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Studio · 383 sqftSilicon Gates 2, Dubai Silicon Oasis · 5th floor · completed 2014

508, Silicon Gates 2

Sold prices and rental history: sold twice, last in October 2020, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 4 October 2024
Last soldAED 200K28 October 2020
Current rentAED 50K /yr4 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Silicon Gates 2

What is 508 worth today?

Last sold for AED 200,000 in 2020

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4 Oct 2024RentedNew contract
AED 50,000/yr12 months · AED 129 per sqft
28 Oct 2020SoldReady
AED 200,000AED 522 per sqft
1 Jul 2019RentedNew contract
AED 28,000/yr12 months · AED 72 per sqft
13 May 2015Sold by developerOff-plan
AED 361,708AED 945 per sqft

Source: Dubai Land Department. Updated 4 October 2024.

Key facts

Type
Studio apartment
Size
383 sqft
Floor
5th of 8
Parking
B-21
Developer
Time Properties
Completed
2014
Service charge
AED 4,800 /yr
Last sold
AED 200K · October 2020
Building
Silicon Gates 2

About 508, Silicon Gates 2

508 is a studio of 383 sqft on the 5th floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 28 October 2020 for AED 200,000, or AED 522 per sqft, in line with the AED 522 studios in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 4 October 2024, is AED 50,000 a year: a gross yield of 25.0% on the 2020 price, before the service charge of about AED 4,800 a year.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical studio in Silicon Gates 2
200K400K20102014201820222026Typical sale price by year: 2010 AED 330,567; 2011 AED 449,400; 2013 AED 428,436; 2014 AED 373,000; 2015 AED 409,500; 2016 AED 400,000; 2017 AED 375,000; 2018 AED 320,000; 2020 AED 215,000; 2021 AED 245,500; 2022 AED 245,101; 2023 AED 329,122; 2024 AED 335,000; 2025 AED 400,000Sold by developer, May 2015: AED 361,708 (AED 945 per sqft)Sold, October 2020: AED 200,000 (AED 522 per sqft)

508 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 508, each contractTypical studio in Silicon Gates 2
20K40K20152018202120242027Typical rent by year: 2015 AED 41,500; 2016 AED 40,000; 2017 AED 38,000; 2018 AED 31,404; 2019 AED 28,000; 2020 AED 22,000; 2021 AED 19,000; 2022 AED 24,000; 2023 AED 28,000; 2024 AED 30,442; 2025 AED 35,350; 2026 AED 34,000New contract, July 2019: AED 28,000 a yearNew contract, October 2024: AED 50,000 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 2, and where 508 sits

All 64 studios →

508 last sold in October 2020 at AED 522 per sqft, in line with what studios in Silicon Gates 2 were fetching at the time (AED 522). 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. 508's AED 50,000 is at the top of that range.

Recent studio salesUnit no.Price (AED)Summary
30 Dec 2025420,000
17 Oct 2025430,000
25 Jul 2025380,000
9 Jul 2025350,000
1 studio sale in the last 12 months

Silicon Gates 2

Building

131 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%
Silicon Gates 2, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 5th floor

All 131 units in Silicon Gates 2
Value
5011-bedAED 590K · Apr 2017
502StudioAED 490K · Nov 2015
503StudioAED 380K · Jul 2025
5041-bedAED 365K · Nov 2022
505StudioAED 308K · Mar 2024
5061-bedAED 600K · Aug 2025
507StudioAED 428K · Sep 2016
1–7 of 17

508, Silicon Gates 2 in numbers

  • Sold twice: first on 13 May 2015 for AED 361,708, last on 28 October 2020 for AED 200,000 (AED 522 per sqft).
  • Rented since July 2019 on 2 Ejari contracts, from AED 28,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2020 price is 25.0%, 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 4 October 2024.

Questions about 508, Silicon Gates 2

What did unit 508 last sell for?

AED 200,000 on 28 October 2020: AED 522 per sqft for 383 sqft. The unit has 2 registered sales; the first was AED 361,708 in May 2015.

What is the rent for unit 508?

AED 50,000 a year on the contract signed on 4 October 2024. The previous contract, from July 2019, was AED 28,000.

How big is unit 508?

383 sqft (35.6 sqm): a studio on the 5th floor of a 8-storey tower completed in 2014.

What is unit 508 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 508, Silicon Gates 2

Starts from the last sale price (AED 200K, 28 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 200,000
Deposit, UAE resident (20%)
AED 40,000
Deposit, non-resident (40%)
AED 80,000
Monthly over 25 years at 3.7%
AED 818

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