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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

602, Palace Towers Residential Block

Sold prices and rental history: sold 5 times, last in September 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 1 November 2026
Last soldAED 340K14 September 2023
Current rentAED 54K /yr1 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, Palace Towers Residential Block

What is 602 worth today?

Last sold for AED 340,000 in 2023

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1 Nov 2026RentedNew contract
AED 54,000/yr10 months · AED 114 per sqft
1 Oct 2024RentedRenewal
AED 35,000/yr12 months · AED 74 per sqft
1 Oct 2023RentedNew contract
AED 35,000/yr12 months · AED 74 per sqft
14 Sep 2023SoldReady
AED 340,000AED 722 per sqft
17 Apr 2023SoldReady
AED 300,000AED 637 per sqft
25 Nov 2021RentedNew contract
AED 24,000/yr12 months · AED 51 per sqft
26 Nov 2020RentedNew contract
AED 24,000/yr12 months · AED 51 per sqft
16 Nov 2020SoldReady
AED 215,000AED 457 per sqft

Source: Dubai Land Department. Updated 1 November 2026.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
6th of 22
Parking
L1-15
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 340K · September 2023
Building
Palace Towers Residential Block

About 602, Palace Towers Residential Block

602 is a studio of 470 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 14 September 2023 for AED 340,000, or AED 722 per sqft, 14% above the AED 632 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 1 November 2026, is AED 54,000 a year: a gross yield of 15.9% on the 2023 price, before the service charge of about AED 7,600 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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 361,000 (AED 767 per sqft)Sold, July 2010: AED 361,000 (AED 767 per sqft)Sold, November 2020: AED 215,000 (AED 457 per sqft)Sold, April 2023: AED 300,000 (AED 637 per sqft)Sold, September 2023: AED 340,000 (AED 722 per sqft)

602 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 602, 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, May 2014: AED 43,000 a yearRenewal, May 2015: AED 43,000 a yearNew contract, March 2017: AED 45,000 a yearNew contract, February 2018: AED 36,000 a yearNew contract, August 2019: AED 25,000 a yearNew contract, November 2020: AED 24,000 a yearNew contract, November 2021: AED 24,000 a yearNew contract, October 2023: AED 35,000 a yearRenewal, October 2024: AED 35,000 a yearNew contract, November 2026: AED 54,000 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 602 sits

All 280 studios →

602 last sold in September 2023 at AED 722 per sqft, 14% above what studios in Palace Towers Residential Block were fetching at the time (AED 632). 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. 602's AED 54,000 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 6th floor

All 424 units in Palace Towers Residential Block
Value
6011-bedAED 620K · Jan 2017
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

602, Palace Towers Residential Block in numbers

  • Sold 5 times: first on 23 July 2009 for AED 361,000, last on 14 September 2023 for AED 340,000 (AED 722 per sqft).
  • Rented since May 2014 on 10 Ejari contracts. The rent fell from AED 43,000 to AED 24,000 in 2021 and recovered to AED 54,000 by November 2026.
  • At AED 54,000 a year the gross yield on the 2023 price is 15.9%, 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 1 November 2026.

Questions about 602, Palace Towers Residential Block

What did unit 602 last sell for?

AED 340,000 on 14 September 2023: AED 722 per sqft for 470 sqft. The unit has 5 registered sales; the first was AED 361,000 in July 2009.

What is the rent for unit 602?

AED 54,000 a year on the contract signed on 1 November 2026. The previous contract, from October 2024, was AED 35,000; the unit has been rented since May 2014.

How big is unit 602?

470 sqft (43.7 sqm): a studio on the 6th floor of a 22-storey tower completed in 2009.

What is unit 602 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 602, Palace Towers Residential Block

Starts from the last sale price (AED 340K, 14 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 340,000
Deposit, UAE resident (20%)
AED 68,000
Deposit, non-resident (40%)
AED 136,000
Monthly over 25 years at 3.7%
AED 1,391

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