1122, Palace Towers Residential Block
Sold prices and rental history: sold twice, last in January 2011, and rented once, from December 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1122, Palace Towers Residential Block
What is 1122 worth today?
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Source: Dubai Land Department. Updated 5 December 2012.
Key facts
- Type
- Studio apartment
- Size
- 459 sqft
- Floor
- 11th of 22
- Parking
- B2-31
- Developer
- Tameer Holding Investment
- Completed
- 2009
- Service charge
- AED 7,400 /yr
- Last sold
- AED 381K · January 2011
- Building
- Palace Towers Residential Block
About 1122, Palace Towers Residential Block
1122 is a studio of 459 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 January 2011 for AED 381,000, or AED 829 per sqft, in line with the AED 830 studios in the building were fetching at the time.
One Ejari contract is registered, from 5 December 2012. The current contract, signed on 5 December 2012, is AED 26,000 a year: a gross yield of 6.8% on the 2011 price, before the service charge of about AED 7,400 a year.
Sales and rents for 1122 over time
1122 has sold twice; the dashed line is the studio median of each year in the building.
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 1122 sits
All 280 studios →1122 last sold in January 2011 at AED 829 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 830). 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. 1122's AED 26,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Oct 20265 October 2026 | 344 sqft | 395,000 | 1,149 | ||
| 1 Oct 20261 October 2026 | 470 sqft | 435,000 | 924 | ||
| 20 Aug 202620 August 2026 | 344 sqft | 390,000 | 1,134 | ||
| 21 Jul 202621 July 2026 | 459 sqft | 445,000 | 969 |
Palace Towers Residential Block
Building424 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%
Other units on the 11th floor
All 424 units in Palace Towers Residential Block| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1101 | 1-bed | 826 sqft | AED 640KAED 640,000 · Feb 2012February 2012 | 44,000 /yr | |
| 1102 | Studio | 470 sqft | AED 327KAED 327,000 · Aug 2023August 2023 | 22,000 /yr | |
| 1103 | Studio | 459 sqft | AED 351KAED 351,000 · Mar 2012March 2012 | 48,000 /yr | |
| 1104 | Studio | 431 sqft | AED 260KAED 260,000 · Jun 2023June 2023 | 26,000 /yr | |
| 1105 | 2-bed | 990 sqft | AED 825KAED 825,000 · Dec 2025December 2025 | 84,000 /yr | |
| 1106 | Studio | 344 sqft | AED 310KAED 310,000 · May 2024May 2024 | 40,000 /yr | |
| 1107 | Studio | 344 sqft | AED 408KAED 408,000 · Aug 2015August 2015 | 22,000 /yr | |
| 1108 | 2-bed | 990 sqft | AED 809KAED 809,000 · Jan 2011January 2011 | ||
| 1109 | Studio | 431 sqft | AED 360KAED 360,000 · Nov 2010November 2010 | 29,000 /yr | |
| 1110 | 1-bed | 794 sqft | AED 430KAED 430,000 · Oct 2023October 2023 | 55,000 /yr | |
| 1111 | Studio | 482 sqft | AED 345KAED 345,000 · Jan 2024January 2024 | 32,000 /yr | |
| 1112 | Studio | 510 sqft | AED 448KAED 448,025 · Feb 2011February 2011 | 33,000 /yr | |
| 1113 | Studio | 510 sqft | AED 275KAED 275,000 · May 2012May 2012 | 33,000 /yr | |
| 1114 | Studio | 482 sqft | AED 275KAED 275,000 · Oct 2019October 2019 | 48,000 /yr | |
| 1115 | 1-bed | 794 sqft | AED 690KAED 690,000 · Dec 2013December 2013 | 35,000 /yr | |
| 1116 | Studio | 394 sqft | AED 360KAED 360,000 · Jun 2023June 2023 | 30,000 /yr | |
| 1117 | 2-bed | 990 sqft | AED 625KAED 625,000 · Jan 2024January 2024 | 90,000 /yr | |
| 1118 | Studio | 344 sqft | AED 250KAED 250,000 · Sep 2022September 2022 | 37,000 /yr | |
| 1119 | Studio | 344 sqft | AED 330KAED 330,000 · May 2025May 2025 | 27,000 /yr | |
| 1120 | 2-bed | 495 sqft | AED 750KAED 750,000 · May 2013May 2013 | 50,000 /yr | |
| 1121 | Studio | 431 sqft | AED 350KAED 350,000 · Dec 2023December 2023 | 25,000 /yr | |
| 1123 | Studio | 470 sqft | AED 270KAED 270,000 · Oct 2010October 2010 | 33,350 /yr | |
| 1124 | 1-bed | 826 sqft | AED 600KAED 600,000 · Apr 2025April 2025 | 60,000 /yr |
1122, Palace Towers Residential Block in numbers
- Sold twice: first on 26 July 2009 for AED 381,000, last on 26 January 2011 for AED 381,000 (AED 829 per sqft).
- Rented since December 2012 on one Ejari contract, at AED 26,000 a year.
- At AED 26,000 a year the gross yield on the 2011 price is 6.8%, before a service charge of about AED 7,400 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 5 December 2012.
Questions about 1122, Palace Towers Residential Block
What did unit 1122 last sell for?
AED 381,000 on 26 January 2011: AED 829 per sqft for 459 sqft. The unit has 2 registered sales; the first was AED 381,000 in July 2009.
What is the rent for unit 1122?
AED 26,000 a year on the contract signed on 5 December 2012.
How big is unit 1122?
459 sqft (42.6 sqm): a studio on the 11th floor of a 22-storey tower completed in 2009.
What is unit 1122 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 1122, Palace Towers Residential Block
Starts from the last sale price (AED 381K, 26 January 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 381,000
- Deposit, UAE resident (20%)
- AED 76,200
- Deposit, non-resident (40%)
- AED 152,400
- Monthly over 25 years at 3.7%
- AED 1,559
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →