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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 22nd floor · completed 2009

2202, Palace Towers Residential Block

Sold prices and rental history: sold 5 times, last in April 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2202 · DLD and Ejari recordsUpdated 17 April 2023
Last soldAED 300K17 April 2023
Current rentAED 32K /yr19 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2202, Palace Towers Residential Block

What is 2202 worth today?

Last sold for AED 300,000 in 2023

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17 Apr 2023SoldReady
AED 300,000AED 637 per sqft
19 Sep 2022RentedNew contract
AED 32,000/yr12 months · AED 68 per sqft
5 Aug 2021RentedRenewal
AED 20,000/yr3 months · AED 42 per sqft
5 Aug 2020RentedRenewal
AED 20,000/yr12 months · AED 42 per sqft
5 Aug 2019RentedNew contract
AED 25,000/yr12 months · AED 53 per sqft
20 Jul 2018RentedRenewal
AED 40,000/yr12 months · AED 84 per sqft
20 Jul 2017RentedNew contract
AED 40,000/yr12 months · AED 84 per sqft
4 Jun 2016RentedNew contract
AED 41,768/yr12 months · AED 88 per sqft

Source: Dubai Land Department. Updated 17 April 2023.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
22nd of 22
Parking
L3-71
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 300K · April 2023
Building
Palace Towers Residential Block

About 2202, Palace Towers Residential Block

2202 is a studio of 470 sqft on the 22nd 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 17 April 2023 for AED 300,000, or AED 637 per sqft, in line with the AED 625 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 19 September 2022, is AED 32,000 a year: a gross yield of 10.7% on the 2023 price, before the service charge of about AED 7,600 a year.

Sales and rents for 2202 over time

Sales
Unit 2202, each saleTypical studio in Palace Towers Residential Block
200K400K2009201420192024Typical 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 by developer, July 2009: AED 458,249 (AED 974 per sqft)Sold, December 2010: AED 458,249 (AED 974 per sqft)Sold, March 2013: AED 323,200 (AED 687 per sqft)Sold, March 2014: AED 455,000 (AED 967 per sqft)Sold, April 2023: AED 300,000 (AED 637 per sqft)

2202 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2202, 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, June 2014: AED 30,800 a yearNew contract, June 2016: AED 41,768 a yearNew contract, July 2017: AED 40,000 a yearRenewal, July 2018: AED 40,000 a yearNew contract, August 2019: AED 25,000 a yearRenewal, August 2020: AED 20,000 a yearRenewal, August 2021: AED 20,000 a yearNew contract, September 2022: 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 2202 sits

All 280 studios →

2202 last sold in April 2023 at AED 637 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 625). 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. 2202'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 22nd floor

All 424 units in Palace Towers Residential Block
Value
22011-bedAED 570K · Aug 2015
2203StudioAED 460K · Jul 2014
2204StudioAED 380K · Oct 2024
22052-bedAED 650K · Sep 2018
22062-bedAED 500K · Jul 2012
2207StudioAED 452K · Jan 2013
22081-bedAED 610K · Feb 2026
1–7 of 19

2202, Palace Towers Residential Block in numbers

  • Sold 5 times: first on 28 July 2009 for AED 458,249, last on 17 April 2023 for AED 300,000 (AED 637 per sqft).
  • Rented since June 2014 on 8 Ejari contracts. The rent fell from AED 30,800 to AED 20,000 in 2021 and recovered to AED 32,000 by September 2022.
  • At AED 32,000 a year the gross yield on the 2023 price is 10.7%, before a service charge of about AED 7,600 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 17 April 2023.

Questions about 2202, Palace Towers Residential Block

What did unit 2202 last sell for?

AED 300,000 on 17 April 2023: AED 637 per sqft for 470 sqft. The unit has 5 registered sales; the first was AED 458,249 in July 2009.

What is the rent for unit 2202?

AED 32,000 a year on the contract signed on 19 September 2022. The previous contract, from August 2021, was AED 20,000; the unit has been rented since June 2014.

How big is unit 2202?

470 sqft (43.7 sqm): a studio on the 22nd floor of a 22-storey tower completed in 2009.

What is unit 2202 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 2202, Palace Towers Residential Block

Starts from the last sale price (AED 300K, 17 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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