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Studio · 352 sqftSilicon Gates 2, Dubai Silicon Oasis · 7th floor · completed 2014

704, Silicon Gates 2

Sold prices and rental history: sold twice, last in April 2016, and rented once, from October 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 24 October 2018
Last soldAED 363K27 April 2016
Current rentAED 60K /yr24 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, Silicon Gates 2

What is 704 worth today?

Last sold for AED 363,000 in 2016

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24 Oct 2018RentedNew contract
AED 60,000/yr12 months · AED 169 per sqft
27 Apr 2016SoldReady
AED 363,000AED 1,030 per sqft
24 Jul 2013Sold by developerOff-plan
AED 475,000AED 1,348 per sqft

Source: Dubai Land Department. Updated 24 October 2018.

Key facts

Type
Studio apartment
Size
352 sqft
Floor
7th of 8
Parking
B-11
Developer
Time Properties
Completed
2014
Service charge
AED 4,400 /yr
Last sold
AED 363K · April 2016
Building
Silicon Gates 2

About 704, Silicon Gates 2

704 is a studio of 352 sqft on the 7th floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 27 April 2016 for AED 363,000, or AED 1,030 per sqft, 7% below the AED 1,103 studios in the building were fetching at the time.

One Ejari contract is registered, from 24 October 2018. The current contract, signed on 24 October 2018, is AED 60,000 a year: a gross yield of 16.5% on the 2016 price, before the service charge of about AED 4,400 a year.

Sales and rents for 704 over time

Sales
Unit 704, 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, July 2013: AED 475,000 (AED 1,348 per sqft)Sold, April 2016: AED 363,000 (AED 1,030 per sqft)

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

Rents
Unit 704, each contractTypical studio in Silicon Gates 2
20K40K60K20152018202120242027Typical 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, October 2018: AED 60,000 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 704 sits

All 64 studios →

704 last sold in April 2016 at AED 1,030 per sqft, 7% below what studios in Silicon Gates 2 were fetching at the time (AED 1,103). 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. 704's AED 60,000 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 7th floor

All 131 units in Silicon Gates 2
Value
7011-bedAED 603K · Sep 2015
7021-bedAED 405K · Apr 2022
7031-bedAED 726K · May 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

704, Silicon Gates 2 in numbers

  • Sold twice: first on 24 July 2013 for AED 475,000, last on 27 April 2016 for AED 363,000 (AED 1,030 per sqft).
  • Rented since October 2018 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2016 price is 16.5%, before a service charge of about AED 4,400 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 24 October 2018.

Questions about 704, Silicon Gates 2

What did unit 704 last sell for?

AED 363,000 on 27 April 2016: AED 1,030 per sqft for 352 sqft. The unit has 2 registered sales; the first was AED 475,000 in July 2013.

What is the rent for unit 704?

AED 60,000 a year on the contract signed on 24 October 2018.

How big is unit 704?

352 sqft (32.7 sqm): a studio on the 7th floor of a 8-storey tower completed in 2014.

What is unit 704 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 704, Silicon Gates 2

Starts from the last sale price (AED 363K, 27 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 363,000
Deposit, UAE resident (20%)
AED 72,600
Deposit, non-resident (40%)
AED 145,200
Monthly over 25 years at 3.7%
AED 1,485

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