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Studio · 431 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 20th floor · completed 2009

2009, Palace Towers Residential Block

Sold prices and rental history: sold 8 times, last in September 2025, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2009 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 455K16 September 2025
Current rentAED 43K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2009, Palace Towers Residential Block

What is 2009 worth today?

Last sold for AED 455,000 in 2025

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1 Aug 2026RentedNew contract
AED 43,000/yr12 months · AED 100 per sqft
16 Sep 2025SoldReady
AED 455,000AED 1,054 per sqft
1 Aug 2025RentedNew contract
AED 43,000/yr12 months · AED 100 per sqft
12 Jun 2025SoldReady
AED 420,000AED 973 per sqft
2 Sep 2023RentedNew contract
AED 31,000/yr12 months · AED 72 per sqft
2 Sep 2023RentedRenewal
AED 29,500/yr12 months · AED 68 per sqft
2 Sep 2022RentedNew contract
AED 27,000/yr12 months · AED 63 per sqft
10 Jul 2021RentedNew contract
AED 21,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
20th of 22
Parking
L3-74
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 455K · September 2025
Building
Palace Towers Residential Block

About 2009, Palace Towers Residential Block

2009 is a studio of 431 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 16 September 2025 for AED 455,000, or AED 1,054 per sqft, 15% above the AED 914 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, signed on 1 August 2026, is AED 43,000 a year: a gross yield of 9.4% on the 2025 price, before the service charge of about AED 6,900 a year.

Sales and rents for 2009 over time

Sales
Unit 2009, 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, July 2009: AED 436,697 (AED 1,012 per sqft)Sold, November 2012: AED 436,697 (AED 1,012 per sqft)Sold, December 2012: AED 270,000 (AED 625 per sqft)Sold, September 2013: AED 385,000 (AED 892 per sqft)Sold, September 2013: AED 350,000 (AED 811 per sqft)Sold, January 2019: AED 300,000 (AED 695 per sqft)Sold, June 2025: AED 420,000 (AED 973 per sqft)Sold, September 2025: AED 455,000 (AED 1,054 per sqft)

2009 has sold 8 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2009, 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, April 2013: AED 33,000 a yearNew contract, April 2014: AED 33,000 a yearRenewal, April 2015: AED 34,650 a yearNew contract, September 2017: AED 44,000 a yearNew contract, June 2019: AED 35,000 a yearNew contract, November 2019: AED 35,000 a yearNew contract, July 2021: AED 21,000 a yearNew contract, September 2022: AED 27,000 a yearNew contract, September 2023: AED 31,000 a yearRenewal, September 2023: AED 29,500 a yearNew contract, August 2025: AED 43,000 a yearNew contract, August 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 2009 sits

All 280 studios →

2009 last sold in September 2025 at AED 1,054 per sqft, 15% above what studios in Palace Towers Residential Block were fetching at the time (AED 914). 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. 2009'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
2004StudioAED 460K · Mar 2020
20052-bedAED 850K · Feb 2014
2006StudioAED 387K · Jul 2011
2007StudioAED 425K · May 2014
1–7 of 23

2009, Palace Towers Residential Block in numbers

  • Sold 8 times: first on 28 July 2009 for AED 436,697, last on 16 September 2025 for AED 455,000 (AED 1,054 per sqft).
  • Rented since April 2013 on 12 Ejari contracts. The rent fell from AED 33,000 to AED 21,000 in 2021 and recovered to AED 43,000 by August 2026.
  • At AED 43,000 a year the gross yield on the 2025 price is 9.4%, before a service charge of about AED 6,900 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 August 2026.

Questions about 2009, Palace Towers Residential Block

What did unit 2009 last sell for?

AED 455,000 on 16 September 2025: AED 1,054 per sqft for 431 sqft. The unit has 8 registered sales; the first was AED 436,697 in July 2009.

What is the rent for unit 2009?

AED 43,000 a year on the contract signed on 1 August 2026. The previous contract, from August 2025, was AED 43,000; the unit has been rented since April 2013.

How big is unit 2009?

431 sqft (40.0 sqm): a studio on the 20th floor of a 22-storey tower completed in 2009.

What is unit 2009 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 2009, Palace Towers Residential Block

Starts from the last sale price (AED 455K, 16 September 2025). Switch to today's estimate once you have unlocked it.
Price
AED 455,000
Deposit, UAE resident (20%)
AED 91,000
Deposit, non-resident (40%)
AED 182,000
Monthly over 25 years at 3.7%
AED 1,862

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