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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 11th floor · completed 2009

1102, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in August 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1102 · DLD and Ejari recordsUpdated 29 August 2023
Last soldAED 327K29 August 2023
Current rentAED 22K /yr10 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1102, Palace Towers Residential Block

What is 1102 worth today?

Last sold for AED 327,000 in 2023

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29 Aug 2023SoldReady
AED 327,000AED 695 per sqft
10 May 2021RentedNew contract
AED 22,000/yr12 months · AED 46 per sqft
6 Sep 2018RentedNew contract
AED 33,906/yr12 months · AED 72 per sqft
13 Nov 2014RentedNew contract
AED 25,500/yr12 months · AED 54 per sqft
13 Nov 2013RentedNew contract
AED 25,500/yr12 months · AED 54 per sqft
26 Jan 2011SoldReady
AED 371,000AED 788 per sqft
26 Jul 2009Sold by developerOff-plan
AED 371,000AED 788 per sqft

Source: Dubai Land Department. Updated 29 August 2023.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
11th of 22
Parking
B1-39
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 327K · August 2023
Building
Palace Towers Residential Block

About 1102, Palace Towers Residential Block

1102 is a studio of 470 sqft on the 11th 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 29 August 2023 for AED 327,000, or AED 695 per sqft, 9% above the AED 637 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 10 May 2021, is AED 22,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 7,600 a year.

Sales and rents for 1102 over time

Sales
Unit 1102, 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 371,000 (AED 788 per sqft)Sold, January 2011: AED 371,000 (AED 788 per sqft)Sold, August 2023: AED 327,000 (AED 695 per sqft)

1102 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1102, 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, November 2013: AED 25,500 a yearNew contract, November 2014: AED 25,500 a yearNew contract, September 2018: AED 33,906 a yearNew contract, May 2021: AED 22,000 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 1102 sits

All 280 studios →

1102 last sold in August 2023 at AED 695 per sqft, 9% above what studios in Palace Towers Residential Block were fetching at the time (AED 637). 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. 1102's AED 22,000 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 11th floor

All 424 units in Palace Towers Residential Block
Value
11011-bedAED 640K · Feb 2012
1103StudioAED 351K · Mar 2012
1104StudioAED 260K · Jun 2023
11052-bedAED 825K · Dec 2025
1106StudioAED 310K · May 2024
1107StudioAED 408K · Aug 2015
11082-bedAED 809K · Jan 2011
1–7 of 23

1102, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 26 July 2009 for AED 371,000, last on 29 August 2023 for AED 327,000 (AED 695 per sqft).
  • Rented since November 2013 on 4 Ejari contracts, from AED 25,500 to AED 22,000 a year.
  • At AED 22,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 7,600 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 29 August 2023.

Questions about 1102, Palace Towers Residential Block

What did unit 1102 last sell for?

AED 327,000 on 29 August 2023: AED 695 per sqft for 470 sqft. The unit has 3 registered sales; the first was AED 371,000 in July 2009.

What is the rent for unit 1102?

AED 22,000 a year on the contract signed on 10 May 2021. The previous contract, from September 2018, was AED 33,906; the unit has been rented since November 2013.

How big is unit 1102?

470 sqft (43.7 sqm): a studio on the 11th floor of a 22-storey tower completed in 2009.

What is unit 1102 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 1102, Palace Towers Residential Block

Starts from the last sale price (AED 327K, 29 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 327,000
Deposit, UAE resident (20%)
AED 65,400
Deposit, non-resident (40%)
AED 130,800
Monthly over 25 years at 3.7%
AED 1,338

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