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Studio · 443 sqftSilicon Heights 2, Dubai Silicon Oasis · 5th floor

515, Silicon Heights 2

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 5 February 2024
Last soldAED 475K22 July 2018
Current rentAED 43K /yr5 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Silicon Heights 2

What is 515 worth today?

Last sold for AED 475,000 in 2018

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5 Feb 2024RentedNew contract
AED 43,287/yr9 months · AED 98 per sqft
1 Aug 2022RentedNew contract
AED 26,000/yr12 months · AED 59 per sqft
1 Aug 2021RentedNew contract
AED 23,000/yr12 months · AED 52 per sqft
1 Aug 2020RentedNew contract
AED 23,000/yr12 months · AED 52 per sqft
5 Jan 2019RentedNew contract
AED 34,000/yr12 months · AED 77 per sqft
22 Jul 2018Sold by developerReady
AED 475,000AED 1,071 per sqft
11 Nov 2016RentedNew contract
AED 46,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 5 February 2024.

Key facts

Type
Studio apartment
Size
443 sqft
Floor
5th of 9
Parking
P1-117
Service charge
AED 4,700 /yr
Last sold
AED 475K · July 2018
Building
Silicon Heights 2

About 515, Silicon Heights 2

515 is a studio of 443 sqft on the 5th floor of Silicon Heights 2, a 9-storey tower in Dubai Silicon Oasis. The developer sold it on 22 July 2018 for AED 475,000, or AED 1,071 per sqft, in line with the AED 1,063 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 5 February 2024, is AED 43,287 a year: a gross yield of 9.1% on the 2018 price, before the service charge of about AED 4,700 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical studio in Silicon Heights 2
300K400K500K2016201920222025Typical sale price by year: 2016 AED 469,000; 2017 AED 480,000; 2018 AED 475,000; 2021 AED 312,500; 2023 AED 360,000; 2024 AED 460,000; 2025 AED 465,000Sold by developer, July 2018: AED 475,000 (AED 1,071 per sqft)

515 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 515, each contractTypical studio in Silicon Heights 2
20K40K2016201920222025Typical rent by year: 2016 AED 45,000; 2017 AED 43,000; 2018 AED 40,000; 2019 AED 32,000; 2020 AED 25,000; 2021 AED 24,000; 2022 AED 27,000; 2023 AED 30,360; 2024 AED 38,000; 2025 AED 44,000; 2026 AED 43,000New contract, November 2016: AED 46,000 a yearNew contract, January 2019: AED 34,000 a yearNew contract, August 2020: AED 23,000 a yearNew contract, August 2021: AED 23,000 a yearNew contract, August 2022: AED 26,000 a yearNew contract, February 2024: AED 43,287 a year

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

Studios in Silicon Heights 2, and where 515 sits

All 72 studios →

515 last sold in July 2018 at AED 1,071 per sqft, in line with what studios in Silicon Heights 2 were fetching at the time (AED 1,063). 515's AED 43,287 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
15 Oct 2025555,000
17 Jun 2025460,000
2 Jun 2025460,000
14 Mar 2025470,000
0 studio 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 5th floor

All 235 units in Silicon Heights 2
Value
5011-bedAED 670K · Sep 2016
5021-bedAED 617K · Jan 2017
5031-bedAED 700K · Apr 2017
5041-bedAED 640K · Nov 2016
505StudioAED 360K · Aug 2023
5061-bedAED 470K · Jan 2023
5071-bedAED 660K · Mar 2025
1–7 of 26

515, Silicon Heights 2 in numbers

  • Sold once: by the developer on 22 July 2018 for AED 475,000, or AED 1,071 per sqft.
  • Rented since November 2016 on 6 Ejari contracts. The rent fell from AED 46,000 to AED 23,000 in 2021 and recovered to AED 43,287 by February 2024.
  • At AED 43,287 a year the gross yield on the 2018 price is 9.1%, before a service charge of about AED 4,700 a year (AED 10.65 per sqft).

Source: Dubai Land Department. Updated 5 February 2024.

Questions about 515, Silicon Heights 2

What did unit 515 last sell for?

AED 475,000 on 22 July 2018, sold by the developer: AED 1,071 per sqft for 443 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 43,287 a year on the contract signed on 5 February 2024. The previous contract, from August 2022, was AED 26,000; the unit has been rented since November 2016.

How big is unit 515?

443 sqft (41.2 sqm): a studio on the 5th floor of a 9-storey tower.

What is unit 515 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 515, Silicon Heights 2

Starts from the last sale price (AED 475K, 22 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 475,000
Deposit, UAE resident (20%)
AED 95,000
Deposit, non-resident (40%)
AED 190,000
Monthly over 25 years at 3.7%
AED 1,943

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