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Studio · 498 sqftSilicon Heights, Dubai Silicon Oasis · 5th floor · completed 2011

515, Silicon Heights

Sold prices and rental history: sold once, by the developer in April 2015, 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 8 August 2022
Last soldAED 450K7 April 2015
Current rentAED 25K /yr8 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Silicon Heights

What is 515 worth today?

Last sold for AED 450,000 in 2015

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8 Aug 2022RentedNew contract
AED 25,000/yr12 months · AED 50 per sqft
16 Jul 2021RentedNew contract
AED 20,000/yr12 months · AED 40 per sqft
15 Jul 2020RentedNew contract
AED 22,000/yr12 months · AED 44 per sqft
1 Sep 2019RentedNew contract
AED 27,000/yr12 months · AED 55 per sqft
1 Sep 2017RentedNew contract
AED 39,000/yr12 months · AED 79 per sqft
25 Jul 2016RentedNew contract
AED 42,000/yr12 months · AED 85 per sqft
7 Apr 2015Sold by developerReady
AED 450,000AED 904 per sqft

Source: Dubai Land Department. Updated 8 August 2022.

Key facts

Type
Studio apartment
Size
498 sqft
Floor
5th of 8
Parking
B-166
Developer
Vision Avenue Homes
Completed
2011
Service charge
AED 5,300 /yr
Last sold
AED 450K · April 2015
Building
Silicon Heights

About 515, Silicon Heights

515 is a studio of 498 sqft on the 5th floor of Silicon Heights, a 8-storey tower in Dubai Silicon Oasis completed in 2011 by Vision Avenue Homes. The developer sold it on 7 April 2015 for AED 450,000, or AED 904 per sqft, in line with the AED 900 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 8 August 2022, is AED 25,000 a year: a gross yield of 5.6% on the 2015 price, before the service charge of about AED 5,300 a year.

Sales and rents for 515 over time

Sales
Unit 515, 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, April 2015: AED 450,000 (AED 904 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
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, July 2016: AED 42,000 a yearNew contract, September 2017: AED 39,000 a yearNew contract, September 2019: AED 27,000 a yearNew contract, July 2020: AED 22,000 a yearNew contract, July 2021: AED 20,000 a yearNew contract, August 2022: AED 25,000 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 515 sits

All 174 studios →

515 last sold in April 2015 at AED 904 per sqft, in line with what studios in Silicon Heights were fetching at the time (AED 900). 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. 515's AED 25,000 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 5th floor

All 277 units in Silicon Heights
Value
501StudioAED 395K · Jul 2014
5021-bedAED 590K · Jan 2025
503StudioAED 450K · Sep 2025
504StudioAED 445K · Aug 2017
505StudioAED 435K · Jun 2014
5061-bedAED 600K · Jul 2025
507StudioAED 450K · May 2014
1–7 of 31

515, Silicon Heights in numbers

  • Sold once: by Vision Avenue Homes on 7 April 2015 for AED 450,000, or AED 904 per sqft.
  • Rented since July 2016 on 6 Ejari contracts. The rent fell from AED 42,000 to AED 20,000 in 2021 and recovered to AED 25,000 by August 2022.
  • At AED 25,000 a year the gross yield on the 2015 price is 5.6%, 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 8 August 2022.

Questions about 515, Silicon Heights

What did unit 515 last sell for?

AED 450,000 on 7 April 2015, sold by the developer: AED 904 per sqft for 498 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 25,000 a year on the contract signed on 8 August 2022. The previous contract, from July 2021, was AED 20,000; the unit has been rented since July 2016.

How big is unit 515?

498 sqft (46.3 sqm): a studio on the 5th floor of a 8-storey tower completed in 2011.

What is unit 515 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 515, Silicon Heights

Starts from the last sale price (AED 450K, 7 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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