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Studio · 216 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

609, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in June 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 609 · DLD and Ejari recordsUpdated 28 October 2026
Last soldAED 450K7 June 2017
Current rentAED 38K /yr28 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 609, Palace Towers Residential Block

What is 609 worth today?

Last sold for AED 450,000 in 2017

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28 Oct 2026RentedNew contract
AED 38,000/yr12 months · AED 88 per sqft
8 Feb 2025RentedNew contract
AED 38,000/yr12 months · AED 88 per sqft
30 Jan 2024RentedNew contract
AED 31,500/yr12 months · AED 73 per sqft
20 Jan 2023RentedNew contract
AED 30,000/yr12 months · AED 70 per sqft
25 Dec 2020RentedRenewal
AED 23,000/yr12 months · AED 53 per sqft
25 Dec 2019RentedNew contract
AED 27,000/yr12 months · AED 63 per sqft
7 Jun 2017SoldReady
AED 450,000AED 2,086 per sqft
15 Aug 2016RentedNew contract
AED 44,000/yr12 months · AED 102 per sqft

Source: Dubai Land Department. Updated 28 October 2026.

Key facts

Type
Studio apartment
Size
216 sqft
Floor
6th of 22
Parking
B2-133
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 3,500 /yr
Last sold
AED 450K · June 2017
Building
Palace Towers Residential Block

About 609, Palace Towers Residential Block

609 is a studio of 216 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 7 June 2017 for AED 450,000, or AED 2,086 per sqft, 123% above the AED 934 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 28 October 2026, is AED 38,000 a year: a gross yield of 8.4% on the 2017 price, before the service charge of about AED 3,500 a year.

Sales and rents for 609 over time

Sales
Unit 609, each saleTypical studio in Palace Towers Residential Block
200K400K2009201420192024Typical 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 343,000 (AED 795 per sqft)Sold, November 2011: AED 343,000 (AED 795 per sqft)Sold, September 2014: AED 386,300 (AED 895 per sqft)Sold, June 2017: AED 450,000 (AED 2,086 per sqft)

609 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 609, 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, December 2012: AED 30,000 a yearRenewal, December 2013: AED 30,000 a yearNew contract, December 2014: AED 33,000 a yearNew contract, August 2016: AED 44,000 a yearNew contract, December 2019: AED 27,000 a yearRenewal, December 2020: AED 23,000 a yearNew contract, January 2023: AED 30,000 a yearNew contract, January 2024: AED 31,500 a yearNew contract, February 2025: AED 38,000 a yearNew contract, October 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 609 sits

All 280 studios →

609 last sold in June 2017 at AED 2,086 per sqft, 123% above what studios in Palace Towers Residential Block were fetching at the time (AED 934). 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. 609'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
604StudioAED 355K · Aug 2024
6052-bedAED 850K · Feb 2014
606StudioAED 340K · Aug 2013
607StudioAED 300K · Jan 2014
1–7 of 23

609, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 23 July 2009 for AED 343,000, last on 7 June 2017 for AED 450,000 (AED 2,086 per sqft).
  • Rented since December 2012 on 10 Ejari contracts. The rent fell from AED 30,000 to AED 23,000 in 2020 and recovered to AED 38,000 by October 2026.
  • At AED 38,000 a year the gross yield on the 2017 price is 8.4%, before a service charge of about AED 3,500 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 28 October 2026.

Questions about 609, Palace Towers Residential Block

What did unit 609 last sell for?

AED 450,000 on 7 June 2017: AED 2,086 per sqft for 216 sqft. The unit has 4 registered sales; the first was AED 343,000 in July 2009.

What is the rent for unit 609?

AED 38,000 a year on the contract signed on 28 October 2026. The previous contract, from February 2025, was AED 38,000; the unit has been rented since December 2012.

How big is unit 609?

216 sqft (20.1 sqm): a studio on the 6th floor of a 22-storey tower completed in 2009.

What is unit 609 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 609, Palace Towers Residential Block

Starts from the last sale price (AED 450K, 7 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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