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Studio · 431 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 18th floor · completed 2009

1809, 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 1809 · DLD and Ejari recordsUpdated 7 August 2023
Last soldAED 372K2 August 2010
Current rentAED 34K /yr7 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1809, Palace Towers Residential Block

What is 1809 worth today?

Last sold for AED 372,458 in 2010

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7 Aug 2023RentedNew contract
AED 34,000/yr12 months · AED 79 per sqft
1 Sep 2022RentedRenewal
AED 27,600/yr8 months · AED 64 per sqft
1 Sep 2021RentedRenewal
AED 24,000/yr12 months · AED 56 per sqft
1 Sep 2020RentedRenewal
AED 28,000/yr12 months · AED 65 per sqft
1 Sep 2019RentedRenewal
AED 30,000/yr12 months · AED 70 per sqft
1 Sep 2018RentedNew contract
AED 33,000/yr12 months · AED 77 per sqft
24 Jul 2016RentedRenewal
AED 37,485/yr12 months · AED 87 per sqft
24 Jul 2015RentedRenewal
AED 35,700/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 7 August 2023.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
18th of 22
Parking
B1-70
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 372K · August 2010
Building
Palace Towers Residential Block

About 1809, Palace Towers Residential Block

1809 is a studio of 431 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 372,458, or AED 863 per sqft, in line with the AED 838 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 7 August 2023, is AED 34,000 a year: a gross yield of 9.1% on the 2010 price, before the service charge of about AED 6,900 a year.

Sales and rents for 1809 over time

Sales
Unit 1809, 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 372,458 (AED 863 per sqft)Sold, August 2010: AED 372,458 (AED 863 per sqft)

1809 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1809, 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, June 2012: AED 27,000 a yearNew contract, July 2013: AED 34,000 a yearRenewal, July 2014: AED 34,000 a yearRenewal, July 2015: AED 35,700 a yearRenewal, July 2016: AED 37,485 a yearNew contract, September 2018: AED 33,000 a yearRenewal, September 2019: AED 30,000 a yearRenewal, September 2020: AED 28,000 a yearRenewal, September 2021: AED 24,000 a yearRenewal, September 2022: AED 27,600 a yearNew contract, August 2023: AED 34,000 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 1809 sits

All 280 studios →

1809 last sold in August 2010 at AED 863 per sqft, in line with 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. 1809's AED 34,000 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 18th floor

All 424 units in Palace Towers Residential Block
Value
18011-bedAED 652K · Aug 2010
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
1–7 of 23

1809, Palace Towers Residential Block in numbers

  • Sold twice: first on 27 July 2009 for AED 372,458, last on 2 August 2010 for AED 372,458 (AED 863 per sqft).
  • Rented since June 2012 on 11 Ejari contracts. The rent fell from AED 27,000 to AED 24,000 in 2021 and recovered to AED 34,000 by August 2023.
  • At AED 34,000 a year the gross yield on the 2010 price is 9.1%, 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 7 August 2023.

Questions about 1809, Palace Towers Residential Block

What did unit 1809 last sell for?

AED 372,458 on 2 August 2010: AED 863 per sqft for 431 sqft. The unit has 2 registered sales; the first was AED 372,458 in July 2009.

What is the rent for unit 1809?

AED 34,000 a year on the contract signed on 7 August 2023. The previous contract, from September 2022, was AED 27,600; the unit has been rented since June 2012.

How big is unit 1809?

431 sqft (40.0 sqm): a studio on the 18th floor of a 22-storey tower completed in 2009.

What is unit 1809 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 1809, Palace Towers Residential Block

Starts from the last sale price (AED 372K, 2 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 372,458
Deposit, UAE resident (20%)
AED 74,492
Deposit, non-resident (40%)
AED 148,983
Monthly over 25 years at 3.7%
AED 1,524

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