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

1718, Palace Towers Residential Block

Sold prices and rental history: sold 6 times, last in January 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1718 · DLD and Ejari recordsUpdated 17 January 2023
Last soldAED 215K17 January 2023
Current rentAED 18K /yr10 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1718, Palace Towers Residential Block

What is 1718 worth today?

Last sold for AED 215,000 in 2023

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17 Jan 2023SoldReady
AED 215,000AED 625 per sqft
10 Dec 2020RentedNew contract
AED 18,000/yr12 months · AED 52 per sqft
2 Jul 2019RentedNew contract
AED 26,000/yr12 months · AED 75 per sqft
30 Jul 2012SoldReady
AED 230,000AED 669 per sqft
21 Mar 2012SoldReady
AED 230,000AED 669 per sqft
27 Feb 2012SoldReady
AED 167,000AED 485 per sqft
28 Jun 2010SoldReady
AED 337,861AED 983 per sqft
17 Jul 2009Sold by developerOff-plan
AED 337,861AED 983 per sqft

Source: Dubai Land Department. Updated 17 January 2023.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
17th of 22
Parking
L3-17
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 215K · January 2023
Building
Palace Towers Residential Block

About 1718, Palace Towers Residential Block

1718 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 17 January 2023 for AED 215,000, or AED 625 per sqft, in line with the AED 625 studios in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 10 December 2020, is AED 18,000 a year: a gross yield of 8.4% on the 2023 price, before the service charge of about AED 5,500 a year.

Sales and rents for 1718 over time

Sales
Unit 1718, 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, June 2010: AED 337,861 (AED 983 per sqft)Sold, February 2012: AED 167,000 (AED 485 per sqft)Sold, March 2012: AED 230,000 (AED 669 per sqft)Sold, July 2012: AED 230,000 (AED 669 per sqft)Sold, January 2023: AED 215,000 (AED 625 per sqft)

1718 has sold 6 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1718, 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 2019: AED 26,000 a yearNew contract, December 2020: AED 18,000 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 1718 sits

All 280 studios →

1718 last sold in January 2023 at AED 625 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. 1718's AED 18,000 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
1704StudioAED 455K · Dec 2015
17052-bedAED 830K · Mar 2016
1706StudioAED 345K · Oct 2024
1707StudioAED 270K · Jul 2022
1–7 of 23

1718, Palace Towers Residential Block in numbers

  • Sold 6 times: first on 17 July 2009 for AED 337,861, last on 17 January 2023 for AED 215,000 (AED 625 per sqft).
  • Rented since July 2019 on 2 Ejari contracts, from AED 26,000 to AED 18,000 a year.
  • At AED 18,000 a year the gross yield on the 2023 price is 8.4%, 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 17 January 2023.

Questions about 1718, Palace Towers Residential Block

What did unit 1718 last sell for?

AED 215,000 on 17 January 2023: AED 625 per sqft for 344 sqft. The unit has 6 registered sales; the first was AED 337,861 in July 2009.

What is the rent for unit 1718?

AED 18,000 a year on the contract signed on 10 December 2020. The previous contract, from July 2019, was AED 26,000.

How big is unit 1718?

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

What is unit 1718 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 1718, Palace Towers Residential Block

Starts from the last sale price (AED 215K, 17 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 215,000
Deposit, UAE resident (20%)
AED 43,000
Deposit, non-resident (40%)
AED 86,000
Monthly over 25 years at 3.7%
AED 880

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