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Studio · 454 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 20th floor · completed 2009

2014, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in March 2023, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2014 · DLD and Ejari recordsUpdated 27 March 2023
Last soldAED 300K27 March 2023
Current rentAED 40K /yr8 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2014, Palace Towers Residential Block

What is 2014 worth today?

Last sold for AED 300,000 in 2023

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27 Mar 2023SoldReady
AED 300,000AED 660 per sqft
16 Oct 2017SoldReady
AED 440,000AED 968 per sqft
8 Oct 2017RentedNew contract
AED 40,000/yr6 months · AED 88 per sqft
28 Jun 2014RentedNew contract
AED 50,000/yr12 months · AED 111 per sqft
30 Apr 2014SoldReady
AED 490,000AED 1,078 per sqft
9 Jan 2012Sold by developerReady
AED 305,000AED 671 per sqft

Source: Dubai Land Department. Updated 27 March 2023.

Key facts

Type
Studio apartment
Size
454 sqft
Floor
20th of 22
Parking
L1-17
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,300 /yr
Last sold
AED 300K · March 2023
Building
Palace Towers Residential Block

About 2014, Palace Towers Residential Block

2014 is a studio of 454 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 27 March 2023 for AED 300,000, or AED 660 per sqft, 6% above the AED 625 studios in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 8 October 2017, is AED 40,000 a year: a gross yield of 13.3% on the 2023 price, before the service charge of about AED 7,300 a year.

Sales and rents for 2014 over time

Sales
Unit 2014, 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, January 2012: AED 305,000 (AED 671 per sqft)Sold, April 2014: AED 490,000 (AED 1,078 per sqft)Sold, October 2017: AED 440,000 (AED 968 per sqft)Sold, March 2023: AED 300,000 (AED 660 per sqft)

2014 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2014, 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, June 2014: AED 50,000 a yearNew contract, October 2017: 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 2014 sits

All 280 studios →

2014 last sold in March 2023 at AED 660 per sqft, 6% above what studios in Palace Towers Residential Block were fetching at the time (AED 625). 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. 2014'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

2014, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 9 January 2012 for AED 305,000, last on 27 March 2023 for AED 300,000 (AED 660 per sqft).
  • Rented since June 2014 on 2 Ejari contracts, from AED 50,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2023 price is 13.3%, before a service charge of about AED 7,300 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 27 March 2023.

Questions about 2014, Palace Towers Residential Block

What did unit 2014 last sell for?

AED 300,000 on 27 March 2023: AED 660 per sqft for 454 sqft. The unit has 4 registered sales; the first was AED 305,000 in January 2012.

What is the rent for unit 2014?

AED 40,000 a year on the contract signed on 8 October 2017. The previous contract, from June 2014, was AED 50,000.

How big is unit 2014?

454 sqft (42.2 sqm): a studio on the 20th floor of a 22-storey tower completed in 2009.

What is unit 2014 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 2014, Palace Towers Residential Block

Starts from the last sale price (AED 300K, 27 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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