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Studio · 344 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 20th floor · completed 2009

2019, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in August 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2019 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 415K18 August 2016
Current rentAED 32K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2019, Palace Towers Residential Block

What is 2019 worth today?

Last sold for AED 415,000 in 2016

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1 May 2026RentedRenewal
AED 32,000/yr12 months · AED 93 per sqft
1 May 2025RentedNew contract
AED 39,000/yr12 months · AED 113 per sqft
1 Apr 2024RentedNew contract
AED 28,000/yr12 months · AED 81 per sqft
15 Nov 2016RentedNew contract
AED 40,000/yr12 months · AED 116 per sqft
18 Aug 2016SoldReady
AED 415,000AED 1,207 per sqft
24 Dec 2014RentedNew contract
AED 42,000/yr12 months · AED 122 per sqft
18 Nov 2013RentedNew contract
AED 39,000/yr12 months · AED 113 per sqft
1 Nov 2012RentedNew contract
AED 27,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
20th of 22
Parking
L2-24
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 415K · August 2016
Building
Palace Towers Residential Block

About 2019, Palace Towers Residential Block

2019 is a studio of 344 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 18 August 2016 for AED 415,000, or AED 1,207 per sqft, 32% above the AED 915 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 32,000 a year: a gross yield of 7.7% on the 2016 price, before the service charge of about AED 5,500 a year.

Sales and rents for 2019 over time

Sales
Unit 2019, 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, December 2011: AED 386,822 (AED 1,125 per sqft)Sold, August 2016: AED 415,000 (AED 1,207 per sqft)

2019 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 2019, 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, November 2012: AED 27,000 a yearNew contract, November 2013: AED 39,000 a yearNew contract, December 2014: AED 42,000 a yearNew contract, November 2016: AED 40,000 a yearNew contract, April 2024: AED 28,000 a yearNew contract, May 2025: AED 39,000 a yearRenewal, May 2026: AED 32,000 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 2019 sits

All 280 studios →

2019 last sold in August 2016 at AED 1,207 per sqft, 32% above what studios in Palace Towers Residential Block were fetching at the time (AED 915). 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. 2019's AED 32,000 is in the lower 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

2019, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 28 July 2009 for AED 957,171, last on 18 August 2016 for AED 415,000 (AED 1,207 per sqft).
  • Rented since November 2012 on 7 Ejari contracts, from AED 27,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2016 price is 7.7%, before a service charge of about AED 5,500 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 May 2026.

Questions about 2019, Palace Towers Residential Block

What did unit 2019 last sell for?

AED 415,000 on 18 August 2016: AED 1,207 per sqft for 344 sqft. The unit has 3 registered sales; the first was AED 957,171 in July 2009.

What is the rent for unit 2019?

AED 32,000 a year on the contract renewed on 1 May 2026. The previous contract, from May 2025, was AED 39,000; the unit has been rented since November 2012.

How big is unit 2019?

344 sqft (32.0 sqm): a studio on the 20th floor of a 22-storey tower completed in 2009.

What is unit 2019 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 2019, Palace Towers Residential Block

Starts from the last sale price (AED 415K, 18 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 415,000
Deposit, UAE resident (20%)
AED 83,000
Deposit, non-resident (40%)
AED 166,000
Monthly over 25 years at 3.7%
AED 1,698

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