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2-bed · 474 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 20th floor · completed 2009

2020, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in January 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2020 · DLD and Ejari recordsUpdated 10 November 2025
Last soldAED 957K30 January 2011
Current rentAED 57K /yr10 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2020, Palace Towers Residential Block

What is 2020 worth today?

Last sold for AED 957,171 in 2011

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10 Nov 2025RentedRenewal
AED 56,925/yr12 months · AED 60 per sqft
10 Nov 2025RentedRenewal
AED 43,200/yr12 months · AED 46 per sqft
10 Nov 2024RentedNew contract
AED 65,100/yr12 months · AED 69 per sqft
10 Nov 2023RentedNew contract
AED 62,000/yr12 months · AED 65 per sqft
25 Sep 2022RentedRenewal
AED 50,400/yr12 months · AED 53 per sqft
25 Sep 2021RentedNew contract
AED 42,000/yr12 months · AED 44 per sqft
1 May 2020RentedRenewal
AED 54,000/yr12 months · AED 57 per sqft
1 May 2019RentedRenewal
AED 59,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 10 November 2025.

Key facts

Type
2-bed apartment
Size
474 sqft
Floor
20th of 22
Parking
L3-4, 5
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 957K · January 2011
Building
Palace Towers Residential Block

About 2020, Palace Towers Residential Block

2020 is a two-bedroom apartment of 474 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 30 January 2011 for AED 957,171, or AED 1,010 per sqft, 23% above the AED 823 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 10 November 2025, is AED 56,925 a year: a gross yield of 5.9% on the 2011 price, before the service charge of about AED 7,600 a year.

Sales and rents for 2020 over time

Sales
Unit 2020, 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, April 2010: AED 957,171 (AED 1,010 per sqft)Sold, January 2011: AED 957,171 (AED 1,010 per sqft)

2020 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2020, 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 2014: AED 77,000 a yearNew contract, February 2017: AED 65,000 a yearNew contract, May 2018: AED 63,000 a yearRenewal, May 2019: AED 59,000 a yearRenewal, May 2020: AED 54,000 a yearNew contract, September 2021: AED 42,000 a yearRenewal, September 2022: AED 50,400 a yearNew contract, November 2023: AED 62,000 a yearNew contract, November 2024: AED 65,100 a yearRenewal, November 2025: AED 56,925 a yearRenewal, November 2025: AED 43,200 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 2020 sits

All 72 2-beds →

2020 last sold in January 2011 at AED 1,010 per sqft, 23% above what two-beds in Palace Towers Residential Block were fetching at the time (AED 823). 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. 2020's AED 56,925 is in the lower 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

2020, Palace Towers Residential Block in numbers

  • Sold twice: first on 21 April 2010 for AED 957,171, last on 30 January 2011 for AED 957,171 (AED 1,010 per sqft).
  • Rented since July 2014 on 11 Ejari contracts. The rent fell from AED 77,000 to AED 42,000 in 2021 and recovered to AED 56,925 by November 2025.
  • At AED 56,925 a year the gross yield on the 2011 price is 5.9%, before a service charge of about AED 7,600 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 10 November 2025.

Questions about 2020, Palace Towers Residential Block

What did unit 2020 last sell for?

AED 957,171 on 30 January 2011: AED 1,010 per sqft for 474 sqft. The unit has 2 registered sales; the first was AED 957,171 in April 2010.

What is the rent for unit 2020?

AED 56,925 a year on the contract renewed on 10 November 2025. The previous contract, from November 2025, was AED 43,200; the unit has been rented since July 2014.

How big is unit 2020?

474 sqft (44.0 sqm): a two-bedroom apartment on the 20th floor of a 22-storey tower completed in 2009.

What is unit 2020 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.

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Mortgage on 2020, Palace Towers Residential Block

Starts from the last sale price (AED 957K, 30 January 2011). 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 →