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Studio · 473 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 20th floor · completed 2009

2012, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in May 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2012 · DLD and Ejari recordsUpdated 15 May 2026
Last soldAED 375K17 May 2024
Current rentAED 40K /yr15 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2012, Palace Towers Residential Block

What is 2012 worth today?

Last sold for AED 375,000 in 2024

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15 May 2026RentedNew contract
AED 40,000/yr12 months · AED 84 per sqft
13 Sep 2025RentedNew contract
AED 45,000/yr12 months · AED 95 per sqft
7 Jun 2024RentedNew contract
AED 42,000/yr12 months · AED 89 per sqft
17 May 2024SoldReady
AED 375,000AED 793 per sqft
1 May 2023RentedRenewal
AED 29,150/yr12 months · AED 62 per sqft
1 May 2022RentedRenewal
AED 26,500/yr12 months · AED 56 per sqft
1 May 2021RentedNew contract
AED 23,000/yr12 months · AED 49 per sqft
11 Jun 2019SoldReady
AED 264,000AED 558 per sqft

Source: Dubai Land Department. Updated 15 May 2026.

Key facts

Type
Studio apartment
Size
473 sqft
Floor
20th of 22
Parking
L2-35
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 375K · May 2024
Building
Palace Towers Residential Block

About 2012, Palace Towers Residential Block

2012 is a studio of 473 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 17 May 2024 for AED 375,000, or AED 793 per sqft, in line with the AED 784 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 15 May 2026, is AED 40,000 a year: a gross yield of 10.7% on the 2024 price, before the service charge of about AED 7,600 a year.

Sales and rents for 2012 over time

Sales
Unit 2012, 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, August 2009: AED 489,890 (AED 1,036 per sqft)Sold, August 2010: AED 244,945 (AED 518 per sqft)Sold, June 2019: AED 264,000 (AED 558 per sqft)Sold, May 2024: AED 375,000 (AED 793 per sqft)

2012 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2012, 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, May 2021: AED 23,000 a yearRenewal, May 2022: AED 26,500 a yearRenewal, May 2023: AED 29,150 a yearNew contract, June 2024: AED 42,000 a yearNew contract, September 2025: AED 45,000 a yearNew contract, May 2026: AED 40,000 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 2012 sits

All 280 studios →

2012 last sold in May 2024 at AED 793 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 784). 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. 2012's AED 40,000 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

2012, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 26 August 2009 for AED 489,890, last on 17 May 2024 for AED 375,000 (AED 793 per sqft).
  • Rented since May 2021 on 6 Ejari contracts, from AED 23,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2024 price is 10.7%, before a service charge of about AED 7,600 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 15 May 2026.

Questions about 2012, Palace Towers Residential Block

What did unit 2012 last sell for?

AED 375,000 on 17 May 2024: AED 793 per sqft for 473 sqft. The unit has 4 registered sales; the first was AED 489,890 in August 2009.

What is the rent for unit 2012?

AED 40,000 a year on the contract signed on 15 May 2026. The previous contract, from September 2025, was AED 45,000; the unit has been rented since May 2021.

How big is unit 2012?

473 sqft (43.9 sqm): a studio on the 20th floor of a 22-storey tower completed in 2009.

What is unit 2012 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 2012, Palace Towers Residential Block

Starts from the last sale price (AED 375K, 17 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 375,000
Deposit, UAE resident (20%)
AED 75,000
Deposit, non-resident (40%)
AED 150,000
Monthly over 25 years at 3.7%
AED 1,534

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