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Studio · 431 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

604, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 9 September 2026
Last soldAED 355K29 August 2024
Current rentAED 38K /yr9 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 604, Palace Towers Residential Block

What is 604 worth today?

Last sold for AED 355,000 in 2024

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9 Sep 2026RentedNew contract
AED 38,000/yr12 months · AED 88 per sqft
10 Sep 2024RentedNew contract
AED 38,000/yr12 months · AED 88 per sqft
29 Aug 2024SoldReady
AED 355,000AED 823 per sqft
25 Dec 2021RentedNew contract
AED 21,000/yr12 months · AED 49 per sqft
6 Dec 2020RentedRenewal
AED 23,000/yr12 months · AED 53 per sqft
6 Dec 2019RentedNew contract
AED 28,000/yr12 months · AED 65 per sqft
10 Nov 2018RentedNew contract
AED 35,000/yr12 months · AED 81 per sqft
25 Sep 2017RentedNew contract
AED 42,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 9 September 2026.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
6th of 22
Parking
B1-28
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 355K · August 2024
Building
Palace Towers Residential Block

About 604, Palace Towers Residential Block

604 is a studio of 431 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 29 August 2024 for AED 355,000, or AED 823 per sqft, 3% above the AED 798 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 9 September 2026, is AED 38,000 a year: a gross yield of 10.7% on the 2024 price, before the service charge of about AED 6,900 a year.

Sales and rents for 604 over time

Sales
Unit 604, 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 312,975 (AED 725 per sqft)Sold, July 2013: AED 312,975 (AED 725 per sqft)Sold, August 2024: AED 355,000 (AED 823 per sqft)

604 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 604, 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, September 2017: AED 42,000 a yearNew contract, November 2018: AED 35,000 a yearNew contract, December 2019: AED 28,000 a yearRenewal, December 2020: AED 23,000 a yearNew contract, December 2021: AED 21,000 a yearNew contract, September 2024: AED 38,000 a yearNew contract, September 2026: AED 38,000 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 604 sits

All 280 studios →

604 last sold in August 2024 at AED 823 per sqft, 3% above what studios in Palace Towers Residential Block were fetching at the time (AED 798). 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. 604's AED 38,000 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
603StudioAED 440K · Aug 2024
6052-bedAED 850K · Feb 2014
606StudioAED 340K · Aug 2013
607StudioAED 300K · Jan 2014
6082-bedAED 560K · May 2023
1–7 of 23

604, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 23 July 2009 for AED 312,975, last on 29 August 2024 for AED 355,000 (AED 823 per sqft).
  • Rented since September 2017 on 7 Ejari contracts. The rent fell from AED 42,000 to AED 21,000 in 2021 and recovered to AED 38,000 by September 2026.
  • At AED 38,000 a year the gross yield on the 2024 price is 10.7%, before a service charge of about AED 6,900 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 9 September 2026.

Questions about 604, Palace Towers Residential Block

What did unit 604 last sell for?

AED 355,000 on 29 August 2024: AED 823 per sqft for 431 sqft. The unit has 3 registered sales; the first was AED 312,975 in July 2009.

What is the rent for unit 604?

AED 38,000 a year on the contract signed on 9 September 2026. The previous contract, from September 2024, was AED 38,000; the unit has been rented since September 2017.

How big is unit 604?

431 sqft (40.0 sqm): a studio on the 6th floor of a 22-storey tower completed in 2009.

What is unit 604 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 604, Palace Towers Residential Block

Starts from the last sale price (AED 355K, 29 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 355,000
Deposit, UAE resident (20%)
AED 71,000
Deposit, non-resident (40%)
AED 142,000
Monthly over 25 years at 3.7%
AED 1,452

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