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1-bed · 826 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 11th floor · completed 2009

1124, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in April 2025, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1124 · DLD and Ejari recordsUpdated 25 July 2025
Last soldAED 600K29 April 2025
Current rentAED 60K /yr25 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1124, Palace Towers Residential Block

What is 1124 worth today?

Last sold for AED 600,000 in 2025

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25 Jul 2025RentedNew contract
AED 60,000/yr12 months · AED 73 per sqft
29 Apr 2025SoldReady
AED 600,000AED 726 per sqft
25 May 2024RentedNew contract
AED 50,000/yr12 months · AED 61 per sqft
1 May 2023RentedNew contract
AED 46,000/yr12 months · AED 55 per sqft
28 Feb 2022RentedRenewal
AED 30,000/yr12 months · AED 36 per sqft
28 Feb 2021RentedNew contract
AED 30,000/yr12 months · AED 36 per sqft
30 Sep 2019RentedRenewal
AED 42,000/yr12 months · AED 51 per sqft
30 Sep 2018RentedNew contract
AED 48,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 25 July 2025.

Key facts

Type
1-bed apartment
Size
826 sqft
Floor
11th of 22
Parking
B2-54
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 13,300 /yr
Last sold
AED 600K · April 2025
Building
Palace Towers Residential Block

About 1124, Palace Towers Residential Block

1124 is a one-bedroom apartment of 826 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 29 April 2025 for AED 600,000, or AED 726 per sqft, 4% below the AED 754 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 25 July 2025, is AED 60,000 a year: a gross yield of 10.0% on the 2025 price, before the service charge of about AED 13,300 a year.

Sales and rents for 1124 over time

Sales
Unit 1124, each saleTypical one-bed in Palace Towers Residential Block
400K600K2009201420192024Typical sale price by year: 2009 AED 687,000; 2010 AED 657,574; 2011 AED 645,145; 2012 AED 491,547; 2013 AED 555,800; 2014 AED 680,500; 2015 AED 673,250; 2017 AED 560,000; 2020 AED 365,000; 2021 AED 367,500; 2022 AED 420,000; 2023 AED 420,000; 2024 AED 500,000; 2025 AED 600,750; 2026 AED 595,000Sold by developer, February 2011: AED 523,463 (AED 633 per sqft)Sold, April 2025: AED 600,000 (AED 726 per sqft)

1124 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1124, each contractTypical one-bed in Palace Towers Residential Block
40K60K2012201620202024Typical rent by year: 2012 AED 40,000; 2013 AED 50,000; 2014 AED 49,500; 2015 AED 60,000; 2016 AED 63,500; 2017 AED 56,000; 2018 AED 49,500; 2019 AED 40,500; 2020 AED 35,500; 2021 AED 30,541; 2022 AED 34,750; 2023 AED 40,000; 2024 AED 50,000; 2025 AED 52,000; 2026 AED 53,000New contract, September 2013: AED 48,000 a yearNew contract, July 2017: AED 53,000 a yearNew contract, September 2018: AED 48,000 a yearRenewal, September 2019: AED 42,000 a yearNew contract, February 2021: AED 30,000 a yearRenewal, February 2022: AED 30,000 a yearNew contract, May 2023: AED 46,000 a yearNew contract, May 2024: AED 50,000 a yearNew contract, July 2025: AED 60,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Palace Towers Residential Block, and where 1124 sits

All 72 1-beds →

1124 last sold in April 2025 at AED 726 per sqft, 4% below what one-beds in Palace Towers Residential Block were fetching at the time (AED 754). Over the last 12 months one-beds sold for AED 555,000 to 610,000, around AED 720 per sqft, and rent for AED 34,500 to 90,000 a year. 1124's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Jun 2026555,000
7 Apr 2026595,000
19 Feb 2026610,000
29 Oct 2025575,000
3 1-bed 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

1124, Palace Towers Residential Block in numbers

  • Sold twice: first on 22 February 2011 for AED 523,463, last on 29 April 2025 for AED 600,000 (AED 726 per sqft).
  • Rented since September 2013 on 9 Ejari contracts. The rent fell from AED 48,000 to AED 30,000 in 2022 and recovered to AED 60,000 by July 2025.
  • At AED 60,000 a year the gross yield on the 2025 price is 10.0%, before a service charge of about AED 13,300 a year (AED 16.09 per sqft).
  • One-beds in Palace Towers Residential Block sold for AED 555,000–610,000 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 25 July 2025.

Questions about 1124, Palace Towers Residential Block

What did unit 1124 last sell for?

AED 600,000 on 29 April 2025: AED 726 per sqft for 826 sqft. The unit has 2 registered sales; the first was AED 523,463 in February 2011.

What is the rent for unit 1124?

AED 60,000 a year on the contract signed on 25 July 2025. The previous contract, from May 2024, was AED 50,000; the unit has been rented since September 2013.

How big is unit 1124?

826 sqft (76.7 sqm): a one-bedroom apartment on the 11th floor of a 22-storey tower completed in 2009.

What is unit 1124 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Palace Towers Residential Block sold for AED 555,000 to 610,000 in the last 12 months, around AED 720 per sqft.

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Mortgage on 1124, Palace Towers Residential Block

Starts from the last sale price (AED 600K, 29 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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