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Studio · 422 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 22nd floor · completed 2009

2204, Palace Towers Residential Block

Sold prices and rental history: sold 5 times, last in October 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2204 · DLD and Ejari recordsUpdated 15 September 2025
Last soldAED 380K17 October 2024
Current rentAED 37K /yr15 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2204, Palace Towers Residential Block

What is 2204 worth today?

Last sold for AED 380,000 in 2024

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15 Sep 2025RentedNew contract
AED 37,000/yr12 months · AED 88 per sqft
17 Oct 2024SoldReady
AED 380,000AED 1,799 per sqft
5 Jan 2024RentedNew contract
AED 30,000/yr12 months · AED 71 per sqft
24 Dec 2022RentedRenewal
AED 25,000/yr12 months · AED 60 per sqft
24 Dec 2021RentedRenewal
AED 22,000/yr12 months · AED 52 per sqft
24 Dec 2020RentedNew contract
AED 20,000/yr12 months · AED 48 per sqft
18 Apr 2013SoldReady
AED 320,000AED 757 per sqft
17 Jan 2011SoldReady
AED 225,000AED 532 per sqft

Source: Dubai Land Department. Updated 15 September 2025.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
22nd of 22
Parking
B1-1
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,800 /yr
Last sold
AED 380K · October 2024
Building
Palace Towers Residential Block

About 2204, Palace Towers Residential Block

2204 is a studio of 422 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 October 2024 for AED 380,000, or AED 1,799 per sqft, 118% above the AED 827 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 15 September 2025, is AED 37,000 a year: a gross yield of 9.7% on the 2024 price, before the service charge of about AED 6,800 a year.

Sales and rents for 2204 over time

Sales
Unit 2204, 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 by developer, July 2009: AED 417,542 (AED 988 per sqft)Sold, June 2010: AED 417,542 (AED 988 per sqft)Sold, January 2011: AED 225,000 (AED 532 per sqft)Sold, April 2013: AED 320,000 (AED 757 per sqft)Sold, October 2024: AED 380,000 (AED 1,799 per sqft)

2204 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2204, 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, December 2020: AED 20,000 a yearRenewal, December 2021: AED 22,000 a yearRenewal, December 2022: AED 25,000 a yearNew contract, January 2024: AED 30,000 a yearNew contract, September 2025: AED 37,000 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 2204 sits

All 280 studios →

2204 last sold in October 2024 at AED 1,799 per sqft, 118% above what studios in Palace Towers Residential Block were fetching at the time (AED 827). 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. 2204's AED 37,000 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
2202StudioAED 300K · Apr 2023
2203StudioAED 460K · Jul 2014
22052-bedAED 650K · Sep 2018
22062-bedAED 500K · Jul 2012
2207StudioAED 452K · Jan 2013
22081-bedAED 610K · Feb 2026
1–7 of 19

2204, Palace Towers Residential Block in numbers

  • Sold 5 times: first on 28 July 2009 for AED 417,542, last on 17 October 2024 for AED 380,000 (AED 1,799 per sqft).
  • Rented since December 2020 on 5 Ejari contracts, from AED 20,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2024 price is 9.7%, before a service charge of about AED 6,800 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 15 September 2025.

Questions about 2204, Palace Towers Residential Block

What did unit 2204 last sell for?

AED 380,000 on 17 October 2024: AED 1,799 per sqft for 422 sqft. The unit has 5 registered sales; the first was AED 417,542 in July 2009.

What is the rent for unit 2204?

AED 37,000 a year on the contract signed on 15 September 2025. The previous contract, from January 2024, was AED 30,000; the unit has been rented since December 2020.

How big is unit 2204?

422 sqft (39.2 sqm): a studio on the 22nd floor of a 22-storey tower completed in 2009.

What is unit 2204 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 2204, Palace Towers Residential Block

Starts from the last sale price (AED 380K, 17 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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