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2-bed · 958 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 19th floor · completed 2009

1908, Palace Towers Residential Block

Sold prices and rental history: sold once, by the developer in December 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1908 · DLD and Ejari recordsUpdated 25 October 2024
Last soldAED 799K22 December 2010
Current rentAED 80K /yr25 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1908, Palace Towers Residential Block

What is 1908 worth today?

Last sold for AED 799,458 in 2010

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25 Oct 2024RentedNew contract
AED 80,000/yr12 months · AED 84 per sqft
1 Sep 2023RentedRenewal
AED 53,859/yr8 months · AED 56 per sqft
1 Sep 2022RentedRenewal
AED 47,000/yr12 months · AED 49 per sqft
1 Sep 2021RentedNew contract
AED 41,000/yr12 months · AED 43 per sqft
1 Aug 2020RentedNew contract
AED 46,154/yr13 months · AED 48 per sqft
1 Jul 2019RentedNew contract
AED 46,154/yr13 months · AED 48 per sqft
10 Sep 2018RentedNew contract
AED 70,000/yr6 months · AED 73 per sqft
10 Sep 2017RentedNew contract
AED 70,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 25 October 2024.

Key facts

Type
2-bed apartment
Size
958 sqft
Floor
19th of 22
Parking
L2-17
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,400 /yr
Last sold
AED 799K · December 2010
Building
Palace Towers Residential Block

About 1908, Palace Towers Residential Block

1908 is a two-bedroom apartment of 958 sqft on the 19th floor of Palace Towers Residential Block, a 22-storey tower in Dubai Silicon Oasis completed in 2009 by Tameer Holding Investment. The developer sold it on 22 December 2010 for AED 799,458, or AED 834 per sqft, in line with the AED 823 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 25 October 2024, is AED 80,000 a year: a gross yield of 10.0% on the 2010 price, before the service charge of about AED 15,400 a year.

Sales and rents for 1908 over time

Sales
Unit 1908, 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, December 2010: AED 799,458 (AED 834 per sqft)

1908 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1908, each contractTypical two-bed in Palace Towers Residential Block
40K60K80K2012201620202024Typical 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, April 2013: AED 45,000 a yearNew contract, April 2014: AED 51,750 a yearNew contract, May 2015: AED 82,000 a yearNew contract, September 2017: AED 70,000 a yearNew contract, September 2018: AED 70,000 a yearNew contract, July 2019: AED 46,154 a yearNew contract, August 2020: AED 46,154 a yearNew contract, September 2021: AED 41,000 a yearRenewal, September 2022: AED 47,000 a yearRenewal, September 2023: AED 53,859 a yearNew contract, October 2024: AED 80,000 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 1908 sits

All 72 2-beds →

1908 last sold in December 2010 at AED 834 per sqft, in line with what two-beds in Palace Towers Residential Block were fetching at the time (AED 823). 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. 1908's AED 80,000 is in the upper 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 19th floor

All 424 units in Palace Towers Residential Block
Value
19011-bedAED 560K · Dec 2016
1902StudioAED 380K · Jan 2017
1903StudioAED 440K · Apr 2025
1904StudioAED 245K · Mar 2022
19052-bedAED 799K · Dec 2010
1906StudioAED 450K · Oct 2025
1907StudioAED 385K · Mar 2014
1–7 of 23

1908, Palace Towers Residential Block in numbers

  • Sold once: by Tameer Holding Investment on 22 December 2010 for AED 799,458, or AED 834 per sqft.
  • Rented since April 2013 on 11 Ejari contracts, from AED 45,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2010 price is 10.0%, before a service charge of about AED 15,400 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 25 October 2024.

Questions about 1908, Palace Towers Residential Block

What did unit 1908 last sell for?

AED 799,458 on 22 December 2010, sold by the developer: AED 834 per sqft for 958 sqft. It is the only registered sale of the unit.

What is the rent for unit 1908?

AED 80,000 a year on the contract signed on 25 October 2024. The previous contract, from September 2023, was AED 53,859; the unit has been rented since April 2013.

How big is unit 1908?

958 sqft (89.0 sqm): a two-bedroom apartment on the 19th floor of a 22-storey tower completed in 2009.

What is unit 1908 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.

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Mortgage on 1908, Palace Towers Residential Block

Starts from the last sale price (AED 799K, 22 December 2010). Switch to today's estimate once you have unlocked it.
Price
AED 799,458
Deposit, UAE resident (20%)
AED 159,892
Deposit, non-resident (40%)
AED 319,783
Monthly over 25 years at 3.7%
AED 3,271

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