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Studio · 459 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

603, Palace Towers Residential Block

Sold prices and rental history: sold 5 times, last in August 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 440K15 August 2024
Current rentAED 22K /yr20 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, Palace Towers Residential Block

What is 603 worth today?

Last sold for AED 440,000 in 2024

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15 Aug 2024SoldReady
AED 440,000AED 958 per sqft
30 Jan 2024SoldReady
AED 410,000AED 893 per sqft
15 May 2023SoldReady
AED 280,000AED 609 per sqft
20 Apr 2021RentedNew contract
AED 22,000/yr12 months · AED 48 per sqft
25 Oct 2018RentedNew contract
AED 35,000/yr12 months · AED 76 per sqft
5 Apr 2010SoldReady
AED 341,000AED 742 per sqft
23 Jul 2009Sold by developerOff-plan
AED 341,000AED 742 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
Studio apartment
Size
459 sqft
Floor
6th of 22
Parking
B2-9
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,400 /yr
Last sold
AED 440K · August 2024
Building
Palace Towers Residential Block

About 603, Palace Towers Residential Block

603 is a studio of 459 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 15 August 2024 for AED 440,000, or AED 958 per sqft, 21% above the AED 791 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 20 April 2021, is AED 22,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 7,400 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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 341,000 (AED 742 per sqft)Sold, April 2010: AED 341,000 (AED 742 per sqft)Sold, May 2023: AED 280,000 (AED 609 per sqft)Sold, January 2024: AED 410,000 (AED 893 per sqft)Sold, August 2024: AED 440,000 (AED 958 per sqft)

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

Rents
Unit 603, each contractTypical studio in Palace Towers Residential Block
20K30K40K2012201620202024Typical 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, October 2018: AED 35,000 a yearNew contract, April 2021: AED 22,000 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 603 sits

All 280 studios →

603 last sold in August 2024 at AED 958 per sqft, 21% above what studios in Palace Towers Residential Block were fetching at the time (AED 791). 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. 603's AED 22,000 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
9.2%
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
602StudioAED 340K · Sep 2023
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

603, Palace Towers Residential Block in numbers

  • Sold 5 times: first on 23 July 2009 for AED 341,000, last on 15 August 2024 for AED 440,000 (AED 958 per sqft).
  • Rented since October 2018 on 2 Ejari contracts, from AED 35,000 to AED 22,000 a year.
  • At AED 22,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 7,400 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 August 2024.

Questions about 603, Palace Towers Residential Block

What did unit 603 last sell for?

AED 440,000 on 15 August 2024: AED 958 per sqft for 459 sqft. The unit has 5 registered sales; the first was AED 341,000 in July 2009.

What is the rent for unit 603?

AED 22,000 a year on the contract signed on 20 April 2021. The previous contract, from October 2018, was AED 35,000.

How big is unit 603?

459 sqft (42.6 sqm): a studio on the 6th floor of a 22-storey tower completed in 2009.

What is unit 603 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 603, Palace Towers Residential Block

Starts from the last sale price (AED 440K, 15 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

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