Home
Dubai prices
About
Research
Studio · 482 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 5th floor · completed 2009

514, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in November 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 6 December 2025
Last soldAED 400K24 November 2023
Current rentAED 44K /yr6 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 514

Property timeline for 514, Palace Towers Residential Block

What is 514 worth today?

Last sold for AED 400,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

6 Dec 2025RentedRenewal
AED 44,000/yr12 months · AED 91 per sqft
6 Dec 2024RentedNew contract
AED 44,000/yr12 months · AED 91 per sqft
5 Dec 2023RentedNew contract
AED 42,000/yr12 months · AED 87 per sqft
24 Nov 2023SoldReady
AED 400,000AED 830 per sqft
13 Nov 2023SoldReady
AED 340,000AED 705 per sqft
12 Nov 2020RentedNew contract
AED 21,000/yr12 months · AED 43 per sqft
12 Nov 2018RentedNew contract
AED 32,000/yr12 months · AED 66 per sqft
15 Jan 2015RentedNew contract
AED 30,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 6 December 2025.

Key facts

Type
Studio apartment
Size
482 sqft
Floor
5th of 22
Parking
B2-61
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,800 /yr
Last sold
AED 400K · November 2023
Building
Palace Towers Residential Block

About 514, Palace Towers Residential Block

514 is a studio of 482 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 24 November 2023 for AED 400,000, or AED 830 per sqft, 19% above the AED 695 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 6 December 2025, is AED 44,000 a year: a gross yield of 11.0% on the 2023 price, before the service charge of about AED 7,800 a year.

Sales and rents for 514 over time

Sales
Unit 514, 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 378,100 (AED 784 per sqft)Sold, July 2010: AED 378,100 (AED 784 per sqft)Sold, November 2023: AED 400,000 (AED 830 per sqft)Sold, November 2023: AED 340,000 (AED 705 per sqft)

514 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 514, 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, January 2015: AED 30,000 a yearNew contract, November 2018: AED 32,000 a yearNew contract, November 2020: AED 21,000 a yearNew contract, December 2023: AED 42,000 a yearNew contract, December 2024: AED 44,000 a yearRenewal, December 2025: AED 44,000 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 514 sits

All 280 studios →

514 last sold in November 2023 at AED 830 per sqft, 19% above what studios in Palace Towers Residential Block were fetching at the time (AED 695). 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. 514's AED 44,000 is in the upper 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 5th floor

All 424 units in Palace Towers Residential Block
Value
5011-bedAED 385K · Jul 2021
502StudioAED 359K · Aug 2010
503StudioAED 339K · Jun 2010
504StudioAED 319K · May 2010
5052-bedAED 175K · Sep 2025
506StudioAED 298K · Aug 2010
507StudioAED 325K · Oct 2023
1–7 of 23

514, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 22 July 2009 for AED 378,100, last on 24 November 2023 for AED 400,000 (AED 830 per sqft).
  • Rented since January 2015 on 6 Ejari contracts. The rent fell from AED 30,000 to AED 21,000 in 2020 and recovered to AED 44,000 by December 2025.
  • At AED 44,000 a year the gross yield on the 2023 price is 11.0%, before a service charge of about AED 7,800 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 6 December 2025.

Questions about 514, Palace Towers Residential Block

What did unit 514 last sell for?

AED 400,000 on 24 November 2023: AED 830 per sqft for 482 sqft. The unit has 4 registered sales; the first was AED 378,100 in July 2009.

What is the rent for unit 514?

AED 44,000 a year on the contract renewed on 6 December 2025. The previous contract, from December 2024, was AED 44,000; the unit has been rented since January 2015.

How big is unit 514?

482 sqft (44.8 sqm): a studio on the 5th floor of a 22-storey tower completed in 2009.

What is unit 514 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.

Selling 514? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 514, Palace Towers Residential Block

Starts from the last sale price (AED 400K, 24 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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