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Studio · 421 sqftSilicon Gates 1, Dubai Silicon Oasis · 5th floor · completed 2014

B509B, Silicon Gates 1

Sold prices and rental history: sold 4 times, last in March 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B509B · DLD and Ejari recordsUpdated 4 March 2024
Last soldAED 405K4 March 2024
Current rentAED 42K /yr10 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B509B, Silicon Gates 1

What is B509B worth today?

Last sold for AED 405,000 in 2024

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4 Mar 2024SoldReady
AED 405,000AED 961 per sqft
10 Jan 2024RentedNew contract
AED 42,000/yr12 months · AED 100 per sqft
10 Jan 2022RentedNew contract
AED 36,000/yr12 months · AED 85 per sqft
11 Mar 2020SoldReady
AED 280,000AED 664 per sqft
10 Aug 2019RentedRenewal
AED 34,000/yr12 months · AED 81 per sqft
10 Aug 2018RentedNew contract
AED 38,000/yr12 months · AED 90 per sqft
28 Feb 2017RentedNew contract
AED 45,000/yr12 months · AED 107 per sqft
28 May 2016RentedRenewal
AED 45,000/yr12 months · AED 107 per sqft

Source: Dubai Land Department. Updated 4 March 2024.

Key facts

Type
Studio apartment
Size
421 sqft
Floor
5th of 25
Parking
B3-251
Developer
Time Properties
Completed
2014
Service charge
AED 6,300 /yr
Last sold
AED 405K · March 2024
Building
Silicon Gates 1

About B509B, Silicon Gates 1

B509B is a studio of 421 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 4 March 2024 for AED 405,000, or AED 961 per sqft, 25% above the AED 766 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 10 January 2024, is AED 42,000 a year: a gross yield of 10.4% on the 2024 price, before the service charge of about AED 6,300 a year.

Sales and rents for B509B over time

Sales
Unit B509B, 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 321,070 (AED 762 per sqft)Sold, September 2014: AED 321,070 (AED 762 per sqft)Sold, March 2020: AED 280,000 (AED 664 per sqft)Sold, March 2024: AED 405,000 (AED 961 per sqft)

B509B has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit B509B, 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, May 2015: AED 45,000 a yearRenewal, May 2016: AED 45,000 a yearNew contract, February 2017: AED 45,000 a yearNew contract, August 2018: AED 38,000 a yearRenewal, August 2019: AED 34,000 a yearNew contract, January 2022: AED 36,000 a yearNew contract, January 2024: AED 42,000 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 B509B sits

All 376 studios →

B509B last sold in March 2024 at AED 961 per sqft, 25% above what studios in Silicon Gates 1 were fetching at the time (AED 766). 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. B509B's AED 42,000 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 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

B509B, Silicon Gates 1 in numbers

  • Sold 4 times: first on 9 August 2009 for AED 321,070, last on 4 March 2024 for AED 405,000 (AED 961 per sqft).
  • Rented since May 2015 on 7 Ejari contracts. The rent fell from AED 45,000 to AED 34,000 in 2019 and recovered to AED 42,000 by January 2024.
  • At AED 42,000 a year the gross yield on the 2024 price is 10.4%, before a service charge of about AED 6,300 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 4 March 2024.

Questions about B509B, Silicon Gates 1

What did unit B509B last sell for?

AED 405,000 on 4 March 2024: AED 961 per sqft for 421 sqft. The unit has 4 registered sales; the first was AED 321,070 in August 2009.

What is the rent for unit B509B?

AED 42,000 a year on the contract signed on 10 January 2024. The previous contract, from January 2022, was AED 36,000; the unit has been rented since May 2015.

How big is unit B509B?

421 sqft (39.1 sqm): a studio on the 5th floor of a 25-storey tower completed in 2014.

What is unit B509B 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 B509B, Silicon Gates 1

Starts from the last sale price (AED 405K, 4 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 405,000
Deposit, UAE resident (20%)
AED 81,000
Deposit, non-resident (40%)
AED 162,000
Monthly over 25 years at 3.7%
AED 1,657

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