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1-bed · 617 sqftSilicon Gates 2, Dubai Silicon Oasis · 7th floor · completed 2014

705, Silicon Gates 2

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

Unit 705 · DLD and Ejari recordsUpdated 24 August 2016
Last soldAED 530K24 August 2016
Current rentAED 50K /yr10 October 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, Silicon Gates 2

What is 705 worth today?

Last sold for AED 530,000 in 2016

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24 Aug 2016SoldReady
AED 530,000AED 858 per sqft
10 Oct 2015RentedNew contract
AED 50,000/yr12 months · AED 81 per sqft
21 Sep 2015Sold by developerReady
AED 534,630AED 866 per sqft

Source: Dubai Land Department. Updated 24 August 2016.

Key facts

Type
1-bed apartment
Size
617 sqft
Floor
7th of 8
Parking
B-59
Developer
Time Properties
Completed
2014
Service charge
AED 7,700 /yr
Last sold
AED 530K · August 2016
Building
Silicon Gates 2

About 705, Silicon Gates 2

705 is a one-bedroom apartment of 617 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 24 August 2016 for AED 530,000, or AED 858 per sqft, 14% below the AED 997 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 October 2015. The current contract, signed on 10 October 2015, is AED 50,000 a year: a gross yield of 9.4% on the 2016 price, before the service charge of about AED 7,700 a year.

Sales and rents for 705 over time

Sales
Unit 705, 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, September 2015: AED 534,630 (AED 866 per sqft)Sold, August 2016: AED 530,000 (AED 858 per sqft)

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

Rents
Unit 705, 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, October 2015: AED 50,000 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 705 sits

All 65 1-beds →

705 last sold in August 2016 at AED 858 per sqft, 14% below what one-beds in Silicon Gates 2 were fetching at the time (AED 997). 705's AED 50,000 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
7031-bedAED 726K · May 2016
704StudioAED 363K · Apr 2016
7061-bedAED 427K · Mar 2020
7071-bedAED 450K · Mar 2024
7081-bedAED 560K · May 2025
1–7 of 13

705, Silicon Gates 2 in numbers

  • Sold twice: first on 21 September 2015 for AED 534,630, last on 24 August 2016 for AED 530,000 (AED 858 per sqft).
  • Rented since October 2015 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2016 price is 9.4%, before a service charge of about AED 7,700 a year (AED 12.49 per sqft).

Source: Dubai Land Department. Updated 24 August 2016.

Questions about 705, Silicon Gates 2

What did unit 705 last sell for?

AED 530,000 on 24 August 2016: AED 858 per sqft for 617 sqft. The unit has 2 registered sales; the first was AED 534,630 in September 2015.

What is the rent for unit 705?

AED 50,000 a year on the contract signed on 10 October 2015.

How big is unit 705?

617 sqft (57.3 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.

What is unit 705 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 705, Silicon Gates 2

Starts from the last sale price (AED 530K, 24 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 530,000
Deposit, UAE resident (20%)
AED 106,000
Deposit, non-resident (40%)
AED 212,000
Monthly over 25 years at 3.7%
AED 2,168

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