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Studio · 482 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 11th floor · completed 2009

1111, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in January 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1111 · DLD and Ejari recordsUpdated 15 June 2024
Last soldAED 345K24 January 2024
Current rentAED 32K /yr15 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1111, Palace Towers Residential Block

What is 1111 worth today?

Last sold for AED 345,000 in 2024

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15 Jun 2024RentedRenewal
AED 32,000/yr12 months · AED 66 per sqft
24 Jan 2024SoldReady
AED 345,000AED 716 per sqft
15 Jun 2023RentedNew contract
AED 30,000/yr12 months · AED 62 per sqft
18 May 2022SoldReady
AED 242,000AED 502 per sqft
15 Jun 2021RentedNew contract
AED 22,000/yr12 months · AED 46 per sqft
25 May 2020RentedNew contract
AED 27,000/yr12 months · AED 56 per sqft
10 May 2019RentedNew contract
AED 31,000/yr12 months · AED 64 per sqft
20 Mar 2013RentedNew contract
AED 28,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 15 June 2024.

Key facts

Type
Studio apartment
Size
482 sqft
Floor
11th of 22
Parking
L2-50
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,800 /yr
Last sold
AED 345K · January 2024
Building
Palace Towers Residential Block

About 1111, Palace Towers Residential Block

1111 is a studio of 482 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 24 January 2024 for AED 345,000, or AED 716 per sqft, in line with the AED 716 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 15 June 2024, is AED 32,000 a year: a gross yield of 9.3% on the 2024 price, before the service charge of about AED 7,800 a year.

Sales and rents for 1111 over time

Sales
Unit 1111, 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 430,500 (AED 893 per sqft)Sold, August 2010: AED 430,500 (AED 893 per sqft)Sold, May 2022: AED 242,000 (AED 502 per sqft)Sold, January 2024: AED 345,000 (AED 716 per sqft)

1111 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1111, 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, March 2013: AED 28,000 a yearNew contract, May 2019: AED 31,000 a yearNew contract, May 2020: AED 27,000 a yearNew contract, June 2021: AED 22,000 a yearNew contract, June 2023: AED 30,000 a yearRenewal, June 2024: AED 32,000 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 1111 sits

All 280 studios →

1111 last sold in January 2024 at AED 716 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 716). 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. 1111's AED 32,000 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

1111, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 26 July 2009 for AED 430,500, last on 24 January 2024 for AED 345,000 (AED 716 per sqft).
  • Rented since March 2013 on 6 Ejari contracts. The rent fell from AED 28,000 to AED 22,000 in 2021 and recovered to AED 32,000 by June 2024.
  • At AED 32,000 a year the gross yield on the 2024 price is 9.3%, before a service charge of about AED 7,800 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 15 June 2024.

Questions about 1111, Palace Towers Residential Block

What did unit 1111 last sell for?

AED 345,000 on 24 January 2024: AED 716 per sqft for 482 sqft. The unit has 4 registered sales; the first was AED 430,500 in July 2009.

What is the rent for unit 1111?

AED 32,000 a year on the contract renewed on 15 June 2024. The previous contract, from June 2023, was AED 30,000; the unit has been rented since March 2013.

How big is unit 1111?

482 sqft (44.8 sqm): a studio on the 11th floor of a 22-storey tower completed in 2009.

What is unit 1111 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 1111, Palace Towers Residential Block

Starts from the last sale price (AED 345K, 24 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 345,000
Deposit, UAE resident (20%)
AED 69,000
Deposit, non-resident (40%)
AED 138,000
Monthly over 25 years at 3.7%
AED 1,412

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