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Studio · 510 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 14th floor · completed 2009

1413, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in October 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1413 · DLD and Ejari recordsUpdated 17 September 2025
Last soldAED 161K13 October 2011
Current rentAED 42K /yr17 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1413, Palace Towers Residential Block

What is 1413 worth today?

Last sold for AED 161,000 in 2011

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17 Sep 2025RentedNew contract
AED 42,000/yr12 months · AED 83 per sqft
5 May 2021RentedNew contract
AED 22,000/yr12 months · AED 43 per sqft
5 Feb 2020RentedRenewal
AED 30,000/yr12 months · AED 59 per sqft
5 Feb 2019RentedNew contract
AED 35,000/yr12 months · AED 69 per sqft
5 Feb 2018RentedNew contract
AED 38,000/yr12 months · AED 75 per sqft
4 Dec 2016RentedNew contract
AED 39,786/yr12 months · AED 79 per sqft
5 Dec 2014RentedNew contract
AED 40,000/yr12 months · AED 79 per sqft
5 Dec 2013RentedNew contract
AED 40,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 17 September 2025.

Key facts

Type
Studio apartment
Size
510 sqft
Floor
14th of 22
Parking
B2-27
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 8,200 /yr
Last sold
AED 161K · October 2011
Building
Palace Towers Residential Block

About 1413, Palace Towers Residential Block

1413 is a studio of 510 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 October 2011 for AED 161,000, or AED 315 per sqft, 62% below the AED 822 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 17 September 2025, is AED 42,000 a year: a gross yield of 26.1% on the 2011 price, before the service charge of about AED 8,200 a year.

Sales and rents for 1413 over time

Sales
Unit 1413, each saleTypical studio in Palace Towers Residential Block
200K400K2009201420192024Typical 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 432,630 (AED 848 per sqft)Sold, October 2011: AED 161,000 (AED 315 per sqft)

1413 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1413, 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, December 2013: AED 40,000 a yearNew contract, December 2014: AED 40,000 a yearNew contract, December 2016: AED 39,786 a yearNew contract, February 2018: AED 38,000 a yearNew contract, February 2019: AED 35,000 a yearRenewal, February 2020: AED 30,000 a yearNew contract, May 2021: AED 22,000 a yearNew contract, September 2025: AED 42,000 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 1413 sits

All 280 studios →

1413 last sold in October 2011 at AED 315 per sqft, 62% below what studios in Palace Towers Residential Block were fetching at the time (AED 822). 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. 1413's AED 42,000 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
9.3%
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

1413, Palace Towers Residential Block in numbers

  • Sold twice: first on 27 July 2009 for AED 432,630, last on 13 October 2011 for AED 161,000 (AED 315 per sqft).
  • Rented since December 2013 on 8 Ejari contracts. The rent fell from AED 40,000 to AED 22,000 in 2021 and recovered to AED 42,000 by September 2025.
  • At AED 42,000 a year the gross yield on the 2011 price is 26.1%, before a service charge of about AED 8,200 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 17 September 2025.

Questions about 1413, Palace Towers Residential Block

What did unit 1413 last sell for?

AED 161,000 on 13 October 2011: AED 315 per sqft for 510 sqft. The unit has 2 registered sales; the first was AED 432,630 in July 2009.

What is the rent for unit 1413?

AED 42,000 a year on the contract signed on 17 September 2025. The previous contract, from May 2021, was AED 22,000; the unit has been rented since December 2013.

How big is unit 1413?

510 sqft (47.4 sqm): a studio on the 14th floor of a 22-storey tower completed in 2009.

What is unit 1413 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 1413, Palace Towers Residential Block

Starts from the last sale price (AED 161K, 13 October 2011). Switch to today's estimate once you have unlocked it.
Price
AED 161,000
Deposit, UAE resident (20%)
AED 32,200
Deposit, non-resident (40%)
AED 64,400
Monthly over 25 years at 3.7%
AED 659

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