

Questions about B406, Silicon Gates 1

What did unit B406 last sell for?

AED 280,000 on 15 March 2022: AED 571 per sqft for 490 sqft. The unit has 3 registered sales; the first was AED 388,674 in November 2014.

What is the rent for unit B406?

AED 39,000 a year on the contract signed on 19 August 2023. The previous contract, from August 2022, was AED 32,000; the unit has been rented since January 2015.

How big is unit B406?

490 sqft (45.5 sqm): a studio on the 4th floor of a 25-storey tower completed in 2014.

What is unit B406 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 B406, Silicon Gates 1

Starts from the last sale price (AED 280K, 15 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 280,000
Deposit, UAE resident (20%)
AED 56,000
Deposit, non-resident (40%)
AED 112,000
Monthly over 25 years at 3.7%
AED 1,146

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