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Studio · 495 sqftSilicon Heights, Dubai Silicon Oasis · 2nd floor · completed 2011

231, Silicon Heights

Sold prices and rental history: sold 4 times, last in July 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 231 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 375K15 July 2024
Current rentAED 19K /yr12 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 231, Silicon Heights

What is 231 worth today?

Last sold for AED 375,000 in 2024

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15 Jul 2024SoldReady
AED 375,000AED 757 per sqft
12 Apr 2021RentedNew contract
AED 19,000/yr12 months · AED 38 per sqft
20 Mar 2019RentedRenewal
AED 30,000/yr12 months · AED 61 per sqft
20 Mar 2018RentedNew contract
AED 35,000/yr12 months · AED 71 per sqft
1 Dec 2014RentedNew contract
AED 44,554/yr12 months · AED 90 per sqft
23 Nov 2014SoldReady
AED 450,000AED 908 per sqft
24 Mar 2013SoldReady
AED 354,510AED 715 per sqft
14 Aug 2012Sold by developerOff-plan
AED 393,900AED 795 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
Studio apartment
Size
495 sqft
Floor
2nd of 8
Parking
B-102
Developer
Vision Avenue Homes
Completed
2011
Service charge
AED 5,300 /yr
Last sold
AED 375K · July 2024
Building
Silicon Heights

About 231, Silicon Heights

231 is a studio of 495 sqft on the 2nd floor of Silicon Heights, a 8-storey tower in Dubai Silicon Oasis completed in 2011 by Vision Avenue Homes. It last sold on 15 July 2024 for AED 375,000, or AED 757 per sqft, 7% above the AED 705 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 12 April 2021, is AED 19,000 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 5,300 a year.

Sales and rents for 231 over time

Sales
Unit 231, each saleTypical studio in Silicon Heights
300K400K20112015201920232027Typical sale price by year: 2011 AED 397,320; 2012 AED 379,260; 2013 AED 305,000; 2014 AED 432,500; 2015 AED 415,000; 2016 AED 417,500; 2017 AED 425,000; 2018 AED 350,000; 2019 AED 335,000; 2022 AED 280,000; 2023 AED 305,000; 2024 AED 390,000; 2025 AED 420,000; 2026 AED 448,000Sold by developer, August 2012: AED 393,900 (AED 795 per sqft)Sold, March 2013: AED 354,510 (AED 715 per sqft)Sold, November 2014: AED 450,000 (AED 908 per sqft)Sold, July 2024: AED 375,000 (AED 757 per sqft)

231 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 231, each contractTypical studio in Silicon Heights
20K40K2012201620202024Typical rent by year: 2012 AED 24,000; 2013 AED 26,400; 2014 AED 32,000; 2015 AED 42,000; 2016 AED 43,000; 2017 AED 41,768; 2018 AED 38,000; 2019 AED 30,000; 2020 AED 24,000; 2021 AED 21,000; 2022 AED 25,000; 2023 AED 30,000; 2024 AED 36,000; 2025 AED 40,000; 2026 AED 40,000New contract, December 2014: AED 44,554 a yearNew contract, March 2018: AED 35,000 a yearRenewal, March 2019: AED 30,000 a yearNew contract, April 2021: AED 19,000 a year

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

Studios in Silicon Heights, and where 231 sits

All 174 studios →

231 last sold in July 2024 at AED 757 per sqft, 7% above what studios in Silicon Heights were fetching at the time (AED 705). Over the last 12 months studios sold for AED 410,000 to 555,000, around AED 964 per sqft, and rent for AED 25,000 to 57,600 a year. 231's AED 19,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
27 Oct 2026430,000
27 Oct 2026450,000
23 Sep 2026435,000
5 Jun 2026410,000
10 studio sales in the last 12 months

Silicon Heights

Building

277 apartments, studios to 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2011 by Vision Avenue Homes. 16 sold in the last 12 months.

Typical price per sqft
AED 920 Up 10.4%
Typical sale
AED 450K
Typical rent
AED 44K /yr
Typical yield
8.9%
Silicon Heights, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 2nd floor

All 277 units in Silicon Heights
Value
201StudioAED 343K · Apr 2013
2021-bedAED 470K · Jul 2023
203StudioAED 410K · Sep 2024
204StudioAED 385K · Jan 2012
205StudioAED 245K · Dec 2012
2061-bedAED 620K · Dec 2015
2071-bedAED 325K · Oct 2023
1–7 of 30

231, Silicon Heights in numbers

  • Sold 4 times: first on 14 August 2012 for AED 393,900, last on 15 July 2024 for AED 375,000 (AED 757 per sqft).
  • Rented since December 2014 on 4 Ejari contracts, from AED 44,554 to AED 19,000 a year.
  • At AED 19,000 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 5,300 a year (AED 10.65 per sqft).
  • Studios in Silicon Heights sold for AED 410,000–555,000 in the 12 months to November 2026; the building's median across all types is AED 920 per sqft.

Source: Dubai Land Department. Updated 15 July 2024.

Questions about 231, Silicon Heights

What did unit 231 last sell for?

AED 375,000 on 15 July 2024: AED 757 per sqft for 495 sqft. The unit has 4 registered sales; the first was AED 393,900 in August 2012.

What is the rent for unit 231?

AED 19,000 a year on the contract signed on 12 April 2021. The previous contract, from March 2019, was AED 30,000; the unit has been rented since December 2014.

How big is unit 231?

495 sqft (46.0 sqm): a studio on the 2nd floor of a 8-storey tower completed in 2011.

What is unit 231 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Silicon Heights sold for AED 410,000 to 555,000 in the last 12 months, around AED 964 per sqft.

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Mortgage on 231, Silicon Heights

Starts from the last sale price (AED 375K, 15 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 375,000
Deposit, UAE resident (20%)
AED 75,000
Deposit, non-resident (40%)
AED 150,000
Monthly over 25 years at 3.7%
AED 1,534

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