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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 20th floor · completed 2009

2002, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2002 · DLD and Ejari recordsUpdated 20 September 2025
Last soldAED 362K18 April 2024
Current rentAED 37K /yr20 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2002, Palace Towers Residential Block

What is 2002 worth today?

Last sold for AED 361,719 in 2024

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20 Sep 2025RentedNew contract
AED 36,500/yr12 months · AED 78 per sqft
20 Sep 2024RentedNew contract
AED 36,500/yr12 months · AED 77 per sqft
18 Apr 2024SoldReady
AED 361,719AED 768 per sqft
3 Sep 2023RentedRenewal
AED 26,220/yr12 months · AED 55 per sqft
3 Sep 2022RentedRenewal
AED 22,800/yr12 months · AED 48 per sqft
3 Sep 2021RentedNew contract
AED 19,000/yr12 months · AED 40 per sqft
10 Aug 2020RentedNew contract
AED 21,000/yr12 months · AED 44 per sqft
20 Jul 2019RentedRenewal
AED 30,000/yr12 months · AED 63 per sqft

Source: Dubai Land Department. Updated 20 September 2025.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
20th of 22
Parking
L2-13
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 362K · April 2024
Building
Palace Towers Residential Block

About 2002, Palace Towers Residential Block

2002 is a studio of 470 sqft on the 20th 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 18 April 2024 for AED 361,719, or AED 768 per sqft, in line with the AED 768 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 20 September 2025, is AED 36,500 a year: a gross yield of 10.1% on the 2024 price, before the service charge of about AED 7,600 a year.

Sales and rents for 2002 over time

Sales
Unit 2002, each saleTypical studio in Palace Towers Residential Block
200K400K2009201420192024Typical 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, January 2013: AED 449,747 (AED 956 per sqft)Sold, January 2013: AED 270,000 (AED 574 per sqft)Sold, April 2024: AED 361,719 (AED 768 per sqft)

2002 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2002, 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, February 2015: AED 35,700 a yearNew contract, July 2018: AED 34,000 a yearRenewal, July 2019: AED 30,000 a yearNew contract, August 2020: AED 21,000 a yearNew contract, September 2021: AED 19,000 a yearRenewal, September 2022: AED 22,800 a yearRenewal, September 2023: AED 26,220 a yearNew contract, September 2024: AED 36,500 a yearNew contract, September 2025: AED 36,500 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 2002 sits

All 280 studios →

2002 last sold in April 2024 at AED 768 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 768). 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. 2002's AED 36,500 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
9.2%
Palace Towers Residential Block, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 20th floor

All 424 units in Palace Towers Residential Block
Value
20011-bedAED 580K · Jul 2025
2003StudioAED 369K · Jun 2010
2004StudioAED 460K · Mar 2020
20052-bedAED 850K · Feb 2014
2006StudioAED 387K · Jul 2011
2007StudioAED 425K · May 2014
20082-bedAED 400K · Jul 2023
1–7 of 23

2002, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 3 January 2013 for AED 270,000, last on 18 April 2024 for AED 361,719 (AED 768 per sqft).
  • Rented since February 2015 on 9 Ejari contracts. The rent fell from AED 35,700 to AED 19,000 in 2021 and recovered to AED 36,500 by September 2025.
  • At AED 36,500 a year the gross yield on the 2024 price is 10.1%, before a service charge of about AED 7,600 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 20 September 2025.

Questions about 2002, Palace Towers Residential Block

What did unit 2002 last sell for?

AED 361,719 on 18 April 2024: AED 768 per sqft for 470 sqft. The unit has 3 registered sales; the first was AED 270,000 in January 2013.

What is the rent for unit 2002?

AED 36,500 a year on the contract signed on 20 September 2025. The previous contract, from September 2024, was AED 36,500; the unit has been rented since February 2015.

How big is unit 2002?

470 sqft (43.7 sqm): a studio on the 20th floor of a 22-storey tower completed in 2009.

What is unit 2002 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 2002, Palace Towers Residential Block

Starts from the last sale price (AED 362K, 18 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 361,719
Deposit, UAE resident (20%)
AED 72,344
Deposit, non-resident (40%)
AED 144,688
Monthly over 25 years at 3.7%
AED 1,480

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