2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 10th floor · completed 2009

1005, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in November 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1005 · DLD and Ejari recordsUpdated 7 November 2021

Last soldAED 455K7 November 2021

Current rentAED 40K /yr10 October 2020

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1005, Palace Towers Residential Block

Today

What is 1005 worth today?

Last sold for AED 455,000 in 2021

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7 Nov 2021

7 Nov 2021SoldReady

AED 455,000AED 459 per sqft

10 Oct 2020

10 Oct 2020RentedNew contract

AED 40,000/yr12 months · AED 40 per sqft

5 Aug 2018

5 Aug 2018RentedNew contract

AED 67,000/yr12 months · AED 68 per sqft

3 Aug 2017

3 Aug 2017RentedNew contract

AED 71,000/yr12 months · AED 72 per sqft

5 Mar 2016

5 Mar 2016RentedRenewal

AED 78,750/yr12 months · AED 80 per sqft

5 Mar 2015

5 Mar 2015RentedNew contract

AED 78,750/yr12 months · AED 80 per sqft

27 Jul 2010

27 Jul 2010SoldReady

AED 865,463AED 874 per sqft

26 Jul 2009

26 Jul 2009Sold by developerOff-plan

AED 865,463AED 874 per sqft

Source: Dubai Land Department. Updated 7 November 2021.

Key facts

Type: 2-bed apartment
Size: 990 sqft
Floor: 10th of 22
Parking: B1-109
Developer: Tameer Holding Investment
Completed: 2009
Service charge: AED 15,900 /yr
Last sold: AED 455K · November 2021
Building: Palace Towers Residential Block

About 1005, Palace Towers Residential Block

1005 is a two-bedroom apartment of 990 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. It last sold on 7 November 2021 for AED 455,000, or AED 459 per sqft, in line with the AED 459 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 10 October 2020, is AED 40,000 a year: a gross yield of 8.8% on the 2021 price, before the service charge of about AED 15,900 a year.

Sales and rents for 1005 over time

Sales

Unit 1005, each saleTypical two-bed in Palace Towers Residential Block

1005 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1005, each contractTypical two-bed in Palace Towers Residential Block

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

2-beds in Palace Towers Residential Block, and where 1005 sits

All 72 2-beds →

2-beds in Palace Towers Residential Block · last 12 months848 /sqft Palace Towers Residential Block · all types906 /sqft

1005 last sold in November 2021 at AED 459 per sqft, in line with what two-beds in Palace Towers Residential Block were fetching at the time (AED 459). Over the last 12 months two-beds sold for AED 825,000 to 880,000, around AED 848 per sqft, and rent for AED 35,000 to 85,000 a year. 1005's AED 40,000 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
11 Sep 202611 September 2026	990 sqft	840,000	848
21 Aug 202621 August 2026	990 sqft	860,000	868
5 May 20265 May 2026	990 sqft	880,000	888
6 Apr 20266 April 2026	990 sqft	840,000	848

7 2-bed 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


1001	1-bed	826 sqft	AED 555KAED 555,000 · Jun 2026June 2026	55,000 /yr
1002	Studio	470 sqft	AED 185KAED 184,500 · Aug 2010August 2010	39,000 /yr
1003	Studio	459 sqft	AED 366KAED 366,450 · Feb 2013February 2013	45,000 /yr
1004	Studio	431 sqft	AED 390KAED 390,000 · May 2016May 2016	42,000 /yr
1006	Studio	113 sqft	AED 280KAED 280,000 · Sep 2023September 2023	38,400 /yr
1007	Studio	344 sqft	AED 250KAED 250,000 · May 2023May 2023	33,472 /yr
1008	2-bed	990 sqft	AED 844KAED 844,000 · Dec 2015December 2015	55,000 /yr
1009	Studio	431 sqft	AED 358KAED 358,000 · Nov 2010November 2010	29,000 /yr
1010	1-bed	794 sqft	AED 500KAED 500,000 · Apr 2025April 2025	38,000 /yr
1011	Studio	482 sqft	AED 270KAED 270,000 · Oct 2010October 2010	18,000 /yr
1012	Studio	510 sqft	AED 265KAED 264,600 · Aug 2010August 2010	30,360 /yr
1013	Studio	510 sqft	AED 350KAED 350,000 · Dec 2025December 2025	36,000 /yr
1014	Studio	482 sqft	AED 275KAED 275,000 · Feb 2023February 2023	42,000 /yr
1015	1-bed	794 sqft	AED 430KAED 430,000 · Jan 2024January 2024	35,000 /yr
1016	Studio	431 sqft	AED 310KAED 310,000 · Apr 2013April 2013	40,000 /yr
1017	2-bed	990 sqft	AED 860KAED 860,000 · Aug 2026August 2026	85,000 /yr
1018	Studio	344 sqft	AED 200KAED 200,000 · Nov 2012November 2012	35,000 /yr
1019	Studio	344 sqft	AED 400KAED 400,000 · Jul 2025July 2025	42,000 /yr
1020	2-bed	990 sqft	AED 807KAED 807,000 · Apr 2010April 2010	63,000 /yr
1021	Studio	431 sqft	AED 358KAED 358,000 · Dec 2010December 2010	39,000 /yr
1022	Studio	459 sqft	AED 390KAED 390,000 · Sep 2024September 2024	43,000 /yr
1023	Studio	470 sqft	AED 435KAED 435,000 · Oct 2026October 2026	38,000 /yr
1024	1-bed	826 sqft	AED 570KAED 570,000 · Dec 2024December 2024	55,040 /yr

1–7 of 23

1005, Palace Towers Residential Block in numbers

Sold 3 times: first on 26 July 2009 for AED 865,463, last on 7 November 2021 for AED 455,000 (AED 459 per sqft).
Rented since March 2015 on 5 Ejari contracts, from AED 78,750 to AED 40,000 a year.
At AED 40,000 a year the gross yield on the 2021 price is 8.8%, before a service charge of about AED 15,900 a year (AED 16.09 per sqft).
Two-beds in Palace Towers Residential Block sold for AED 825,000–880,000 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 7 November 2021.

Questions about 1005, Palace Towers Residential Block

What did unit 1005 last sell for?

AED 455,000 on 7 November 2021: AED 459 per sqft for 990 sqft. The unit has 3 registered sales; the first was AED 865,463 in July 2009.

What is the rent for unit 1005?

AED 40,000 a year on the contract signed on 10 October 2020. The previous contract, from August 2018, was AED 67,000; the unit has been rented since March 2015.

How big is unit 1005?

990 sqft (92.0 sqm): a two-bedroom apartment on the 10th floor of a 22-storey tower completed in 2009.

What is unit 1005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Towers Residential Block sold for AED 825,000 to 880,000 in the last 12 months, around AED 848 per sqft.

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Mortgage on 1005, Palace Towers Residential Block

Starts from the last sale price (AED 455K, 7 November 2021). Switch to today's estimate once you have unlocked it.

Price: AED 455,000
Deposit, UAE resident (20%): AED 91,000
Deposit, non-resident (40%): AED 182,000
Monthly over 25 years at 3.7%: AED 1,862

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