Home
Dubai prices
About
Research
2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

608, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 608 · DLD and Ejari recordsUpdated 1 February 2025
Last soldAED 560K17 May 2023
Current rentAED 80K /yr1 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 608

Property timeline for 608, Palace Towers Residential Block

What is 608 worth today?

Last sold for AED 560,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Feb 2025RentedNew contract
AED 80,000/yr12 months · AED 81 per sqft
17 May 2023SoldReady
AED 560,000AED 565 per sqft
20 Dec 2022RentedNew contract
AED 48,000/yr12 months · AED 48 per sqft
20 Dec 2021RentedNew contract
AED 44,000/yr12 months · AED 44 per sqft
20 Oct 2020RentedNew contract
AED 48,000/yr11 months · AED 48 per sqft
20 Aug 2018RentedRenewal
AED 64,000/yr12 months · AED 65 per sqft
20 Aug 2017RentedNew contract
AED 68,000/yr12 months · AED 69 per sqft
25 Jan 2017RentedRenewal
AED 75,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 1 February 2025.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
6th of 22
Parking
L1-116
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 560K · May 2023
Building
Palace Towers Residential Block

About 608, Palace Towers Residential Block

608 is a two-bedroom apartment of 990 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 17 May 2023 for AED 560,000, or AED 565 per sqft, 13% above the AED 502 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 February 2025, is AED 80,000 a year: a gross yield of 14.3% on the 2023 price, before the service charge of about AED 15,900 a year.

Sales and rents for 608 over time

Sales
Unit 608, each saleTypical two-bed in Palace Towers Residential Block
400K600K800K2009201420192024Typical sale price by year: 2009 AED 838,950; 2010 AED 815,000; 2011 AED 805,000; 2012 AED 500,000; 2013 AED 720,000; 2014 AED 850,000; 2015 AED 855,000; 2018 AED 650,000; 2019 AED 580,000; 2021 AED 454,000; 2022 AED 485,000; 2023 AED 570,000; 2024 AED 670,000; 2025 AED 820,000; 2026 AED 850,000Sold by developer, August 2009: AED 838,950 (AED 847 per sqft)Sold, July 2010: AED 419,475 (AED 423 per sqft)Sold, May 2023: AED 560,000 (AED 565 per sqft)

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

Rents
Unit 608, each contractTypical two-bed in Palace Towers Residential Block
40K60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 58,524; 2014 AED 73,500; 2015 AED 81,000; 2016 AED 79,558; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 50,000; 2021 AED 42,000; 2022 AED 49,450; 2023 AED 55,000; 2024 AED 63,000; 2025 AED 65,464; 2026 AED 70,000New contract, February 2013: AED 43,000 a yearNew contract, December 2014: AED 85,000 a yearNew contract, January 2016: AED 80,000 a yearRenewal, January 2017: AED 75,000 a yearNew contract, August 2017: AED 68,000 a yearRenewal, August 2018: AED 64,000 a yearNew contract, October 2020: AED 48,000 a yearNew contract, December 2021: AED 44,000 a yearNew contract, December 2022: AED 48,000 a yearNew contract, February 2025: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Palace Towers Residential Block, and where 608 sits

All 72 2-beds →

608 last sold in May 2023 at AED 565 per sqft, 13% above what two-beds in Palace Towers Residential Block were fetching at the time (AED 502). Over the last 12 months two-beds sold for AED 825,000 to 880,000, around AED 848 per sqft, and rent for AED 35,000 to 85,000 a year. 608's AED 80,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 2026840,000
21 Aug 2026860,000
5 May 2026880,000
6 Apr 2026840,000
7 2-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
6011-bedAED 620K · Jan 2017
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
1–7 of 23

608, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 26 August 2009 for AED 838,950, last on 17 May 2023 for AED 560,000 (AED 565 per sqft).
  • Rented since February 2013 on 10 Ejari contracts, from AED 43,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 14.3%, before a service charge of about AED 15,900 a year (AED 16.09 per sqft).
  • Two-beds in Palace Towers Residential Block sold for AED 825,000–880,000 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 February 2025.

Questions about 608, Palace Towers Residential Block

What did unit 608 last sell for?

AED 560,000 on 17 May 2023: AED 565 per sqft for 990 sqft. The unit has 3 registered sales; the first was AED 838,950 in August 2009.

What is the rent for unit 608?

AED 80,000 a year on the contract signed on 1 February 2025. The previous contract, from December 2022, was AED 48,000; the unit has been rented since February 2013.

How big is unit 608?

990 sqft (92.0 sqm): a two-bedroom apartment on the 6th floor of a 22-storey tower completed in 2009.

What is unit 608 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Towers Residential Block sold for AED 825,000 to 880,000 in the last 12 months, around AED 848 per sqft.

Selling 608? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 608, Palace Towers Residential Block

Starts from the last sale price (AED 560K, 17 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 560,000
Deposit, UAE resident (20%)
AED 112,000
Deposit, non-resident (40%)
AED 224,000
Monthly over 25 years at 3.7%
AED 2,291

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