Platinum Residences is a residential complex located in Dubai Silicon Oasis (DSO). The development consists of two buildings, Platinum Residences 1 and 2, that were built three kilometres apart. The project was developed by Gulf General Investments Company PSC and was fully completed in 2016. The architectural design was implemented by Design Center.
Platinum Residences 1, a seven-storey building, includes one-bedroom apartments that are available to buy and rent. Units range in size from 730 sq. ft. to 856 sq. ft. Platinum Residences 2, a nine-storey building, offers two-bedroom apartments that range in size from 1,146 sq. ft. to 1,450 sq. ft.
Apartments feature light-coloured interiors, fitted kitchen areas with furniture and appliances, and bedrooms have built-in wardrobes. Properties also have panoramic glazed windows that allow for the maximum amount of natural light and make the rooms visually seem larger.
The buildings provide a variety of amenities and services, including:
One-bedroom apartments have an average price of AED 550,000 (USD 150,000), and two-bedroom apartments range in price from AED 800,000 (USD 218,000) to AED 1,000,000 (USD 272,000).
*The price is valid for 2021
Dubai Silicon Oasis is a free economic zone that encourages technology and innovation within the commercial sector. Residents have easy access to nearby public transport stops, supermarkets, restaurants, and entertainment venues.
The nearest bus stop, Silicon Oasis SP Oasis 1, can be reached within a 10-minute walk of the buildings. Green Park Supermarket, Zaal Grocery, Flames of Flavours, and Copper Kettle Restaurant are situated within a 10-minute walk. The Silicon Oasis Masjid 2 bus stop, West Zone Fresh Supermarket, Yas Mini Market, and Zaks My Sandwich are also located within a short distance of the residents.
Souq Extra Mall and GEMS Wellington Academy School can be reached within a five-minute drive of the apartments. Residents have easy access to Sheikh Zayed Bin Hamdan Al Nahyan Street, Al Ain-Dubai Road, and Sheikh Mohammed Bin Zayed Road, which provide direct routes to other parts of the emirate.
The complex is located within a 10- to 20-minute drive of several popular destinations, including:
Platinum Residences is a convenient place to live for young couples, families with children, and professionals working in the area. Apartments are also well suited for those studying at nearby universities in Academic City.
Properties at Platinum Residences 1 have an annual rental rate that ranges from AED 45,000 (USD 12,000) to AED 58,000 (USD 16,000), and apartments at Platinum Residences 2 have an annual rental rate that ranges from AED 60,000 (USD 16,000) to AED 65,000 (USD 18,000). One- to two-bedroom apartments in the area have a return on investment rate that ranges from 7.6% and 7.9%.
*The price is valid for 2021
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