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1-bed · 849 sqftSilicon Gates 1, Dubai Silicon Oasis · 5th floor · completed 2014

B508, Silicon Gates 1

Sold prices and rental history: sold twice, last in December 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B508 · DLD and Ejari recordsUpdated 10 October 2024
Last soldAED 603K8 December 2014
Current rentAED 39K /yr10 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B508, Silicon Gates 1

What is B508 worth today?

Last sold for AED 603,000 in 2014

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10 Oct 2024RentedNew contract
AED 39,000/yr12 months · AED 46 per sqft
17 Oct 2023RentedRenewal
AED 36,000/yr12 months · AED 42 per sqft
17 Oct 2022RentedNew contract
AED 32,000/yr12 months · AED 38 per sqft
10 Oct 2021RentedNew contract
AED 30,000/yr12 months · AED 35 per sqft
25 Aug 2020RentedNew contract
AED 35,000/yr12 months · AED 41 per sqft
1 Aug 2019RentedNew contract
AED 40,000/yr12 months · AED 47 per sqft
15 Dec 2018RentedNew contract
AED 46,000/yr12 months · AED 54 per sqft
1 Jul 2018RentedNew contract
AED 50,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 10 October 2024.

Key facts

Type
1-bed apartment
Size
849 sqft
Floor
5th of 25
Parking
B3-266
Developer
Time Properties
Completed
2014
Service charge
AED 12,700 /yr
Last sold
AED 603K · December 2014
Building
Silicon Gates 1

About B508, Silicon Gates 1

B508 is a one-bedroom apartment of 849 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 8 December 2014 for AED 603,000, or AED 710 per sqft, 14% below the AED 825 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 10 October 2024, is AED 39,000 a year: a gross yield of 6.5% on the 2014 price, before the service charge of about AED 12,700 a year.

Sales and rents for B508 over time

Sales
Unit B508, 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, August 2009: AED 603,000 (AED 710 per sqft)Sold, December 2014: AED 603,000 (AED 710 per sqft)

B508 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit B508, 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 2015: AED 65,000 a yearNew contract, July 2018: AED 50,000 a yearNew contract, December 2018: AED 46,000 a yearNew contract, August 2019: AED 40,000 a yearNew contract, August 2020: AED 35,000 a yearNew contract, October 2021: AED 30,000 a yearNew contract, October 2022: AED 32,000 a yearRenewal, October 2023: AED 36,000 a yearNew contract, October 2024: AED 39,000 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 B508 sits

All 371 1-beds →

B508 last sold in December 2014 at AED 710 per sqft, 14% below what one-beds in Silicon Gates 1 were fetching at the time (AED 825). 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. B508's AED 39,000 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 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

B508, Silicon Gates 1 in numbers

  • Sold twice: first on 9 August 2009 for AED 603,000, last on 8 December 2014 for AED 603,000 (AED 710 per sqft).
  • Rented since May 2015 on 9 Ejari contracts. The rent fell from AED 65,000 to AED 30,000 in 2021 and recovered to AED 39,000 by October 2024.
  • At AED 39,000 a year the gross yield on the 2014 price is 6.5%, before a service charge of about AED 12,700 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 10 October 2024.

Questions about B508, Silicon Gates 1

What did unit B508 last sell for?

AED 603,000 on 8 December 2014: AED 710 per sqft for 849 sqft. The unit has 2 registered sales; the first was AED 603,000 in August 2009.

What is the rent for unit B508?

AED 39,000 a year on the contract signed on 10 October 2024. The previous contract, from October 2023, was AED 36,000; the unit has been rented since May 2015.

How big is unit B508?

849 sqft (78.9 sqm): a one-bedroom apartment on the 5th floor of a 25-storey tower completed in 2014.

What is unit B508 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.

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Mortgage on B508, Silicon Gates 1

Starts from the last sale price (AED 603K, 8 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 603,000
Deposit, UAE resident (20%)
AED 120,600
Deposit, non-resident (40%)
AED 241,200
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 →