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Studio · 510 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 10th floor · completed 2009

1012, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in August 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1012 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 265K9 August 2010
Current rentAED 30K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1012, Palace Towers Residential Block

What is 1012 worth today?

Last sold for AED 264,600 in 2010

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1 Oct 2024RentedNew contract
AED 30,360/yr12 months · AED 60 per sqft
1 Oct 2020RentedNew contract
AED 24,000/yr12 months · AED 47 per sqft
25 Dec 2018RentedNew contract
AED 30,000/yr12 months · AED 59 per sqft
21 Sep 2016RentedRenewal
AED 40,000/yr12 months · AED 79 per sqft
21 Sep 2015RentedNew contract
AED 40,000/yr12 months · AED 79 per sqft
9 Aug 2010SoldReady
AED 264,600AED 519 per sqft
27 Jun 2010SoldReady
AED 424,710AED 833 per sqft
26 Jul 2009Sold by developerOff-plan
AED 424,710AED 833 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
Studio apartment
Size
510 sqft
Floor
10th of 22
Parking
B2-58
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 8,200 /yr
Last sold
AED 265K · August 2010
Building
Palace Towers Residential Block

About 1012, Palace Towers Residential Block

1012 is a studio of 510 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 9 August 2010 for AED 264,600, or AED 519 per sqft, 38% below the AED 836 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 October 2024, is AED 30,360 a year: a gross yield of 11.5% on the 2010 price, before the service charge of about AED 8,200 a year.

Sales and rents for 1012 over time

Sales
Unit 1012, each saleTypical studio in Palace Towers Residential Block
200K300K400K2009201420192024Typical 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 424,710 (AED 833 per sqft)Sold, June 2010: AED 424,710 (AED 833 per sqft)Sold, August 2010: AED 264,600 (AED 519 per sqft)

1012 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1012, 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, September 2015: AED 40,000 a yearRenewal, September 2016: AED 40,000 a yearNew contract, December 2018: AED 30,000 a yearNew contract, October 2020: AED 24,000 a yearNew contract, October 2024: AED 30,360 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 1012 sits

All 280 studios →

1012 last sold in August 2010 at AED 519 per sqft, 38% below what studios in Palace Towers Residential Block were fetching at the time (AED 836). 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. 1012's AED 30,360 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
1007StudioAED 250K · May 2023
1–7 of 23

1012, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 26 July 2009 for AED 424,710, last on 9 August 2010 for AED 264,600 (AED 519 per sqft).
  • Rented since September 2015 on 5 Ejari contracts. The rent fell from AED 40,000 to AED 24,000 in 2020 and recovered to AED 30,360 by October 2024.
  • At AED 30,360 a year the gross yield on the 2010 price is 11.5%, before a service charge of about AED 8,200 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 1 October 2024.

Questions about 1012, Palace Towers Residential Block

What did unit 1012 last sell for?

AED 264,600 on 9 August 2010: AED 519 per sqft for 510 sqft. The unit has 3 registered sales; the first was AED 424,710 in July 2009.

What is the rent for unit 1012?

AED 30,360 a year on the contract signed on 1 October 2024. The previous contract, from October 2020, was AED 24,000; the unit has been rented since September 2015.

How big is unit 1012?

510 sqft (47.4 sqm): a studio on the 10th floor of a 22-storey tower completed in 2009.

What is unit 1012 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 1012, Palace Towers Residential Block

Starts from the last sale price (AED 265K, 9 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 264,600
Deposit, UAE resident (20%)
AED 52,920
Deposit, non-resident (40%)
AED 105,840
Monthly over 25 years at 3.7%
AED 1,083

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