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BuildingDubai Silicon Oasis · Tameer Holding Investment · 2009

Palace Towers Residential Block

Studios to two-beds in Dubai Silicon Oasis. 32 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 7 November 2026
Typical price per sqftAED 906Up 5.1% on the year
Typical saleAED 443K32 sales
Typical rentAED 42K /yrAED 83 per sqft
Typical yield9.2%AED 16.09/sqft charge
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About Palace Towers Residential Block

Palace Towers Residential Block is a 22-storey apartment building in Dubai Silicon Oasis, Dubai. It was developed by Tameer Holding Investment and completed in 2009. The building has 424 apartments, from studios to two-bedroom units, with sizes from 113 to 1,023 sqft. It stands among other residential buildings in the community, including Palace Towers T3, Spring Tower and Silicon Gates 1. Everyday amenities are close by. VIVA Supermarket, Life Medical Centre and two schools, AURA Kids PlayCare and Eduscan Institute, are each within walking distance, about 100 m away. DSO Park is also within walking distance, about 200 m away.

424 apartments over 22 floors: 280 studios of 113 to 514 sqft, 72 one-beds of 762 to 826 sqft and 72 two-beds of 247 to 1,023 sqft. The service charge is AED 16.09 per sqft a year.

32 apartments sold in the 12 months to November 2026, at a median of AED 906 per sqft, up 5.1% on the year before. Most of the trading is in studios: 22 of the 32 sales, at AED 320,000 to 470,000, which is why the typical sale sits below the price of its larger homes. 235 rental contracts were registered over the same 12 months, at a typical AED 42,000 a year.

Developer
Tameer Holding Investment
Completed
2009
Floors
22
Units
424
Unit types
Studio to 2-bed

Dubai Silicon Oasis, Dubai

Average prices in Palace Towers Residential Block

In Palace Towers Residential Block, typical sale prices over the last 12 months were around AED 427,000 for studios, AED 595,000 for one-beds and AED 840,000 for two-beds.

Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.

Price history in Palace Towers Residential Block

8001,0001,200May 2026Nov 20262025-11-26: AED 954, Studio, 482 sqft2025-12-09: AED 936, Studio, 459 sqft2025-12-11: AED 686, Studio, 510 sqft2025-12-15: AED 1,088, Studio, 344 sqft2025-12-19: AED 833, 2-bed, 990 sqft2026-01-02: AED 883, 2-bed, 990 sqft2026-01-16: AED 848, 2-bed, 990 sqft2026-01-26: AED 881, Studio, 431 sqft2026-02-12: AED 992, Studio, 431 sqft2026-02-13: AED 1,020, Studio, 431 sqft2026-02-19: AED 787, 1-bed, 775 sqft2026-03-02: AED 1,236, Studio, 344 sqft2026-03-09: AED 886, Studio, 459 sqft2026-03-26: AED 935, Studio, 470 sqft2026-04-06: AED 848, 2-bed, 990 sqft2026-04-07: AED 720, 1-bed, 826 sqft2026-04-15: AED 1,043, Studio, 431 sqft2026-04-15: AED 975, Studio, 482 sqft2026-05-05: AED 888, 2-bed, 990 sqft2026-05-20: AED 886, Studio, 459 sqft2026-06-08: AED 867, Studio, 482 sqft2026-06-26: AED 671, 1-bed, 826 sqft2026-07-03: AED 999, Studio, 470 sqft2026-07-09: AED 1,066, Studio, 431 sqft2026-07-14: AED 927, Studio, 431 sqft2026-07-17: AED 677, Studio, 472 sqft2026-07-21: AED 969, Studio, 459 sqft2026-08-20: AED 1,134, Studio, 344 sqft2026-08-21: AED 868, 2-bed, 990 sqft2026-09-11: AED 848, 2-bed, 990 sqft2026-10-01: AED 924, Studio, 470 sqft2026-10-05: AED 1,149, Studio, 344 sqftTrend: AED 879 to AED 943

Every registered sale in the last 12 months; the dashed line is the trend, grey dots are flagged outliers left out of it.

Transaction history in Palace Towers Residential Block

  • CompletedStudio · 343 sqft 05 Oct 2026AED 395,0001,149 /sqft
  • CompletedStudio · 470 sqft 01 Oct 2026AED 435,000925 /sqft
  • Completed2-bed · 989 sqft 11 Sep 2026AED 840,000849 /sqft
  • Completed2-bed · 989 sqft 21 Aug 2026AED 860,000869 /sqft
  • CompletedStudio · 343 sqft 20 Aug 2026AED 390,0001,135 /sqft
  • CompletedStudio · 459 sqft 21 Jul 2026AED 445,000969 /sqft
  • CompletedStudio · 472 sqft 17 Jul 2026AED 320,000678 /sqft
  • CompletedStudio · 431 sqft 14 Jul 2026AED 400,000927 /sqft
  • CompletedStudio · 431 sqft 09 Jul 2026AED 460,0001,067 /sqft
  • CompletedStudio · 470 sqft 03 Jul 2026AED 470,000999 /sqft

Over the last 12 months, Palace Towers Residential Block has recorded 32 apartment sales. Typical homes sold for around AED 443K (about AED 906 per sqft) with a median size of 470 sqft; most were studios, from roughly AED 320K to AED 880K.

1–10 of 1,408

Units in Palace Towers Residential Block

424 units
  • Unit 5011-bed · 826 sqftSold AED 385K, Jul 2021
  • Unit 502Studio · 470 sqftSold AED 359K, Aug 2010
  • Unit 503Studio · 459 sqftSold AED 339K, Jun 2010
  • Unit 504Studio · 431 sqftSold AED 319K, May 2010
  • Unit 5052-bed · 247 sqftSold AED 175K, Sep 2025
  • Unit 506Studio · 344 sqftSold AED 298K, Aug 2010
  • Unit 507Studio · 344 sqftSold AED 325K, Oct 2023
  • Unit 5082-bed · 990 sqftSold AED 840K, Apr 2026
  • Unit 509Studio · 431 sqftSold AED 332K, Oct 2023
  • Unit 5101-bed · 794 sqftSold AED 470K, Aug 2024
1–10 of 424
Every unit in Palace Towers Residential Block, by number

By type: studios (280), one-beds (72), two-beds (72).

Nearby in Dubai Silicon Oasis

All 78 →
BuildingSale /sqftYield
Palace Towers T3Few sales
Spring TowerAED 8788.2%
Silicon Gates 1AED 8778.9%
SIT TowerFew sales
Ruby ResidenceAED 9647.5%
1–5 of 77 · nearest first

Palace Towers Residential Block in numbers

  • Across 32 DLD sales in the 12 months to November 2026, the median price in Palace Towers Residential Block was AED 906 per sqft and the typical home sold for about AED 443K.
  • Completed in 2009 by Tameer Holding Investment; 22 floors of studios to two-beds; service charge AED 16.09 per sqft a year.
  • Studios of 113 to 514 sqft sold for AED 320,000 to 470,000 between November 2025 and October 2026, a median AED 962 per sqft.
  • A studio of 113 to 514 sqft rents for AED 10,714 to 66,000 a year on the 161 contracts registered in the last 12 months.
  • Gross rental yield 9.2%: the median rent per sqft over the median sale price per sqft, before service charges.

Source: Dubai Land Department. Updated 7 November 2026.

Questions

How much does a studio in Palace Towers Residential Block cost?

22 studios sold in the 12 months to November 2026, for AED 320,000 to 470,000; the median was AED 426,500, or AED 962 per sqft.

How much is a studio for rent in Palace Towers Residential Block?

About AED 39,000 a year: that is the median of the 161 contracts for studios registered with Ejari in the 12 months to November 2026, from AED 10,714 to 66,000.

What is the rental yield in Palace Towers Residential Block?

About 9.2% gross across the building, from about 9.4% for studios to 8.1% for two-beds, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.

Have prices in Palace Towers Residential Block gone up?

The median price per sqft rose from about AED 862 to AED 906 over the 12 months to November 2026, up 5.1%, on 32 sales against 49 the year before.

What is the service charge in Palace Towers Residential Block?

AED 16.09 per sqft a year. For a typical 470 sqft home that is about AED 7,600 a year.

Who built Palace Towers Residential Block and when?

Tameer Holding Investment; completed in 2009; 22 floors; 424 apartments.

How many apartments are there in Palace Towers Residential Block?

424, studios to two-beds. Each has its own page with its full sales and rental history.

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