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2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 12th floor · completed 2009

1205, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in November 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1205 · DLD and Ejari recordsUpdated 1 February 2026
Last soldAED 940K19 November 2014
Current rentAED 62K /yr1 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1205, Palace Towers Residential Block

What is 1205 worth today?

Last sold for AED 940,000 in 2014

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1 Feb 2026RentedRenewal
AED 62,370/yr12 months · AED 63 per sqft
1 Feb 2025RentedRenewal
AED 59,400/yr12 months · AED 60 per sqft
1 Feb 2024RentedRenewal
AED 59,400/yr12 months · AED 60 per sqft
1 Feb 2023RentedRenewal
AED 48,500/yr12 months · AED 49 per sqft
1 Feb 2022RentedRenewal
AED 42,000/yr12 months · AED 42 per sqft
1 Feb 2021RentedNew contract
AED 42,000/yr12 months · AED 42 per sqft
1 Jul 2018RentedNew contract
AED 65,000/yr12 months · AED 66 per sqft
30 Aug 2015RentedNew contract
AED 90,000/yr12 months · AED 91 per sqft

Source: Dubai Land Department. Updated 1 February 2026.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
12th of 22
Parking
B2-42
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 940K · November 2014
Building
Palace Towers Residential Block

About 1205, Palace Towers Residential Block

1205 is a two-bedroom apartment of 990 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 19 November 2014 for AED 940,000, or AED 949 per sqft, 11% above the AED 858 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 February 2026, is AED 62,370 a year: a gross yield of 6.6% on the 2014 price, before the service charge of about AED 15,900 a year.

Sales and rents for 1205 over time

Sales
Unit 1205, each saleTypical two-bed in Palace Towers Residential Block
500K750K1M2009201420192024Typical sale price by year: 2009 AED 838,950; 2010 AED 815,000; 2011 AED 805,000; 2012 AED 500,000; 2013 AED 720,000; 2014 AED 850,000; 2015 AED 855,000; 2018 AED 650,000; 2019 AED 580,000; 2021 AED 454,000; 2022 AED 485,000; 2023 AED 570,000; 2024 AED 670,000; 2025 AED 820,000; 2026 AED 850,000Sold by developer, December 2009: AED 869,873 (AED 878 per sqft)Sold, December 2009: AED 869,873 (AED 878 per sqft)Sold, August 2010: AED 434,937 (AED 439 per sqft)Sold, November 2014: AED 940,000 (AED 949 per sqft)

1205 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1205, each contractTypical two-bed in Palace Towers Residential Block
50K75K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 58,524; 2014 AED 73,500; 2015 AED 81,000; 2016 AED 79,558; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 50,000; 2021 AED 42,000; 2022 AED 49,450; 2023 AED 55,000; 2024 AED 63,000; 2025 AED 65,464; 2026 AED 70,000New contract, August 2013: AED 50,000 a yearRenewal, August 2014: AED 55,000 a yearNew contract, August 2015: AED 90,000 a yearNew contract, July 2018: AED 65,000 a yearNew contract, February 2021: AED 42,000 a yearRenewal, February 2022: AED 42,000 a yearRenewal, February 2023: AED 48,500 a yearRenewal, February 2024: AED 59,400 a yearRenewal, February 2025: AED 59,400 a yearRenewal, February 2026: AED 62,370 a year

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

2-beds in Palace Towers Residential Block, and where 1205 sits

All 72 2-beds →

1205 last sold in November 2014 at AED 949 per sqft, 11% above what two-beds in Palace Towers Residential Block were fetching at the time (AED 858). Over the last 12 months two-beds sold for AED 825,000 to 880,000, around AED 848 per sqft, and rent for AED 35,000 to 85,000 a year. 1205's AED 62,370 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 2026840,000
21 Aug 2026860,000
5 May 2026880,000
6 Apr 2026840,000
7 2-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 12th floor

All 424 units in Palace Towers Residential Block
Value
12011-bedAED 559K · Sep 2024
1202StudioAED 430K · Jun 2024
1203StudioAED 390K · Nov 2024
1204StudioAED 333K · Jul 2010
1206StudioAED 312K · Feb 2011
1207StudioAED 425K · May 2014
12082-bedAED 455K · Oct 2022
1–7 of 23

1205, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 20 December 2009 for AED 869,873, last on 19 November 2014 for AED 940,000 (AED 949 per sqft).
  • Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 50,000 to AED 42,000 in 2022 and recovered to AED 62,370 by February 2026.
  • At AED 62,370 a year the gross yield on the 2014 price is 6.6%, before a service charge of about AED 15,900 a year (AED 16.09 per sqft).
  • Two-beds in Palace Towers Residential Block sold for AED 825,000–880,000 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 February 2026.

Questions about 1205, Palace Towers Residential Block

What did unit 1205 last sell for?

AED 940,000 on 19 November 2014: AED 949 per sqft for 990 sqft. The unit has 4 registered sales; the first was AED 869,873 in December 2009.

What is the rent for unit 1205?

AED 62,370 a year on the contract renewed on 1 February 2026. The previous contract, from February 2025, was AED 59,400; the unit has been rented since August 2013.

How big is unit 1205?

990 sqft (92.0 sqm): a two-bedroom apartment on the 12th floor of a 22-storey tower completed in 2009.

What is unit 1205 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Towers Residential Block sold for AED 825,000 to 880,000 in the last 12 months, around AED 848 per sqft.

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Mortgage on 1205, Palace Towers Residential Block

Starts from the last sale price (AED 940K, 19 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 940,000
Deposit, UAE resident (20%)
AED 188,000
Deposit, non-resident (40%)
AED 376,000
Monthly over 25 years at 3.7%
AED 3,846

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