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

619, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in November 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 619 · DLD and Ejari recordsUpdated 10 January 2026
Last soldAED 250K17 November 2022
Current rentAED 34K /yr10 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 619, Palace Towers Residential Block

What is 619 worth today?

Last sold for AED 250,000 in 2022

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10 Jan 2026RentedRenewal
AED 34,303/yr12 months · AED 100 per sqft
10 Jan 2025RentedRenewal
AED 32,670/yr12 months · AED 95 per sqft
10 Jan 2024RentedRenewal
AED 29,700/yr12 months · AED 86 per sqft
10 Jan 2023RentedNew contract
AED 27,000/yr12 months · AED 78 per sqft
17 Nov 2022SoldReady
AED 250,000AED 727 per sqft
10 Jan 2022RentedNew contract
AED 23,000/yr12 months · AED 67 per sqft
1 Oct 2020RentedNew contract
AED 25,000/yr12 months · AED 73 per sqft
10 Sep 2018RentedNew contract
AED 35,000/yr12 months · AED 102 per sqft

Source: Dubai Land Department. Updated 10 January 2026.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
6th of 22
Parking
B1-149
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 250K · November 2022
Building
Palace Towers Residential Block

About 619, Palace Towers Residential Block

619 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 17 November 2022 for AED 250,000, or AED 727 per sqft, 14% above the AED 640 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 10 January 2026, is AED 34,303 a year: a gross yield of 13.7% on the 2022 price, before the service charge of about AED 5,500 a year.

Sales and rents for 619 over time

Sales
Unit 619, 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 300,000 (AED 872 per sqft)Sold, June 2010: AED 300,000 (AED 872 per sqft)Sold, October 2011: AED 165,000 (AED 480 per sqft)Sold, November 2022: AED 250,000 (AED 727 per sqft)

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

Rents
Unit 619, 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, June 2017: AED 43,000 a yearNew contract, September 2018: AED 35,000 a yearNew contract, October 2020: AED 25,000 a yearNew contract, January 2022: AED 23,000 a yearNew contract, January 2023: AED 27,000 a yearRenewal, January 2024: AED 29,700 a yearRenewal, January 2025: AED 32,670 a yearRenewal, January 2026: AED 34,303 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 619 sits

All 280 studios →

619 last sold in November 2022 at AED 727 per sqft, 14% above what studios in Palace Towers Residential Block were fetching at the time (AED 640). 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. 619's AED 34,303 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

619, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 23 July 2009 for AED 300,000, last on 17 November 2022 for AED 250,000 (AED 727 per sqft).
  • Rented since June 2017 on 8 Ejari contracts. The rent fell from AED 43,000 to AED 23,000 in 2022 and recovered to AED 34,303 by January 2026.
  • At AED 34,303 a year the gross yield on the 2022 price is 13.7%, 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 10 January 2026.

Questions about 619, Palace Towers Residential Block

What did unit 619 last sell for?

AED 250,000 on 17 November 2022: AED 727 per sqft for 344 sqft. The unit has 4 registered sales; the first was AED 300,000 in July 2009.

What is the rent for unit 619?

AED 34,303 a year on the contract renewed on 10 January 2026. The previous contract, from January 2025, was AED 32,670; the unit has been rented since June 2017.

How big is unit 619?

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

What is unit 619 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 619, Palace Towers Residential Block

Starts from the last sale price (AED 250K, 17 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

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