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

2116, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in December 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2116 · DLD and Ejari recordsUpdated 20 September 2026
Last soldAED 867K18 December 2011
Current rentAED 67K /yr20 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2116, Palace Towers Residential Block

What is 2116 worth today?

Last sold for AED 867,029 in 2011

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20 Sep 2026RentedRenewal
AED 66,500/yr12 months · AED 65 per sqft
20 Sep 2025RentedNew contract
AED 63,000/yr12 months · AED 62 per sqft
1 Jul 2024RentedNew contract
AED 75,000/yr12 months · AED 73 per sqft
10 Jan 2022RentedNew contract
AED 42,000/yr12 months · AED 41 per sqft
1 Dec 2019RentedNew contract
AED 60,000/yr12 months · AED 59 per sqft
10 Aug 2016RentedNew contract
AED 80,000/yr12 months · AED 78 per sqft
18 Dec 2011SoldReady
AED 867,029AED 847 per sqft
28 Jul 2009Sold by developerOff-plan
AED 867,030AED 847 per sqft

Source: Dubai Land Department. Updated 20 September 2026.

Key facts

Type
2-bed apartment
Size
1,023 sqft
Floor
21st of 22
Parking
B1-88
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 16,500 /yr
Last sold
AED 867K · December 2011
Building
Palace Towers Residential Block

About 2116, Palace Towers Residential Block

2116 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 18 December 2011 for AED 867,029, or AED 847 per sqft, 4% above the AED 815 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 20 September 2026, is AED 66,500 a year: a gross yield of 7.7% on the 2011 price, before the service charge of about AED 16,500 a year.

Sales and rents for 2116 over time

Sales
Unit 2116, 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 2011: AED 867,029 (AED 847 per sqft)

2116 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2116, 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, August 2016: AED 80,000 a yearNew contract, December 2019: AED 60,000 a yearNew contract, January 2022: AED 42,000 a yearNew contract, July 2024: AED 75,000 a yearNew contract, September 2025: AED 63,000 a yearRenewal, September 2026: AED 66,500 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 2116 sits

All 72 2-beds →

2116 last sold in December 2011 at AED 847 per sqft, 4% above what two-beds in Palace Towers Residential Block were fetching at the time (AED 815). 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. 2116's AED 66,500 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
21062-bedAED 495K · Mar 2019
2107StudioAED 381K · Jun 2010
1–7 of 19

2116, Palace Towers Residential Block in numbers

  • Sold twice: first on 28 July 2009 for AED 867,030, last on 18 December 2011 for AED 867,029 (AED 847 per sqft).
  • Rented since August 2016 on 6 Ejari contracts. The rent fell from AED 80,000 to AED 42,000 in 2022 and recovered to AED 66,500 by September 2026.
  • At AED 66,500 a year the gross yield on the 2011 price is 7.7%, 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 20 September 2026.

Questions about 2116, Palace Towers Residential Block

What did unit 2116 last sell for?

AED 867,029 on 18 December 2011: AED 847 per sqft for 1,023 sqft. The unit has 2 registered sales; the first was AED 867,030 in July 2009.

What is the rent for unit 2116?

AED 66,500 a year on the contract renewed on 20 September 2026. The previous contract, from September 2025, was AED 63,000; the unit has been rented since August 2016.

How big is unit 2116?

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 2116 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 2116, Palace Towers Residential Block

Starts from the last sale price (AED 867K, 18 December 2011). Switch to today's estimate once you have unlocked it.
Price
AED 867,029
Deposit, UAE resident (20%)
AED 173,406
Deposit, non-resident (40%)
AED 346,812
Monthly over 25 years at 3.7%
AED 3,547

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