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Studio · 344 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 20th floor · completed 2009

2007, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in May 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2007 · DLD and Ejari recordsUpdated 28 December 2025
Last soldAED 425K15 May 2014
Current rentAED 38K /yr28 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2007, Palace Towers Residential Block

What is 2007 worth today?

Last sold for AED 425,000 in 2014

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28 Dec 2025RentedNew contract
AED 38,000/yr12 months · AED 110 per sqft
1 Aug 2024RentedRenewal
AED 30,613/yr12 months · AED 89 per sqft
1 Aug 2023RentedRenewal
AED 27,830/yr12 months · AED 81 per sqft
1 Aug 2022RentedRenewal
AED 25,300/yr12 months · AED 73 per sqft
1 Aug 2021RentedRenewal
AED 22,000/yr12 months · AED 64 per sqft
1 Aug 2020RentedRenewal
AED 22,000/yr12 months · AED 64 per sqft
1 Aug 2019RentedNew contract
AED 28,000/yr12 months · AED 81 per sqft
1 Sep 2016RentedNew contract
AED 43,000/yr12 months · AED 125 per sqft

Source: Dubai Land Department. Updated 28 December 2025.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
20th of 22
Parking
L1-5, 6
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 425K · May 2014
Building
Palace Towers Residential Block

About 2007, Palace Towers Residential Block

2007 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 15 May 2014 for AED 425,000, or AED 1,236 per sqft, 38% above the AED 893 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 28 December 2025, is AED 38,000 a year: a gross yield of 8.9% on the 2014 price, before the service charge of about AED 5,500 a year.

Sales and rents for 2007 over time

Sales
Unit 2007, each saleTypical studio in Palace Towers Residential Block
200K300K400K2009201420192024Typical 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, July 2009: AED 386,822 (AED 1,125 per sqft)Sold, May 2013: AED 269,000 (AED 782 per sqft)Sold, July 2013: AED 330,000 (AED 960 per sqft)Sold, May 2014: AED 425,000 (AED 1,236 per sqft)

2007 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2007, 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, September 2016: AED 43,000 a yearNew contract, August 2019: AED 28,000 a yearRenewal, August 2020: AED 22,000 a yearRenewal, August 2021: AED 22,000 a yearRenewal, August 2022: AED 25,300 a yearRenewal, August 2023: AED 27,830 a yearRenewal, August 2024: AED 30,613 a yearNew contract, December 2025: AED 38,000 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 2007 sits

All 280 studios →

2007 last sold in May 2014 at AED 1,236 per sqft, 38% above what studios in Palace Towers Residential Block were fetching at the time (AED 893). 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. 2007's AED 38,000 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
2002StudioAED 362K · Apr 2024
2003StudioAED 369K · Jun 2010
2004StudioAED 460K · Mar 2020
20052-bedAED 850K · Feb 2014
2006StudioAED 387K · Jul 2011
20082-bedAED 400K · Jul 2023
1–7 of 23

2007, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 28 July 2009 for AED 386,822, last on 15 May 2014 for AED 425,000 (AED 1,236 per sqft).
  • Rented since September 2016 on 8 Ejari contracts. The rent fell from AED 43,000 to AED 22,000 in 2021 and recovered to AED 38,000 by December 2025.
  • At AED 38,000 a year the gross yield on the 2014 price is 8.9%, 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 28 December 2025.

Questions about 2007, Palace Towers Residential Block

What did unit 2007 last sell for?

AED 425,000 on 15 May 2014: AED 1,236 per sqft for 344 sqft. The unit has 4 registered sales; the first was AED 386,822 in July 2009.

What is the rent for unit 2007?

AED 38,000 a year on the contract signed on 28 December 2025. The previous contract, from August 2024, was AED 30,613; the unit has been rented since September 2016.

How big is unit 2007?

344 sqft (32.0 sqm): a studio on the 20th floor of a 22-storey tower completed in 2009.

What is unit 2007 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 2007, Palace Towers Residential Block

Starts from the last sale price (AED 425K, 15 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 425,000
Deposit, UAE resident (20%)
AED 85,000
Deposit, non-resident (40%)
AED 170,000
Monthly over 25 years at 3.7%
AED 1,739

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