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Studio · 431 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 11th floor · completed 2009

1109, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in November 2010, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1109 · DLD and Ejari recordsUpdated 1 November 2026
Last soldAED 360K30 November 2010
Current rentAED 29K /yr1 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1109, Palace Towers Residential Block

What is 1109 worth today?

Last sold for AED 360,000 in 2010

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1 Nov 2026RentedNew contract
AED 29,000/yr12 months · AED 67 per sqft
20 Jul 2023RentedRenewal
AED 27,000/yr12 months · AED 63 per sqft
20 Jul 2022RentedRenewal
AED 27,000/yr12 months · AED 63 per sqft
20 Jul 2021RentedNew contract
AED 24,000/yr12 months · AED 56 per sqft
30 Nov 2010SoldReady
AED 360,000AED 834 per sqft
26 Jul 2009Sold by developerOff-plan
AED 360,000AED 834 per sqft

Source: Dubai Land Department. Updated 1 November 2026.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
11th of 22
Parking
L2-84
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 360K · November 2010
Building
Palace Towers Residential Block

About 1109, Palace Towers Residential Block

1109 is a studio of 431 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 30 November 2010 for AED 360,000, or AED 834 per sqft, in line with the AED 833 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 1 November 2026, is AED 29,000 a year: a gross yield of 8.1% on the 2010 price, before the service charge of about AED 6,900 a year.

Sales and rents for 1109 over time

Sales
Unit 1109, 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 360,000 (AED 834 per sqft)Sold, November 2010: AED 360,000 (AED 834 per sqft)

1109 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1109, 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, July 2021: AED 24,000 a yearRenewal, July 2022: AED 27,000 a yearRenewal, July 2023: AED 27,000 a yearNew contract, November 2026: AED 29,000 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 1109 sits

All 280 studios →

1109 last sold in November 2010 at AED 834 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 833). 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. 1109's AED 29,000 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
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

1109, Palace Towers Residential Block in numbers

  • Sold twice: first on 26 July 2009 for AED 360,000, last on 30 November 2010 for AED 360,000 (AED 834 per sqft).
  • Rented since July 2021 on 4 Ejari contracts, from AED 24,000 to AED 29,000 a year.
  • At AED 29,000 a year the gross yield on the 2010 price is 8.1%, before a service charge of about AED 6,900 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 November 2026.

Questions about 1109, Palace Towers Residential Block

What did unit 1109 last sell for?

AED 360,000 on 30 November 2010: AED 834 per sqft for 431 sqft. The unit has 2 registered sales; the first was AED 360,000 in July 2009.

What is the rent for unit 1109?

AED 29,000 a year on the contract signed on 1 November 2026. The previous contract, from July 2023, was AED 27,000; the unit has been rented since July 2021.

How big is unit 1109?

431 sqft (40.0 sqm): a studio on the 11th floor of a 22-storey tower completed in 2009.

What is unit 1109 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 1109, Palace Towers Residential Block

Starts from the last sale price (AED 360K, 30 November 2010). Switch to today's estimate once you have unlocked it.
Price
AED 360,000
Deposit, UAE resident (20%)
AED 72,000
Deposit, non-resident (40%)
AED 144,000
Monthly over 25 years at 3.7%
AED 1,473

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