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Studio · 344 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 11th floor · completed 2009

1118, Palace Towers Residential Block

Sold prices and rental history: sold 5 times, last in September 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1118 · DLD and Ejari recordsUpdated 15 October 2026
Last soldAED 250K26 September 2022
Current rentAED 37K /yr15 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1118, Palace Towers Residential Block

What is 1118 worth today?

Last sold for AED 250,000 in 2022

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15 Oct 2026RentedRenewal
AED 37,000/yr12 months · AED 108 per sqft
15 Oct 2025RentedRenewal
AED 37,000/yr12 months · AED 108 per sqft
15 Oct 2024RentedRenewal
AED 34,000/yr12 months · AED 99 per sqft
15 Oct 2023RentedRenewal
AED 28,000/yr12 months · AED 81 per sqft
15 Oct 2022RentedNew contract
AED 25,000/yr12 months · AED 73 per sqft
26 Sep 2022SoldReady
AED 250,000AED 727 per sqft
15 Jul 2021RentedRenewal
AED 20,000/yr12 months · AED 58 per sqft
15 Jul 2020RentedNew contract
AED 20,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 15 October 2026.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
11th of 22
Parking
B2-107
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 250K · September 2022
Building
Palace Towers Residential Block

About 1118, Palace Towers Residential Block

1118 is a studio of 344 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 26 September 2022 for AED 250,000, or AED 727 per sqft, 14% above the AED 640 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 13 Ejari contracts. The current contract, renewed on 15 October 2026, is AED 37,000 a year: a gross yield of 14.8% on the 2022 price, before the service charge of about AED 5,500 a year.

Sales and rents for 1118 over time

Sales
Unit 1118, each saleTypical studio in Palace Towers Residential Block
200K400K2009201420192024Typical 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 310,000 (AED 901 per sqft)Sold, May 2011: AED 183,000 (AED 532 per sqft)Sold, May 2011: AED 310,000 (AED 901 per sqft)Sold, December 2011: AED 220,000 (AED 640 per sqft)Sold, September 2022: AED 250,000 (AED 727 per sqft)

1118 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1118, 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, August 2014: AED 40,000 a yearRenewal, August 2015: AED 40,000 a yearNew contract, June 2017: AED 37,000 a yearNew contract, December 2017: AED 35,000 a yearRenewal, December 2018: AED 34,000 a yearNew contract, January 2020: AED 26,000 a yearNew contract, July 2020: AED 20,000 a yearRenewal, July 2021: AED 20,000 a yearNew contract, October 2022: AED 25,000 a yearRenewal, October 2023: AED 28,000 a yearRenewal, October 2024: AED 34,000 a yearRenewal, October 2025: AED 37,000 a yearRenewal, October 2026: AED 37,000 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 1118 sits

All 280 studios →

1118 last sold in September 2022 at AED 727 per sqft, 14% above what studios in Palace Towers Residential Block were fetching at the time (AED 640). 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. 1118's AED 37,000 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
9.3%
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

1118, Palace Towers Residential Block in numbers

  • Sold 5 times: first on 26 July 2009 for AED 310,000, last on 26 September 2022 for AED 250,000 (AED 727 per sqft).
  • Rented since August 2014 on 13 Ejari contracts. The rent fell from AED 40,000 to AED 20,000 in 2021 and recovered to AED 37,000 by October 2026.
  • At AED 37,000 a year the gross yield on the 2022 price is 14.8%, before a service charge of about AED 5,500 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 October 2026.

Questions about 1118, Palace Towers Residential Block

What did unit 1118 last sell for?

AED 250,000 on 26 September 2022: AED 727 per sqft for 344 sqft. The unit has 5 registered sales; the first was AED 310,000 in July 2009.

What is the rent for unit 1118?

AED 37,000 a year on the contract renewed on 15 October 2026. The previous contract, from October 2025, was AED 37,000; the unit has been rented since August 2014.

How big is unit 1118?

344 sqft (32.0 sqm): a studio on the 11th floor of a 22-storey tower completed in 2009.

What is unit 1118 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 1118, Palace Towers Residential Block

Starts from the last sale price (AED 250K, 26 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

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