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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 10th floor · completed 2009

1002, Palace Towers Residential Block

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 17 July 2026
Last soldAED 185K10 August 2010
Current rentAED 39K /yr17 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Palace Towers Residential Block

What is 1002 worth today?

Last sold for AED 184,500 in 2010

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17 Jul 2026RentedRenewal
AED 39,000/yr12 months · AED 83 per sqft
17 Jul 2025RentedRenewal
AED 37,000/yr12 months · AED 79 per sqft
17 Jul 2024RentedNew contract
AED 34,000/yr12 months · AED 72 per sqft
10 Jun 2023RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
10 Jun 2023RentedNew contract
AED 32,000/yr12 months · AED 68 per sqft
10 Oct 2019RentedNew contract
AED 24,000/yr12 months · AED 51 per sqft
24 Mar 2016RentedRenewal
AED 40,000/yr12 months · AED 84 per sqft
24 Mar 2015RentedNew contract
AED 36,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 17 July 2026.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
10th of 22
Parking
B2-32
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 185K · August 2010
Building
Palace Towers Residential Block

About 1002, Palace Towers Residential Block

1002 is a studio of 470 sqft on the 10th floor of Palace Towers Residential Block, a 22-storey tower in Dubai Silicon Oasis completed in 2009 by Tameer Holding Investment. The developer sold it on 10 August 2010 for AED 184,500, or AED 392 per sqft, 53% below the AED 835 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 17 July 2026, is AED 39,000 a year: a gross yield of 21.1% on the 2010 price, before the service charge of about AED 7,600 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical studio in Palace Towers Residential Block
200K400K2009201420192024Typical sale price by year: 2009 AED 369,000; 2010 AED 362,000; 2011 AED 311,640; 2012 AED 255,000; 2013 AED 326,600; 2014 AED 425,000; 2015 AED 415,000; 2016 AED 405,000; 2017 AED 415,000; 2018 AED 312,500; 2019 AED 275,000; 2020 AED 222,500; 2021 AED 242,500; 2022 AED 250,000; 2023 AED 300,000; 2024 AED 365,000; 2025 AED 420,000; 2026 AED 426,500Sold by developer, August 2010: AED 184,500 (AED 392 per sqft)

1002 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1002, each contractTypical studio in Palace Towers Residential Block
20K30K40K2012201620202024Typical rent by year: 2012 AED 26,500; 2013 AED 30,000; 2014 AED 35,000; 2015 AED 40,000; 2016 AED 40,000; 2017 AED 40,000; 2018 AED 35,000; 2019 AED 30,000; 2020 AED 24,000; 2021 AED 22,000; 2022 AED 25,000; 2023 AED 30,000; 2024 AED 33,536; 2025 AED 38,400; 2026 AED 39,000New contract, March 2013: AED 28,000 a yearNew contract, March 2014: AED 32,000 a yearNew contract, March 2015: AED 36,000 a yearRenewal, March 2016: AED 40,000 a yearNew contract, October 2019: AED 24,000 a yearNew contract, June 2023: AED 30,000 a yearNew contract, June 2023: AED 32,000 a yearNew contract, July 2024: AED 34,000 a yearRenewal, July 2025: AED 37,000 a yearRenewal, July 2026: AED 39,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Palace Towers Residential Block, and where 1002 sits

All 280 studios →

1002 last sold in August 2010 at AED 392 per sqft, 53% below what studios in Palace Towers Residential Block were fetching at the time (AED 835). Over the last 12 months studios sold for AED 320,000 to 470,000, around AED 962 per sqft, and rent for AED 10,714 to 66,000 a year. 1002's AED 39,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
5 Oct 2026395,000
1 Oct 2026435,000
20 Aug 2026390,000
21 Jul 2026445,000
22 studio sales in the last 12 months

Palace Towers Residential Block

Building

424 apartments, studios to 2-bed over 22 floors in Dubai Silicon Oasis, completed in 2009 by Tameer Holding Investment. 32 sold in the last 12 months.

Typical price per sqft
AED 906 Up 5.1%
Typical sale
AED 443K
Typical rent
AED 42K /yr
Typical yield
9.2%
Palace Towers Residential Block, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 10th floor

All 424 units in Palace Towers Residential Block
Value
10011-bedAED 555K · Jun 2026
1003StudioAED 366K · Feb 2013
1004StudioAED 390K · May 2016
10052-bedAED 455K · Nov 2021
1006StudioAED 280K · Sep 2023
1007StudioAED 250K · May 2023
10082-bedAED 844K · Dec 2015
1–7 of 23

1002, Palace Towers Residential Block in numbers

  • Sold once: by Tameer Holding Investment on 10 August 2010 for AED 184,500, or AED 392 per sqft.
  • Rented since March 2013 on 10 Ejari contracts. The rent fell from AED 28,000 to AED 24,000 in 2019 and recovered to AED 39,000 by July 2026.
  • At AED 39,000 a year the gross yield on the 2010 price is 21.1%, before a service charge of about AED 7,600 a year (AED 16.09 per sqft).
  • Studios in Palace Towers Residential Block sold for AED 320,000–470,000 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 17 July 2026.

Questions about 1002, Palace Towers Residential Block

What did unit 1002 last sell for?

AED 184,500 on 10 August 2010, sold by the developer: AED 392 per sqft for 470 sqft. It is the only registered sale of the unit.

What is the rent for unit 1002?

AED 39,000 a year on the contract renewed on 17 July 2026. The previous contract, from July 2025, was AED 37,000; the unit has been rented since March 2013.

How big is unit 1002?

470 sqft (43.7 sqm): a studio on the 10th floor of a 22-storey tower completed in 2009.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Palace Towers Residential Block sold for AED 320,000 to 470,000 in the last 12 months, around AED 962 per sqft.

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Mortgage on 1002, Palace Towers Residential Block

Starts from the last sale price (AED 185K, 10 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 184,500
Deposit, UAE resident (20%)
AED 36,900
Deposit, non-resident (40%)
AED 73,800
Monthly over 25 years at 3.7%
AED 755

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