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2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 14th floor · completed 2009

1408, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in June 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1408 · DLD and Ejari recordsUpdated 13 June 2026
Last soldAED 580K13 June 2023
Current rentAED 69K /yr13 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1408, Palace Towers Residential Block

What is 1408 worth today?

Last sold for AED 580,000 in 2023

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13 Jun 2026RentedRenewal
AED 68,970/yr12 months · AED 70 per sqft
13 Jun 2025RentedRenewal
AED 68,970/yr12 months · AED 70 per sqft
14 Jun 2024RentedRenewal
AED 62,869/yr12 months · AED 63 per sqft
14 Jun 2023RentedNew contract
AED 57,000/yr12 months · AED 58 per sqft
13 Jun 2023SoldReady
AED 580,000AED 585 per sqft
13 Jun 2023RentedRenewal
AED 56,842/yr12 months · AED 57 per sqft
13 Jun 2022RentedNew contract
AED 52,000/yr12 months · AED 53 per sqft
1 Nov 2021RentedNew contract
AED 30,000/yr13 months · AED 30 per sqft

Source: Dubai Land Department. Updated 13 June 2026.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
14th of 22
Parking
B2-143
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 580K · June 2023
Building
Palace Towers Residential Block

About 1408, Palace Towers Residential Block

1408 is a two-bedroom apartment of 990 sqft on the 14th 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 13 June 2023 for AED 580,000, or AED 585 per sqft, 14% above the AED 515 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 13 June 2026, is AED 68,970 a year: a gross yield of 11.9% on the 2023 price, before the service charge of about AED 15,900 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, each saleTypical two-bed in Palace Towers Residential Block
400K600K800K2009201420192024Typical 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, July 2009: AED 815,000 (AED 823 per sqft)Sold, September 2010: AED 815,000 (AED 823 per sqft)Sold, January 2013: AED 650,000 (AED 656 per sqft)Sold, June 2023: AED 580,000 (AED 585 per sqft)

1408 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1408, each contractTypical two-bed in Palace Towers Residential Block
50K2012201620202024Typical 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, September 2013: AED 70,000 a yearNew contract, November 2014: AED 87,000 a yearNew contract, November 2021: AED 30,000 a yearNew contract, June 2022: AED 52,000 a yearNew contract, June 2023: AED 57,000 a yearRenewal, June 2023: AED 56,842 a yearRenewal, June 2024: AED 62,869 a yearRenewal, June 2025: AED 68,970 a yearRenewal, June 2026: AED 68,970 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 1408 sits

All 72 2-beds →

1408 last sold in June 2023 at AED 585 per sqft, 14% above what two-beds in Palace Towers Residential Block were fetching at the time (AED 515). 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. 1408's AED 68,970 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
9.3%
Palace Towers Residential Block, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 14th floor

All 424 units in Palace Towers Residential Block
Value
14011-bedAED 258K · Jun 2011
1402StudioAED 430K · Aug 2025
1403StudioAED 415K · Aug 2025
1404StudioAED 415K · Aug 2014
14052-bedAED 800K · Aug 2017
1406StudioAED 275K · Nov 2019
1407StudioAED 395K · Oct 2026
1–7 of 23

1408, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 27 July 2009 for AED 815,000, last on 13 June 2023 for AED 580,000 (AED 585 per sqft).
  • Rented since September 2013 on 9 Ejari contracts. The rent fell from AED 70,000 to AED 30,000 in 2021 and recovered to AED 68,970 by June 2026.
  • At AED 68,970 a year the gross yield on the 2023 price is 11.9%, 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 13 June 2026.

Questions about 1408, Palace Towers Residential Block

What did unit 1408 last sell for?

AED 580,000 on 13 June 2023: AED 585 per sqft for 990 sqft. The unit has 4 registered sales; the first was AED 815,000 in July 2009.

What is the rent for unit 1408?

AED 68,970 a year on the contract renewed on 13 June 2026. The previous contract, from June 2025, was AED 68,970; the unit has been rented since September 2013.

How big is unit 1408?

990 sqft (92.0 sqm): a two-bedroom apartment on the 14th floor of a 22-storey tower completed in 2009.

What is unit 1408 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 1408, Palace Towers Residential Block

Starts from the last sale price (AED 580K, 13 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 580,000
Deposit, UAE resident (20%)
AED 116,000
Deposit, non-resident (40%)
AED 232,000
Monthly over 25 years at 3.7%
AED 2,373

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