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

1020, Palace Towers Residential Block

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

Unit 1020 · DLD and Ejari recordsUpdated 15 March 2026
Last soldAED 807K5 April 2010
Current rentAED 63K /yr15 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1020, Palace Towers Residential Block

What is 1020 worth today?

Last sold for AED 807,000 in 2010

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15 Mar 2026RentedRenewal
AED 63,000/yr12 months · AED 64 per sqft
15 Mar 2025RentedRenewal
AED 60,000/yr12 months · AED 61 per sqft
15 Mar 2024RentedRenewal
AED 55,000/yr12 months · AED 56 per sqft
15 Mar 2023RentedRenewal
AED 50,000/yr12 months · AED 50 per sqft
15 Mar 2022RentedRenewal
AED 42,000/yr12 months · AED 42 per sqft
15 Mar 2021RentedNew contract
AED 42,000/yr12 months · AED 42 per sqft
21 Jun 2019RentedRenewal
AED 68,000/yr12 months · AED 69 per sqft
21 Jun 2018RentedRenewal
AED 68,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 15 March 2026.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
10th of 22
Parking
B2-62
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 807K · April 2010
Building
Palace Towers Residential Block

About 1020, Palace Towers Residential Block

1020 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 5 April 2010 for AED 807,000, or AED 815 per sqft, in line with the AED 827 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 15 March 2026, is AED 63,000 a year: a gross yield of 7.8% on the 2010 price, before the service charge of about AED 15,900 a year.

Sales and rents for 1020 over time

Sales
Unit 1020, 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, July 2009: AED 807,000 (AED 815 per sqft)Sold, April 2010: AED 807,000 (AED 815 per sqft)

1020 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1020, 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, January 2013: AED 48,000 a yearNew contract, June 2015: AED 85,000 a yearNew contract, June 2016: AED 85,000 a yearRenewal, June 2017: AED 67,812 a yearRenewal, June 2018: AED 68,000 a yearRenewal, June 2019: AED 68,000 a yearNew contract, March 2021: AED 42,000 a yearRenewal, March 2022: AED 42,000 a yearRenewal, March 2023: AED 50,000 a yearRenewal, March 2024: AED 55,000 a yearRenewal, March 2025: AED 60,000 a yearRenewal, March 2026: AED 63,000 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 1020 sits

All 72 2-beds →

1020 last sold in April 2010 at AED 815 per sqft, in line with what two-beds in Palace Towers Residential Block were fetching at the time (AED 827). 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. 1020's AED 63,000 is in the upper 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
9.3%
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

1020, Palace Towers Residential Block in numbers

  • Sold twice: first on 26 July 2009 for AED 807,000, last on 5 April 2010 for AED 807,000 (AED 815 per sqft).
  • Rented since January 2013 on 12 Ejari contracts. The rent fell from AED 48,000 to AED 42,000 in 2022 and recovered to AED 63,000 by March 2026.
  • At AED 63,000 a year the gross yield on the 2010 price is 7.8%, 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 15 March 2026.

Questions about 1020, Palace Towers Residential Block

What did unit 1020 last sell for?

AED 807,000 on 5 April 2010: AED 815 per sqft for 990 sqft. The unit has 2 registered sales; the first was AED 807,000 in July 2009.

What is the rent for unit 1020?

AED 63,000 a year on the contract renewed on 15 March 2026. The previous contract, from March 2025, was AED 60,000; the unit has been rented since January 2013.

How big is unit 1020?

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

What is unit 1020 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 1020, Palace Towers Residential Block

Starts from the last sale price (AED 807K, 5 April 2010). Switch to today's estimate once you have unlocked it.
Price
AED 807,000
Deposit, UAE resident (20%)
AED 161,400
Deposit, non-resident (40%)
AED 322,800
Monthly over 25 years at 3.7%
AED 3,302

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