Overview

Property Description

Located in Dubai Silicon Oasis (DSO), Platinum Residences is a residential complex made up of two buildings, Platinum Residences 1 and 2. They are situated three kilometers apart. Gulf General Investments Company PSC developed the project, which was completed in 2016. Design Center implemented the architectural design. The Platinum Residences 1, a seven-storey building, offers rental and purchase options for one-bedroom apartments. Units range in size from 730 sq. ft. to 856 sq. ft. A nine-storey building, Platinum Residences 2, offers two-bedroom apartments ranging in size from 1,146 sq. ft. to 1,450 sq. ft. The apartments have light-coloured interiors with fitted kitchens, bedrooms with built-in wardrobes, and panoramic glazed windows that bring in a great deal of natural light. An average one-bedroom apartment costs AED 550,000 (USD 150,000), while a two-bedroom apartment costs AED 800,000 (USD 218,000) to AED 1,000,000 (USD 272,000). *Prices are valid through 2021 Young couples, families with children, and professionals working in the area will find Platinum Residences a convenient place to live. The apartments are also ideal for students studying at nearby universities. AED 45,000 (USD 12,000) to AED 58,000 (USD 16,000) is the annual rental rate for Platinum Residences 1, and AED 60,000 (USD 16,000) to AED 65,000 (USD 18,000) is the annual rental rate for Platinum Residences 2. This area offers a return on investment rate between 7.6% and 7.9% for one- and two-bedroom apartments.

Location