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Studio · 344 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 12th floor · completed 2009

1207, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in May 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1207 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 425K4 May 2014
Current rentAED 33K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1207, Palace Towers Residential Block

What is 1207 worth today?

Last sold for AED 425,000 in 2014

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1 Nov 2024RentedRenewal
AED 33,000/yr12 months · AED 96 per sqft
1 Nov 2023RentedRenewal
AED 29,000/yr12 months · AED 84 per sqft
1 Nov 2022RentedRenewal
AED 25,200/yr12 months · AED 73 per sqft
1 Nov 2021RentedNew contract
AED 21,000/yr12 months · AED 61 per sqft
25 Sep 2020RentedNew contract
AED 21,000/yr12 months · AED 61 per sqft
1 Jul 2015RentedNew contract
AED 31,900/yr12 months · AED 93 per sqft
1 Jul 2014RentedNew contract
AED 29,000/yr12 months · AED 84 per sqft
4 May 2014SoldReady
AED 425,000AED 1,236 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
12th of 22
Parking
L2-75
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 425K · May 2014
Building
Palace Towers Residential Block

About 1207, Palace Towers Residential Block

1207 is a studio of 344 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 4 May 2014 for AED 425,000, or AED 1,236 per sqft, 39% above the AED 892 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 33,000 a year: a gross yield of 7.8% on the 2014 price, before the service charge of about AED 5,500 a year.

Sales and rents for 1207 over time

Sales
Unit 1207, 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, April 2010: AED 312,000 (AED 907 per sqft)Sold, August 2010: AED 312,000 (AED 907 per sqft)Sold, May 2014: AED 425,000 (AED 1,236 per sqft)

1207 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1207, each contractTypical studio in Palace Towers Residential Block
20K30K40K2012201620202024Typical 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, July 2014: AED 29,000 a yearNew contract, July 2015: AED 31,900 a yearNew contract, September 2020: AED 21,000 a yearNew contract, November 2021: AED 21,000 a yearRenewal, November 2022: AED 25,200 a yearRenewal, November 2023: AED 29,000 a yearRenewal, November 2024: AED 33,000 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 1207 sits

All 280 studios →

1207 last sold in May 2014 at AED 1,236 per sqft, 39% above what studios in Palace Towers Residential Block were fetching at the time (AED 892). 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. 1207's AED 33,000 is in the lower 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
1203StudioAED 390K · Nov 2024
1204StudioAED 333K · Jul 2010
12052-bedAED 940K · Nov 2014
1206StudioAED 312K · Feb 2011
12082-bedAED 455K · Oct 2022
1–7 of 23

1207, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 15 April 2010 for AED 312,000, last on 4 May 2014 for AED 425,000 (AED 1,236 per sqft).
  • Rented since July 2014 on 7 Ejari contracts. The rent fell from AED 29,000 to AED 21,000 in 2021 and recovered to AED 33,000 by November 2024.
  • At AED 33,000 a year the gross yield on the 2014 price is 7.8%, before a service charge of about AED 5,500 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 November 2024.

Questions about 1207, Palace Towers Residential Block

What did unit 1207 last sell for?

AED 425,000 on 4 May 2014: AED 1,236 per sqft for 344 sqft. The unit has 3 registered sales; the first was AED 312,000 in April 2010.

What is the rent for unit 1207?

AED 33,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 29,000; the unit has been rented since July 2014.

How big is unit 1207?

344 sqft (32.0 sqm): a studio on the 12th floor of a 22-storey tower completed in 2009.

What is unit 1207 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 1207, Palace Towers Residential Block

Starts from the last sale price (AED 425K, 4 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 425,000
Deposit, UAE resident (20%)
AED 85,000
Deposit, non-resident (40%)
AED 170,000
Monthly over 25 years at 3.7%
AED 1,739

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