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2-bed · 1,196 sqftSilicon Gates 1, Dubai Silicon Oasis · 3rd floor · completed 2014

C304, Silicon Gates 1

Sold prices and rental history: sold 3 times, last in October 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit C304 · DLD and Ejari recordsUpdated 28 October 2022
Last soldAED 300K28 October 2022
Current rentAED 53K /yr15 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for C304, Silicon Gates 1

What is C304 worth today?

Last sold for AED 300,000 in 2022

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28 Oct 2022SoldReady · flagged as an outlier
AED 300,000AED 250 per sqft
15 Oct 2020RentedNew contract
AED 53,000/yr12 months · AED 44 per sqft
20 Oct 2019RentedNew contract
AED 60,000/yr12 months · AED 50 per sqft
15 Oct 2018RentedNew contract
AED 64,000/yr12 months · AED 54 per sqft
5 Nov 2017RentedNew contract
AED 75,000/yr12 months · AED 63 per sqft
6 Nov 2014SoldReady
AED 814,000AED 680 per sqft
11 Aug 2009Sold by developerOff-plan
AED 814,000AED 680 per sqft

Source: Dubai Land Department. Updated 28 October 2022.

Key facts

Type
2-bed apartment
Size
1,196 sqft
Floor
3rd of 25
Parking
B1-128
Developer
Time Properties
Completed
2014
Service charge
AED 17,900 /yr
Last sold
AED 300K · October 2022
Building
Silicon Gates 1

About C304, Silicon Gates 1

C304 is a two-bedroom apartment of 1,196 sqft on the 3rd floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 28 October 2022 for AED 300,000, or AED 250 per sqft, 51% below the AED 515 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 15 October 2020, is AED 53,000 a year: a gross yield of 17.7% on the 2022 price, before the service charge of about AED 17,900 a year.

Sales and rents for C304 over time

Sales
Unit C304, 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 814,000 (AED 680 per sqft)Sold, November 2014: AED 814,000 (AED 680 per sqft)

C304 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit C304, 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, November 2017: AED 75,000 a yearNew contract, October 2018: AED 64,000 a yearNew contract, October 2019: AED 60,000 a yearNew contract, October 2020: AED 53,000 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 C304 sits

All 88 2-beds →

C304 last sold in October 2022 at AED 250 per sqft, 51% below what two-beds in Silicon Gates 1 were fetching at the time (AED 515). 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. C304's AED 53,000 is in the lower half 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 3rd floor

All 865 units in Silicon Gates 1
Value
A3012-bedAED 394K · Dec 2014
A302StudioAED 268K · Dec 2022
A303AStudioAED 545K · Feb 2026
A303BStudioAED 435K · Nov 2014
A3041-bedAED 615K · Nov 2024
A305A1-bedAED 1.03M · Aug 2014
A305BStudioAED 455K · Sep 2015
1–7 of 41

C304, Silicon Gates 1 in numbers

  • Sold 3 times: first on 11 August 2009 for AED 814,000, last on 28 October 2022 for AED 300,000 (AED 250 per sqft).
  • Rented since November 2017 on 4 Ejari contracts, from AED 75,000 to AED 53,000 a year.
  • At AED 53,000 a year the gross yield on the 2022 price is 17.7%, before a service charge of about AED 17,900 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 28 October 2022.

Questions about C304, Silicon Gates 1

What did unit C304 last sell for?

AED 300,000 on 28 October 2022: AED 250 per sqft for 1,196 sqft. The unit has 3 registered sales; the first was AED 814,000 in August 2009.

What is the rent for unit C304?

AED 53,000 a year on the contract signed on 15 October 2020. The previous contract, from October 2019, was AED 60,000; the unit has been rented since November 2017.

How big is unit C304?

1,196 sqft (111.1 sqm): a two-bedroom apartment on the 3rd floor of a 25-storey tower completed in 2014.

What is unit C304 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 C304, Silicon Gates 1

Starts from the last sale price (AED 300K, 28 October 2022). 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 →