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1-bed · 826 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

601, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in January 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 7 March 2026
Last soldAED 620K19 January 2017
Current rentAED 53K /yr7 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601, Palace Towers Residential Block

What is 601 worth today?

Last sold for AED 620,000 in 2017

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7 Mar 2026RentedRenewal
AED 53,000/yr12 months · AED 64 per sqft
7 Mar 2025RentedNew contract
AED 53,000/yr12 months · AED 64 per sqft
9 May 2020RentedNew contract
AED 42,000/yr14 months · AED 51 per sqft
10 Apr 2019RentedRenewal
AED 47,077/yr13 months · AED 57 per sqft
10 Apr 2018RentedRenewal
AED 53,000/yr12 months · AED 64 per sqft
10 Mar 2017RentedNew contract
AED 52,615/yr13 months · AED 63 per sqft
19 Jan 2017SoldReady
AED 620,000AED 750 per sqft
26 Jan 2015SoldReady
AED 617,400AED 747 per sqft

Source: Dubai Land Department. Updated 7 March 2026.

Key facts

Type
1-bed apartment
Size
826 sqft
Floor
6th of 22
Parking
B2-18
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 13,300 /yr
Last sold
AED 620K · January 2017
Building
Palace Towers Residential Block

About 601, Palace Towers Residential Block

601 is a one-bedroom apartment of 826 sqft on the 6th 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 19 January 2017 for AED 620,000, or AED 750 per sqft, in line with the AED 731 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 7 March 2026, is AED 53,000 a year: a gross yield of 8.6% on the 2017 price, before the service charge of about AED 13,300 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical one-bed in Palace Towers Residential Block
400K600K2009201420192024Typical 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 617,400 (AED 747 per sqft)Sold, January 2015: AED 617,400 (AED 747 per sqft)Sold, January 2017: AED 620,000 (AED 750 per sqft)

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

Rents
Unit 601, 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, March 2017: AED 52,615 a yearRenewal, April 2018: AED 53,000 a yearRenewal, April 2019: AED 47,077 a yearNew contract, May 2020: AED 42,000 a yearNew contract, March 2025: AED 53,000 a yearRenewal, March 2026: AED 53,000 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 601 sits

All 72 1-beds →

601 last sold in January 2017 at AED 750 per sqft, in line with what one-beds in Palace Towers Residential Block were fetching at the time (AED 731). 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. 601's AED 53,000 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 6th floor

All 424 units in Palace Towers Residential Block
Value
602StudioAED 340K · Sep 2023
603StudioAED 440K · Aug 2024
604StudioAED 355K · Aug 2024
6052-bedAED 850K · Feb 2014
606StudioAED 340K · Aug 2013
607StudioAED 300K · Jan 2014
6082-bedAED 560K · May 2023
1–7 of 23

601, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 23 July 2009 for AED 617,400, last on 19 January 2017 for AED 620,000 (AED 750 per sqft).
  • Rented since March 2017 on 6 Ejari contracts. The rent fell from AED 52,615 to AED 42,000 in 2020 and recovered to AED 53,000 by March 2026.
  • At AED 53,000 a year the gross yield on the 2017 price is 8.6%, 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 7 March 2026.

Questions about 601, Palace Towers Residential Block

What did unit 601 last sell for?

AED 620,000 on 19 January 2017: AED 750 per sqft for 826 sqft. The unit has 3 registered sales; the first was AED 617,400 in July 2009.

What is the rent for unit 601?

AED 53,000 a year on the contract renewed on 7 March 2026. The previous contract, from March 2025, was AED 53,000; the unit has been rented since March 2017.

How big is unit 601?

826 sqft (76.7 sqm): a one-bedroom apartment on the 6th floor of a 22-storey tower completed in 2009.

What is unit 601 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 601, Palace Towers Residential Block

Starts from the last sale price (AED 620K, 19 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 620,000
Deposit, UAE resident (20%)
AED 124,000
Deposit, non-resident (40%)
AED 248,000
Monthly over 25 years at 3.7%
AED 2,537

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