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2-bed · 947 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 20th floor · completed 2009

2005, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in February 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2005 · DLD and Ejari recordsUpdated 25 February 2026
Last soldAED 850K13 February 2014
Current rentAED 70K /yr25 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2005, Palace Towers Residential Block

What is 2005 worth today?

Last sold for AED 850,000 in 2014

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25 Feb 2026RentedNew contract
AED 70,000/yr12 months · AED 74 per sqft
10 Jan 2025RentedRenewal
AED 46,000/yr12 months · AED 49 per sqft
10 Jan 2024RentedRenewal
AED 40,000/yr12 months · AED 42 per sqft
10 Jan 2023RentedRenewal
AED 40,000/yr12 months · AED 42 per sqft
10 Jan 2022RentedNew contract
AED 40,000/yr12 months · AED 42 per sqft
10 May 2018RentedNew contract
AED 65,000/yr12 months · AED 69 per sqft
13 Feb 2014SoldReady
AED 850,000AED 897 per sqft
29 Jun 2011SoldReady
AED 550,000AED 580 per sqft

Source: Dubai Land Department. Updated 25 February 2026.

Key facts

Type
2-bed apartment
Size
947 sqft
Floor
20th of 22
Parking
L2-41, 42
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,200 /yr
Last sold
AED 850K · February 2014
Building
Palace Towers Residential Block

About 2005, Palace Towers Residential Block

2005 is a two-bedroom apartment of 947 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 13 February 2014 for AED 850,000, or AED 897 per sqft, 23% above the AED 727 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 25 February 2026, is AED 70,000 a year: a gross yield of 8.2% on the 2014 price, before the service charge of about AED 15,200 a year.

Sales and rents for 2005 over time

Sales
Unit 2005, each saleTypical two-bed in Palace Towers Residential Block
500K750K1M2009201420192024Typical 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 931,727 (AED 983 per sqft)Sold, November 2010: AED 931,727 (AED 983 per sqft)Sold, June 2011: AED 550,000 (AED 580 per sqft)Sold, February 2014: AED 850,000 (AED 897 per sqft)

2005 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2005, 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, May 2018: AED 65,000 a yearNew contract, January 2022: AED 40,000 a yearRenewal, January 2023: AED 40,000 a yearRenewal, January 2024: AED 40,000 a yearRenewal, January 2025: AED 46,000 a yearNew contract, February 2026: AED 70,000 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 2005 sits

All 72 2-beds →

2005 last sold in February 2014 at AED 897 per sqft, 23% above what two-beds in Palace Towers Residential Block were fetching at the time (AED 727). 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. 2005's AED 70,000 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 20th floor

All 424 units in Palace Towers Residential Block
Value
20011-bedAED 580K · Jul 2025
2002StudioAED 362K · Apr 2024
2003StudioAED 369K · Jun 2010
2004StudioAED 460K · Mar 2020
2006StudioAED 387K · Jul 2011
2007StudioAED 425K · May 2014
20082-bedAED 400K · Jul 2023
1–7 of 23

2005, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 28 July 2009 for AED 931,727, last on 13 February 2014 for AED 850,000 (AED 897 per sqft).
  • Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 65,000 to AED 40,000 in 2024 and recovered to AED 70,000 by February 2026.
  • At AED 70,000 a year the gross yield on the 2014 price is 8.2%, 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 25 February 2026.

Questions about 2005, Palace Towers Residential Block

What did unit 2005 last sell for?

AED 850,000 on 13 February 2014: AED 897 per sqft for 947 sqft. The unit has 4 registered sales; the first was AED 931,727 in July 2009.

What is the rent for unit 2005?

AED 70,000 a year on the contract signed on 25 February 2026. The previous contract, from January 2025, was AED 46,000; the unit has been rented since May 2018.

How big is unit 2005?

947 sqft (88.0 sqm): a two-bedroom apartment on the 20th floor of a 22-storey tower completed in 2009.

What is unit 2005 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 2005, Palace Towers Residential Block

Starts from the last sale price (AED 850K, 13 February 2014). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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