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1-bed · 731 sqftSilicon Heights 2, Dubai Silicon Oasis · 4th floor

424, Silicon Heights 2

Sold prices and rental history: sold 3 times, last in July 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 424 · DLD and Ejari recordsUpdated 26 July 2023
Last soldAED 495K26 July 2023
Current rentAED 41K /yr25 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 424, Silicon Heights 2

What is 424 worth today?

Last sold for AED 495,000 in 2023

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26 Jul 2023SoldReady
AED 495,000AED 677 per sqft
25 Feb 2023RentedNew contract
AED 41,000/yr12 months · AED 56 per sqft
9 Sep 2019RentedNew contract
AED 45,000/yr12 months · AED 62 per sqft
15 May 2019RentedNew contract
AED 45,000/yr12 months · AED 62 per sqft
4 Oct 2017SoldReady
AED 750,000AED 1,026 per sqft
17 Jan 2017RentedNew contract
AED 60,000/yr12 months · AED 82 per sqft
10 Jan 2017Sold by developerReady
AED 593,921AED 812 per sqft

Source: Dubai Land Department. Updated 26 July 2023.

Key facts

Type
1-bed apartment
Size
731 sqft
Floor
4th of 9
Parking
B-116
Service charge
AED 7,800 /yr
Last sold
AED 495K · July 2023
Building
Silicon Heights 2

About 424, Silicon Heights 2

424 is a one-bedroom apartment of 731 sqft on the 4th floor of Silicon Heights 2, a 9-storey tower in Dubai Silicon Oasis. It last sold on 26 July 2023 for AED 495,000, or AED 677 per sqft, 7% above the AED 635 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 25 February 2023, is AED 41,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 7,800 a year.

Sales and rents for 424 over time

Sales
Unit 424, each saleTypical one-bed in Silicon Heights 2
600K2016201920222025Typical sale price by year: 2016 AED 640,824; 2017 AED 677,500; 2018 AED 638,311; 2022 AED 475,000; 2023 AED 482,500; 2024 AED 590,000; 2025 AED 700,000; 2026 AED 742,500Sold by developer, January 2017: AED 593,921 (AED 812 per sqft)Sold, October 2017: AED 750,000 (AED 1,026 per sqft)Sold, July 2023: AED 495,000 (AED 677 per sqft)

424 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 424, each contractTypical one-bed in Silicon Heights 2
40K60K2016201920222025Typical rent by year: 2016 AED 65,000; 2017 AED 60,000; 2018 AED 56,500; 2019 AED 45,000; 2020 AED 37,250; 2021 AED 34,000; 2022 AED 38,000; 2023 AED 42,881; 2024 AED 51,000; 2025 AED 58,000; 2026 AED 59,000New contract, January 2017: AED 60,000 a yearNew contract, May 2019: AED 45,000 a yearNew contract, September 2019: AED 45,000 a yearNew contract, February 2023: AED 41,000 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 Heights 2, and where 424 sits

All 120 1-beds →

424 last sold in July 2023 at AED 677 per sqft, 7% above what one-beds in Silicon Heights 2 were fetching at the time (AED 635). Over the last 12 months one-beds sold for AED 670,000 to 850,000, around AED 982 per sqft, and rent for AED 44,000 to 100,000 a year. 424's AED 41,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Oct 2026745,000
7 Oct 2026710,000
21 Jul 2026725,000
4 Jun 2026850,000
10 1-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

424, Silicon Heights 2 in numbers

  • Sold 3 times: first on 10 January 2017 for AED 593,921, last on 26 July 2023 for AED 495,000 (AED 677 per sqft).
  • Rented since January 2017 on 4 Ejari contracts, from AED 60,000 to AED 41,000 a year.
  • At AED 41,000 a year the gross yield on the 2023 price is 8.3%, before a service charge of about AED 7,800 a year (AED 10.65 per sqft).
  • One-beds in Silicon Heights 2 sold for AED 670,000–850,000 in the 12 months to November 2026; the building's median across all types is AED 991 per sqft.

Source: Dubai Land Department. Updated 26 July 2023.

Questions about 424, Silicon Heights 2

What did unit 424 last sell for?

AED 495,000 on 26 July 2023: AED 677 per sqft for 731 sqft. The unit has 3 registered sales; the first was AED 593,921 in January 2017.

What is the rent for unit 424?

AED 41,000 a year on the contract signed on 25 February 2023. The previous contract, from September 2019, was AED 45,000; the unit has been rented since January 2017.

How big is unit 424?

731 sqft (67.9 sqm): a one-bedroom apartment on the 4th floor of a 9-storey tower.

What is unit 424 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Silicon Heights 2 sold for AED 670,000 to 850,000 in the last 12 months, around AED 982 per sqft.

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Mortgage on 424, Silicon Heights 2

Starts from the last sale price (AED 495K, 26 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 495,000
Deposit, UAE resident (20%)
AED 99,000
Deposit, non-resident (40%)
AED 198,000
Monthly over 25 years at 3.7%
AED 2,025

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