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2-bed · 584 sqftSilicon Heights 2, Dubai Silicon Oasis · 4th floor

413, Silicon Heights 2

Sold prices and rental history: sold once, by the developer in May 2017, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 413 · DLD and Ejari recordsUpdated 1 May 2019
Last soldAED 1.13M31 May 2017
Current rentAED 80K /yr1 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 413, Silicon Heights 2

What is 413 worth today?

Last sold for AED 1,125,000 in 2017

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1 May 2019RentedNew contract
AED 80,000/yr12 months · AED 69 per sqft
1 May 2018RentedNew contract
AED 85,000/yr12 months · AED 73 per sqft
31 May 2017Sold by developerReady
AED 1,125,000AED 963 per sqft
1 Sep 2016RentedNew contract
AED 92,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 1 May 2019.

Key facts

Type
2-bed apartment
Size
584 sqft
Floor
4th of 9
Parking
B-91, B-92
Service charge
AED 6,200 /yr
Last sold
AED 1.13M · May 2017
Building
Silicon Heights 2

About 413, Silicon Heights 2

413 is a two-bedroom apartment of 584 sqft on the 4th floor of Silicon Heights 2, a 9-storey tower in Dubai Silicon Oasis. The developer sold it on 31 May 2017 for AED 1,125,000, or AED 963 per sqft, 32% above the AED 731 two-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 1 May 2019, is AED 80,000 a year: a gross yield of 7.1% on the 2017 price, before the service charge of about AED 6,200 a year.

Sales and rents for 413 over time

Sales
Unit 413, each saleTypical two-bed in Silicon Heights 2
800K1M20162018202020222024Typical sale price by year: 2016 AED 839,035; 2017 AED 997,500; 2023 AED 780,000Sold by developer, May 2017: AED 1,125,000 (AED 963 per sqft)

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

Rents
Unit 413, each contractTypical two-bed in Silicon Heights 2
60K80K2016201920222025Typical rent by year: 2016 AED 92,000; 2017 AED 83,000; 2018 AED 82,250; 2019 AED 70,000; 2020 AED 57,000; 2021 AED 50,000; 2022 AED 54,000; 2023 AED 60,500; 2024 AED 69,000; 2025 AED 75,877; 2026 AED 85,000New contract, September 2016: AED 92,000 a yearNew contract, May 2018: AED 85,000 a yearNew contract, May 2019: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Silicon Heights 2, and where 413 sits

All 34 2-beds →

413 last sold in May 2017 at AED 963 per sqft, 32% above what two-beds in Silicon Heights 2 were fetching at the time (AED 731). Over the last 12 months two-beds sold for AED 1,075,000 to 1,260,000, around AED 1,014 per sqft, and rent for AED 62,370 to 90,000 a year. 413's AED 80,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Aug 20261,075,000
21 Jan 20261,260,000
21 Oct 20251,300,000
30 Jul 20251,200,000
2 2-bed sales in the last 12 months

Silicon Heights 2

Building

235 apartments, studios to 3-bed over 9 floors in Dubai Silicon Oasis. 13 sold in the last 12 months.

Typical price per sqft
AED 991 Up 5.5%
Typical sale
AED 760K
Typical rent
AED 54K /yr
Typical yield
8.1%
Silicon Heights 2, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 4th floor

All 235 units in Silicon Heights 2
Value
4011-bedAED 700K · Feb 2017
4021-bedAED 617K · Nov 2016
4031-bedAED 575K · Oct 2016
4041-bedAED 578K · Oct 2016
405StudioAED 480K · Oct 2016
4061-bedAED 508K · Dec 2018
4071-bedAED 655K · Sep 2016
1–7 of 26

413, Silicon Heights 2 in numbers

  • Sold once: by the developer on 31 May 2017 for AED 1,125,000, or AED 963 per sqft.
  • Rented since September 2016 on 3 Ejari contracts, from AED 92,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2017 price is 7.1%, before a service charge of about AED 6,200 a year (AED 10.65 per sqft).
  • Two-beds in Silicon Heights 2 sold for AED 1,075,000–1,260,000 in the 12 months to November 2026; the building's median across all types is AED 991 per sqft.

Source: Dubai Land Department. Updated 1 May 2019.

Questions about 413, Silicon Heights 2

What did unit 413 last sell for?

AED 1,125,000 on 31 May 2017, sold by the developer: AED 963 per sqft for 584 sqft. It is the only registered sale of the unit.

What is the rent for unit 413?

AED 80,000 a year on the contract signed on 1 May 2019. The previous contract, from May 2018, was AED 85,000; the unit has been rented since September 2016.

How big is unit 413?

584 sqft (54.3 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower.

What is unit 413 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Silicon Heights 2 sold for AED 1,075,000 to 1,260,000 in the last 12 months, around AED 1,014 per sqft.

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Mortgage on 413, Silicon Heights 2

Starts from the last sale price (AED 1.13M, 31 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,125,000
Deposit, UAE resident (20%)
AED 225,000
Deposit, non-resident (40%)
AED 450,000
Monthly over 25 years at 3.7%
AED 4,603

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