2006, Palace Towers Residential Block
Sold prices and rental history: sold twice, last in July 2011, and rented once, from November 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2006, Palace Towers Residential Block
What is 2006 worth today?
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Source: Dubai Land Department. Updated 1 November 2017.
Key facts
- Type
- Studio apartment
- Size
- 344 sqft
- Floor
- 20th of 22
- Parking
- B1-34
- Developer
- Tameer Holding Investment
- Completed
- 2009
- Service charge
- AED 5,500 /yr
- Last sold
- AED 387K · July 2011
- Building
- Palace Towers Residential Block
About 2006, Palace Towers Residential Block
2006 is a studio of 344 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 20 July 2011 for AED 386,822, or AED 1,125 per sqft, 37% above the AED 821 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 November 2017. The current contract, signed on 1 November 2017, is AED 34,000 a year: a gross yield of 8.8% on the 2011 price, before the service charge of about AED 5,500 a year.
Sales and rents for 2006 over time
2006 has sold twice; the dashed line is the studio median of each year in the building.
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 2006 sits
All 280 studios →2006 last sold in July 2011 at AED 1,125 per sqft, 37% above what studios in Palace Towers Residential Block were fetching at the time (AED 821). 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. 2006's AED 34,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Oct 20265 October 2026 | 344 sqft | 395,000 | 1,149 | ||
| 1 Oct 20261 October 2026 | 470 sqft | 435,000 | 924 | ||
| 20 Aug 202620 August 2026 | 344 sqft | 390,000 | 1,134 | ||
| 21 Jul 202621 July 2026 | 459 sqft | 445,000 | 969 |
Palace Towers Residential Block
Building424 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%
Other units on the 20th floor
All 424 units in Palace Towers Residential Block| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 1-bed | 762 sqft | AED 580KAED 580,000 · Jul 2025July 2025 | 65,000 /yr | |
| 2002 | Studio | 470 sqft | AED 362KAED 361,719 · Apr 2024April 2024 | 36,500 /yr | |
| 2003 | Studio | 459 sqft | AED 369KAED 369,062 · Jun 2010June 2010 | 38,000 /yr | |
| 2004 | Studio | 216 sqft | AED 460KAED 460,000 · Mar 2020March 2020 | 43,000 /yr | |
| 2005 | 2-bed | 947 sqft | AED 850KAED 850,000 · Feb 2014February 2014 | 70,000 /yr | |
| 2007 | Studio | 344 sqft | AED 425KAED 425,000 · May 2014May 2014 | 38,000 /yr | |
| 2008 | 2-bed | 479 sqft | AED 400KAED 400,000 · Jul 2023July 2023 | 70,000 /yr | |
| 2009 | Studio | 431 sqft | AED 455KAED 455,000 · Sep 2025September 2025 | 43,000 /yr | |
| 2010 | 1-bed | 786 sqft | AED 435KAED 435,000 · Nov 2022November 2022 | 50,000 /yr | |
| 2011 | Studio | 454 sqft | AED 410KAED 410,000 · Dec 2015December 2015 | 58,800 /yr | |
| 2012 | Studio | 473 sqft | AED 375KAED 375,000 · May 2024May 2024 | 40,000 /yr | |
| 2013 | Studio | 473 sqft | AED 265KAED 265,000 · Mar 2023March 2023 | 37,500 /yr | |
| 2014 | Studio | 454 sqft | AED 300KAED 300,000 · Mar 2023March 2023 | 40,000 /yr | |
| 2015 | 1-bed | 786 sqft | AED 766KAED 765,638 · Jan 2011January 2011 | 34,500 /yr | |
| 2016 | Studio | 431 sqft | AED 437KAED 436,697 · Oct 2017October 2017 | 40,000 /yr | |
| 2017 | 2-bed | 947 sqft | AED 485KAED 485,000 · May 2012May 2012 | 65,000 /yr | |
| 2018 | Studio | 344 sqft | AED 300KAED 300,000 · Sep 2023September 2023 | 33,000 /yr | |
| 2019 | Studio | 344 sqft | AED 415KAED 415,000 · Aug 2016August 2016 | 32,000 /yr | |
| 2020 | 2-bed | 474 sqft | AED 957KAED 957,171 · Jan 2011January 2011 | 43,200 /yr | |
| 2021 | Studio | 431 sqft | AED 218KAED 218,348 · Aug 2010August 2010 | 32,000 /yr | |
| 2022 | Studio | 459 sqft | AED 445KAED 445,000 · Feb 2014February 2014 | 36,000 /yr | |
| 2023 | Studio | 470 sqft | AED 484KAED 484,463 · Jan 2013January 2013 | 25,930 /yr | |
| 2024 | 1-bed | 762 sqft | AED 571KAED 571,238 · Aug 2013August 2013 | 48,000 /yr |
2006, Palace Towers Residential Block in numbers
- Sold twice: first on 27 August 2009 for AED 386,822, last on 20 July 2011 for AED 386,822 (AED 1,125 per sqft).
- Rented since November 2017 on one Ejari contract, at AED 34,000 a year.
- At AED 34,000 a year the gross yield on the 2011 price is 8.8%, before a service charge of about AED 5,500 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 1 November 2017.
Questions about 2006, Palace Towers Residential Block
What did unit 2006 last sell for?
AED 386,822 on 20 July 2011: AED 1,125 per sqft for 344 sqft. The unit has 2 registered sales; the first was AED 386,822 in August 2009.
What is the rent for unit 2006?
AED 34,000 a year on the contract signed on 1 November 2017.
How big is unit 2006?
344 sqft (32.0 sqm): a studio on the 20th floor of a 22-storey tower completed in 2009.
What is unit 2006 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 2006, Palace Towers Residential Block
Starts from the last sale price (AED 387K, 20 July 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 386,822
- Deposit, UAE resident (20%)
- AED 77,364
- Deposit, non-resident (40%)
- AED 154,729
- Monthly over 25 years at 3.7%
- AED 1,583
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →