Home
Dubai prices
About
Research
2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 18th floor · completed 2009

1817, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in January 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1817 · DLD and Ejari recordsUpdated 28 August 2021
Last soldAED 450K31 January 2012
Current rentAED 38K /yr28 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1817

Property timeline for 1817, Palace Towers Residential Block

What is 1817 worth today?

Last sold for AED 450,000 in 2012

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

28 Aug 2021RentedNew contract
AED 37,500/yr12 months · AED 38 per sqft
22 Mar 2020RentedNew contract
AED 50,000/yr12 months · AED 51 per sqft
10 Aug 2018RentedNew contract
AED 62,000/yr12 months · AED 63 per sqft
28 Apr 2017RentedRenewal
AED 73,000/yr12 months · AED 74 per sqft
28 Apr 2016RentedNew contract
AED 79,000/yr12 months · AED 80 per sqft
1 Sep 2014RentedNew contract
AED 90,000/yr12 months · AED 91 per sqft
5 May 2013RentedNew contract
AED 52,500/yr12 months · AED 53 per sqft
31 Jan 2012SoldReady
AED 450,000AED 454 per sqft

Source: Dubai Land Department. Updated 28 August 2021.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
18th of 22
Parking
L2-74
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 450K · January 2012
Building
Palace Towers Residential Block

About 1817, Palace Towers Residential Block

1817 is a two-bedroom apartment of 990 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 31 January 2012 for AED 450,000, or AED 454 per sqft, 22% below the AED 580 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 28 August 2021, is AED 37,500 a year: a gross yield of 8.3% on the 2012 price, before the service charge of about AED 15,900 a year.

Sales and rents for 1817 over time

Sales
Unit 1817, each saleTypical two-bed in Palace Towers Residential Block
400K600K800K2009201420192024Typical sale price by year: 2009 AED 838,950; 2010 AED 815,000; 2011 AED 805,000; 2012 AED 500,000; 2013 AED 720,000; 2014 AED 850,000; 2015 AED 855,000; 2018 AED 650,000; 2019 AED 580,000; 2021 AED 454,000; 2022 AED 485,000; 2023 AED 570,000; 2024 AED 670,000; 2025 AED 820,000; 2026 AED 850,000Sold by developer, July 2009: AED 856,322 (AED 865 per sqft)Sold, November 2010: AED 856,232 (AED 864 per sqft)Sold, January 2012: AED 450,000 (AED 454 per sqft)

1817 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1817, each contractTypical two-bed in Palace Towers Residential Block
50K75K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 58,524; 2014 AED 73,500; 2015 AED 81,000; 2016 AED 79,558; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 50,000; 2021 AED 42,000; 2022 AED 49,450; 2023 AED 55,000; 2024 AED 63,000; 2025 AED 65,464; 2026 AED 70,000New contract, May 2013: AED 52,500 a yearNew contract, September 2014: AED 90,000 a yearNew contract, April 2016: AED 79,000 a yearRenewal, April 2017: AED 73,000 a yearNew contract, August 2018: AED 62,000 a yearNew contract, March 2020: AED 50,000 a yearNew contract, August 2021: AED 37,500 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Palace Towers Residential Block, and where 1817 sits

All 72 2-beds →

1817 last sold in January 2012 at AED 454 per sqft, 22% below what two-beds in Palace Towers Residential Block were fetching at the time (AED 580). Over the last 12 months two-beds sold for AED 825,000 to 880,000, around AED 848 per sqft, and rent for AED 35,000 to 85,000 a year. 1817's AED 37,500 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 2026840,000
21 Aug 2026860,000
5 May 2026880,000
6 Apr 2026840,000
7 2-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
9.2%
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

1817, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 27 July 2009 for AED 856,322, last on 31 January 2012 for AED 450,000 (AED 454 per sqft).
  • Rented since May 2013 on 7 Ejari contracts, from AED 52,500 to AED 37,500 a year.
  • At AED 37,500 a year the gross yield on the 2012 price is 8.3%, before a service charge of about AED 15,900 a year (AED 16.09 per sqft).
  • Two-beds in Palace Towers Residential Block sold for AED 825,000–880,000 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 28 August 2021.

Questions about 1817, Palace Towers Residential Block

What did unit 1817 last sell for?

AED 450,000 on 31 January 2012: AED 454 per sqft for 990 sqft. The unit has 3 registered sales; the first was AED 856,322 in July 2009.

What is the rent for unit 1817?

AED 37,500 a year on the contract signed on 28 August 2021. The previous contract, from March 2020, was AED 50,000; the unit has been rented since May 2013.

How big is unit 1817?

990 sqft (92.0 sqm): a two-bedroom apartment on the 18th floor of a 22-storey tower completed in 2009.

What is unit 1817 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Towers Residential Block sold for AED 825,000 to 880,000 in the last 12 months, around AED 848 per sqft.

Selling 1817? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1817, Palace Towers Residential Block

Starts from the last sale price (AED 450K, 31 January 2012). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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