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2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 11th floor · completed 2009

1108, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in January 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1108 · DLD and Ejari recordsUpdated 18 January 2011
Last soldAED 809K18 January 2011
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1108, Palace Towers Residential Block

What is 1108 worth today?

Last sold for AED 809,000 in 2011

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18 Jan 2011SoldReady
AED 809,000AED 817 per sqft
26 Jul 2009Sold by developerOff-plan
AED 809,000AED 817 per sqft

Source: Dubai Land Department. Updated 18 January 2011.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
11th of 22
Parking
B2-60
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 809K · January 2011
Building
Palace Towers Residential Block

About 1108, Palace Towers Residential Block

1108 is a two-bedroom apartment of 990 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 18 January 2011 for AED 809,000, or AED 817 per sqft, in line with the AED 823 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1108 over time

Sales
Unit 1108, 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 809,000 (AED 817 per sqft)Sold, January 2011: AED 809,000 (AED 817 per sqft)

1108 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1108, 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 70,000

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 1108 sits

All 72 2-beds →

1108 last sold in January 2011 at AED 817 per sqft, in line with what two-beds in Palace Towers Residential Block were fetching at the time (AED 823). 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.

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 11th floor

All 424 units in Palace Towers Residential Block
Value
11011-bedAED 640K · Feb 2012
1102StudioAED 327K · Aug 2023
1103StudioAED 351K · Mar 2012
1104StudioAED 260K · Jun 2023
11052-bedAED 825K · Dec 2025
1106StudioAED 310K · May 2024
1107StudioAED 408K · Aug 2015
1–7 of 23

1108, Palace Towers Residential Block in numbers

  • Sold twice: first on 26 July 2009 for AED 809,000, last on 18 January 2011 for AED 809,000 (AED 817 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 18 January 2011.

Questions about 1108, Palace Towers Residential Block

What did unit 1108 last sell for?

AED 809,000 on 18 January 2011: AED 817 per sqft for 990 sqft. The unit has 2 registered sales; the first was AED 809,000 in July 2009.

How big is unit 1108?

990 sqft (92.0 sqm): a two-bedroom apartment on the 11th floor of a 22-storey tower completed in 2009.

What is unit 1108 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 1108, Palace Towers Residential Block

Starts from the last sale price (AED 809K, 18 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 809,000
Deposit, UAE resident (20%)
AED 161,800
Deposit, non-resident (40%)
AED 323,600
Monthly over 25 years at 3.7%
AED 3,310

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