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Studio · 431 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 17th floor · completed 2009

1704, Palace Towers Residential Block

Sold prices and rental history: sold 7 times, last in December 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 28 August 2025
Last soldAED 455K17 December 2015
Current rentAED 38K /yr28 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1704, Palace Towers Residential Block

What is 1704 worth today?

Last sold for AED 455,000 in 2015

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28 Aug 2025RentedNew contract
AED 38,000/yr12 months · AED 88 per sqft
1 Jun 2023RentedNew contract
AED 30,000/yr12 months · AED 70 per sqft
1 Mar 2020RentedRenewal
AED 28,000/yr12 months · AED 65 per sqft
1 Mar 2019RentedNew contract
AED 35,000/yr12 months · AED 81 per sqft
15 Dec 2017RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
17 Dec 2015SoldReady
AED 455,000AED 1,054 per sqft
9 Jul 2014RentedNew contract
AED 43,500/yr12 months · AED 101 per sqft
27 Jun 2013SoldReady
AED 350,000AED 811 per sqft

Source: Dubai Land Department. Updated 28 August 2025.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
17th of 22
Parking
L1-106
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 455K · December 2015
Building
Palace Towers Residential Block

About 1704, Palace Towers Residential Block

1704 is a studio of 431 sqft on the 17th 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 17 December 2015 for AED 455,000, or AED 1,054 per sqft, in line with the AED 1,031 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 28 August 2025, is AED 38,000 a year: a gross yield of 8.3% on the 2015 price, before the service charge of about AED 6,900 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, 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 334,740 (AED 776 per sqft)Sold, June 2010: AED 334,740 (AED 776 per sqft)Sold, February 2012: AED 215,000 (AED 498 per sqft)Sold, April 2012: AED 245,000 (AED 568 per sqft)Sold, March 2013: AED 295,000 (AED 683 per sqft)Sold, June 2013: AED 350,000 (AED 811 per sqft)Sold, December 2015: AED 455,000 (AED 1,054 per sqft)

1704 has sold 7 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1704, 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, July 2014: AED 43,500 a yearNew contract, December 2017: AED 40,000 a yearNew contract, March 2019: AED 35,000 a yearRenewal, March 2020: AED 28,000 a yearNew contract, June 2023: AED 30,000 a yearNew contract, August 2025: AED 38,000 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 1704 sits

All 280 studios →

1704 last sold in December 2015 at AED 1,054 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 1,031). 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. 1704's AED 38,000 is in the lower 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 17th floor

All 424 units in Palace Towers Residential Block
Value
17011-bedAED 470K · May 2013
1702StudioAED 420K · May 2012
1703StudioAED 265K · Mar 2012
17052-bedAED 830K · Mar 2016
1706StudioAED 345K · Oct 2024
1707StudioAED 270K · Jul 2022
17082-bedAED 660K · Feb 2025
1–7 of 23

1704, Palace Towers Residential Block in numbers

  • Sold 7 times: first on 17 July 2009 for AED 334,740, last on 17 December 2015 for AED 455,000 (AED 1,054 per sqft).
  • Rented since July 2014 on 6 Ejari contracts. The rent fell from AED 43,500 to AED 28,000 in 2020 and recovered to AED 38,000 by August 2025.
  • At AED 38,000 a year the gross yield on the 2015 price is 8.3%, 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 28 August 2025.

Questions about 1704, Palace Towers Residential Block

What did unit 1704 last sell for?

AED 455,000 on 17 December 2015: AED 1,054 per sqft for 431 sqft. The unit has 7 registered sales; the first was AED 334,740 in July 2009.

What is the rent for unit 1704?

AED 38,000 a year on the contract signed on 28 August 2025. The previous contract, from June 2023, was AED 30,000; the unit has been rented since July 2014.

How big is unit 1704?

431 sqft (40.0 sqm): a studio on the 17th floor of a 22-storey tower completed in 2009.

What is unit 1704 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 1704, Palace Towers Residential Block

Starts from the last sale price (AED 455K, 17 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 455,000
Deposit, UAE resident (20%)
AED 91,000
Deposit, non-resident (40%)
AED 182,000
Monthly over 25 years at 3.7%
AED 1,862

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