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Studio · 510 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

613, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in April 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 613 · DLD and Ejari recordsUpdated 2 September 2025
Last soldAED 211K12 April 2011
Current rentAED 52K /yr2 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 613, Palace Towers Residential Block

What is 613 worth today?

Last sold for AED 210,500 in 2011

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2 Sep 2025RentedNew contract
AED 51,600/yr12 months · AED 102 per sqft
3 Aug 2020RentedNew contract
AED 25,000/yr12 months · AED 49 per sqft
25 Jun 2018RentedNew contract
AED 38,000/yr12 months · AED 75 per sqft
1 Nov 2014RentedNew contract
AED 39,000/yr12 months · AED 77 per sqft
12 Apr 2011SoldReady
AED 210,500AED 412 per sqft
26 Aug 2009Sold by developerOff-plan
AED 421,000AED 825 per sqft

Source: Dubai Land Department. Updated 2 September 2025.

Key facts

Type
Studio apartment
Size
510 sqft
Floor
6th of 22
Parking
L1-95
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 8,200 /yr
Last sold
AED 211K · April 2011
Building
Palace Towers Residential Block

About 613, Palace Towers Residential Block

613 is a studio of 510 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 12 April 2011 for AED 210,500, or AED 412 per sqft, 50% below the AED 830 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 2 September 2025, is AED 51,600 a year: a gross yield of 24.5% on the 2011 price, before the service charge of about AED 8,200 a year.

Sales and rents for 613 over time

Sales
Unit 613, 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, August 2009: AED 421,000 (AED 825 per sqft)Sold, April 2011: AED 210,500 (AED 412 per sqft)

613 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 613, 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 39,000 a yearNew contract, June 2018: AED 38,000 a yearNew contract, August 2020: AED 25,000 a yearNew contract, September 2025: AED 51,600 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 613 sits

All 280 studios →

613 last sold in April 2011 at AED 412 per sqft, 50% below what studios in Palace Towers Residential Block were fetching at the time (AED 830). 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. 613's AED 51,600 is in the upper 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

613, Palace Towers Residential Block in numbers

  • Sold twice: first on 26 August 2009 for AED 421,000, last on 12 April 2011 for AED 210,500 (AED 412 per sqft).
  • Rented since November 2014 on 4 Ejari contracts. The rent fell from AED 39,000 to AED 25,000 in 2020 and recovered to AED 51,600 by September 2025.
  • At AED 51,600 a year the gross yield on the 2011 price is 24.5%, before a service charge of about AED 8,200 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 2 September 2025.

Questions about 613, Palace Towers Residential Block

What did unit 613 last sell for?

AED 210,500 on 12 April 2011: AED 412 per sqft for 510 sqft. The unit has 2 registered sales; the first was AED 421,000 in August 2009.

What is the rent for unit 613?

AED 51,600 a year on the contract signed on 2 September 2025. The previous contract, from August 2020, was AED 25,000; the unit has been rented since November 2014.

How big is unit 613?

510 sqft (47.4 sqm): a studio on the 6th floor of a 22-storey tower completed in 2009.

What is unit 613 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 613, Palace Towers Residential Block

Starts from the last sale price (AED 211K, 12 April 2011). Switch to today's estimate once you have unlocked it.
Price
AED 210,500
Deposit, UAE resident (20%)
AED 42,100
Deposit, non-resident (40%)
AED 84,200
Monthly over 25 years at 3.7%
AED 861

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