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Studio · 372 sqftSilicon Gates 2, Dubai Silicon Oasis · 5th floor · completed 2014

516, Silicon Gates 2

Sold prices and rental history: sold twice, last in November 2015, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 20 February 2026
Last soldAED 410K28 November 2015
Current rentAED 45K /yr20 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, Silicon Gates 2

What is 516 worth today?

Last sold for AED 410,000 in 2015

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20 Feb 2026RentedNew contract
AED 45,000/yr12 months · AED 121 per sqft
1 Feb 2025RentedNew contract
AED 36,000/yr12 months · AED 97 per sqft
28 Nov 2015Sold by developerOff-plan
AED 410,000AED 1,100 per sqft
28 Nov 2015SoldOff-plan
AED 376,839AED 1,011 per sqft

Source: Dubai Land Department. Updated 20 February 2026.

Key facts

Type
Studio apartment
Size
372 sqft
Floor
5th of 8
Parking
B-17
Developer
Time Properties
Completed
2014
Service charge
AED 4,700 /yr
Last sold
AED 410K · November 2015
Building
Silicon Gates 2

About 516, Silicon Gates 2

516 is a studio of 372 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 410,000, or AED 1,100 per sqft, in line with the AED 1,100 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 20 February 2026, is AED 45,000 a year: a gross yield of 11.0% on the 2015 price, before the service charge of about AED 4,700 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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, November 2015: AED 410,000 (AED 1,100 per sqft)Sold, November 2015: AED 376,839 (AED 1,011 per sqft)

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

Rents
Unit 516, 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, February 2025: AED 36,000 a yearNew contract, February 2026: AED 45,000 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 516 sits

All 64 studios →

516 last sold in November 2015 at AED 1,100 per sqft, in line with what studios in Silicon Gates 2 were fetching at the time (AED 1,100). 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. 516's AED 45,000 is in the upper half 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

516, Silicon Gates 2 in numbers

  • Sold twice: first on 28 November 2015 for AED 376,839, last on 28 November 2015 for AED 410,000 (AED 1,100 per sqft).
  • Rented since February 2025 on 2 Ejari contracts, from AED 36,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2015 price is 11.0%, before a service charge of about AED 4,700 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 20 February 2026.

Questions about 516, Silicon Gates 2

What did unit 516 last sell for?

AED 410,000 on 28 November 2015, sold by the developer: AED 1,100 per sqft for 372 sqft. The unit has 2 registered sales; the first was AED 376,839 in November 2015.

What is the rent for unit 516?

AED 45,000 a year on the contract signed on 20 February 2026. The previous contract, from February 2025, was AED 36,000.

How big is unit 516?

372 sqft (34.6 sqm): a studio on the 5th floor of a 8-storey tower completed in 2014.

What is unit 516 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 516, Silicon Gates 2

Starts from the last sale price (AED 410K, 28 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 410,000
Deposit, UAE resident (20%)
AED 82,000
Deposit, non-resident (40%)
AED 164,000
Monthly over 25 years at 3.7%
AED 1,677

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