1-bed · 826 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 6th floor · completed 2009

624, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in April 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 624 · DLD and Ejari recordsUpdated 30 April 2015

Last soldAED 730K30 April 2015

Current rentAED 43K /yr17 January 2015

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 624, Palace Towers Residential Block

Today

What is 624 worth today?

Last sold for AED 730,000 in 2015

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30 Apr 2015

30 Apr 2015SoldReady

AED 730,000AED 883 per sqft

17 Jan 2015

17 Jan 2015RentedNew contract

AED 42,550/yr12 months · AED 51 per sqft

17 Jan 2014

17 Jan 2014RentedNew contract

AED 42,550/yr12 months · AED 51 per sqft

17 Jan 2013

17 Jan 2013RentedNew contract

AED 37,000/yr12 months · AED 45 per sqft

9 Feb 2011

9 Feb 2011Sold by developerReady

AED 501,800AED 607 per sqft

Source: Dubai Land Department. Updated 30 April 2015.

Key facts

Type: 1-bed apartment
Size: 826 sqft
Floor: 6th of 22
Parking: B2-103
Developer: Tameer Holding Investment
Completed: 2009
Service charge: AED 13,300 /yr
Last sold: AED 730K · April 2015
Building: Palace Towers Residential Block

About 624, Palace Towers Residential Block

624 is a one-bedroom apartment of 826 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 30 April 2015 for AED 730,000, or AED 883 per sqft, 3% above the AED 856 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 17 January 2015, is AED 42,550 a year: a gross yield of 5.8% on the 2015 price, before the service charge of about AED 13,300 a year.

Sales and rents for 624 over time

Sales

Unit 624, each saleTypical one-bed in Palace Towers Residential Block

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

Rents

Unit 624, each contractTypical one-bed in Palace Towers Residential Block

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 624 sits

All 72 1-beds →

1-beds in Palace Towers Residential Block · last 12 months720 /sqft Palace Towers Residential Block · all types906 /sqft

624 last sold in April 2015 at AED 883 per sqft, 3% above what one-beds in Palace Towers Residential Block were fetching at the time (AED 856). 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. 624's AED 42,550 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
26 Jun 202626 June 2026	826 sqft	555,000	671
7 Apr 20267 April 2026	826 sqft	595,000	720
19 Feb 202619 February 2026	775 sqft	610,000	787
29 Oct 202529 October 2025	826 sqft	575,000	696

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


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
620	2-bed	990 sqft	AED 750KAED 750,000 · Oct 2024October 2024	90,000 /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

1–7 of 23

624, Palace Towers Residential Block in numbers

Sold twice: first on 9 February 2011 for AED 501,800, last on 30 April 2015 for AED 730,000 (AED 883 per sqft).
Rented since January 2013 on 3 Ejari contracts, from AED 37,000 to AED 42,550 a year.
At AED 42,550 a year the gross yield on the 2015 price is 5.8%, before a service charge of about AED 13,300 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 30 April 2015.

Questions about 624, Palace Towers Residential Block

What did unit 624 last sell for?

AED 730,000 on 30 April 2015: AED 883 per sqft for 826 sqft. The unit has 2 registered sales; the first was AED 501,800 in February 2011.

What is the rent for unit 624?

AED 42,550 a year on the contract signed on 17 January 2015. The previous contract, from January 2014, was AED 42,550; the unit has been rented since January 2013.

How big is unit 624?

826 sqft (76.7 sqm): a one-bedroom apartment on the 6th floor of a 22-storey tower completed in 2009.

What is unit 624 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 624, Palace Towers Residential Block

Starts from the last sale price (AED 730K, 30 April 2015). Switch to today's estimate once you have unlocked it.

Price: AED 730,000
Deposit, UAE resident (20%): AED 146,000
Deposit, non-resident (40%): AED 292,000
Monthly over 25 years at 3.7%: AED 2,987

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