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Studio · 216 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 20th floor · completed 2009

2004, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in March 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2004 · DLD and Ejari recordsUpdated 19 March 2026
Last soldAED 460K3 March 2020
Current rentAED 43K /yr19 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2004, Palace Towers Residential Block

What is 2004 worth today?

Last sold for AED 460,000 in 2020

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19 Mar 2026RentedNew contract
AED 43,000/yr12 months · AED 100 per sqft
24 Oct 2024RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
28 Sep 2023RentedNew contract
AED 30,000/yr12 months · AED 70 per sqft
24 Aug 2022RentedNew contract
AED 26,000/yr12 months · AED 60 per sqft
28 Feb 2021RentedNew contract
AED 26,000/yr12 months · AED 60 per sqft
3 Mar 2020SoldReady
AED 460,000AED 2,132 per sqft
28 Feb 2020RentedRenewal
AED 30,000/yr12 months · AED 70 per sqft
28 Feb 2019RentedNew contract
AED 35,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 19 March 2026.

Key facts

Type
Studio apartment
Size
216 sqft
Floor
20th of 22
Parking
L3-34
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 3,500 /yr
Last sold
AED 460K · March 2020
Building
Palace Towers Residential Block

About 2004, Palace Towers Residential Block

2004 is a studio of 216 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 3 March 2020 for AED 460,000, or AED 2,132 per sqft, 241% above the AED 625 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 19 March 2026, is AED 43,000 a year: a gross yield of 9.3% on the 2020 price, before the service charge of about AED 3,500 a year.

Sales and rents for 2004 over time

Sales
Unit 2004, 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, April 2010: AED 403,181 (AED 934 per sqft)Sold, September 2010: AED 403,181 (AED 934 per sqft)Sold, September 2013: AED 385,000 (AED 892 per sqft)Sold, March 2020: AED 460,000 (AED 2,132 per sqft)

2004 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2004, each contractTypical studio in Palace Towers Residential Block
20K40K2012201620202024Typical 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, November 2014: AED 48,000 a yearNew contract, February 2017: AED 41,000 a yearNew contract, February 2019: AED 35,000 a yearRenewal, February 2020: AED 30,000 a yearNew contract, February 2021: AED 26,000 a yearNew contract, August 2022: AED 26,000 a yearNew contract, September 2023: AED 30,000 a yearNew contract, October 2024: AED 40,000 a yearNew contract, March 2026: AED 43,000 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 2004 sits

All 280 studios →

2004 last sold in March 2020 at AED 2,132 per sqft, 241% above what studios in Palace Towers Residential Block were fetching at the time (AED 625). 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. 2004's AED 43,000 is in the upper 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
2002StudioAED 362K · Apr 2024
2003StudioAED 369K · Jun 2010
20052-bedAED 850K · Feb 2014
2006StudioAED 387K · Jul 2011
2007StudioAED 425K · May 2014
20082-bedAED 400K · Jul 2023
1–7 of 23

2004, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 21 April 2010 for AED 403,181, last on 3 March 2020 for AED 460,000 (AED 2,132 per sqft).
  • Rented since November 2014 on 9 Ejari contracts. The rent fell from AED 48,000 to AED 26,000 in 2022 and recovered to AED 43,000 by March 2026.
  • At AED 43,000 a year the gross yield on the 2020 price is 9.3%, before a service charge of about AED 3,500 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 19 March 2026.

Questions about 2004, Palace Towers Residential Block

What did unit 2004 last sell for?

AED 460,000 on 3 March 2020: AED 2,132 per sqft for 216 sqft. The unit has 4 registered sales; the first was AED 403,181 in April 2010.

What is the rent for unit 2004?

AED 43,000 a year on the contract signed on 19 March 2026. The previous contract, from October 2024, was AED 40,000; the unit has been rented since November 2014.

How big is unit 2004?

216 sqft (20.1 sqm): a studio on the 20th floor of a 22-storey tower completed in 2009.

What is unit 2004 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 2004, Palace Towers Residential Block

Starts from the last sale price (AED 460K, 3 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 460,000
Deposit, UAE resident (20%)
AED 92,000
Deposit, non-resident (40%)
AED 184,000
Monthly over 25 years at 3.7%
AED 1,882

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