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1-bed · 622 sqftSilicon Gates 2, Dubai Silicon Oasis · 5th floor · completed 2014

515, Silicon Gates 2

Sold prices and rental history: sold twice, last in November 2015, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 18 July 2025
Last soldAED 645K28 November 2015
Current rentAED 203K /yr18 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Silicon Gates 2

What is 515 worth today?

Last sold for AED 645,181 in 2015

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18 Jul 2025RentedNew contract · flagged as an outlier
AED 203,211/yr3 months · AED 327 per sqft
4 Oct 2018RentedNew contract
AED 38,500/yr12 months · AED 62 per sqft
16 Aug 2016RentedNew contract
AED 53,000/yr12 months · AED 85 per sqft
28 Nov 2015Sold by developerOff-plan
AED 645,181AED 1,037 per sqft
28 Nov 2015SoldOff-plan
AED 645,181AED 1,037 per sqft

Source: Dubai Land Department. Updated 18 July 2025.

Key facts

Type
1-bed apartment
Size
622 sqft
Floor
5th of 8
Parking
B-03
Developer
Time Properties
Completed
2014
Service charge
AED 7,800 /yr
Last sold
AED 645K · November 2015
Building
Silicon Gates 2

About 515, Silicon Gates 2

515 is a one-bedroom apartment of 622 sqft on the 5th floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. The developer sold it on 28 November 2015 for AED 645,181, or AED 1,037 per sqft, in line with the AED 1,016 one-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 18 July 2025, is AED 203,211 a year: a gross yield of 31.5% on the 2015 price, before the service charge of about AED 7,800 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical one-bed in Silicon Gates 2
400K600K2011201520192023Typical sale price by year: 2011 AED 688,228; 2015 AED 636,000; 2016 AED 601,785; 2017 AED 580,000; 2018 AED 420,000; 2019 AED 485,000; 2021 AED 338,000; 2022 AED 370,000; 2023 AED 410,000; 2024 AED 450,000; 2025 AED 560,000Sold by developer, November 2015: AED 645,181 (AED 1,037 per sqft)Sold, November 2015: AED 645,181 (AED 1,037 per sqft)

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

Rents
Unit 515, each contractTypical one-bed in Silicon Gates 2
40K60K20152018202120242027Typical rent by year: 2015 AED 56,000; 2016 AED 57,000; 2017 AED 52,000; 2018 AED 43,000; 2019 AED 35,000; 2020 AED 29,000; 2021 AED 27,000; 2022 AED 32,000; 2023 AED 35,650; 2024 AED 42,350; 2025 AED 48,000; 2026 AED 47,000New contract, August 2016: AED 53,000 a yearNew contract, October 2018: AED 38,500 a year

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 515 sits

All 65 1-beds →

515 last sold in November 2015 at AED 1,037 per sqft, in line with what one-beds in Silicon Gates 2 were fetching at the time (AED 1,016). 515's AED 203,211 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Oct 2025550,000
1 Aug 2025600,000
11 Jun 2025600,000
5 May 2025560,000
0 1-bed sales 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

515, Silicon Gates 2 in numbers

  • Sold twice: first on 28 November 2015 for AED 645,181, last on 28 November 2015 for AED 645,181 (AED 1,037 per sqft).
  • Rented since August 2016 on 3 Ejari contracts. The rent fell from AED 53,000 to AED 38,500 in 2018 and recovered to AED 203,211 by July 2025.
  • At AED 203,211 a year the gross yield on the 2015 price is 31.5%, before a service charge of about AED 7,800 a year (AED 12.49 per sqft).

Source: Dubai Land Department. Updated 18 July 2025.

Questions about 515, Silicon Gates 2

What did unit 515 last sell for?

AED 645,181 on 28 November 2015, sold by the developer: AED 1,037 per sqft for 622 sqft. The unit has 2 registered sales; the first was AED 645,181 in November 2015.

What is the rent for unit 515?

AED 203,211 a year on the contract signed on 18 July 2025. The previous contract, from October 2018, was AED 38,500; the unit has been rented since August 2016.

How big is unit 515?

622 sqft (57.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2014.

What is unit 515 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 515, Silicon Gates 2

Starts from the last sale price (AED 645K, 28 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 645,181
Deposit, UAE resident (20%)
AED 129,036
Deposit, non-resident (40%)
AED 258,072
Monthly over 25 years at 3.7%
AED 2,640

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