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2-bed · 1,130 sqftSilicon Gates 1, Dubai Silicon Oasis · 12th floor · completed 2014

C-1204, Silicon Gates 1

Sold prices and rental history: sold 3 times, last in April 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit C-1204 · DLD and Ejari recordsUpdated 11 April 2022
Last soldAED 595K11 April 2022
Current rentAED 45K /yr20 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for C-1204, Silicon Gates 1

What is C-1204 worth today?

Last sold for AED 595,000 in 2022

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11 Apr 2022SoldReady
AED 595,000AED 526 per sqft
20 Jul 2021RentedRenewal
AED 45,000/yr12 months · AED 40 per sqft
20 Jul 2020RentedNew contract
AED 45,000/yr12 months · AED 40 per sqft
1 Jun 2019RentedNew contract
AED 62,000/yr12 months · AED 55 per sqft
1 Jun 2018RentedNew contract
AED 68,000/yr12 months · AED 60 per sqft
11 Sep 2014SoldReady
AED 820,000AED 725 per sqft
17 Aug 2009Sold by developerOff-plan
AED 820,000AED 725 per sqft

Source: Dubai Land Department. Updated 11 April 2022.

Key facts

Type
2-bed apartment
Size
1,130 sqft
Floor
12th of 25
Parking
B1-224
Developer
Time Properties
Completed
2014
Service charge
AED 16,900 /yr
Last sold
AED 595K · April 2022
Building
Silicon Gates 1

About C-1204, Silicon Gates 1

C-1204 is a two-bedroom apartment of 1,130 sqft on the 12th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 11 April 2022 for AED 595,000, or AED 526 per sqft, 4% above the AED 507 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 20 July 2021, is AED 45,000 a year: a gross yield of 7.6% on the 2022 price, before the service charge of about AED 16,900 a year.

Sales and rents for C-1204 over time

Sales
Unit C-1204, each saleTypical two-bed in Silicon Gates 1
500K750K1M2009201420192024Typical sale price by year: 2009 AED 1,014,000; 2013 AED 978,516; 2014 AED 992,752; 2015 AED 988,000; 2016 AED 874,000; 2020 AED 555,000; 2021 AED 709,000; 2022 AED 720,000; 2023 AED 720,000; 2024 AED 955,000; 2025 AED 950,000Sold by developer, August 2009: AED 820,000 (AED 725 per sqft)Sold, September 2014: AED 820,000 (AED 725 per sqft)Sold, April 2022: AED 595,000 (AED 526 per sqft)

C-1204 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit C-1204, each contractTypical two-bed in Silicon Gates 1
50K75K100K2014201820222026Typical rent by year: 2014 AED 92,000; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 85,000; 2018 AED 75,000; 2019 AED 65,000; 2020 AED 55,000; 2021 AED 50,000; 2022 AED 55,000; 2023 AED 60,500; 2024 AED 68,000; 2025 AED 75,000; 2026 AED 76,000New contract, June 2018: AED 68,000 a yearNew contract, June 2019: AED 62,000 a yearNew contract, July 2020: AED 45,000 a yearRenewal, July 2021: AED 45,000 a year

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

2-beds in Silicon Gates 1, and where C-1204 sits

All 88 2-beds →

C-1204 last sold in April 2022 at AED 526 per sqft, 4% above what two-beds in Silicon Gates 1 were fetching at the time (AED 507). Over the last 12 months two-beds sold for AED 1,040,000 to 1,280,000, around AED 866 per sqft, and rent for AED 50,000 to 105,000 a year. C-1204's AED 45,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20261,280,000
9 Sep 20261,050,000
22 Dec 20251,040,000
5 Dec 20251,250,000
4 2-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 12th floor

All 865 units in Silicon Gates 1
Value
A-12012-bedAED 1.25M · Feb 2015
A-1202StudioAED 667K · Nov 2014
A-1203AStudioAED 435K · Feb 2025
A-1203BStudioAED 420K · Aug 2014
A-12041-bedAED 630K · Oct 2025
A-1205A1-bedAED 610K · May 2018
A-1205BStudioAED 395K · May 2025
1–7 of 40

C-1204, Silicon Gates 1 in numbers

  • Sold 3 times: first on 17 August 2009 for AED 820,000, last on 11 April 2022 for AED 595,000 (AED 526 per sqft).
  • Rented since June 2018 on 4 Ejari contracts, from AED 68,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2022 price is 7.6%, before a service charge of about AED 16,900 a year (AED 14.94 per sqft).
  • Two-beds in Silicon Gates 1 sold for AED 1,040,000–1,280,000 in the 12 months to November 2026; the building's median across all types is AED 877 per sqft.

Source: Dubai Land Department. Updated 11 April 2022.

Questions about C-1204, Silicon Gates 1

What did unit C-1204 last sell for?

AED 595,000 on 11 April 2022: AED 526 per sqft for 1,130 sqft. The unit has 3 registered sales; the first was AED 820,000 in August 2009.

What is the rent for unit C-1204?

AED 45,000 a year on the contract renewed on 20 July 2021. The previous contract, from July 2020, was AED 45,000; the unit has been rented since June 2018.

How big is unit C-1204?

1,130 sqft (105.0 sqm): a two-bedroom apartment on the 12th floor of a 25-storey tower completed in 2014.

What is unit C-1204 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Silicon Gates 1 sold for AED 1,040,000 to 1,280,000 in the last 12 months, around AED 866 per sqft.

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Mortgage on C-1204, Silicon Gates 1

Starts from the last sale price (AED 595K, 11 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 595,000
Deposit, UAE resident (20%)
AED 119,000
Deposit, non-resident (40%)
AED 238,000
Monthly over 25 years at 3.7%
AED 2,434

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