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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 13th floor · completed 2009

1302, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in September 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1302 · DLD and Ejari recordsUpdated 19 September 2022
Last soldAED 280K19 September 2022
Current rentAED 30K /yr17 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1302, Palace Towers Residential Block

What is 1302 worth today?

Last sold for AED 280,000 in 2022

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19 Sep 2022SoldReady
AED 280,000AED 595 per sqft
17 Mar 2022RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
1 Dec 2018RentedNew contract
AED 32,000/yr12 months · AED 68 per sqft
20 Sep 2017RentedNew contract
AED 42,000/yr12 months · AED 89 per sqft
30 Jun 2014SoldReady
AED 350,000AED 744 per sqft
2 May 2011SoldReady
AED 393,750AED 837 per sqft
27 Jul 2009Sold by developerOff-plan
AED 393,750AED 837 per sqft

Source: Dubai Land Department. Updated 19 September 2022.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
13th of 22
Parking
B2-8
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 280K · September 2022
Building
Palace Towers Residential Block

About 1302, Palace Towers Residential Block

1302 is a studio of 470 sqft on the 13th 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 September 2022 for AED 280,000, or AED 595 per sqft, 6% below the AED 631 studios in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 17 March 2022, is AED 30,000 a year: a gross yield of 10.7% on the 2022 price, before the service charge of about AED 7,600 a year.

Sales and rents for 1302 over time

Sales
Unit 1302, 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 393,750 (AED 837 per sqft)Sold, May 2011: AED 393,750 (AED 837 per sqft)Sold, June 2014: AED 350,000 (AED 744 per sqft)Sold, September 2022: AED 280,000 (AED 595 per sqft)

1302 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1302, 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, September 2017: AED 42,000 a yearNew contract, December 2018: AED 32,000 a yearNew contract, March 2022: AED 30,000 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 1302 sits

All 280 studios →

1302 last sold in September 2022 at AED 595 per sqft, 6% below what studios in Palace Towers Residential Block were fetching at the time (AED 631). 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. 1302's AED 30,000 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
9.2%
Palace Towers Residential Block, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 13th floor

All 424 units in Palace Towers Residential Block
Value
13011-bedAED 575K · Oct 2025
1303StudioAED 407K · May 2026
1304StudioAED 335K · Jul 2010
13052-bedAED 791K · Jan 2013
1306StudioAED 400K · Oct 2025
1307StudioAED 350K · Mar 2024
13082-bedAED 630K · Jun 2023
1–7 of 23

1302, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 27 July 2009 for AED 393,750, last on 19 September 2022 for AED 280,000 (AED 595 per sqft).
  • Rented since September 2017 on 3 Ejari contracts, from AED 42,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2022 price is 10.7%, before a service charge of about AED 7,600 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 19 September 2022.

Questions about 1302, Palace Towers Residential Block

What did unit 1302 last sell for?

AED 280,000 on 19 September 2022: AED 595 per sqft for 470 sqft. The unit has 4 registered sales; the first was AED 393,750 in July 2009.

What is the rent for unit 1302?

AED 30,000 a year on the contract signed on 17 March 2022. The previous contract, from December 2018, was AED 32,000; the unit has been rented since September 2017.

How big is unit 1302?

470 sqft (43.7 sqm): a studio on the 13th floor of a 22-storey tower completed in 2009.

What is unit 1302 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 1302, Palace Towers Residential Block

Starts from the last sale price (AED 280K, 19 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 280,000
Deposit, UAE resident (20%)
AED 56,000
Deposit, non-resident (40%)
AED 112,000
Monthly over 25 years at 3.7%
AED 1,146

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