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1-bed · 826 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 10th floor · completed 2009

1024, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1024 · DLD and Ejari recordsUpdated 25 March 2026
Last soldAED 570K9 December 2024
Current rentAED 55K /yr25 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1024, Palace Towers Residential Block

What is 1024 worth today?

Last sold for AED 570,000 in 2024

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25 Mar 2026RentedRenewal
AED 55,040/yr15 months · AED 67 per sqft
25 Mar 2025RentedRenewal
AED 54,000/yr12 months · AED 65 per sqft
9 Dec 2024SoldReady
AED 570,000AED 690 per sqft
25 Mar 2024RentedNew contract
AED 51,000/yr12 months · AED 62 per sqft
4 Nov 2022RentedNew contract
AED 34,500/yr12 months · AED 42 per sqft
5 Nov 2021RentedRenewal
AED 30,081/yr12 months · AED 36 per sqft
5 Nov 2020RentedRenewal
AED 34,000/yr12 months · AED 41 per sqft
5 Nov 2019RentedRenewal
AED 41,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 25 March 2026.

Key facts

Type
1-bed apartment
Size
826 sqft
Floor
10th of 22
Parking
B2-136
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 13,300 /yr
Last sold
AED 570K · December 2024
Building
Palace Towers Residential Block

About 1024, Palace Towers Residential Block

1024 is a one-bedroom apartment of 826 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 December 2024 for AED 570,000, or AED 690 per sqft, 19% below the AED 851 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 25 March 2026, is AED 55,040 a year: a gross yield of 9.7% on the 2024 price, before the service charge of about AED 13,300 a year.

Sales and rents for 1024 over time

Sales
Unit 1024, each saleTypical one-bed in Palace Towers Residential Block
400K600K2009201420192024Typical sale price by year: 2009 AED 687,000; 2010 AED 657,574; 2011 AED 645,145; 2012 AED 491,547; 2013 AED 555,800; 2014 AED 680,500; 2015 AED 673,250; 2017 AED 560,000; 2020 AED 365,000; 2021 AED 367,500; 2022 AED 420,000; 2023 AED 420,000; 2024 AED 500,000; 2025 AED 600,750; 2026 AED 595,000Sold by developer, February 2011: AED 523,463 (AED 633 per sqft)Sold, December 2024: AED 570,000 (AED 690 per sqft)

1024 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1024, each contractTypical one-bed in Palace Towers Residential Block
40K60K2012201620202024Typical rent by year: 2012 AED 40,000; 2013 AED 50,000; 2014 AED 49,500; 2015 AED 60,000; 2016 AED 63,500; 2017 AED 56,000; 2018 AED 49,500; 2019 AED 40,500; 2020 AED 35,500; 2021 AED 30,541; 2022 AED 34,750; 2023 AED 40,000; 2024 AED 50,000; 2025 AED 52,000; 2026 AED 53,000New contract, August 2014: AED 49,000 a yearNew contract, October 2016: AED 65,000 a yearNew contract, November 2017: AED 53,000 a yearRenewal, November 2018: AED 46,000 a yearRenewal, November 2019: AED 41,000 a yearRenewal, November 2020: AED 34,000 a yearRenewal, November 2021: AED 30,081 a yearNew contract, November 2022: AED 34,500 a yearNew contract, March 2024: AED 51,000 a yearRenewal, March 2025: AED 54,000 a yearRenewal, March 2026: AED 55,040 a year

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

1-beds in Palace Towers Residential Block, and where 1024 sits

All 72 1-beds →

1024 last sold in December 2024 at AED 690 per sqft, 19% below what one-beds in Palace Towers Residential Block were fetching at the time (AED 851). Over the last 12 months one-beds sold for AED 555,000 to 610,000, around AED 720 per sqft, and rent for AED 34,500 to 90,000 a year. 1024's AED 55,040 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Jun 2026555,000
7 Apr 2026595,000
19 Feb 2026610,000
29 Oct 2025575,000
3 1-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

1024, Palace Towers Residential Block in numbers

  • Sold twice: first on 22 February 2011 for AED 523,463, last on 9 December 2024 for AED 570,000 (AED 690 per sqft).
  • Rented since August 2014 on 11 Ejari contracts. The rent fell from AED 49,000 to AED 30,081 in 2021 and recovered to AED 55,040 by March 2026.
  • At AED 55,040 a year the gross yield on the 2024 price is 9.7%, before a service charge of about AED 13,300 a year (AED 16.09 per sqft).
  • One-beds in Palace Towers Residential Block sold for AED 555,000–610,000 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 25 March 2026.

Questions about 1024, Palace Towers Residential Block

What did unit 1024 last sell for?

AED 570,000 on 9 December 2024: AED 690 per sqft for 826 sqft. The unit has 2 registered sales; the first was AED 523,463 in February 2011.

What is the rent for unit 1024?

AED 55,040 a year on the contract renewed on 25 March 2026. The previous contract, from March 2025, was AED 54,000; the unit has been rented since August 2014.

How big is unit 1024?

826 sqft (76.7 sqm): a one-bedroom apartment on the 10th floor of a 22-storey tower completed in 2009.

What is unit 1024 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Palace Towers Residential Block sold for AED 555,000 to 610,000 in the last 12 months, around AED 720 per sqft.

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Mortgage on 1024, Palace Towers Residential Block

Starts from the last sale price (AED 570K, 9 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 570,000
Deposit, UAE resident (20%)
AED 114,000
Deposit, non-resident (40%)
AED 228,000
Monthly over 25 years at 3.7%
AED 2,332

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