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1-bed · 761 sqftSilicon Gates 2, Dubai Silicon Oasis · 7th floor · completed 2014

709, Silicon Gates 2

Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 25 October 2022
Last soldAED 325K22 August 2022
Current rentAED 42K /yr25 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 709, Silicon Gates 2

What is 709 worth today?

Last sold for AED 325,000 in 2022

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25 Oct 2022RentedNew contract
AED 42,000/yr12 months · AED 55 per sqft
22 Aug 2022Sold by developerReady
AED 325,000AED 426 per sqft
16 Sep 2021RentedNew contract
AED 27,000/yr13 months · AED 35 per sqft
30 Jun 2020RentedNew contract
AED 33,000/yr12 months · AED 43 per sqft

Source: Dubai Land Department. Updated 25 October 2022.

Key facts

Type
1-bed apartment
Size
761 sqft
Floor
7th of 8
Parking
G-18
Developer
Time Properties
Completed
2014
Service charge
AED 9,500 /yr
Last sold
AED 325K · August 2022
Building
Silicon Gates 2

About 709, Silicon Gates 2

709 is a one-bedroom apartment of 761 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 22 August 2022 for AED 325,000, or AED 426 per sqft, 21% below the AED 542 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 25 October 2022, is AED 42,000 a year: a gross yield of 12.9% on the 2022 price, before the service charge of about AED 9,500 a year.

Sales and rents for 709 over time

Sales
Unit 709, 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, August 2022: AED 325,000 (AED 426 per sqft)

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

Rents
Unit 709, 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, June 2020: AED 33,000 a yearNew contract, September 2021: AED 27,000 a yearNew contract, October 2022: AED 42,000 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 709 sits

All 65 1-beds →

709 last sold in August 2022 at AED 426 per sqft, 21% below what one-beds in Silicon Gates 2 were fetching at the time (AED 542). 709's AED 42,000 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
7051-bedAED 530K · Aug 2016
7061-bedAED 427K · Mar 2020
7071-bedAED 450K · Mar 2024
1–7 of 13

709, Silicon Gates 2 in numbers

  • Sold once: by Time Properties on 22 August 2022 for AED 325,000, or AED 426 per sqft.
  • Rented since June 2020 on 3 Ejari contracts. The rent fell from AED 33,000 to AED 27,000 in 2021 and recovered to AED 42,000 by October 2022.
  • At AED 42,000 a year the gross yield on the 2022 price is 12.9%, before a service charge of about AED 9,500 a year (AED 12.49 per sqft).

Source: Dubai Land Department. Updated 25 October 2022.

Questions about 709, Silicon Gates 2

What did unit 709 last sell for?

AED 325,000 on 22 August 2022, sold by the developer: AED 426 per sqft for 761 sqft. It is the only registered sale of the unit.

What is the rent for unit 709?

AED 42,000 a year on the contract signed on 25 October 2022. The previous contract, from September 2021, was AED 27,000; the unit has been rented since June 2020.

How big is unit 709?

761 sqft (70.7 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2014.

What is unit 709 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 709, Silicon Gates 2

Starts from the last sale price (AED 325K, 22 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 325,000
Deposit, UAE resident (20%)
AED 65,000
Deposit, non-resident (40%)
AED 130,000
Monthly over 25 years at 3.7%
AED 1,330

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