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Studio · 459 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 18th floor · completed 2009

1803, 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 1803 · DLD and Ejari recordsUpdated 1 February 2025
Last soldAED 364K2 August 2010
Current rentAED 32K /yr1 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1803, Palace Towers Residential Block

What is 1803 worth today?

Last sold for AED 364,283 in 2010

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1 Feb 2025RentedRenewal
AED 31,500/yr12 months · AED 69 per sqft
1 Feb 2024RentedNew contract
AED 30,000/yr12 months · AED 65 per sqft
25 Nov 2022RentedRenewal
AED 25,300/yr12 months · AED 55 per sqft
25 Nov 2021RentedRenewal
AED 22,000/yr12 months · AED 48 per sqft
25 Oct 2020RentedNew contract
AED 22,000/yr13 months · AED 48 per sqft
1 Sep 2019RentedNew contract
AED 30,000/yr12 months · AED 65 per sqft
10 May 2019RentedRenewal
AED 39,220/yr1 months · AED 85 per sqft
10 May 2018RentedRenewal
AED 39,220/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 1 February 2025.

Key facts

Type
Studio apartment
Size
459 sqft
Floor
18th of 22
Parking
B1-62
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,400 /yr
Last sold
AED 364K · August 2010
Building
Palace Towers Residential Block

About 1803, Palace Towers Residential Block

1803 is a studio of 459 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 364,283, or AED 793 per sqft, 5% below the AED 838 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 14 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 31,500 a year: a gross yield of 8.6% on the 2010 price, before the service charge of about AED 7,400 a year.

Sales and rents for 1803 over time

Sales
Unit 1803, each saleTypical studio in Palace Towers Residential Block
200K300K400K2009201420192024Typical 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 364,283 (AED 793 per sqft)Sold, August 2010: AED 364,283 (AED 793 per sqft)

1803 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1803, 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, May 2012: AED 28,000 a yearRenewal, May 2013: AED 28,000 a yearRenewal, May 2014: AED 30,800 a yearRenewal, May 2015: AED 33,880 a yearRenewal, May 2016: AED 35,574 a yearRenewal, May 2017: AED 37,353 a yearRenewal, May 2018: AED 39,220 a yearRenewal, May 2019: AED 39,220 a yearNew contract, September 2019: AED 30,000 a yearNew contract, October 2020: AED 22,000 a yearRenewal, November 2021: AED 22,000 a yearRenewal, November 2022: AED 25,300 a yearNew contract, February 2024: AED 30,000 a yearRenewal, February 2025: AED 31,500 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 1803 sits

All 280 studios →

1803 last sold in August 2010 at AED 793 per sqft, 5% below what studios in Palace Towers Residential Block were fetching at the time (AED 838). 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. 1803's AED 31,500 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
9.3%
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
18011-bedAED 652K · Aug 2010
1802StudioAED 384K · 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

1803, Palace Towers Residential Block in numbers

  • Sold twice: first on 27 July 2009 for AED 364,283, last on 2 August 2010 for AED 364,283 (AED 793 per sqft).
  • Rented since May 2012 on 14 Ejari contracts. The rent fell from AED 28,000 to AED 22,000 in 2021 and recovered to AED 31,500 by February 2025.
  • At AED 31,500 a year the gross yield on the 2010 price is 8.6%, before a service charge of about AED 7,400 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 1 February 2025.

Questions about 1803, Palace Towers Residential Block

What did unit 1803 last sell for?

AED 364,283 on 2 August 2010: AED 793 per sqft for 459 sqft. The unit has 2 registered sales; the first was AED 364,283 in July 2009.

What is the rent for unit 1803?

AED 31,500 a year on the contract renewed on 1 February 2025. The previous contract, from February 2024, was AED 30,000; the unit has been rented since May 2012.

How big is unit 1803?

459 sqft (42.6 sqm): a studio on the 18th floor of a 22-storey tower completed in 2009.

What is unit 1803 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 1803, Palace Towers Residential Block

Starts from the last sale price (AED 364K, 2 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 364,283
Deposit, UAE resident (20%)
AED 72,857
Deposit, non-resident (40%)
AED 145,713
Monthly over 25 years at 3.7%
AED 1,490

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