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Studio · 344 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 17th floor · completed 2009

1706, Palace Towers Residential Block

Sold prices and rental history: sold 7 times, last in October 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 25 October 2024
Last soldAED 345K25 October 2024
Current rentAED 30K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1706, Palace Towers Residential Block

What is 1706 worth today?

Last sold for AED 345,000 in 2024

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25 Oct 2024SoldReady
AED 345,000AED 1,003 per sqft
1 Jul 2024RentedRenewal
AED 30,360/yr12 months · AED 88 per sqft
1 Jul 2023RentedRenewal
AED 27,600/yr12 months · AED 80 per sqft
1 Jan 2023RentedRenewal
AED 24,000/yr6 months · AED 70 per sqft
1 Jan 2022RentedNew contract
AED 20,000/yr12 months · AED 58 per sqft
1 Jan 2021RentedNew contract
AED 20,000/yr12 months · AED 58 per sqft
18 Jun 2020SoldReady
AED 210,000AED 1,221 per sqft
1 Nov 2019RentedNew contract
AED 20,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 25 October 2024.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
17th of 22
Parking
L3-50
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 345K · October 2024
Building
Palace Towers Residential Block

About 1706, Palace Towers Residential Block

1706 is a studio of 344 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 25 October 2024 for AED 345,000, or AED 1,003 per sqft, 18% above the AED 849 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 30,360 a year: a gross yield of 8.8% on the 2024 price, before the service charge of about AED 5,500 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, 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 337,861 (AED 983 per sqft)Sold, July 2012: AED 167,000 (AED 485 per sqft)Sold, July 2012: AED 337,861 (AED 983 per sqft)Sold, March 2013: AED 200,000 (AED 581 per sqft)Sold, March 2013: AED 115,000 (AED 334 per sqft)Sold, June 2020: AED 210,000 (AED 1,221 per sqft)Sold, October 2024: AED 345,000 (AED 1,003 per sqft)

1706 has sold 7 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1706, 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, January 2015: AED 45,000 a yearNew contract, March 2016: AED 40,000 a yearNew contract, October 2018: AED 32,000 a yearNew contract, November 2019: AED 20,000 a yearNew contract, January 2021: AED 20,000 a yearNew contract, January 2022: AED 20,000 a yearRenewal, January 2023: AED 24,000 a yearRenewal, July 2023: AED 27,600 a yearRenewal, July 2024: AED 30,360 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 1706 sits

All 280 studios →

1706 last sold in October 2024 at AED 1,003 per sqft, 18% above what studios in Palace Towers Residential Block were fetching at the time (AED 849). 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. 1706's AED 30,360 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
1704StudioAED 455K · Dec 2015
17052-bedAED 830K · Mar 2016
1707StudioAED 270K · Jul 2022
17082-bedAED 660K · Feb 2025
1–7 of 23

1706, Palace Towers Residential Block in numbers

  • Sold 7 times: first on 17 July 2009 for AED 337,861, last on 25 October 2024 for AED 345,000 (AED 1,003 per sqft).
  • Rented since January 2015 on 9 Ejari contracts. The rent fell from AED 45,000 to AED 20,000 in 2022 and recovered to AED 30,360 by July 2024.
  • At AED 30,360 a year the gross yield on the 2024 price is 8.8%, before a service charge of about AED 5,500 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 25 October 2024.

Questions about 1706, Palace Towers Residential Block

What did unit 1706 last sell for?

AED 345,000 on 25 October 2024: AED 1,003 per sqft for 344 sqft. The unit has 7 registered sales; the first was AED 337,861 in July 2009.

What is the rent for unit 1706?

AED 30,360 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 27,600; the unit has been rented since January 2015.

How big is unit 1706?

344 sqft (32.0 sqm): a studio on the 17th floor of a 22-storey tower completed in 2009.

What is unit 1706 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 1706, Palace Towers Residential Block

Starts from the last sale price (AED 345K, 25 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 345,000
Deposit, UAE resident (20%)
AED 69,000
Deposit, non-resident (40%)
AED 138,000
Monthly over 25 years at 3.7%
AED 1,412

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