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Studio · 344 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

606, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in August 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 606 · DLD and Ejari recordsUpdated 3 March 2023
Last soldAED 340K27 August 2013
Current rentAED 27K /yr3 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 606, Palace Towers Residential Block

What is 606 worth today?

Last sold for AED 340,000 in 2013

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3 Mar 2023RentedNew contract
AED 27,000/yr12 months · AED 78 per sqft
2 Mar 2022RentedRenewal
AED 24,000/yr12 months · AED 70 per sqft
2 Mar 2021RentedRenewal
AED 24,000/yr12 months · AED 70 per sqft
2 Mar 2020RentedRenewal
AED 24,000/yr12 months · AED 70 per sqft
2 Mar 2019RentedNew contract
AED 27,000/yr12 months · AED 78 per sqft
20 Jun 2018RentedNew contract
AED 32,000/yr12 months · AED 93 per sqft
12 Nov 2016RentedRenewal
AED 47,000/yr12 months · AED 136 per sqft
12 Nov 2015RentedNew contract
AED 44,000/yr12 months · AED 128 per sqft

Source: Dubai Land Department. Updated 3 March 2023.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
6th of 22
Parking
L2-16
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 340K · August 2013
Building
Palace Towers Residential Block

About 606, Palace Towers Residential Block

606 is a studio of 344 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 27 August 2013 for AED 340,000, or AED 989 per sqft, 38% above the AED 718 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 3 March 2023, is AED 27,000 a year: a gross yield of 7.9% on the 2013 price, before the service charge of about AED 5,500 a year.

Sales and rents for 606 over time

Sales
Unit 606, 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 297,000 (AED 864 per sqft)Sold, March 2013: AED 297,000 (AED 864 per sqft)Sold, August 2013: AED 340,000 (AED 989 per sqft)

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

Rents
Unit 606, 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, November 2014: AED 44,000 a yearNew contract, November 2015: AED 44,000 a yearRenewal, November 2016: AED 47,000 a yearNew contract, June 2018: AED 32,000 a yearNew contract, March 2019: AED 27,000 a yearRenewal, March 2020: AED 24,000 a yearRenewal, March 2021: AED 24,000 a yearRenewal, March 2022: AED 24,000 a yearNew contract, March 2023: AED 27,000 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 606 sits

All 280 studios →

606 last sold in August 2013 at AED 989 per sqft, 38% above what studios in Palace Towers Residential Block were fetching at the time (AED 718). 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. 606's AED 27,000 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
604StudioAED 355K · Aug 2024
6052-bedAED 850K · Feb 2014
607StudioAED 300K · Jan 2014
6082-bedAED 560K · May 2023
1–7 of 23

606, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 23 July 2009 for AED 297,000, last on 27 August 2013 for AED 340,000 (AED 989 per sqft).
  • Rented since November 2014 on 9 Ejari contracts. The rent fell from AED 44,000 to AED 24,000 in 2022 and recovered to AED 27,000 by March 2023.
  • At AED 27,000 a year the gross yield on the 2013 price is 7.9%, before a service charge of about AED 5,500 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 3 March 2023.

Questions about 606, Palace Towers Residential Block

What did unit 606 last sell for?

AED 340,000 on 27 August 2013: AED 989 per sqft for 344 sqft. The unit has 3 registered sales; the first was AED 297,000 in July 2009.

What is the rent for unit 606?

AED 27,000 a year on the contract signed on 3 March 2023. The previous contract, from March 2022, was AED 24,000; the unit has been rented since November 2014.

How big is unit 606?

344 sqft (32.0 sqm): a studio on the 6th floor of a 22-storey tower completed in 2009.

What is unit 606 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 606, Palace Towers Residential Block

Starts from the last sale price (AED 340K, 27 August 2013). 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 →