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

1509, Palace Towers Residential Block

Sold prices and rental history: sold 5 times, last in July 2026, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1509 · DLD and Ejari recordsUpdated 9 July 2026
Last soldAED 460K9 July 2026
Current rentAED 46K /yr18 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1509, Palace Towers Residential Block

What is 1509 worth today?

Last sold for AED 460,000 in 2026

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9 Jul 2026SoldReady
AED 460,000AED 1,066 per sqft
18 Jul 2025RentedRenewal
AED 46,000/yr12 months · AED 107 per sqft
18 Jul 2024RentedNew contract
AED 46,000/yr12 months · AED 107 per sqft
4 Jun 2024SoldReady
AED 340,000AED 788 per sqft
3 Nov 2016SoldReady
AED 400,000AED 927 per sqft
30 Sep 2016RentedNew contract
AED 36,000/yr12 months · AED 84 per sqft
12 Oct 2012RentedNew contract
AED 12,000/yr6 months · AED 28 per sqft
8 Jun 2011SoldReady
AED 368,000AED 853 per sqft

Source: Dubai Land Department. Updated 9 July 2026.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
15th of 22
Parking
B2-233
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 460K · July 2026
Building
Palace Towers Residential Block

About 1509, Palace Towers Residential Block

1509 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 9 July 2026 for AED 460,000, or AED 1,066 per sqft, 7% above the AED 994 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 18 July 2025, is AED 46,000 a year: a gross yield of 10.0% on the 2026 price, before the service charge of about AED 6,900 a year.

Sales and rents for 1509 over time

Sales
Unit 1509, 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 368,000 (AED 853 per sqft)Sold, June 2011: AED 368,000 (AED 853 per sqft)Sold, November 2016: AED 400,000 (AED 927 per sqft)Sold, June 2024: AED 340,000 (AED 788 per sqft)Sold, July 2026: AED 460,000 (AED 1,066 per sqft)

1509 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1509, each contractTypical studio in Palace Towers Residential Block
20K40K2012201620202024Typical 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, October 2012: AED 12,000 a yearNew contract, September 2016: AED 36,000 a yearNew contract, July 2024: AED 46,000 a yearRenewal, July 2025: AED 46,000 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 1509 sits

All 280 studios →

1509 last sold in July 2026 at AED 1,066 per sqft, 7% above what studios in Palace Towers Residential Block were fetching at the time (AED 994). 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. 1509's AED 46,000 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
9.2%
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
Value
15011-bedAED 595K · Apr 2026
1502StudioAED 398K · Oct 2013
1503StudioAED 359K · Jan 2011
1504StudioAED 275K · Jan 2023
15052-bedAED 795K · Jun 2010
1506StudioAED 425K · Mar 2026
1507StudioAED 350K · Mar 2024
1–7 of 23

1509, Palace Towers Residential Block in numbers

  • Sold 5 times: first on 27 July 2009 for AED 368,000, last on 9 July 2026 for AED 460,000 (AED 1,066 per sqft).
  • Rented since October 2012 on 4 Ejari contracts, from AED 12,000 to AED 46,000 a year.
  • At AED 46,000 a year the gross yield on the 2026 price is 10.0%, 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 9 July 2026.

Questions about 1509, Palace Towers Residential Block

What did unit 1509 last sell for?

AED 460,000 on 9 July 2026: AED 1,066 per sqft for 431 sqft. The unit has 5 registered sales; the first was AED 368,000 in July 2009.

What is the rent for unit 1509?

AED 46,000 a year on the contract renewed on 18 July 2025. The previous contract, from July 2024, was AED 46,000; the unit has been rented since October 2012.

How big is unit 1509?

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

What is unit 1509 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 1509, Palace Towers Residential Block

Starts from the last sale price (AED 460K, 9 July 2026). Switch to today's estimate once you have unlocked it.
Price
AED 460,000
Deposit, UAE resident (20%)
AED 92,000
Deposit, non-resident (40%)
AED 184,000
Monthly over 25 years at 3.7%
AED 1,882

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