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Studio · 348 sqftSilicon Gates 4, Dubai Silicon Oasis · 4th floor · completed 2015

408, Silicon Gates 4

Sold prices and rental history: sold twice, last in August 2017, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 28 February 2022
Last soldAED 425K29 August 2017
Current rentAED 22K /yr28 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Silicon Gates 4

What is 408 worth today?

Last sold for AED 425,000 in 2017

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28 Feb 2022RentedNew contract
AED 22,000/yr12 months · AED 64 per sqft
5 Feb 2021RentedNew contract
AED 19,000/yr12 months · AED 55 per sqft
15 Aug 2020RentedRenewal
AED 19,946/yr12 months · AED 58 per sqft
15 Aug 2019RentedNew contract
AED 26,000/yr12 months · AED 75 per sqft
22 Jun 2018RentedNew contract
AED 38,000/yr12 months · AED 110 per sqft
5 Feb 2018RentedNew contract
AED 37,500/yr12 months · AED 109 per sqft
29 Aug 2017SoldReady
AED 425,000AED 1,219 per sqft
1 Nov 2016RentedNew contract
AED 38,000/yr12 months · AED 110 per sqft

Source: Dubai Land Department. Updated 28 February 2022.

Key facts

Type
Studio apartment
Size
348 sqft
Floor
4th of 8
Parking
B2-132
Developer
Time Properties
Completed
2015
Service charge
AED 4,000 /yr
Last sold
AED 425K · August 2017
Building
Silicon Gates 4

About 408, Silicon Gates 4

408 is a studio of 348 sqft on the 4th floor of Silicon Gates 4, a 8-storey tower in Dubai Silicon Oasis completed in 2015 by Time Properties. It last sold on 29 August 2017 for AED 425,000, or AED 1,219 per sqft, 31% above the AED 929 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 28 February 2022, is AED 22,000 a year: a gross yield of 5.2% on the 2017 price, before the service charge of about AED 4,000 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical studio in Silicon Gates 4
200K400K20152018202120242027Typical sale price by year: 2015 AED 308,940; 2016 AED 323,453; 2017 AED 298,747; 2018 AED 310,000; 2019 AED 275,000; 2020 AED 245,000; 2021 AED 200,000; 2022 AED 240,000; 2023 AED 295,000; 2024 AED 350,000; 2025 AED 390,000; 2026 AED 410,000Sold by developer, July 2015: AED 306,000 (AED 878 per sqft)Sold, August 2017: AED 425,000 (AED 1,219 per sqft)

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

Rents
Unit 408, each contractTypical studio in Silicon Gates 4
20K30K40K2016201920222025Typical rent by year: 2016 AED 39,786; 2017 AED 36,000; 2018 AED 31,000; 2019 AED 25,000; 2020 AED 21,000; 2021 AED 19,000; 2022 AED 23,000; 2023 AED 27,000; 2024 AED 31,000; 2025 AED 34,000; 2026 AED 36,000New contract, November 2016: AED 38,000 a yearNew contract, February 2018: AED 37,500 a yearNew contract, June 2018: AED 38,000 a yearNew contract, August 2019: AED 26,000 a yearRenewal, August 2020: AED 19,946 a yearNew contract, February 2021: AED 19,000 a yearNew contract, February 2022: AED 22,000 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 4, and where 408 sits

All 193 studios →

408 last sold in August 2017 at AED 1,219 per sqft, 31% above what studios in Silicon Gates 4 were fetching at the time (AED 929). Over the last 12 months studios sold for AED 311,117 to 495,000, around AED 1,199 per sqft, and rent for AED 18,000 to 48,000 a year. 408's AED 22,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Oct 2026380,000
25 Aug 2026420,000
25 Aug 2026480,000
21 Aug 2026495,000
13 studio sales in the last 12 months

Silicon Gates 4

Building

297 apartments, studios to 4-bed over 8 floors in Dubai Silicon Oasis, completed in 2015 by Time Properties. 18 sold in the last 12 months.

Typical price per sqft
AED 1,147 Up 22.4%
Typical sale
AED 445K
Typical rent
AED 40K /yr
Typical yield
8.3%
Silicon Gates 4, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 4th floor

All 297 units in Silicon Gates 4
Value
401StudioAED 307K · May 2016
402StudioAED 352K · Sep 2015
403StudioAED 323K · Nov 2016
404StudioAED 400K · Sep 2025
4051-bedAED 544K · Dec 2016
407StudioAED 310K · Nov 2023
409StudioAED 220K · May 2021
1–7 of 37

408, Silicon Gates 4 in numbers

  • Sold twice: first on 2 July 2015 for AED 306,000, last on 29 August 2017 for AED 425,000 (AED 1,219 per sqft).
  • Rented since November 2016 on 7 Ejari contracts. The rent fell from AED 38,000 to AED 19,000 in 2021 and recovered to AED 22,000 by February 2022.
  • At AED 22,000 a year the gross yield on the 2017 price is 5.2%, before a service charge of about AED 4,000 a year (AED 11.58 per sqft).
  • Studios in Silicon Gates 4 sold for AED 311,117–495,000 in the 12 months to November 2026; the building's median across all types is AED 1,147 per sqft.

Source: Dubai Land Department. Updated 28 February 2022.

Questions about 408, Silicon Gates 4

What did unit 408 last sell for?

AED 425,000 on 29 August 2017: AED 1,219 per sqft for 348 sqft. The unit has 2 registered sales; the first was AED 306,000 in July 2015.

What is the rent for unit 408?

AED 22,000 a year on the contract signed on 28 February 2022. The previous contract, from February 2021, was AED 19,000; the unit has been rented since November 2016.

How big is unit 408?

348 sqft (32.3 sqm): a studio on the 4th floor of a 8-storey tower completed in 2015.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Silicon Gates 4 sold for AED 311,117 to 495,000 in the last 12 months, around AED 1,199 per sqft.

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Mortgage on 408, Silicon Gates 4

Starts from the last sale price (AED 425K, 29 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 425,000
Deposit, UAE resident (20%)
AED 85,000
Deposit, non-resident (40%)
AED 170,000
Monthly over 25 years at 3.7%
AED 1,739

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