Studio · 431 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 15th floor · completed 2009

1504, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in January 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1504 · DLD and Ejari recordsUpdated 6 October 2023

Last soldAED 275K20 January 2023

Current rentAED 18K /yr6 October 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1504, Palace Towers Residential Block

Today

What is 1504 worth today?

Last sold for AED 275,000 in 2023

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6 Oct 2023

6 Oct 2023RentedNew contract

AED 18,000/yr12 months · AED 42 per sqft

20 Jan 2023

20 Jan 2023SoldReady

AED 275,000AED 637 per sqft

1 Nov 2018

1 Nov 2018RentedNew contract

AED 37,000/yr12 months · AED 86 per sqft

30 Nov 2016

30 Nov 2016Sold by developerReady

AED 405,000AED 938 per sqft

Source: Dubai Land Department. Updated 6 October 2023.

Key facts

Type: Studio apartment
Size: 431 sqft
Floor: 15th of 22
Parking: B1-48
Developer: Tameer Holding Investment
Completed: 2009
Service charge: AED 6,900 /yr
Last sold: AED 275K · January 2023
Building: Palace Towers Residential Block

About 1504, Palace Towers Residential Block

1504 is a studio of 431 sqft on the 15th 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 20 January 2023 for AED 275,000, or AED 637 per sqft, in line with the AED 625 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 6 October 2023, is AED 18,000 a year: a gross yield of 6.6% on the 2023 price, before the service charge of about AED 6,900 a year.

Sales and rents for 1504 over time

Sales

Unit 1504, each saleTypical studio in Palace Towers Residential Block

1504 has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 1504, each contractTypical studio in Palace Towers Residential Block

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 1504 sits

All 280 studios →

Studios in Palace Towers Residential Block · last 12 months962 /sqft Palace Towers Residential Block · all types906 /sqft

1504 last sold in January 2023 at AED 637 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 625). 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. 1504's AED 18,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
5 Oct 20265 October 2026	344 sqft	395,000	1,149
1 Oct 20261 October 2026	470 sqft	435,000	924
20 Aug 202620 August 2026	344 sqft	390,000	1,134
21 Jul 202621 July 2026	459 sqft	445,000	969

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 15th floor

All 424 units in Palace Towers Residential Block


1501	1-bed	826 sqft	AED 595KAED 595,000 · Apr 2026April 2026	50,000 /yr
1502	Studio	470 sqft	AED 398KAED 397,950 · Oct 2013October 2013
1503	Studio	459 sqft	AED 359KAED 359,000 · Jan 2011January 2011	30,000 /yr
1505	2-bed	990 sqft	AED 795KAED 795,000 · Jun 2010June 2010	75,000 /yr
1506	Studio	344 sqft	AED 425KAED 425,000 · Mar 2026March 2026	40,000 /yr
1507	Studio	344 sqft	AED 350KAED 350,000 · Mar 2024March 2024	49,248 /yr
1508	2-bed	990 sqft	AED 470KAED 470,000 · Jun 2021June 2021	65,000 /yr
1509	Studio	431 sqft	AED 460KAED 460,000 · Jul 2026July 2026	46,000 /yr
1510	1-bed	794 sqft	AED 645KAED 645,000 · Sep 2025September 2025	65,000 /yr
1511	Studio	482 sqft	AED 439KAED 438,900 · Dec 2011December 2011	42,000 /yr
1512	Studio	510 sqft	AED 439KAED 439,000 · May 2019May 2019
1513	Studio	510 sqft	AED 345KAED 345,000 · Dec 2023December 2023	28,000 /yr
1514	Studio	482 sqft	AED 415KAED 415,000 · Feb 2025February 2025	40,000 /yr
1515	1-bed	794 sqft	AED 480KAED 480,000 · Feb 2018February 2018	42,000 /yr
1516	Studio	431 sqft	AED 350KAED 350,000 · Oct 2016October 2016	38,000 /yr
1517	2-bed	990 sqft	AED 429KAED 428,925 · Sep 2010September 2010	70,000 /yr
1518	Studio	344 sqft	AED 318KAED 318,000 · Dec 2014December 2014	48,000 /yr
1519	Studio	344 sqft	AED 300KAED 300,000 · Nov 2017November 2017	40,000 /yr
1520	2-bed	990 sqft	AED 817KAED 817,000 · Nov 2010November 2010	55,000 /yr
1521	Studio	431 sqft	AED 300KAED 300,000 · Feb 2023February 2023	54,000 /yr
1522	Studio	459 sqft	AED 425KAED 425,000 · Nov 2024November 2024	45,000 /yr
1523	Studio	470 sqft	AED 320KAED 320,000 · May 2022May 2022	48,000 /yr
1524	1-bed	826 sqft	AED 686KAED 686,000 · Jul 2009July 2009

1–7 of 23

1504, Palace Towers Residential Block in numbers

Sold twice: first on 30 November 2016 for AED 405,000, last on 20 January 2023 for AED 275,000 (AED 637 per sqft).
Rented since November 2018 on 2 Ejari contracts, from AED 37,000 to AED 18,000 a year.
At AED 18,000 a year the gross yield on the 2023 price is 6.6%, before a service charge of about AED 6,900 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 6 October 2023.

Questions about 1504, Palace Towers Residential Block

What did unit 1504 last sell for?

AED 275,000 on 20 January 2023: AED 637 per sqft for 431 sqft. The unit has 2 registered sales; the first was AED 405,000 in November 2016.

What is the rent for unit 1504?

AED 18,000 a year on the contract signed on 6 October 2023. The previous contract, from November 2018, was AED 37,000.

How big is unit 1504?

431 sqft (40.0 sqm): a studio on the 15th floor of a 22-storey tower completed in 2009.

What is unit 1504 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 1504, Palace Towers Residential Block

Starts from the last sale price (AED 275K, 20 January 2023). Switch to today's estimate once you have unlocked it.

Price: AED 275,000
Deposit, UAE resident (20%): AED 55,000
Deposit, non-resident (40%): AED 110,000
Monthly over 25 years at 3.7%: AED 1,125

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