408, Silicon Gates 2
Sold prices and rental history: sold once, by the developer in June 2016, 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 408, Silicon Gates 2
What is 408 worth today?
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Source: Dubai Land Department. Updated 29 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 383 sqft
- Floor
- 4th of 8
- Parking
- B-37
- Developer
- Time Properties
- Completed
- 2014
- Service charge
- AED 4,800 /yr
- Last sold
- AED 430K · June 2016
- Building
- Silicon Gates 2
About 408, Silicon Gates 2
408 is a studio of 383 sqft on the 4th floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. The developer sold it on 19 June 2016 for AED 430,372, or AED 1,125 per sqft, in line with the AED 1,114 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 29 November 2025, is AED 44,000 a year: a gross yield of 10.2% on the 2016 price, before the service charge of about AED 4,800 a year.
Sales and rents for 408 over time
408 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Silicon Gates 2, and where 408 sits
All 64 studios →408 last sold in June 2016 at AED 1,125 per sqft, in line with what studios in Silicon Gates 2 were fetching at the time (AED 1,114). Over the last 12 months studios sold for AED 420,000, around AED 1,084 per sqft, and rent for AED 26,000 to 48,000 a year. 408's AED 44,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Dec 202530 December 2025 | 387 sqft | 420,000 | 1,084 | ||
| 17 Oct 202517 October 2025 | 401 sqft | 430,000 | 1,073 | ||
| 25 Jul 202525 July 2025 | 367 sqft | 380,000 | 1,036 | ||
| 9 Jul 20259 July 2025 | 352 sqft | 350,000 | 994 |
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 | |
| 406 | 1-bed | 615 sqft | AED 400KAED 400,000 · May 2024May 2024 | 45,000 /yr | |
| 407 | Studio | 387 sqft | AED 300KAED 300,000 · Sep 2016September 2016 | 34,000 /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 |
408, Silicon Gates 2 in numbers
- Sold once: by Time Properties on 19 June 2016 for AED 430,372, or AED 1,125 per sqft.
- Rented since October 2019 on 6 Ejari contracts. The rent fell from AED 23,000 to AED 19,000 in 2021 and recovered to AED 44,000 by November 2025.
- At AED 44,000 a year the gross yield on the 2016 price is 10.2%, before a service charge of about AED 4,800 a year (AED 12.49 per sqft).
- Studios in Silicon Gates 2 sold for AED 420,000–420,000 in the 12 months to November 2026; the building's median across all types is AED 1,084 per sqft.
Source: Dubai Land Department. Updated 29 November 2025.
Questions about 408, Silicon Gates 2
What did unit 408 last sell for?
AED 430,372 on 19 June 2016, sold by the developer: AED 1,125 per sqft for 383 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 44,000 a year on the contract signed on 29 November 2025. The previous contract, from June 2025, was AED 38,000; the unit has been rented since October 2019.
How big is unit 408?
383 sqft (35.6 sqm): a studio on the 4th floor of a 8-storey tower completed in 2014.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Silicon Gates 2 sold for AED 420,000 to 420,000 in the last 12 months, around AED 1,084 per sqft.
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Mortgage on 408, Silicon Gates 2
Starts from the last sale price (AED 430K, 19 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 430,372
- Deposit, UAE resident (20%)
- AED 86,074
- Deposit, non-resident (40%)
- AED 172,149
- Monthly over 25 years at 3.7%
- AED 1,761
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →