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

2016, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in October 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2016 · DLD and Ejari recordsUpdated 10 September 2026
Last soldAED 390K24 October 2017
Current rentAED 40K /yr10 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2016, Palace Towers Residential Block

What is 2016 worth today?

Last sold for AED 390,000 in 2017

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10 Sep 2026RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
10 Jun 2025RentedRenewal
AED 31,000/yr12 months · AED 72 per sqft
1 Jan 2025RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
10 Jun 2024RentedRenewal
AED 30,250/yr6 months · AED 70 per sqft
10 Jun 2023RentedRenewal
AED 27,500/yr12 months · AED 64 per sqft
10 Jun 2022RentedRenewal
AED 25,000/yr12 months · AED 58 per sqft
10 Jun 2021RentedRenewal
AED 22,000/yr12 months · AED 51 per sqft
10 Jun 2020RentedNew contract
AED 24,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 10 September 2026.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
20th of 22
Parking
B1-93
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 390K · October 2017
Building
Palace Towers Residential Block

About 2016, Palace Towers Residential Block

2016 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 24 October 2017 for AED 390,000, or AED 904 per sqft, 4% below the AED 946 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 10 September 2026, is AED 40,000 a year: a gross yield of 10.3% on the 2017 price, before the service charge of about AED 6,900 a year.

Sales and rents for 2016 over time

Sales
Unit 2016, 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 436,697 (AED 1,012 per sqft)Sold, January 2011: AED 436,697 (AED 1,012 per sqft)Sold, October 2017: AED 390,000 (AED 904 per sqft)Sold, October 2017: AED 436,697 (AED 1,012 per sqft)

2016 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2016, 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, April 2013: AED 32,000 a yearNew contract, December 2017: AED 38,000 a yearNew contract, September 2018: AED 34,000 a yearNew contract, June 2020: AED 24,000 a yearRenewal, June 2021: AED 22,000 a yearRenewal, June 2022: AED 25,000 a yearRenewal, June 2023: AED 27,500 a yearRenewal, June 2024: AED 30,250 a yearNew contract, January 2025: AED 40,000 a yearRenewal, June 2025: AED 31,000 a yearNew contract, September 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 2016 sits

All 280 studios →

2016 last sold in October 2017 at AED 904 per sqft, 4% below what studios in Palace Towers Residential Block were fetching at the time (AED 946). 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. 2016'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

2016, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 28 July 2009 for AED 436,697, last on 24 October 2017 for AED 390,000 (AED 904 per sqft).
  • Rented since April 2013 on 11 Ejari contracts. The rent fell from AED 32,000 to AED 22,000 in 2021 and recovered to AED 40,000 by September 2026.
  • At AED 40,000 a year the gross yield on the 2017 price is 10.3%, 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 10 September 2026.

Questions about 2016, Palace Towers Residential Block

What did unit 2016 last sell for?

AED 390,000 on 24 October 2017: AED 904 per sqft for 431 sqft. The unit has 4 registered sales; the first was AED 436,697 in July 2009.

What is the rent for unit 2016?

AED 40,000 a year on the contract signed on 10 September 2026. The previous contract, from June 2025, was AED 31,000; the unit has been rented since April 2013.

How big is unit 2016?

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

What is unit 2016 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 2016, Palace Towers Residential Block

Starts from the last sale price (AED 390K, 24 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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