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1-bed · 826 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 18th floor · completed 2009

1801, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in August 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1801 · DLD and Ejari recordsUpdated 10 December 2023
Last soldAED 652K2 August 2010
Current rentAED 38K /yr10 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1801, Palace Towers Residential Block

What is 1801 worth today?

Last sold for AED 651,599 in 2010

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10 Dec 2023RentedRenewal
AED 37,950/yr12 months · AED 46 per sqft
10 Dec 2022RentedNew contract
AED 33,000/yr12 months · AED 40 per sqft
10 Jun 2021RentedNew contract
AED 27,000/yr13 months · AED 33 per sqft
19 Sep 2019RentedRenewal
AED 45,000/yr12 months · AED 54 per sqft
19 Sep 2018RentedNew contract
AED 42,000/yr12 months · AED 51 per sqft
11 May 2016RentedRenewal
AED 50,820/yr12 months · AED 62 per sqft
11 May 2015RentedNew contract
AED 48,400/yr12 months · AED 59 per sqft
11 May 2014RentedRenewal
AED 44,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 10 December 2023.

Key facts

Type
1-bed apartment
Size
826 sqft
Floor
18th of 22
Parking
B1-60
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 13,300 /yr
Last sold
AED 652K · August 2010
Building
Palace Towers Residential Block

About 1801, Palace Towers Residential Block

1801 is a one-bedroom apartment of 826 sqft on the 18th 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 2 August 2010 for AED 651,599, or AED 788 per sqft, 7% below the AED 851 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 10 December 2023, is AED 37,950 a year: a gross yield of 5.8% on the 2010 price, before the service charge of about AED 13,300 a year.

Sales and rents for 1801 over time

Sales
Unit 1801, 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 651,599 (AED 788 per sqft)Sold, August 2010: AED 651,599 (AED 788 per sqft)

1801 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1801, 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, May 2012: AED 40,000 a yearRenewal, May 2013: AED 40,000 a yearRenewal, May 2014: AED 44,000 a yearNew contract, May 2015: AED 48,400 a yearRenewal, May 2016: AED 50,820 a yearNew contract, September 2018: AED 42,000 a yearRenewal, September 2019: AED 45,000 a yearNew contract, June 2021: AED 27,000 a yearNew contract, December 2022: AED 33,000 a yearRenewal, December 2023: AED 37,950 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 1801 sits

All 72 1-beds →

1801 last sold in August 2010 at AED 788 per sqft, 7% below what one-beds in Palace Towers Residential Block were fetching at the time (AED 851). 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. 1801's AED 37,950 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
9.3%
Palace Towers Residential Block, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 18th floor

All 424 units in Palace Towers Residential Block
Value
1802StudioAED 384K · Aug 2010
1803StudioAED 364K · Aug 2010
1804StudioAED 344K · Aug 2010
18052-bedAED 794K · Aug 2010
1806StudioAED 347K · Aug 2010
1807StudioAED 347K · Aug 2010
18082-bedAED 815K · Aug 2010
1–7 of 23

1801, Palace Towers Residential Block in numbers

  • Sold twice: first on 27 July 2009 for AED 651,599, last on 2 August 2010 for AED 651,599 (AED 788 per sqft).
  • Rented since May 2012 on 10 Ejari contracts. The rent fell from AED 40,000 to AED 27,000 in 2021 and recovered to AED 37,950 by December 2023.
  • At AED 37,950 a year the gross yield on the 2010 price is 5.8%, 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 10 December 2023.

Questions about 1801, Palace Towers Residential Block

What did unit 1801 last sell for?

AED 651,599 on 2 August 2010: AED 788 per sqft for 826 sqft. The unit has 2 registered sales; the first was AED 651,599 in July 2009.

What is the rent for unit 1801?

AED 37,950 a year on the contract renewed on 10 December 2023. The previous contract, from December 2022, was AED 33,000; the unit has been rented since May 2012.

How big is unit 1801?

826 sqft (76.7 sqm): a one-bedroom apartment on the 18th floor of a 22-storey tower completed in 2009.

What is unit 1801 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 1801, Palace Towers Residential Block

Starts from the last sale price (AED 652K, 2 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 651,599
Deposit, UAE resident (20%)
AED 130,320
Deposit, non-resident (40%)
AED 260,640
Monthly over 25 years at 3.7%
AED 2,666

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