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1-bed · 659 sqftSilicon Gates 2, Dubai Silicon Oasis · 7th floor · completed 2014

703, Silicon Gates 2

Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 726K8 May 2016
Current rentAED 39K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Silicon Gates 2

What is 703 worth today?

Last sold for AED 726,434 in 2016

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1 Jul 2024RentedRenewal
AED 39,000/yr12 months · AED 59 per sqft
1 Jul 2023RentedRenewal
AED 34,500/yr12 months · AED 52 per sqft
1 Jul 2022RentedRenewal
AED 30,000/yr12 months · AED 46 per sqft
1 Jul 2021RentedNew contract
AED 25,000/yr12 months · AED 38 per sqft
1 Jul 2020RentedNew contract
AED 25,000/yr12 months · AED 38 per sqft
1 Mar 2019RentedNew contract
AED 32,000/yr12 months · AED 49 per sqft
21 Sep 2016RentedNew contract
AED 58,000/yr12 months · AED 88 per sqft
8 May 2016Sold by developerOff-plan
AED 726,434AED 1,102 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
1-bed apartment
Size
659 sqft
Floor
7th of 8
Parking
B-60
Developer
Time Properties
Completed
2014
Service charge
AED 8,200 /yr
Last sold
AED 726K · May 2016
Building
Silicon Gates 2

About 703, Silicon Gates 2

703 is a one-bedroom apartment of 659 sqft on the 7th floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. The developer sold it on 8 May 2016 for AED 726,434, or AED 1,102 per sqft, 9% above the AED 1,011 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 39,000 a year: a gross yield of 5.4% on the 2016 price, before the service charge of about AED 8,200 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, May 2016: AED 726,434 (AED 1,102 per sqft)

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

Rents
Unit 703, each contractTypical one-bed in Silicon Gates 2
20K40K60K20152018202120242027Typical 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, September 2016: AED 58,000 a yearNew contract, March 2019: AED 32,000 a yearNew contract, July 2020: AED 25,000 a yearNew contract, July 2021: AED 25,000 a yearRenewal, July 2022: AED 30,000 a yearRenewal, July 2023: AED 34,500 a yearRenewal, July 2024: AED 39,000 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 703 sits

All 65 1-beds →

703 last sold in May 2016 at AED 1,102 per sqft, 9% above what one-beds in Silicon Gates 2 were fetching at the time (AED 1,011). 703's AED 39,000 is in the lower half 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 7th floor

All 131 units in Silicon Gates 2
Value
7011-bedAED 603K · Sep 2015
7021-bedAED 405K · Apr 2022
704StudioAED 363K · Apr 2016
7051-bedAED 530K · Aug 2016
7061-bedAED 427K · Mar 2020
7071-bedAED 450K · Mar 2024
7081-bedAED 560K · May 2025
1–7 of 13

703, Silicon Gates 2 in numbers

  • Sold once: by Time Properties on 8 May 2016 for AED 726,434, or AED 1,102 per sqft.
  • Rented since September 2016 on 7 Ejari contracts. The rent fell from AED 58,000 to AED 25,000 in 2021 and recovered to AED 39,000 by July 2024.
  • At AED 39,000 a year the gross yield on the 2016 price is 5.4%, before a service charge of about AED 8,200 a year (AED 12.49 per sqft).

Source: Dubai Land Department. Updated 1 July 2024.

Questions about 703, Silicon Gates 2

What did unit 703 last sell for?

AED 726,434 on 8 May 2016, sold by the developer: AED 1,102 per sqft for 659 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 39,000 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 34,500; the unit has been rented since September 2016.

How big is unit 703?

659 sqft (61.2 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.

What is unit 703 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 703, Silicon Gates 2

Starts from the last sale price (AED 726K, 8 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 726,434
Deposit, UAE resident (20%)
AED 145,287
Deposit, non-resident (40%)
AED 290,574
Monthly over 25 years at 3.7%
AED 2,972

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