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2-bed · 947 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 19th floor · completed 2009

1920, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in May 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1920 · DLD and Ejari recordsUpdated 4 January 2025
Last soldAED 550K7 May 2012
Current rentAED 50K /yr4 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1920, Palace Towers Residential Block

What is 1920 worth today?

Last sold for AED 550,000 in 2012

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4 Jan 2025RentedRenewal
AED 50,000/yr24 months · AED 53 per sqft
4 Jan 2024RentedRenewal
AED 50,000/yr12 months · AED 53 per sqft
4 Jan 2023RentedRenewal
AED 50,000/yr12 months · AED 53 per sqft
4 Jan 2022RentedNew contract
AED 50,000/yr12 months · AED 53 per sqft
25 Jun 2020RentedRenewal
AED 49,862/yr12 months · AED 53 per sqft
25 Jun 2019RentedNew contract
AED 58,000/yr12 months · AED 61 per sqft
10 Nov 2015RentedNew contract
AED 83,000/yr12 months · AED 88 per sqft
27 Jan 2014RentedNew contract
AED 76,000/yr12 months · AED 80 per sqft

Source: Dubai Land Department. Updated 4 January 2025.

Key facts

Type
2-bed apartment
Size
947 sqft
Floor
19th of 22
Parking
L3-40, 41
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,200 /yr
Last sold
AED 550K · May 2012
Building
Palace Towers Residential Block

About 1920, Palace Towers Residential Block

1920 is a two-bedroom apartment of 947 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. It last sold on 7 May 2012 for AED 550,000, or AED 580 per sqft, in line with the AED 568 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 4 January 2025, is AED 50,000 a year: a gross yield of 9.1% on the 2012 price, before the service charge of about AED 15,200 a year.

Sales and rents for 1920 over time

Sales
Unit 1920, 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, January 2011: AED 625,000 (AED 659 per sqft)Sold, May 2012: AED 550,000 (AED 580 per sqft)

1920 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1920, 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, January 2014: AED 76,000 a yearNew contract, November 2015: AED 83,000 a yearNew contract, June 2019: AED 58,000 a yearRenewal, June 2020: AED 49,862 a yearNew contract, January 2022: AED 50,000 a yearRenewal, January 2023: AED 50,000 a yearRenewal, January 2024: AED 50,000 a yearRenewal, January 2025: AED 50,000 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 1920 sits

All 72 2-beds →

1920 last sold in May 2012 at AED 580 per sqft, in line with what two-beds in Palace Towers Residential Block were fetching at the time (AED 568). 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. 1920's AED 50,000 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 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

1920, Palace Towers Residential Block in numbers

  • Sold twice: first on 23 January 2011 for AED 625,000, last on 7 May 2012 for AED 550,000 (AED 580 per sqft).
  • Rented since January 2014 on 8 Ejari contracts, from AED 76,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2012 price is 9.1%, before a service charge of about AED 15,200 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 4 January 2025.

Questions about 1920, Palace Towers Residential Block

What did unit 1920 last sell for?

AED 550,000 on 7 May 2012: AED 580 per sqft for 947 sqft. The unit has 2 registered sales; the first was AED 625,000 in January 2011.

What is the rent for unit 1920?

AED 50,000 a year on the contract renewed on 4 January 2025. The previous contract, from January 2024, was AED 50,000; the unit has been rented since January 2014.

How big is unit 1920?

947 sqft (88.0 sqm): a two-bedroom apartment on the 19th floor of a 22-storey tower completed in 2009.

What is unit 1920 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 1920, Palace Towers Residential Block

Starts from the last sale price (AED 550K, 7 May 2012). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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