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

1114, Palace Towers Residential Block

Sold prices and rental history: sold once, by the developer in October 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1114 · DLD and Ejari recordsUpdated 4 December 2025
Last soldAED 275K24 October 2019
Current rentAED 48K /yr4 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1114, Palace Towers Residential Block

What is 1114 worth today?

Last sold for AED 275,000 in 2019

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4 Dec 2025RentedNew contract
AED 48,000/yr6 months · AED 100 per sqft
1 Feb 2025RentedNew contract
AED 42,000/yr12 months · AED 87 per sqft
18 Mar 2023RentedNew contract
AED 32,000/yr12 months · AED 66 per sqft
18 Mar 2022RentedNew contract
AED 29,000/yr12 months · AED 60 per sqft
24 Oct 2019Sold by developerReady
AED 275,000AED 570 per sqft

Source: Dubai Land Department. Updated 4 December 2025.

Key facts

Type
Studio apartment
Size
482 sqft
Floor
11th of 22
Parking
B2-102
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,800 /yr
Last sold
AED 275K · October 2019
Building
Palace Towers Residential Block

About 1114, Palace Towers Residential Block

1114 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. The developer sold it on 24 October 2019 for AED 275,000, or AED 570 per sqft, 14% below the AED 660 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 4 December 2025, is AED 48,000 a year: a gross yield of 17.4% on the 2019 price, before the service charge of about AED 7,800 a year.

Sales and rents for 1114 over time

Sales
Unit 1114, 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, October 2019: AED 275,000 (AED 570 per sqft)

1114 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1114, each contractTypical studio in Palace Towers Residential Block
20K40K2012201620202024Typical 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 2022: AED 29,000 a yearNew contract, March 2023: AED 32,000 a yearNew contract, February 2025: AED 42,000 a yearNew contract, December 2025: AED 48,000 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 1114 sits

All 280 studios →

1114 last sold in October 2019 at AED 570 per sqft, 14% below what studios in Palace Towers Residential Block were fetching at the time (AED 660). 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. 1114's AED 48,000 is in the upper 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
9.3%
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

1114, Palace Towers Residential Block in numbers

  • Sold once: by Tameer Holding Investment on 24 October 2019 for AED 275,000, or AED 570 per sqft.
  • Rented since March 2022 on 4 Ejari contracts, from AED 29,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2019 price is 17.4%, 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 4 December 2025.

Questions about 1114, Palace Towers Residential Block

What did unit 1114 last sell for?

AED 275,000 on 24 October 2019, sold by the developer: AED 570 per sqft for 482 sqft. It is the only registered sale of the unit.

What is the rent for unit 1114?

AED 48,000 a year on the contract signed on 4 December 2025. The previous contract, from February 2025, was AED 42,000; the unit has been rented since March 2022.

How big is unit 1114?

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

What is unit 1114 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 1114, Palace Towers Residential Block

Starts from the last sale price (AED 275K, 24 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 275,000
Deposit, UAE resident (20%)
AED 55,000
Deposit, non-resident (40%)
AED 110,000
Monthly over 25 years at 3.7%
AED 1,125

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