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

1008, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in December 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 1 November 2022
Last soldAED 844K17 December 2015
Current rentAED 55K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1008, Palace Towers Residential Block

What is 1008 worth today?

Last sold for AED 844,000 in 2015

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1 Nov 2022RentedNew contract
AED 55,000/yr12 months · AED 56 per sqft
15 Jul 2021RentedRenewal
AED 42,000/yr12 months · AED 43 per sqft
15 Jul 2020RentedRenewal
AED 51,000/yr12 months · AED 52 per sqft
15 Jul 2019RentedRenewal
AED 56,000/yr12 months · AED 57 per sqft
15 Jul 2018RentedNew contract
AED 60,000/yr12 months · AED 61 per sqft
1 Mar 2017RentedNew contract
AED 84,000/yr12 months · AED 85 per sqft
17 Dec 2015SoldReady
AED 844,000AED 852 per sqft
18 Dec 2011SoldReady
AED 423,500AED 427 per sqft

Source: Dubai Land Department. Updated 1 November 2022.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
10th of 22
Parking
B2-234
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 844K · December 2015
Building
Palace Towers Residential Block

About 1008, Palace Towers Residential Block

1008 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 17 December 2015 for AED 844,000, or AED 852 per sqft, in line with the AED 868 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 1 November 2022, is AED 55,000 a year: a gross yield of 6.5% on the 2015 price, before the service charge of about AED 15,900 a year.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical two-bed in Palace Towers Residential Block
400K600K800K2009201420192024Typical sale price by year: 2009 AED 838,950; 2010 AED 815,000; 2011 AED 805,000; 2012 AED 500,000; 2013 AED 720,000; 2014 AED 850,000; 2015 AED 855,000; 2018 AED 650,000; 2019 AED 580,000; 2021 AED 454,000; 2022 AED 485,000; 2023 AED 570,000; 2024 AED 670,000; 2025 AED 820,000; 2026 AED 850,000Sold by developer, August 2009: AED 847,000 (AED 855 per sqft)Sold, December 2011: AED 423,500 (AED 427 per sqft)Sold, December 2015: AED 844,000 (AED 852 per sqft)

1008 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1008, each contractTypical two-bed in Palace Towers Residential Block
40K60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 58,524; 2014 AED 73,500; 2015 AED 81,000; 2016 AED 79,558; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 50,000; 2021 AED 42,000; 2022 AED 49,450; 2023 AED 55,000; 2024 AED 63,000; 2025 AED 65,464; 2026 AED 70,000New contract, March 2017: AED 84,000 a yearNew contract, July 2018: AED 60,000 a yearRenewal, July 2019: AED 56,000 a yearRenewal, July 2020: AED 51,000 a yearRenewal, July 2021: AED 42,000 a yearNew contract, November 2022: AED 55,000 a year

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 1008 sits

All 72 2-beds →

1008 last sold in December 2015 at AED 852 per sqft, in line with what two-beds in Palace Towers Residential Block were fetching at the time (AED 868). 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. 1008's AED 55,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 2026840,000
21 Aug 2026860,000
5 May 2026880,000
6 Apr 2026840,000
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
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
1007StudioAED 250K · May 2023
1–7 of 23

1008, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 26 August 2009 for AED 847,000, last on 17 December 2015 for AED 844,000 (AED 852 per sqft).
  • Rented since March 2017 on 6 Ejari contracts. The rent fell from AED 84,000 to AED 42,000 in 2021 and recovered to AED 55,000 by November 2022.
  • At AED 55,000 a year the gross yield on the 2015 price is 6.5%, 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 1 November 2022.

Questions about 1008, Palace Towers Residential Block

What did unit 1008 last sell for?

AED 844,000 on 17 December 2015: AED 852 per sqft for 990 sqft. The unit has 3 registered sales; the first was AED 847,000 in August 2009.

What is the rent for unit 1008?

AED 55,000 a year on the contract signed on 1 November 2022. The previous contract, from July 2021, was AED 42,000; the unit has been rented since March 2017.

How big is unit 1008?

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

What is unit 1008 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 1008, Palace Towers Residential Block

Starts from the last sale price (AED 844K, 17 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 844,000
Deposit, UAE resident (20%)
AED 168,800
Deposit, non-resident (40%)
AED 337,600
Monthly over 25 years at 3.7%
AED 3,453

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