406, Silicon Gates 2
Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Silicon Gates 2
What is 406 worth today?
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Source: Dubai Land Department. Updated 1 June 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 615 sqft
- Floor
- 4th of 8
- Parking
- B-38
- Developer
- Time Properties
- Completed
- 2014
- Service charge
- AED 7,700 /yr
- Last sold
- AED 400K · May 2024
- Building
- Silicon Gates 2
About 406, Silicon Gates 2
406 is a one-bedroom apartment of 615 sqft on the 4th floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 15 May 2024 for AED 400,000, or AED 650 per sqft, 3% above the AED 631 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 1 June 2025, is AED 45,000 a year: a gross yield of 11.3% on the 2024 price, before the service charge of about AED 7,700 a year.
Sales and rents for 406 over time
406 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Silicon Gates 2, and where 406 sits
All 65 1-beds →406 last sold in May 2024 at AED 650 per sqft, 3% above what one-beds in Silicon Gates 2 were fetching at the time (AED 631). 406's AED 45,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20252 October 2025 | 699 sqft | 550,000 | 786 | ||
| 1 Aug 20251 August 2025 | 615 sqft | 600,000 | 975 | ||
| 11 Jun 202511 June 2025 | 699 sqft | 600,000 | 858 | ||
| 5 May 20255 May 2025 | 789 sqft | 560,000 | 710 |
Silicon Gates 2
Building131 apartments, studios to 2-bed over 8 floors in Dubai Silicon Oasis, completed in 2014 by Time Properties. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,084
- Typical sale
- AED 420K
- Typical rent
- AED 42K /yr
- Typical yield
- 7.3%
Other units on the 4th floor
All 131 units in Silicon Gates 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 699 sqft | AED 694KAED 693,812 · Apr 2017April 2017 | ||
| 402 | Studio | 401 sqft | AED 335KAED 335,000 · Nov 2022November 2022 | 48,000 /yr | |
| 403 | Studio | 367 sqft | AED 420KAED 420,000 · Nov 2015November 2015 | 28,000 /yr | |
| 404 | 1-bed | 617 sqft | AED 636KAED 636,000 · Nov 2015November 2015 | 48,000 /yr | |
| 405 | Studio | 352 sqft | AED 140KAED 140,000 · Nov 2015November 2015 | 27,132 /yr | |
| 407 | Studio | 387 sqft | AED 300KAED 300,000 · Sep 2016September 2016 | 34,000 /yr | |
| 408 | Studio | 383 sqft | AED 430KAED 430,372 · Jun 2016June 2016 | 44,000 /yr | |
| 409 | 1-bed | 699 sqft | AED 688KAED 688,228 · Aug 2011August 2011 | 38,500 /yr | |
| 410 | 1-bed | 699 sqft | AED 588KAED 588,418 · Sep 2015September 2015 | 54,000 /yr | |
| 411 | Studio | 383 sqft | AED 380KAED 380,000 · Jun 2016June 2016 | 28,600 /yr | |
| 412 | Studio | 387 sqft | AED 410KAED 410,000 · May 2017May 2017 | 35,200 /yr | |
| 413 | 1-bed | 622 sqft | AED 642KAED 641,656 · Nov 2015November 2015 | 43,000 /yr | |
| 414 | Studio | 353 sqft | AED 452KAED 451,500 · Nov 2015November 2015 | 30,000 /yr | |
| 415 | 1-bed | 622 sqft | AED 641KAED 641,019 · Nov 2015November 2015 | 50,000 /yr | |
| 416 | Studio | 372 sqft | AED 385KAED 385,101 · Nov 2015November 2015 | 39,000 /yr | |
| 417 | Studio | 401 sqft | AED 390KAED 390,000 · Mar 2018March 2018 | 26,000 /yr | |
| 418 | 1-bed | 699 sqft | AED 620KAED 620,000 · Nov 2016November 2016 | 41,236 /yr |
406, Silicon Gates 2 in numbers
- Sold twice: first on 16 November 2015 for AED 625,362, last on 15 May 2024 for AED 400,000 (AED 650 per sqft).
- Rented since December 2019 on 7 Ejari contracts. The rent fell from AED 28,000 to AED 25,000 in 2021 and recovered to AED 45,000 by June 2025.
- At AED 45,000 a year the gross yield on the 2024 price is 11.3%, before a service charge of about AED 7,700 a year (AED 12.49 per sqft).
Source: Dubai Land Department. Updated 1 June 2025.
Questions about 406, Silicon Gates 2
What did unit 406 last sell for?
AED 400,000 on 15 May 2024: AED 650 per sqft for 615 sqft. The unit has 2 registered sales; the first was AED 625,362 in November 2015.
What is the rent for unit 406?
AED 45,000 a year on the contract renewed on 1 June 2025. The previous contract, from June 2025, was AED 45,000; the unit has been rented since December 2019.
How big is unit 406?
615 sqft (57.1 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2014.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 406, Silicon Gates 2
Starts from the last sale price (AED 400K, 15 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →