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Studio · 459 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 12th floor · completed 2009

1203, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in November 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 1 September 2025
Last soldAED 390K14 November 2024
Current rentAED 59K /yr1 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, Palace Towers Residential Block

What is 1203 worth today?

Last sold for AED 390,000 in 2024

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1 Sep 2025RentedNew contract
AED 58,800/yr12 months · AED 127 per sqft
5 Feb 2025RentedNew contract
AED 57,600/yr6 months · AED 124 per sqft
14 Nov 2024SoldReady
AED 390,000AED 849 per sqft
16 Feb 2024SoldReady
AED 345,000AED 751 per sqft
30 Jan 2011SoldReady
AED 353,000AED 768 per sqft
26 Jul 2009Sold by developerOff-plan
AED 353,000AED 768 per sqft

Source: Dubai Land Department. Updated 1 September 2025.

Key facts

Type
Studio apartment
Size
459 sqft
Floor
12th of 22
Parking
B1-13
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,400 /yr
Last sold
AED 390K · November 2024
Building
Palace Towers Residential Block

About 1203, Palace Towers Residential Block

1203 is a studio of 459 sqft on the 12th 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 14 November 2024 for AED 390,000, or AED 849 per sqft, 5% below the AED 893 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 1 September 2025, is AED 58,800 a year: a gross yield of 15.1% on the 2024 price, before the service charge of about AED 7,400 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, 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 353,000 (AED 768 per sqft)Sold, January 2011: AED 353,000 (AED 768 per sqft)Sold, February 2024: AED 345,000 (AED 751 per sqft)Sold, November 2024: AED 390,000 (AED 849 per sqft)

1203 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1203, each contractTypical studio in Palace Towers Residential Block
20K40K60K2012201620202024Typical 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, February 2025: AED 57,600 a yearNew contract, September 2025: AED 58,800 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 1203 sits

All 280 studios →

1203 last sold in November 2024 at AED 849 per sqft, 5% below what studios in Palace Towers Residential Block were fetching at the time (AED 893). 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. 1203's AED 58,800 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 12th floor

All 424 units in Palace Towers Residential Block
Value
12011-bedAED 559K · Sep 2024
1202StudioAED 430K · Jun 2024
1204StudioAED 333K · Jul 2010
12052-bedAED 940K · Nov 2014
1206StudioAED 312K · Feb 2011
1207StudioAED 425K · May 2014
12082-bedAED 455K · Oct 2022
1–7 of 23

1203, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 26 July 2009 for AED 353,000, last on 14 November 2024 for AED 390,000 (AED 849 per sqft).
  • Rented since February 2025 on 2 Ejari contracts, from AED 57,600 to AED 58,800 a year.
  • At AED 58,800 a year the gross yield on the 2024 price is 15.1%, 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 1 September 2025.

Questions about 1203, Palace Towers Residential Block

What did unit 1203 last sell for?

AED 390,000 on 14 November 2024: AED 849 per sqft for 459 sqft. The unit has 4 registered sales; the first was AED 353,000 in July 2009.

What is the rent for unit 1203?

AED 58,800 a year on the contract signed on 1 September 2025. The previous contract, from February 2025, was AED 57,600.

How big is unit 1203?

459 sqft (42.6 sqm): a studio on the 12th floor of a 22-storey tower completed in 2009.

What is unit 1203 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 1203, Palace Towers Residential Block

Starts from the last sale price (AED 390K, 14 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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