Home
Dubai prices
About
Research
2-bed · 947 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 20th floor · completed 2009

2017, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in May 2012, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2017 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 957K29 May 2012
Current rentAED 65K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 2017

Property timeline for 2017, Palace Towers Residential Block

What is 2017 worth today?

Last sold for AED 957,171 in 2012

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Sep 2024RentedNew contract
AED 65,000/yr12 months · AED 69 per sqft
17 Jul 2023RentedNew contract
AED 60,000/yr12 months · AED 63 per sqft
2 Jul 2022RentedRenewal
AED 47,000/yr12 months · AED 50 per sqft
2 Jul 2021RentedRenewal
AED 41,000/yr12 months · AED 44 per sqft
1 Jul 2020RentedRenewal
AED 49,866/yr12 months · AED 53 per sqft
1 Jul 2019RentedRenewal
AED 55,000/yr12 months · AED 58 per sqft
1 Jul 2018RentedRenewal
AED 64,000/yr12 months · AED 68 per sqft
1 Jul 2017RentedNew contract
AED 73,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
947 sqft
Floor
20th of 22
Parking
L1-20, 21
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,200 /yr
Last sold
AED 957K · May 2012
Building
Palace Towers Residential Block

About 2017, Palace Towers Residential Block

2017 is a two-bedroom apartment of 947 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 29 May 2012 for AED 957,171, or AED 1,010 per sqft, 88% above the AED 538 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 1 September 2024, is AED 65,000 a year: a gross yield of 6.8% on the 2012 price, before the service charge of about AED 15,200 a year.

Sales and rents for 2017 over time

Sales
Unit 2017, each saleTypical two-bed in Palace Towers Residential Block
500K750K1M2009201420192024Typical sale price by year: 2009 AED 838,950; 2010 AED 815,000; 2011 AED 805,000; 2012 AED 500,000; 2013 AED 720,000; 2014 AED 850,000; 2015 AED 855,000; 2018 AED 650,000; 2019 AED 580,000; 2021 AED 454,000; 2022 AED 485,000; 2023 AED 570,000; 2024 AED 670,000; 2025 AED 820,000; 2026 AED 850,000Sold by developer, July 2009: AED 957,171 (AED 1,010 per sqft)Sold, May 2012: AED 957,171 (AED 1,010 per sqft)Sold, May 2012: AED 485,000 (AED 512 per sqft)

2017 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2017, each contractTypical two-bed in Palace Towers Residential Block
40K60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 58,524; 2014 AED 73,500; 2015 AED 81,000; 2016 AED 79,558; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 50,000; 2021 AED 42,000; 2022 AED 49,450; 2023 AED 55,000; 2024 AED 63,000; 2025 AED 65,464; 2026 AED 70,000New contract, July 2017: AED 73,000 a yearRenewal, July 2018: AED 64,000 a yearRenewal, July 2019: AED 55,000 a yearRenewal, July 2020: AED 49,866 a yearRenewal, July 2021: AED 41,000 a yearRenewal, July 2022: AED 47,000 a yearNew contract, July 2023: AED 60,000 a yearNew contract, September 2024: AED 65,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Palace Towers Residential Block, and where 2017 sits

All 72 2-beds →

2017 last sold in May 2012 at AED 1,010 per sqft, 88% above what two-beds in Palace Towers Residential Block were fetching at the time (AED 538). Over the last 12 months two-beds sold for AED 825,000 to 880,000, around AED 848 per sqft, and rent for AED 35,000 to 85,000 a year. 2017's AED 65,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 2026840,000
21 Aug 2026860,000
5 May 2026880,000
6 Apr 2026840,000
7 2-bed 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

2017, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 28 July 2009 for AED 957,171, last on 29 May 2012 for AED 957,171 (AED 1,010 per sqft).
  • Rented since July 2017 on 8 Ejari contracts. The rent fell from AED 73,000 to AED 41,000 in 2021 and recovered to AED 65,000 by September 2024.
  • At AED 65,000 a year the gross yield on the 2012 price is 6.8%, before a service charge of about AED 15,200 a year (AED 16.09 per sqft).
  • Two-beds in Palace Towers Residential Block sold for AED 825,000–880,000 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 September 2024.

Questions about 2017, Palace Towers Residential Block

What did unit 2017 last sell for?

AED 957,171 on 29 May 2012: AED 1,010 per sqft for 947 sqft. The unit has 3 registered sales; the first was AED 957,171 in July 2009.

What is the rent for unit 2017?

AED 65,000 a year on the contract signed on 1 September 2024. The previous contract, from July 2023, was AED 60,000; the unit has been rented since July 2017.

How big is unit 2017?

947 sqft (88.0 sqm): a two-bedroom apartment on the 20th floor of a 22-storey tower completed in 2009.

What is unit 2017 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Towers Residential Block sold for AED 825,000 to 880,000 in the last 12 months, around AED 848 per sqft.

Selling 2017? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 2017, Palace Towers Residential Block

Starts from the last sale price (AED 957K, 29 May 2012). Switch to today's estimate once you have unlocked it.
Price
AED 957,171
Deposit, UAE resident (20%)
AED 191,434
Deposit, non-resident (40%)
AED 382,868
Monthly over 25 years at 3.7%
AED 3,916

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