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2-bed · 1,566 sqftSilicon Gates 1, Dubai Silicon Oasis · 4th floor · completed 2014

C408, Silicon Gates 1

Sold prices and rental history: sold 3 times, last in September 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit C408 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 750K1 September 2022
Current rentAED 54K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for C408, Silicon Gates 1

What is C408 worth today?

Last sold for AED 750,000 in 2022

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1 Sep 2022SoldReady
AED 750,000AED 478 per sqft
1 Aug 2021RentedNew contract
AED 54,000/yr12 months · AED 34 per sqft
15 Jul 2020RentedRenewal
AED 57,378/yr13 months · AED 37 per sqft
1 Aug 2019RentedNew contract
AED 70,000/yr11 months · AED 45 per sqft
15 Jul 2018RentedNew contract
AED 74,000/yr12 months · AED 47 per sqft
1 Jul 2017RentedNew contract
AED 88,000/yr12 months · AED 56 per sqft
1 Jul 2015RentedNew contract
AED 95,000/yr12 months · AED 60 per sqft
8 Sep 2014SoldReady
AED 1,193,000AED 761 per sqft

Source: Dubai Land Department. Updated 1 September 2022.

Key facts

Type
2-bed apartment
Size
1,566 sqft
Floor
4th of 25
Parking
B1-232
Developer
Time Properties
Completed
2014
Service charge
AED 23,400 /yr
Last sold
AED 750K · September 2022
Building
Silicon Gates 1

About C408, Silicon Gates 1

C408 is a two-bedroom apartment of 1,566 sqft on the 4th floor of Silicon Gates 1, a 25-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 1 September 2022 for AED 750,000, or AED 478 per sqft, 7% below the AED 515 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 1 August 2021, is AED 54,000 a year: a gross yield of 7.2% on the 2022 price, before the service charge of about AED 23,400 a year.

Sales and rents for C408 over time

Sales
Unit C408, each saleTypical two-bed in Silicon Gates 1
500K1M2009201420192024Typical 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 1,193,000 (AED 761 per sqft)Sold, September 2014: AED 1,193,000 (AED 761 per sqft)Sold, September 2022: AED 750,000 (AED 478 per sqft)

C408 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit C408, 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, July 2015: AED 95,000 a yearNew contract, July 2017: AED 88,000 a yearNew contract, July 2018: AED 74,000 a yearNew contract, August 2019: AED 70,000 a yearRenewal, July 2020: AED 57,378 a yearNew contract, August 2021: AED 54,000 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 C408 sits

All 88 2-beds →

C408 last sold in September 2022 at AED 478 per sqft, 7% 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. C408's AED 54,000 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 4th floor

All 865 units in Silicon Gates 1
Value
A4012-bedAED 942K · Jun 2015
A402StudioAED 325K · Sep 2023
A403AStudioAED 442K · Sep 2014
A403BStudioAED 290K · Nov 2022
A4041-bedAED 695K · Feb 2016
A405A1-bedAED 680K · Aug 2014
A405BStudioAED 370K · Jul 2025
1–7 of 41

C408, Silicon Gates 1 in numbers

  • Sold 3 times: first on 11 August 2009 for AED 1,193,000, last on 1 September 2022 for AED 750,000 (AED 478 per sqft).
  • Rented since July 2015 on 6 Ejari contracts, from AED 95,000 to AED 54,000 a year.
  • At AED 54,000 a year the gross yield on the 2022 price is 7.2%, before a service charge of about AED 23,400 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 1 September 2022.

Questions about C408, Silicon Gates 1

What did unit C408 last sell for?

AED 750,000 on 1 September 2022: AED 478 per sqft for 1,566 sqft. The unit has 3 registered sales; the first was AED 1,193,000 in August 2009.

What is the rent for unit C408?

AED 54,000 a year on the contract signed on 1 August 2021. The previous contract, from July 2020, was AED 57,378; the unit has been rented since July 2015.

How big is unit C408?

1,566 sqft (145.5 sqm): a two-bedroom apartment on the 4th floor of a 25-storey tower completed in 2014.

What is unit C408 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 C408, Silicon Gates 1

Starts from the last sale price (AED 750K, 1 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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