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1-bed · 794 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 5th floor · completed 2009

515, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in December 2013, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 1 March 2016
Last soldAED 650K3 December 2013
Current rentAED 58K /yr1 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Palace Towers Residential Block

What is 515 worth today?

Last sold for AED 650,000 in 2013

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1 Mar 2016RentedNew contract
AED 58,000/yr12 months · AED 73 per sqft
1 Mar 2014RentedNew contract
AED 58,000/yr12 months · AED 73 per sqft
3 Dec 2013SoldReady
AED 650,000AED 818 per sqft
3 Oct 2013SoldReady
AED 560,000AED 705 per sqft
18 Oct 2012RentedNew contract
AED 34,000/yr12 months · AED 43 per sqft
22 Jun 2010SoldReady
AED 737,573AED 929 per sqft
22 Jul 2009Sold by developerOff-plan
AED 737,573AED 929 per sqft

Source: Dubai Land Department. Updated 1 March 2016.

Key facts

Type
1-bed apartment
Size
794 sqft
Floor
5th of 22
Parking
L2-76
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 12,800 /yr
Last sold
AED 650K · December 2013
Building
Palace Towers Residential Block

About 515, Palace Towers Residential Block

515 is a one-bedroom apartment of 794 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 3 December 2013 for AED 650,000, or AED 818 per sqft, 17% above the AED 700 one-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 1 March 2016, is AED 58,000 a year: a gross yield of 8.9% on the 2013 price, before the service charge of about AED 12,800 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical one-bed in Palace Towers Residential Block
400K600K800K2009201420192024Typical sale price by year: 2009 AED 687,000; 2010 AED 657,574; 2011 AED 645,145; 2012 AED 491,547; 2013 AED 555,800; 2014 AED 680,500; 2015 AED 673,250; 2017 AED 560,000; 2020 AED 365,000; 2021 AED 367,500; 2022 AED 420,000; 2023 AED 420,000; 2024 AED 500,000; 2025 AED 600,750; 2026 AED 595,000Sold by developer, July 2009: AED 737,573 (AED 929 per sqft)Sold, June 2010: AED 737,573 (AED 929 per sqft)Sold, October 2013: AED 560,000 (AED 705 per sqft)Sold, December 2013: AED 650,000 (AED 818 per sqft)

515 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 515, each contractTypical one-bed in Palace Towers Residential Block
40K60K2012201620202024Typical rent by year: 2012 AED 40,000; 2013 AED 50,000; 2014 AED 49,500; 2015 AED 60,000; 2016 AED 63,500; 2017 AED 56,000; 2018 AED 49,500; 2019 AED 40,500; 2020 AED 35,500; 2021 AED 30,541; 2022 AED 34,750; 2023 AED 40,000; 2024 AED 50,000; 2025 AED 52,000; 2026 AED 53,000New contract, October 2012: AED 34,000 a yearNew contract, March 2014: AED 58,000 a yearNew contract, March 2016: AED 58,000 a year

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 515 sits

All 72 1-beds →

515 last sold in December 2013 at AED 818 per sqft, 17% above what one-beds in Palace Towers Residential Block were fetching at the time (AED 700). 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. 515's AED 58,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Jun 2026555,000
7 Apr 2026595,000
19 Feb 2026610,000
29 Oct 2025575,000
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
9.2%
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

515, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 22 July 2009 for AED 737,573, last on 3 December 2013 for AED 650,000 (AED 818 per sqft).
  • Rented since October 2012 on 3 Ejari contracts, from AED 34,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2013 price is 8.9%, before a service charge of about AED 12,800 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 1 March 2016.

Questions about 515, Palace Towers Residential Block

What did unit 515 last sell for?

AED 650,000 on 3 December 2013: AED 818 per sqft for 794 sqft. The unit has 4 registered sales; the first was AED 737,573 in July 2009.

What is the rent for unit 515?

AED 58,000 a year on the contract signed on 1 March 2016. The previous contract, from March 2014, was AED 58,000; the unit has been rented since October 2012.

How big is unit 515?

794 sqft (73.8 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2009.

What is unit 515 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 515, Palace Towers Residential Block

Starts from the last sale price (AED 650K, 3 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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