Why choose siliocon oasis community
Dubai Silicon Oasis (DSO) is a coveted address in Dubai. More commonly known as Silicon Oasis, it is a suburb buzzing with technology and innovation in the commercial sector. The development offers a free trade zone and facilitates companies operating within the technology park. It is described as a centrally-located community that integrates living and working spaces seamlessly.
COMMUNITY OVERVIEW
Dubai Silicon Oasis (DSO) is a coveted address in Dubai. More commonly known as Silicon Oasis, it is a suburb buzzing with technology and innovation in the commercial sector. The development offers a free trade zone and facilitates companies operating within the technology park. It is described as a centrally-located community that integrates living and working spaces seamlessly.
DSO was established in line with the country’s focus on “facilitating and promoting modern technology-based industries”. What started as a supportive infrastructure for tech start-ups quickly evolved into a multi-cultural residential area that is a popular choice for both tenants and property buyers in the UAE. The community now offers an array of property types. Moreover, it is a considerable option if you are looking for affordable rentals for chiller-free and luxury apartments for rent in Dubai Silicon Oasis.
| # | Apartment Type | Average Rental Price in AED |
|---|---|---|
| 1 | STUDIO | 25000 |
| 2 | 1-BED | 37000 |
| 3 | 2-BED | 58000 |
| 4 | 3-BED | 79000 |
Dubai Silicon Oasis is mainly a leasehold area with Cedre Villas being the only cluster offering freehold properties. All Silicon Oasis apartments for sale are leasehold only, generally sold on a 99-year lease. Interested investors can expect to shell out an average of AED 304k for DSO studios for sale, and around AED 470k to buy a 1-bedroom apartment in Dubai Silicon. Moreover, a 2-bedroom flat for sale is suitable for anyone interested in a bigger apartment in DSO. The average sale price of such units is AED 710k while that of a 3-bed apartment in Silicon Oasis is AED 1M.
| # | Apartment Type | Average Sale Price in AED |
|---|---|---|
| 1 | STUDIO | 304,000 |
| 2 | 1-BED | 472,000 |
| 3 | 2-BED | 710,000 |
| 4 | 3-BED | 1,000,000 |
Anyone looking to buy a home in Dubai Silicon Oasis can go for independent villas for sale. A 3-bedroom villa in DSO is priced at an average of AED 2.3M while buying a larger 4-bedroom villa will cost you around AED 2.6M. Similarly, the larger 5-bed villas for sale in Silicon Oasis range from AED 2.8 to AED 2.95M.
The lowest rental yield recorded for apartments in DSO is 7.5% for 3-beds. 2-bed flats offer the highest, ROI of 7.9% while studios and 1-bed flats closely follow with 7.8% and 7.6% of returns respectively. Interested investors can consider Axis Residence as it ranks first among the top 5 buildings to buy apartments in Silicon Oasis according to the trends recorded at Bayut. Silicon Gates is also a popular-favourite option. According to the searches on Bayut, the villas in the community are also found offering lucrative returns. 5-beds top the list with a 6.2% return. 3 and 4-bedroom villas also follow closely with 5.7% and 5.9% yield respectively.
| # | Apartment Type | ROI |
|---|---|---|
| 1 | STUDIO | 7.8% |
| 2 | 1-BED | 7.6% |
| 3 | 2-BED | 7.9% |
| 4 | 3-BED | 7.5% |
| # | Villa Type | ROI |
|---|---|---|
| 1 | 3-BED | 5.7% |
| 2 | 4-BED | 5.9% |
| 3 | 5-BED | 6.2% |
There are many grocery stores, corner shops and supermarkets in Dubai Silicon Oasis. Residents can access plenty of shops for groceries and day-to-day essentials, including Spinneys in Cedre Villas Community Centre and several outlets of Carrefour located below the residential towers.
There are many mosques in Silicon Oasis. Each of the villa clusters has a community mosque, while other parts of the neighbourhood feature prayer halls at convenient intervals.
The churches near Dubai Silicon Oasis include St. Mary’s Catholic Church, 22 minutes away. Whereas, a drive to the temples in Bur Dubai may take around 30 minutes.
DSO is ideal for families with children. There are many nurseries in Dubai Silicon Oasis such as Emirates British Nursery and British Orchard Nursery. Those in early ages can also go to GEMS Wellington Academy. It offers both the UK and IB curriculum and is one of the top-rated schools in the country.
Moreover, GEMS Modern Academy and Kings School Nad Al Sheba are some of the most notable schools near DSO. Vernus International School is a newly opened institute offering the American curriculum until Grade 5.
Extremely practical for young adults graduating high school and those seeking higher education, Dubai Silicon Oasis is located close to Academic City – the home of many internationally accredited universities. The closest options include Murdoch University in Dubai, Herriott-Watt University and the University of Wollongong. In addition, the community is home to Rochester Institute of Technology (RIT), a recognized New York-based institute offering degrees in technology and business.
There are several medical clinics and speciality centres at convenient intervals within the community. Notable names of clinics in Silicon Oasis include Aster Clinic, Magnum Gulf Medical Center and Medicure Clinic. While there are no big hospitals in Dubai Silicon Oasis, Fakeeh University Hospital in Academic City is accessible within a few minutes. DSO is also home to quite a few pharmacies.
Dubai Silicon Oasis is a haven for property seekers. With many buildings and property types to choose from, it can be a daunting task to pick the one that’s right for you. Take a look at the top five locations in Dubai Silicon Oasis to help your cause.
The apartment complex of Silicon Gates and Axis Residences fared best in 2020. These two projects also top the list of buildings for renting apartments in Silicon Oasis. Silicon Gates is divided into three residential blocks offering studios, 1, 2, 3 and 4-bedroom flats with access to a range of recreational and fitness facilities within the complex. Interested investors can buy a studio in Silicon Gates with prices starting from AED 250k, while 1-bedroom flats for sale cost around AED 350k.
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