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Studio · 431 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 12th floor · completed 2009

1204, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in July 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1204 · DLD and Ejari recordsUpdated 10 April 2026
Last soldAED 333K7 July 2010
Current rentAED 40K /yr10 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1204, Palace Towers Residential Block

What is 1204 worth today?

Last sold for AED 333,000 in 2010

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10 Apr 2026RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
10 Apr 2025RentedNew contract
AED 38,000/yr12 months · AED 88 per sqft
10 Apr 2021RentedNew contract
AED 22,000/yr12 months · AED 51 per sqft
21 Oct 2019RentedNew contract
AED 30,000/yr12 months · AED 70 per sqft
22 Apr 2017RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
22 May 2015RentedNew contract
AED 48,000/yr12 months · AED 111 per sqft
7 Jul 2010SoldReady
AED 333,000AED 772 per sqft
26 Jul 2009Sold by developerOff-plan
AED 333,000AED 772 per sqft

Source: Dubai Land Department. Updated 10 April 2026.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
12th of 22
Parking
L1-113
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 333K · July 2010
Building
Palace Towers Residential Block

About 1204, Palace Towers Residential Block

1204 is a studio of 431 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 7 July 2010 for AED 333,000, or AED 772 per sqft, 8% below the AED 841 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 10 April 2026, is AED 40,000 a year: a gross yield of 12.0% on the 2010 price, before the service charge of about AED 6,900 a year.

Sales and rents for 1204 over time

Sales
Unit 1204, 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 333,000 (AED 772 per sqft)Sold, July 2010: AED 333,000 (AED 772 per sqft)

1204 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1204, 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, May 2015: AED 48,000 a yearNew contract, April 2017: AED 40,000 a yearNew contract, October 2019: AED 30,000 a yearNew contract, April 2021: AED 22,000 a yearNew contract, April 2025: AED 38,000 a yearNew contract, April 2026: AED 40,000 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 1204 sits

All 280 studios →

1204 last sold in July 2010 at AED 772 per sqft, 8% below what studios in Palace Towers Residential Block were fetching at the time (AED 841). 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. 1204's AED 40,000 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
9.2%
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
1203StudioAED 390K · Nov 2024
12052-bedAED 940K · Nov 2014
1206StudioAED 312K · Feb 2011
1207StudioAED 425K · May 2014
12082-bedAED 455K · Oct 2022
1–7 of 23

1204, Palace Towers Residential Block in numbers

  • Sold twice: first on 26 July 2009 for AED 333,000, last on 7 July 2010 for AED 333,000 (AED 772 per sqft).
  • Rented since May 2015 on 6 Ejari contracts. The rent fell from AED 48,000 to AED 22,000 in 2021 and recovered to AED 40,000 by April 2026.
  • At AED 40,000 a year the gross yield on the 2010 price is 12.0%, before a service charge of about AED 6,900 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 10 April 2026.

Questions about 1204, Palace Towers Residential Block

What did unit 1204 last sell for?

AED 333,000 on 7 July 2010: AED 772 per sqft for 431 sqft. The unit has 2 registered sales; the first was AED 333,000 in July 2009.

What is the rent for unit 1204?

AED 40,000 a year on the contract signed on 10 April 2026. The previous contract, from April 2025, was AED 38,000; the unit has been rented since May 2015.

How big is unit 1204?

431 sqft (40.0 sqm): a studio on the 12th floor of a 22-storey tower completed in 2009.

What is unit 1204 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 1204, Palace Towers Residential Block

Starts from the last sale price (AED 333K, 7 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 333,000
Deposit, UAE resident (20%)
AED 66,600
Deposit, non-resident (40%)
AED 133,200
Monthly over 25 years at 3.7%
AED 1,362

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