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3-bed · 2,671 sqftSilicon Gates 1, Dubai Silicon Oasis · 4th floor · completed 2014

B407, Silicon Gates 1

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

Unit B407 · DLD and Ejari recordsUpdated 10 July 2022
Last soldAED 3.05M8 September 2014
Current rentAED 80K /yr10 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B407, Silicon Gates 1

What is B407 worth today?

Last sold for AED 3,052,000 in 2014

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10 Jul 2022RentedNew contract
AED 80,000/yr12 months · AED 30 per sqft
20 Dec 2020RentedNew contract
AED 70,000/yr12 months · AED 26 per sqft
15 Feb 2020RentedRenewal
AED 120,000/yr12 months · AED 45 per sqft
15 Feb 2019RentedRenewal
AED 120,000/yr12 months · AED 45 per sqft
15 Feb 2018RentedRenewal
AED 120,000/yr12 months · AED 45 per sqft
15 Feb 2017RentedNew contract
AED 150,000/yr12 months · AED 56 per sqft
8 Sep 2014SoldReady
AED 3,052,000AED 1,142 per sqft
1 May 2014RentedNew contract
AED 150,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 10 July 2022.

Key facts

Type
3-bed apartment
Size
2,671 sqft
Floor
4th of 25
Parking
B3-121,B3-122
Developer
Time Properties
Completed
2014
Service charge
AED 39,900 /yr
Last sold
AED 3.05M · September 2014
Building
Silicon Gates 1

About B407, Silicon Gates 1

B407 is a three-bedroom apartment of 2,671 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 8 September 2014 for AED 3,052,000, or AED 1,142 per sqft, 28% above the AED 891 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 10 July 2022, is AED 80,000 a year: a gross yield of 2.6% on the 2014 price, before the service charge of about AED 39,900 a year.

Sales and rents for B407 over time

Sales
Unit B407, each saleTypical three-bed in Silicon Gates 1
2M20092013201720212025Typical sale price by year: 2009 AED 788,000; 2014 AED 1,512,881; 2015 AED 788,000; 2024 AED 1,330,000Sold by developer, August 2009: AED 3,052,000 (AED 1,142 per sqft)Sold, September 2014: AED 3,052,000 (AED 1,142 per sqft)

B407 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit B407, each contractTypical three-bed in Silicon Gates 1
100K150K2014201820222026Typical rent by year: 2014 AED 132,500; 2015 AED 130,000; 2016 AED 122,000; 2017 AED 120,000; 2018 AED 110,000; 2019 AED 90,000; 2020 AED 70,000; 2021 AED 78,000; 2022 AED 90,000; 2023 AED 100,000; 2024 AED 115,000; 2025 AED 116,500; 2026 AED 119,678New contract, May 2014: AED 150,000 a yearNew contract, February 2017: AED 150,000 a yearRenewal, February 2018: AED 120,000 a yearRenewal, February 2019: AED 120,000 a yearRenewal, February 2020: AED 120,000 a yearNew contract, December 2020: AED 70,000 a yearNew contract, July 2022: AED 80,000 a year

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

3-beds in Silicon Gates 1, and where B407 sits

All 28 3-beds →

B407 last sold in September 2014 at AED 1,142 per sqft, 28% above what three-beds in Silicon Gates 1 were fetching at the time (AED 891). Over the last 12 months three-beds sold for AED 1,400,000 to 2,000,000, around AED 930 per sqft, and rent for AED 100,618 to 141,000 a year. B407's AED 80,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
30 Mar 20262,000,000
12 Mar 20261,875,000
21 Nov 20251,400,000
29 Jul 20251,560,000
3 3-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 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

B407, Silicon Gates 1 in numbers

  • Sold twice: first on 11 August 2009 for AED 3,052,000, last on 8 September 2014 for AED 3,052,000 (AED 1,142 per sqft).
  • Rented since May 2014 on 7 Ejari contracts. The rent fell from AED 150,000 to AED 70,000 in 2020 and recovered to AED 80,000 by July 2022.
  • At AED 80,000 a year the gross yield on the 2014 price is 2.6%, before a service charge of about AED 39,900 a year (AED 14.94 per sqft).
  • Three-beds in Silicon Gates 1 sold for AED 1,400,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 877 per sqft.

Source: Dubai Land Department. Updated 10 July 2022.

Questions about B407, Silicon Gates 1

What did unit B407 last sell for?

AED 3,052,000 on 8 September 2014: AED 1,142 per sqft for 2,671 sqft. The unit has 2 registered sales; the first was AED 3,052,000 in August 2009.

What is the rent for unit B407?

AED 80,000 a year on the contract signed on 10 July 2022. The previous contract, from December 2020, was AED 70,000; the unit has been rented since May 2014.

How big is unit B407?

2,671 sqft (248.1 sqm): a three-bedroom apartment on the 4th floor of a 25-storey tower completed in 2014.

What is unit B407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Silicon Gates 1 sold for AED 1,400,000 to 2,000,000 in the last 12 months, around AED 930 per sqft.

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Mortgage on B407, Silicon Gates 1

Starts from the last sale price (AED 3.05M, 8 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,052,000
Deposit, UAE resident (20%)
AED 610,400
Deposit, non-resident (40%)
AED 1,220,800
Monthly over 25 years at 3.7%
AED 12,487

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