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

618, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in January 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 618 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 300K18 January 2011
Current rentAED 31K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 618, Palace Towers Residential Block

What is 618 worth today?

Last sold for AED 300,000 in 2011

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1 Oct 2026RentedNew contract
AED 31,000/yr12 months · AED 90 per sqft
14 Aug 2022RentedRenewal
AED 18,000/yr6 months · AED 52 per sqft
14 Aug 2021RentedRenewal
AED 18,000/yr12 months · AED 52 per sqft
14 Aug 2020RentedNew contract
AED 17,500/yr12 months · AED 51 per sqft
14 Feb 2019RentedRenewal
AED 33,000/yr6 months · AED 96 per sqft
14 Aug 2018RentedRenewal
AED 33,000/yr6 months · AED 96 per sqft
14 Aug 2017RentedRenewal
AED 64,500/yr12 months · AED 187 per sqft
12 Feb 2016RentedNew contract
AED 42,846/yr18 months · AED 124 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
6th of 22
Parking
B1-243
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 300K · January 2011
Building
Palace Towers Residential Block

About 618, Palace Towers Residential Block

618 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 18 January 2011 for AED 300,000, or AED 872 per sqft, 5% above the AED 830 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 1 October 2026, is AED 31,000 a year: a gross yield of 10.3% on the 2011 price, before the service charge of about AED 5,500 a year.

Sales and rents for 618 over time

Sales
Unit 618, 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 300,000 (AED 872 per sqft)Sold, January 2011: AED 300,000 (AED 872 per sqft)

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

Rents
Unit 618, each contractTypical studio in Palace Towers Residential Block
25K50K2012201620202024Typical 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, February 2015: AED 39,000 a yearNew contract, February 2016: AED 42,846 a yearRenewal, August 2017: AED 64,500 a yearRenewal, August 2018: AED 33,000 a yearRenewal, February 2019: AED 33,000 a yearNew contract, August 2020: AED 17,500 a yearRenewal, August 2021: AED 18,000 a yearRenewal, August 2022: AED 18,000 a yearNew contract, October 2026: AED 31,000 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 618 sits

All 280 studios →

618 last sold in January 2011 at AED 872 per sqft, 5% above 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. 618's AED 31,000 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

618, Palace Towers Residential Block in numbers

  • Sold twice: first on 23 July 2009 for AED 300,000, last on 18 January 2011 for AED 300,000 (AED 872 per sqft).
  • Rented since February 2015 on 9 Ejari contracts. The rent fell from AED 39,000 to AED 17,500 in 2020 and recovered to AED 31,000 by October 2026.
  • At AED 31,000 a year the gross yield on the 2011 price is 10.3%, 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 1 October 2026.

Questions about 618, Palace Towers Residential Block

What did unit 618 last sell for?

AED 300,000 on 18 January 2011: AED 872 per sqft for 344 sqft. The unit has 2 registered sales; the first was AED 300,000 in July 2009.

What is the rent for unit 618?

AED 31,000 a year on the contract signed on 1 October 2026. The previous contract, from August 2022, was AED 18,000; the unit has been rented since February 2015.

How big is unit 618?

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

What is unit 618 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 618, Palace Towers Residential Block

Starts from the last sale price (AED 300K, 18 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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