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1-bed · 794 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

615, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in August 2011, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 615 · DLD and Ejari recordsUpdated 1 April 2026
Last soldAED 352K18 August 2011
Current rentAED 45K /yr1 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 615, Palace Towers Residential Block

What is 615 worth today?

Last sold for AED 352,275 in 2011

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1 Apr 2026RentedRenewal
AED 45,000/yr12 months · AED 56 per sqft
1 Apr 2025RentedRenewal
AED 43,890/yr12 months · AED 55 per sqft
1 Apr 2024RentedNew contract
AED 36,000/yr12 months · AED 45 per sqft
1 Apr 2022RentedRenewal
AED 30,000/yr12 months · AED 38 per sqft
1 Apr 2021RentedNew contract
AED 30,000/yr12 months · AED 38 per sqft
15 Jan 2020RentedRenewal
AED 42,000/yr12 months · AED 53 per sqft
15 Jan 2019RentedNew contract
AED 44,000/yr12 months · AED 55 per sqft
18 Aug 2011SoldReady
AED 352,275AED 443 per sqft

Source: Dubai Land Department. Updated 1 April 2026.

Key facts

Type
1-bed apartment
Size
794 sqft
Floor
6th of 22
Parking
L1-108
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 12,800 /yr
Last sold
AED 352K · August 2011
Building
Palace Towers Residential Block

About 615, Palace Towers Residential Block

615 is a one-bedroom apartment of 794 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 18 August 2011 for AED 352,275, or AED 443 per sqft, 46% below the AED 823 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 1 April 2026, is AED 45,000 a year: a gross yield of 12.8% on the 2011 price, before the service charge of about AED 12,800 a year.

Sales and rents for 615 over time

Sales
Unit 615, each saleTypical one-bed in Palace Towers Residential Block
400K600K2009201420192024Typical sale price by year: 2009 AED 687,000; 2010 AED 657,574; 2011 AED 645,145; 2012 AED 491,547; 2013 AED 555,800; 2014 AED 680,500; 2015 AED 673,250; 2017 AED 560,000; 2020 AED 365,000; 2021 AED 367,500; 2022 AED 420,000; 2023 AED 420,000; 2024 AED 500,000; 2025 AED 600,750; 2026 AED 595,000Sold by developer, August 2009: AED 704,550 (AED 887 per sqft)Sold, August 2011: AED 352,275 (AED 443 per sqft)

615 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 615, each contractTypical one-bed in Palace Towers Residential Block
40K60K2012201620202024Typical rent by year: 2012 AED 40,000; 2013 AED 50,000; 2014 AED 49,500; 2015 AED 60,000; 2016 AED 63,500; 2017 AED 56,000; 2018 AED 49,500; 2019 AED 40,500; 2020 AED 35,500; 2021 AED 30,541; 2022 AED 34,750; 2023 AED 40,000; 2024 AED 50,000; 2025 AED 52,000; 2026 AED 53,000New contract, January 2019: AED 44,000 a yearRenewal, January 2020: AED 42,000 a yearNew contract, April 2021: AED 30,000 a yearRenewal, April 2022: AED 30,000 a yearNew contract, April 2024: AED 36,000 a yearRenewal, April 2025: AED 43,890 a yearRenewal, April 2026: AED 45,000 a year

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

1-beds in Palace Towers Residential Block, and where 615 sits

All 72 1-beds →

615 last sold in August 2011 at AED 443 per sqft, 46% below what one-beds in Palace Towers Residential Block were fetching at the time (AED 823). Over the last 12 months one-beds sold for AED 555,000 to 610,000, around AED 720 per sqft, and rent for AED 34,500 to 90,000 a year. 615's AED 45,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Jun 2026555,000
7 Apr 2026595,000
19 Feb 2026610,000
29 Oct 2025575,000
3 1-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
9.3%
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

615, Palace Towers Residential Block in numbers

  • Sold twice: first on 26 August 2009 for AED 704,550, last on 18 August 2011 for AED 352,275 (AED 443 per sqft).
  • Rented since January 2019 on 7 Ejari contracts. The rent fell from AED 44,000 to AED 30,000 in 2022 and recovered to AED 45,000 by April 2026.
  • At AED 45,000 a year the gross yield on the 2011 price is 12.8%, before a service charge of about AED 12,800 a year (AED 16.09 per sqft).
  • One-beds in Palace Towers Residential Block sold for AED 555,000–610,000 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 April 2026.

Questions about 615, Palace Towers Residential Block

What did unit 615 last sell for?

AED 352,275 on 18 August 2011: AED 443 per sqft for 794 sqft. The unit has 2 registered sales; the first was AED 704,550 in August 2009.

What is the rent for unit 615?

AED 45,000 a year on the contract renewed on 1 April 2026. The previous contract, from April 2025, was AED 43,890; the unit has been rented since January 2019.

How big is unit 615?

794 sqft (73.8 sqm): a one-bedroom apartment on the 6th floor of a 22-storey tower completed in 2009.

What is unit 615 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Palace Towers Residential Block sold for AED 555,000 to 610,000 in the last 12 months, around AED 720 per sqft.

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Mortgage on 615, Palace Towers Residential Block

Starts from the last sale price (AED 352K, 18 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 352,275
Deposit, UAE resident (20%)
AED 70,455
Deposit, non-resident (40%)
AED 140,910
Monthly over 25 years at 3.7%
AED 1,441

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