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1-bed · 826 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 16th floor · completed 2009

1601, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in February 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 27 February 2026
Last soldAED 650K14 February 2011
Current rentAED 52K /yr27 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1601, Palace Towers Residential Block

What is 1601 worth today?

Last sold for AED 650,000 in 2011

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27 Feb 2026RentedRenewal
AED 52,000/yr12 months · AED 63 per sqft
27 Feb 2025RentedRenewal
AED 50,000/yr12 months · AED 61 per sqft
27 Feb 2024RentedNew contract
AED 48,000/yr12 months · AED 58 per sqft
5 Feb 2023RentedNew contract
AED 40,000/yr12 months · AED 48 per sqft
1 Aug 2022RentedRenewal
AED 33,000/yr6 months · AED 40 per sqft
1 Feb 2022RentedNew contract
AED 33,000/yr6 months · AED 40 per sqft
31 Oct 2019RentedRenewal
AED 36,000/yr12 months · AED 44 per sqft
31 Oct 2018RentedNew contract
AED 45,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 27 February 2026.

Key facts

Type
1-bed apartment
Size
826 sqft
Floor
16th of 22
Parking
L3-51
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 13,300 /yr
Last sold
AED 650K · February 2011
Building
Palace Towers Residential Block

About 1601, Palace Towers Residential Block

1601 is a one-bedroom apartment of 826 sqft on the 16th 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 14 February 2011 for AED 650,000, or AED 787 per sqft, 4% below the AED 821 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 27 February 2026, is AED 52,000 a year: a gross yield of 8.0% on the 2011 price, before the service charge of about AED 13,300 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, each saleTypical one-bed in Palace Towers Residential Block
400K600K2009201420192024Typical sale price by year: 2009 AED 687,000; 2010 AED 657,574; 2011 AED 645,145; 2012 AED 491,547; 2013 AED 555,800; 2014 AED 680,500; 2015 AED 673,250; 2017 AED 560,000; 2020 AED 365,000; 2021 AED 367,500; 2022 AED 420,000; 2023 AED 420,000; 2024 AED 500,000; 2025 AED 600,750; 2026 AED 595,000Sold by developer, July 2009: AED 650,000 (AED 787 per sqft)Sold, February 2011: AED 650,000 (AED 787 per sqft)

1601 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1601, each contractTypical one-bed in Palace Towers Residential Block
40K60K2012201620202024Typical rent by year: 2012 AED 40,000; 2013 AED 50,000; 2014 AED 49,500; 2015 AED 60,000; 2016 AED 63,500; 2017 AED 56,000; 2018 AED 49,500; 2019 AED 40,500; 2020 AED 35,500; 2021 AED 30,541; 2022 AED 34,750; 2023 AED 40,000; 2024 AED 50,000; 2025 AED 52,000; 2026 AED 53,000New contract, September 2014: AED 63,000 a yearNew contract, September 2016: AED 65,000 a yearRenewal, September 2017: AED 65,000 a yearNew contract, October 2018: AED 45,000 a yearRenewal, October 2019: AED 36,000 a yearNew contract, February 2022: AED 33,000 a yearRenewal, August 2022: AED 33,000 a yearNew contract, February 2023: AED 40,000 a yearNew contract, February 2024: AED 48,000 a yearRenewal, February 2025: AED 50,000 a yearRenewal, February 2026: AED 52,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Palace Towers Residential Block, and where 1601 sits

All 72 1-beds →

1601 last sold in February 2011 at AED 787 per sqft, 4% below what one-beds in Palace Towers Residential Block were fetching at the time (AED 821). Over the last 12 months one-beds sold for AED 555,000 to 610,000, around AED 720 per sqft, and rent for AED 34,500 to 90,000 a year. 1601's AED 52,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Jun 2026555,000
7 Apr 2026595,000
19 Feb 2026610,000
29 Oct 2025575,000
3 1-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
9.2%
Palace Towers Residential Block, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 16th floor

All 424 units in Palace Towers Residential Block
Value
1602StudioAED 215K · Aug 2011
1603StudioAED 255K · Nov 2021
1604StudioAED 500K · Jul 2014
16052-bedAED 590K · Nov 2018
1606StudioAED 250K · Apr 2022
1607StudioAED 410K · Feb 2024
16082-bedAED 410K · Apr 2011
1–7 of 23

1601, Palace Towers Residential Block in numbers

  • Sold twice: first on 27 July 2009 for AED 650,000, last on 14 February 2011 for AED 650,000 (AED 787 per sqft).
  • Rented since September 2014 on 11 Ejari contracts. The rent fell from AED 63,000 to AED 33,000 in 2022 and recovered to AED 52,000 by February 2026.
  • At AED 52,000 a year the gross yield on the 2011 price is 8.0%, before a service charge of about AED 13,300 a year (AED 16.09 per sqft).
  • One-beds in Palace Towers Residential Block sold for AED 555,000–610,000 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 27 February 2026.

Questions about 1601, Palace Towers Residential Block

What did unit 1601 last sell for?

AED 650,000 on 14 February 2011: AED 787 per sqft for 826 sqft. The unit has 2 registered sales; the first was AED 650,000 in July 2009.

What is the rent for unit 1601?

AED 52,000 a year on the contract renewed on 27 February 2026. The previous contract, from February 2025, was AED 50,000; the unit has been rented since September 2014.

How big is unit 1601?

826 sqft (76.7 sqm): a one-bedroom apartment on the 16th floor of a 22-storey tower completed in 2009.

What is unit 1601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Palace Towers Residential Block sold for AED 555,000 to 610,000 in the last 12 months, around AED 720 per sqft.

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Mortgage on 1601, Palace Towers Residential Block

Starts from the last sale price (AED 650K, 14 February 2011). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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