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Studio · 344 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 10th floor · completed 2009

1007, Palace Towers Residential Block

Sold prices and rental history: sold 5 times, last in May 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1007 · DLD and Ejari recordsUpdated 16 August 2025
Last soldAED 250K31 May 2023
Current rentAED 33K /yr16 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1007, Palace Towers Residential Block

What is 1007 worth today?

Last sold for AED 250,000 in 2023

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16 Aug 2025RentedRenewal
AED 33,472/yr12 months · AED 97 per sqft
16 Aug 2024RentedRenewal
AED 33,472/yr12 months · AED 97 per sqft
16 Aug 2023RentedNew contract
AED 31,878/yr12 months · AED 93 per sqft
31 May 2023SoldReady
AED 250,000AED 727 per sqft
10 Oct 2022SoldReady · flagged as an outlier
AED 17,880AED 52 per sqft
16 Aug 2022RentedRenewal
AED 30,360/yr12 months · AED 88 per sqft
16 Feb 2022RentedRenewal
AED 27,600/yr6 months · AED 80 per sqft
16 Aug 2021RentedRenewal
AED 24,000/yr6 months · AED 70 per sqft

Source: Dubai Land Department. Updated 16 August 2025.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
10th of 22
Parking
B1-185
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 250K · May 2023
Building
Palace Towers Residential Block

About 1007, Palace Towers Residential Block

1007 is a studio of 344 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 31 May 2023 for AED 250,000, or AED 727 per sqft, 15% above the AED 632 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 16 August 2025, is AED 33,472 a year: a gross yield of 13.4% on the 2023 price, before the service charge of about AED 5,500 a year.

Sales and rents for 1007 over time

Sales
Unit 1007, 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, July 2009: AED 308,000 (AED 896 per sqft)Sold, December 2011: AED 308,000 (AED 896 per sqft)Sold, December 2020: AED 205,000 (AED 596 per sqft)Sold, May 2023: AED 250,000 (AED 727 per sqft)

1007 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1007, 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, February 2021: AED 24,000 a yearRenewal, August 2021: AED 24,000 a yearRenewal, February 2022: AED 27,600 a yearRenewal, August 2022: AED 30,360 a yearNew contract, August 2023: AED 31,878 a yearRenewal, August 2024: AED 33,472 a yearRenewal, August 2025: AED 33,472 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 1007 sits

All 280 studios →

1007 last sold in May 2023 at AED 727 per sqft, 15% above what studios in Palace Towers Residential Block were fetching at the time (AED 632). 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. 1007's AED 33,472 is in the lower 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
1002StudioAED 185K · Aug 2010
1003StudioAED 366K · Feb 2013
1004StudioAED 390K · May 2016
10052-bedAED 455K · Nov 2021
1006StudioAED 280K · Sep 2023
10082-bedAED 844K · Dec 2015
1–7 of 23

1007, Palace Towers Residential Block in numbers

  • Sold 5 times: first on 26 July 2009 for AED 308,000, last on 31 May 2023 for AED 250,000 (AED 727 per sqft).
  • Rented since February 2021 on 7 Ejari contracts, from AED 24,000 to AED 33,472 a year.
  • At AED 33,472 a year the gross yield on the 2023 price is 13.4%, before a service charge of about AED 5,500 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 16 August 2025.

Questions about 1007, Palace Towers Residential Block

What did unit 1007 last sell for?

AED 250,000 on 31 May 2023: AED 727 per sqft for 344 sqft. The unit has 5 registered sales; the first was AED 308,000 in July 2009.

What is the rent for unit 1007?

AED 33,472 a year on the contract renewed on 16 August 2025. The previous contract, from August 2024, was AED 33,472; the unit has been rented since February 2021.

How big is unit 1007?

344 sqft (32.0 sqm): a studio on the 10th floor of a 22-storey tower completed in 2009.

What is unit 1007 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 1007, Palace Towers Residential Block

Starts from the last sale price (AED 250K, 31 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

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