1-bed · 826 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 5th floor · completed 2009

501, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in July 2021, and rented once, from June 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 501 · DLD and Ejari recordsUpdated 4 July 2021

Last soldAED 385K4 July 2021

Current rentAED 41K /yr1 June 2012

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 501, Palace Towers Residential Block

Today

What is 501 worth today?

Last sold for AED 385,000 in 2021

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4 Jul 2021

4 Jul 2021SoldReady

AED 385,000AED 466 per sqft

1 Jun 2012

1 Jun 2012RentedNew contract

AED 41,000/yr12 months · AED 49 per sqft

9 Feb 2011

9 Feb 2011SoldReady

AED 628,000AED 760 per sqft

22 Jul 2009

22 Jul 2009Sold by developerOff-plan

AED 628,000AED 760 per sqft

Source: Dubai Land Department. Updated 4 July 2021.

Key facts

Type: 1-bed apartment
Size: 826 sqft
Floor: 5th of 22
Parking: L3-68
Developer: Tameer Holding Investment
Completed: 2009
Service charge: AED 13,300 /yr
Last sold: AED 385K · July 2021
Building: Palace Towers Residential Block

About 501, Palace Towers Residential Block

501 is a one-bedroom apartment of 826 sqft on the 5th 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 4 July 2021 for AED 385,000, or AED 466 per sqft, 6% above the AED 441 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 June 2012. The current contract, signed on 1 June 2012, is AED 41,000 a year: a gross yield of 10.7% on the 2021 price, before the service charge of about AED 13,300 a year.

Sales and rents for 501 over time

Sales

Unit 501, each saleTypical one-bed in Palace Towers Residential Block

501 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents

Unit 501, each contractTypical one-bed in Palace Towers Residential Block

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Palace Towers Residential Block, and where 501 sits

All 72 1-beds →

1-beds in Palace Towers Residential Block · last 12 months720 /sqft Palace Towers Residential Block · all types906 /sqft

501 last sold in July 2021 at AED 466 per sqft, 6% above what one-beds in Palace Towers Residential Block were fetching at the time (AED 441). Over the last 12 months one-beds sold for AED 555,000 to 610,000, around AED 720 per sqft, and rent for AED 34,500 to 90,000 a year. 501's AED 41,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
26 Jun 202626 June 2026	826 sqft	555,000	671
7 Apr 20267 April 2026	826 sqft	595,000	720
19 Feb 202619 February 2026	775 sqft	610,000	787
29 Oct 202529 October 2025	826 sqft	575,000	696

3 1-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 5th floor

All 424 units in Palace Towers Residential Block


502	Studio	470 sqft	AED 359KAED 359,000 · Aug 2010August 2010	16,000 /yr
503	Studio	459 sqft	AED 339KAED 339,000 · Jun 2010June 2010	32,000 /yr
504	Studio	431 sqft	AED 319KAED 319,000 · May 2010May 2010	35,000 /yr
505	2-bed	247 sqft	AED 175KAED 175,000 · Sep 2025September 2025	70,000 /yr
506	Studio	344 sqft	AED 298KAED 298,000 · Aug 2010August 2010	30,000 /yr
507	Studio	344 sqft	AED 325KAED 325,000 · Oct 2023October 2023	33,600 /yr
508	2-bed	990 sqft	AED 840KAED 840,000 · Apr 2026April 2026	80,000 /yr
509	Studio	431 sqft	AED 332KAED 331,500 · Oct 2023October 2023	20,000 /yr
510	1-bed	794 sqft	AED 470KAED 470,000 · Aug 2024August 2024	37,000 /yr
511	Studio	482 sqft	AED 350KAED 350,000 · Nov 2023November 2023	39,375 /yr
512	Studio	510 sqft	AED 400KAED 400,000 · May 2024May 2024	41,000 /yr
513	Studio	510 sqft	AED 340KAED 340,000 · Oct 2023October 2023	46,000 /yr
514	Studio	482 sqft	AED 400KAED 400,000 · Nov 2023November 2023	44,000 /yr
515	1-bed	794 sqft	AED 650KAED 650,000 · Dec 2013December 2013	58,000 /yr
516	Studio	431 sqft	AED 332KAED 331,500 · Oct 2023October 2023	42,000 /yr
517	2-bed	990 sqft	AED 645KAED 645,000 · May 2019May 2019	63,000 /yr
518	Studio	344 sqft	AED 320KAED 320,000 · Oct 2023October 2023	36,000 /yr
519	Studio	344 sqft	AED 262KAED 262,000 · Jan 2012January 2012	39,000 /yr
520	2-bed	990 sqft	AED 439KAED 439,347 · Aug 2010August 2010	75,000 /yr
521	Studio	431 sqft	AED 270KAED 269,685 · May 2019May 2019	27,000 /yr
522	Studio	459 sqft	AED 288KAED 288,000 · Mar 2023March 2023	35,000 /yr
523	Studio	470 sqft	AED 440KAED 440,000 · Feb 2017February 2017	32,670 /yr
524	1-bed	826 sqft	AED 675KAED 675,000 · Dec 2013December 2013

1–7 of 23

501, Palace Towers Residential Block in numbers

Sold 3 times: first on 22 July 2009 for AED 628,000, last on 4 July 2021 for AED 385,000 (AED 466 per sqft).
Rented since June 2012 on one Ejari contract, at AED 41,000 a year.
At AED 41,000 a year the gross yield on the 2021 price is 10.7%, before a service charge of about AED 13,300 a year (AED 16.09 per sqft).
One-beds in Palace Towers Residential Block sold for AED 555,000–610,000 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 4 July 2021.

Questions about 501, Palace Towers Residential Block

What did unit 501 last sell for?

AED 385,000 on 4 July 2021: AED 466 per sqft for 826 sqft. The unit has 3 registered sales; the first was AED 628,000 in July 2009.

What is the rent for unit 501?

AED 41,000 a year on the contract signed on 1 June 2012.

How big is unit 501?

826 sqft (76.7 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2009.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Palace Towers Residential Block sold for AED 555,000 to 610,000 in the last 12 months, around AED 720 per sqft.

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Mortgage on 501, Palace Towers Residential Block

Starts from the last sale price (AED 385K, 4 July 2021). Switch to today's estimate once you have unlocked it.

Price: AED 385,000
Deposit, UAE resident (20%): AED 77,000
Deposit, non-resident (40%): AED 154,000
Monthly over 25 years at 3.7%: AED 1,575

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