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2-bed · 1,023 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 21st floor · completed 2009

2106, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in March 2019, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2106 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 495K20 March 2019
Current rentAED 63K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2106, Palace Towers Residential Block

What is 2106 worth today?

Last sold for AED 495,000 in 2019

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1 Oct 2024RentedRenewal
AED 63,000/yr12 months · AED 62 per sqft
1 Sep 2023RentedRenewal
AED 60,000/yr13 months · AED 59 per sqft
1 Sep 2022RentedRenewal
AED 49,450/yr12 months · AED 48 per sqft
1 Sep 2021RentedNew contract
AED 43,000/yr12 months · AED 42 per sqft
20 Mar 2019SoldReady
AED 495,000AED 483 per sqft
5 Oct 2017RentedRenewal
AED 65,000/yr12 months · AED 64 per sqft
5 Oct 2016RentedNew contract
AED 75,000/yr12 months · AED 73 per sqft
27 Jun 2013SoldReady
AED 765,000AED 747 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
2-bed apartment
Size
1,023 sqft
Floor
21st of 22
Parking
B2-286
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 16,500 /yr
Last sold
AED 495K · March 2019
Building
Palace Towers Residential Block

About 2106, Palace Towers Residential Block

2106 is a two-bedroom apartment of 1,023 sqft on the 21st 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 20 March 2019 for AED 495,000, or AED 483 per sqft, 19% below the AED 595 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 63,000 a year: a gross yield of 12.7% on the 2019 price, before the service charge of about AED 16,500 a year.

Sales and rents for 2106 over time

Sales
Unit 2106, each saleTypical two-bed in Palace Towers Residential Block
400K600K800K2009201420192024Typical 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 867,030 (AED 847 per sqft)Sold, December 2010: AED 867,030 (AED 847 per sqft)Sold, June 2013: AED 765,000 (AED 747 per sqft)Sold, March 2019: AED 495,000 (AED 483 per sqft)

2106 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2106, 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, October 2016: AED 75,000 a yearRenewal, October 2017: AED 65,000 a yearNew contract, September 2021: AED 43,000 a yearRenewal, September 2022: AED 49,450 a yearRenewal, September 2023: AED 60,000 a yearRenewal, October 2024: AED 63,000 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 2106 sits

All 72 2-beds →

2106 last sold in March 2019 at AED 483 per sqft, 19% below what two-beds in Palace Towers Residential Block were fetching at the time (AED 595). 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. 2106's AED 63,000 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
9.3%
Palace Towers Residential Block, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 21st floor

All 424 units in Palace Towers Residential Block
Value
21011-bedAED 610K · Sep 2012
2102StudioAED 310K · Dec 2012
2103StudioAED 300K · Dec 2012
2104StudioAED 310K · Dec 2024
21052-bedAED 400K · Jul 2011
2107StudioAED 381K · Jun 2010
21081-bedAED 484K · Aug 2010
1–7 of 19

2106, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 28 July 2009 for AED 867,030, last on 20 March 2019 for AED 495,000 (AED 483 per sqft).
  • Rented since October 2016 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 43,000 in 2021 and recovered to AED 63,000 by October 2024.
  • At AED 63,000 a year the gross yield on the 2019 price is 12.7%, before a service charge of about AED 16,500 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 October 2024.

Questions about 2106, Palace Towers Residential Block

What did unit 2106 last sell for?

AED 495,000 on 20 March 2019: AED 483 per sqft for 1,023 sqft. The unit has 4 registered sales; the first was AED 867,030 in July 2009.

What is the rent for unit 2106?

AED 63,000 a year on the contract renewed on 1 October 2024. The previous contract, from September 2023, was AED 60,000; the unit has been rented since October 2016.

How big is unit 2106?

1,023 sqft (95.0 sqm): a two-bedroom apartment on the 21st floor of a 22-storey tower completed in 2009.

What is unit 2106 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 2106, Palace Towers Residential Block

Starts from the last sale price (AED 495K, 20 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 495,000
Deposit, UAE resident (20%)
AED 99,000
Deposit, non-resident (40%)
AED 198,000
Monthly over 25 years at 3.7%
AED 2,025

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