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Studio · 442 sqftSilicon Gates 1, Dubai Silicon Oasis · 6th floor · completed 2014

C-602, Silicon Gates 1

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit C-602 · DLD and Ejari recordsUpdated 10 December 2024
Last soldAED 300K5 August 2024
Current rentAED 35K /yr10 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for C-602, Silicon Gates 1

What is C-602 worth today?

Last sold for AED 300,000 in 2024

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10 Dec 2024RentedNew contract
AED 35,000/yr12 months · AED 79 per sqft
5 Aug 2024SoldReady
AED 300,000AED 679 per sqft
7 Dec 2022RentedNew contract
AED 29,000/yr12 months · AED 66 per sqft
1 Jun 2022RentedNew contract
AED 27,000/yr12 months · AED 61 per sqft
23 Oct 2018RentedNew contract
AED 39,000/yr12 months · AED 88 per sqft
5 Sep 2014RentedNew contract
AED 43,434/yr12 months · AED 98 per sqft
25 Aug 2014SoldReady
AED 317,600AED 719 per sqft
10 Aug 2009Sold by developerOff-plan
AED 317,600AED 719 per sqft

Source: Dubai Land Department. Updated 10 December 2024.

Key facts

Type
Studio apartment
Size
442 sqft
Floor
6th of 25
Parking
B3-269
Developer
Time Properties
Completed
2014
Service charge
AED 6,600 /yr
Last sold
AED 300K · August 2024
Building
Silicon Gates 1

About C-602, Silicon Gates 1

C-602 is a studio of 442 sqft on the 6th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 5 August 2024 for AED 300,000, or AED 679 per sqft, 15% below the AED 802 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 10 December 2024, is AED 35,000 a year: a gross yield of 11.7% on the 2024 price, before the service charge of about AED 6,600 a year.

Sales and rents for C-602 over time

Sales
Unit C-602, 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 317,600 (AED 719 per sqft)Sold, August 2014: AED 317,600 (AED 719 per sqft)Sold, August 2024: AED 300,000 (AED 679 per sqft)

C-602 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit C-602, 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, September 2014: AED 43,434 a yearNew contract, October 2018: AED 39,000 a yearNew contract, June 2022: AED 27,000 a yearNew contract, December 2022: AED 29,000 a yearNew contract, December 2024: AED 35,000 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 C-602 sits

All 376 studios →

C-602 last sold in August 2024 at AED 679 per sqft, 15% below what studios in Silicon Gates 1 were fetching at the time (AED 802). 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. C-602's AED 35,000 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 6th floor

All 865 units in Silicon Gates 1
Value
A-6012-bedAED 1.17M · Dec 2024
A-602StudioAED 378K · Nov 2014
A-603AStudioAED 370K · May 2016
A-603BStudioAED 460K · Nov 2016
A-6041-bedAED 275K · Apr 2022
A-605A1-bedAED 809K · Aug 2014
A-605BStudioAED 400K · Sep 2017
1–7 of 41

C-602, Silicon Gates 1 in numbers

  • Sold 3 times: first on 10 August 2009 for AED 317,600, last on 5 August 2024 for AED 300,000 (AED 679 per sqft).
  • Rented since September 2014 on 5 Ejari contracts. The rent fell from AED 43,434 to AED 27,000 in 2022 and recovered to AED 35,000 by December 2024.
  • At AED 35,000 a year the gross yield on the 2024 price is 11.7%, before a service charge of about AED 6,600 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 10 December 2024.

Questions about C-602, Silicon Gates 1

What did unit C-602 last sell for?

AED 300,000 on 5 August 2024: AED 679 per sqft for 442 sqft. The unit has 3 registered sales; the first was AED 317,600 in August 2009.

What is the rent for unit C-602?

AED 35,000 a year on the contract signed on 10 December 2024. The previous contract, from December 2022, was AED 29,000; the unit has been rented since September 2014.

How big is unit C-602?

442 sqft (41.1 sqm): a studio on the 6th floor of a 25-storey tower completed in 2014.

What is unit C-602 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 C-602, Silicon Gates 1

Starts from the last sale price (AED 300K, 5 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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