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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 5th floor · completed 2009

502, Palace Towers Residential Block

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 15 December 2025
Last soldAED 359K10 August 2010
Current rentAED 16K /yr15 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Palace Towers Residential Block

What is 502 worth today?

Last sold for AED 359,000 in 2010

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15 Dec 2025RentedRenewal
AED 16,000/yr12 months · AED 34 per sqft
15 Jun 2024RentedNew contract
AED 16,000/yr6 months · AED 34 per sqft
15 Dec 2022RentedRenewal
AED 16,000/yr12 months · AED 34 per sqft
15 Dec 2021RentedRenewal
AED 16,000/yr12 months · AED 34 per sqft
15 Dec 2021RentedNew contract
AED 16,000/yr12 months · AED 34 per sqft
15 Dec 2020RentedNew contract
AED 16,000/yr12 months · AED 34 per sqft
10 Aug 2010Sold by developerReady
AED 359,000AED 763 per sqft

Source: Dubai Land Department. Updated 15 December 2025.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
5th of 22
Parking
L1-14
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 359K · August 2010
Building
Palace Towers Residential Block

About 502, Palace Towers Residential Block

502 is a studio of 470 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. The developer sold it on 10 August 2010 for AED 359,000, or AED 763 per sqft, 9% below the AED 835 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 15 December 2025, is AED 16,000 a year: a gross yield of 4.5% on the 2010 price, before the service charge of about AED 7,600 a year.

Sales and rents for 502 over time

Sales
Unit 502, 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, August 2010: AED 359,000 (AED 763 per sqft)

502 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 502, each contractTypical studio in Palace Towers Residential Block
20K40K2012201620202024Typical 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 16,000 a yearRenewal, December 2021: AED 16,000 a yearNew contract, December 2021: AED 16,000 a yearRenewal, December 2022: AED 16,000 a yearNew contract, June 2024: AED 16,000 a yearRenewal, December 2025: AED 16,000 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 502 sits

All 280 studios →

502 last sold in August 2010 at AED 763 per sqft, 9% below what studios in Palace Towers Residential Block were fetching at the time (AED 835). 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. 502's AED 16,000 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
9.3%
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
Value
5011-bedAED 385K · Jul 2021
503StudioAED 339K · Jun 2010
504StudioAED 319K · May 2010
5052-bedAED 175K · Sep 2025
506StudioAED 298K · Aug 2010
507StudioAED 325K · Oct 2023
5082-bedAED 840K · Apr 2026
1–7 of 23

502, Palace Towers Residential Block in numbers

  • Sold once: by Tameer Holding Investment on 10 August 2010 for AED 359,000, or AED 763 per sqft.
  • Rented since December 2020 on 6 Ejari contracts, at AED 16,000 a year.
  • At AED 16,000 a year the gross yield on the 2010 price is 4.5%, 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 15 December 2025.

Questions about 502, Palace Towers Residential Block

What did unit 502 last sell for?

AED 359,000 on 10 August 2010, sold by the developer: AED 763 per sqft for 470 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 16,000 a year on the contract renewed on 15 December 2025. The previous contract, from June 2024, was AED 16,000; the unit has been rented since December 2020.

How big is unit 502?

470 sqft (43.7 sqm): a studio on the 5th floor of a 22-storey tower completed in 2009.

What is unit 502 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 502, Palace Towers Residential Block

Starts from the last sale price (AED 359K, 10 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 359,000
Deposit, UAE resident (20%)
AED 71,800
Deposit, non-resident (40%)
AED 143,600
Monthly over 25 years at 3.7%
AED 1,469

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