2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

620, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 620 · DLD and Ejari recordsUpdated 1 November 2024

Last soldAED 750K28 October 2024

Current rentAED 90K /yr1 November 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 620, Palace Towers Residential Block

Today

What is 620 worth today?

Last sold for AED 750,000 in 2024

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1 Nov 2024

1 Nov 2024RentedNew contract

AED 90,000/yr12 months · AED 91 per sqft

28 Oct 2024

28 Oct 2024SoldReady

AED 750,000AED 757 per sqft

10 Jul 2022

10 Jul 2022RentedNew contract

AED 53,000/yr12 months · AED 54 per sqft

1 Dec 2020

1 Dec 2020RentedNew contract

AED 48,000/yr12 months · AED 48 per sqft

1 Dec 2018

1 Dec 2018RentedNew contract

AED 62,500/yr12 months · AED 63 per sqft

7 Sep 2016

7 Sep 2016RentedNew contract

AED 85,000/yr12 months · AED 86 per sqft

26 Jan 2011

26 Jan 2011SoldReady

AED 880,898AED 889 per sqft

23 Jul 2009

23 Jul 2009Sold by developerOff-plan

AED 880,898AED 889 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type: 2-bed apartment
Size: 990 sqft
Floor: 6th of 22
Parking: L1-97
Developer: Tameer Holding Investment
Completed: 2009
Service charge: AED 15,900 /yr
Last sold: AED 750K · October 2024
Building: Palace Towers Residential Block

About 620, Palace Towers Residential Block

620 is a two-bedroom apartment of 990 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 28 October 2024 for AED 750,000, or AED 757 per sqft, 12% above the AED 676 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 1 November 2024, is AED 90,000 a year: a gross yield of 12.0% on the 2024 price, before the service charge of about AED 15,900 a year.

Sales and rents for 620 over time

Sales

Unit 620, each saleTypical two-bed in Palace Towers Residential Block

620 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents

Unit 620, each contractTypical two-bed in Palace Towers Residential Block

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

2-beds in Palace Towers Residential Block, and where 620 sits

All 72 2-beds →

2-beds in Palace Towers Residential Block · last 12 months848 /sqft Palace Towers Residential Block · all types906 /sqft

620 last sold in October 2024 at AED 757 per sqft, 12% above what two-beds in Palace Towers Residential Block were fetching at the time (AED 676). Over the last 12 months two-beds sold for AED 825,000 to 880,000, around AED 848 per sqft, and rent for AED 35,000 to 85,000 a year. 620's AED 90,000 is at the top of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
11 Sep 202611 September 2026	990 sqft	840,000	848
21 Aug 202621 August 2026	990 sqft	860,000	868
5 May 20265 May 2026	990 sqft	880,000	888
6 Apr 20266 April 2026	990 sqft	840,000	848

7 2-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: 9.2%

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


601	1-bed	826 sqft	AED 620KAED 620,000 · Jan 2017January 2017	53,000 /yr
602	Studio	470 sqft	AED 340KAED 340,000 · Sep 2023September 2023	54,000 /yr
603	Studio	459 sqft	AED 440KAED 440,000 · Aug 2024August 2024	22,000 /yr
604	Studio	431 sqft	AED 355KAED 355,000 · Aug 2024August 2024	38,000 /yr
605	2-bed	990 sqft	AED 850KAED 850,000 · Feb 2014February 2014	69,000 /yr
606	Studio	344 sqft	AED 340KAED 340,000 · Aug 2013August 2013	27,000 /yr
607	Studio	344 sqft	AED 300KAED 300,000 · Jan 2014January 2014	34,000 /yr
608	2-bed	990 sqft	AED 560KAED 560,000 · May 2023May 2023	80,000 /yr
609	Studio	216 sqft	AED 450KAED 450,000 · Jun 2017June 2017	38,000 /yr
610	1-bed	794 sqft	AED 740KAED 739,778 · Oct 2013October 2013
611	Studio	482 sqft	AED 400KAED 400,000 · Jun 2010June 2010	33,000 /yr
612	Studio	510 sqft	AED 420KAED 420,000 · Sep 2016September 2016	48,000 /yr
613	Studio	510 sqft	AED 211KAED 210,500 · Apr 2011April 2011	51,600 /yr
614	Studio	482 sqft	AED 400KAED 400,000 · Jun 2010June 2010	37,000 /yr
615	1-bed	794 sqft	AED 352KAED 352,275 · Aug 2011August 2011	45,000 /yr
616	Studio	431 sqft	AED 315KAED 315,000 · Mar 2019March 2019	30,000 /yr
617	2-bed	990 sqft	AED 1MAED 1,000,000 · Jun 2015June 2015	62,500 /yr
618	Studio	344 sqft	AED 300KAED 300,000 · Jan 2011January 2011	31,000 /yr
619	Studio	344 sqft	AED 250KAED 250,000 · Nov 2022November 2022	34,303 /yr
621	Studio	431 sqft	AED 200KAED 200,000 · Aug 2021August 2021	34,000 /yr
622	Studio	459 sqft	AED 230KAED 230,000 · Nov 2020November 2020	22,000 /yr
623	Studio	470 sqft	AED 200KAED 200,000 · Jun 2011June 2011	35,000 /yr
624	1-bed	826 sqft	AED 730KAED 730,000 · Apr 2015April 2015	42,550 /yr

1–7 of 23

620, Palace Towers Residential Block in numbers

Sold 3 times: first on 23 July 2009 for AED 880,898, last on 28 October 2024 for AED 750,000 (AED 757 per sqft).
Rented since September 2016 on 5 Ejari contracts. The rent fell from AED 85,000 to AED 48,000 in 2020 and recovered to AED 90,000 by November 2024.
At AED 90,000 a year the gross yield on the 2024 price is 12.0%, before a service charge of about AED 15,900 a year (AED 16.09 per sqft).
Two-beds in Palace Towers Residential Block sold for AED 825,000–880,000 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 November 2024.

Questions about 620, Palace Towers Residential Block

What did unit 620 last sell for?

AED 750,000 on 28 October 2024: AED 757 per sqft for 990 sqft. The unit has 3 registered sales; the first was AED 880,898 in July 2009.

What is the rent for unit 620?

AED 90,000 a year on the contract signed on 1 November 2024. The previous contract, from July 2022, was AED 53,000; the unit has been rented since September 2016.

How big is unit 620?

990 sqft (92.0 sqm): a two-bedroom apartment on the 6th floor of a 22-storey tower completed in 2009.

What is unit 620 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Towers Residential Block sold for AED 825,000 to 880,000 in the last 12 months, around AED 848 per sqft.

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Mortgage on 620, Palace Towers Residential Block

Starts from the last sale price (AED 750K, 28 October 2024). Switch to today's estimate once you have unlocked it.

Price: AED 750,000
Deposit, UAE resident (20%): AED 150,000
Deposit, non-resident (40%): AED 300,000
Monthly over 25 years at 3.7%: AED 3,068

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