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

2207, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in January 2013, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2207 · DLD and Ejari recordsUpdated 25 October 2024
Last soldAED 452K21 January 2013
Current rentAED 30K /yr25 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2207, Palace Towers Residential Block

What is 2207 worth today?

Last sold for AED 451,943 in 2013

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25 Oct 2024RentedRenewal
AED 30,000/yr12 months · AED 71 per sqft
25 Oct 2023RentedRenewal
AED 23,000/yr12 months · AED 55 per sqft
25 Oct 2022RentedNew contract
AED 23,000/yr12 months · AED 55 per sqft
20 Jan 2019RentedNew contract
AED 36,000/yr12 months · AED 86 per sqft
21 Jan 2013SoldReady
AED 451,943AED 1,071 per sqft
28 Jul 2009Sold by developerOff-plan
AED 451,943AED 1,071 per sqft

Source: Dubai Land Department. Updated 25 October 2024.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
22nd of 22
Parking
L1-43
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,800 /yr
Last sold
AED 452K · January 2013
Building
Palace Towers Residential Block

About 2207, Palace Towers Residential Block

2207 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 21 January 2013 for AED 451,943, or AED 1,071 per sqft, 79% above the AED 598 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 25 October 2024, is AED 30,000 a year: a gross yield of 6.6% on the 2013 price, before the service charge of about AED 6,800 a year.

Sales and rents for 2207 over time

Sales
Unit 2207, 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 451,943 (AED 1,071 per sqft)Sold, January 2013: AED 451,943 (AED 1,071 per sqft)

2207 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 2207, 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, January 2019: AED 36,000 a yearNew contract, October 2022: AED 23,000 a yearRenewal, October 2023: AED 23,000 a yearRenewal, October 2024: AED 30,000 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 2207 sits

All 280 studios →

2207 last sold in January 2013 at AED 1,071 per sqft, 79% above what studios in Palace Towers Residential Block were fetching at the time (AED 598). 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. 2207's AED 30,000 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
2204StudioAED 380K · Oct 2024
22052-bedAED 650K · Sep 2018
22062-bedAED 500K · Jul 2012
22081-bedAED 610K · Feb 2026
1–7 of 19

2207, Palace Towers Residential Block in numbers

  • Sold twice: first on 28 July 2009 for AED 451,943, last on 21 January 2013 for AED 451,943 (AED 1,071 per sqft).
  • Rented since January 2019 on 4 Ejari contracts. The rent fell from AED 36,000 to AED 23,000 in 2023 and recovered to AED 30,000 by October 2024.
  • At AED 30,000 a year the gross yield on the 2013 price is 6.6%, 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 25 October 2024.

Questions about 2207, Palace Towers Residential Block

What did unit 2207 last sell for?

AED 451,943 on 21 January 2013: AED 1,071 per sqft for 422 sqft. The unit has 2 registered sales; the first was AED 451,943 in July 2009.

What is the rent for unit 2207?

AED 30,000 a year on the contract renewed on 25 October 2024. The previous contract, from October 2023, was AED 23,000; the unit has been rented since January 2019.

How big is unit 2207?

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

What is unit 2207 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 2207, Palace Towers Residential Block

Starts from the last sale price (AED 452K, 21 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 451,943
Deposit, UAE resident (20%)
AED 90,389
Deposit, non-resident (40%)
AED 180,777
Monthly over 25 years at 3.7%
AED 1,849

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