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2-bed · 794 sqftSilicon Gates 2, Dubai Silicon Oasis · 8th floor · completed 2014

802, Silicon Gates 2

Sold prices and rental history: sold twice, last in November 2020, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 802 · DLD and Ejari recordsUpdated 2 November 2020
Last soldAED 460K2 November 2020
Current rentAED 80K /yr15 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 802, Silicon Gates 2

What is 802 worth today?

Last sold for AED 460,000 in 2020

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2 Nov 2020SoldReady
AED 460,000AED 579 per sqft
15 Nov 2017RentedNew contract
AED 80,000/yr12 months · AED 100 per sqft
24 Oct 2015Sold by developerOff-plan
AED 741,945AED 935 per sqft
25 Sep 2015RentedNew contract
AED 70,000/yr12 months · AED 88 per sqft

Source: Dubai Land Department. Updated 2 November 2020.

Key facts

Type
2-bed apartment
Size
794 sqft
Floor
8th of 8
Parking
G-24
Developer
Time Properties
Completed
2014
Service charge
AED 9,900 /yr
Last sold
AED 460K · November 2020
Building
Silicon Gates 2

About 802, Silicon Gates 2

802 is a two-bedroom apartment of 794 sqft on the 8th floor of Silicon Gates 2, a 8-storey tower in Dubai Silicon Oasis completed in 2014 by Time Properties. It last sold on 2 November 2020 for AED 460,000, or AED 579 per sqft.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 15 November 2017, is AED 80,000 a year: a gross yield of 17.4% on the 2020 price, before the service charge of about AED 9,900 a year.

2-beds in Silicon Gates 2, and where 802 sits

All 2 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
25 Nov 2020500,000
6 Jun 2018500,000
13 May 2015869,717
0 2-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 8th floor

All 131 units in Silicon Gates 2
Value
8012-bedAED 500K · Nov 2020
803StudioAED 220K · Jan 2021
804StudioAED 230K · Aug 2020
805StudioAED 384K · Nov 2015
806StudioAED 305K · Dec 2023
807StudioAED 402K · Apr 2015
808StudioAED 426K · May 2015
1–7 of 12

802, Silicon Gates 2 in numbers

  • Sold twice: first on 24 October 2015 for AED 741,945, last on 2 November 2020 for AED 460,000 (AED 579 per sqft).
  • Rented since September 2015 on 2 Ejari contracts, from AED 70,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 17.4%, before a service charge of about AED 9,900 a year (AED 12.49 per sqft).

Source: Dubai Land Department. Updated 2 November 2020.

Questions about 802, Silicon Gates 2

What did unit 802 last sell for?

AED 460,000 on 2 November 2020: AED 579 per sqft for 794 sqft. The unit has 2 registered sales; the first was AED 741,945 in October 2015.

What is the rent for unit 802?

AED 80,000 a year on the contract signed on 15 November 2017. The previous contract, from September 2015, was AED 70,000.

How big is unit 802?

794 sqft (73.8 sqm): a two-bedroom apartment on the 8th floor of a 8-storey tower completed in 2014.

What is unit 802 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 802, Silicon Gates 2

Starts from the last sale price (AED 460K, 2 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 460,000
Deposit, UAE resident (20%)
AED 92,000
Deposit, non-resident (40%)
AED 184,000
Monthly over 25 years at 3.7%
AED 1,882

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