1-bed · 826 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 7th floor · completed 2009

701, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in March 2012, 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 701 · DLD and Ejari recordsUpdated 25 July 2018

Last soldAED 360K12 March 2012

Current rentAED 46K /yr25 July 2018

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 701, Palace Towers Residential Block

Today

What is 701 worth today?

Last sold for AED 360,000 in 2012

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25 Jul 2018

25 Jul 2018RentedNew contract

AED 46,000/yr12 months · AED 55 per sqft

29 May 2015

29 May 2015RentedNew contract

AED 63,000/yr12 months · AED 76 per sqft

16 Mar 2013

16 Mar 2013RentedNew contract

AED 50,000/yr12 months · AED 60 per sqft

12 Mar 2012

12 Mar 2012SoldReady

AED 360,000AED 435 per sqft

14 Feb 2011

14 Feb 2011SoldReady

AED 632,000AED 765 per sqft

23 Jul 2009

23 Jul 2009Sold by developerOff-plan

AED 632,000AED 765 per sqft

Source: Dubai Land Department. Updated 25 July 2018.

Key facts

Type: 1-bed apartment
Size: 826 sqft
Floor: 7th of 22
Parking: B2-56
Developer: Tameer Holding Investment
Completed: 2009
Service charge: AED 13,300 /yr
Last sold: AED 360K · March 2012
Building: Palace Towers Residential Block

About 701, Palace Towers Residential Block

701 is a one-bedroom apartment of 826 sqft on the 7th 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 12 March 2012 for AED 360,000, or AED 435 per sqft, 32% below the AED 639 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 25 July 2018, is AED 46,000 a year: a gross yield of 12.8% on the 2012 price, before the service charge of about AED 13,300 a year.

Sales and rents for 701 over time

Sales

Unit 701, each saleTypical one-bed in Palace Towers Residential Block

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

Rents

Unit 701, 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 701 sits

All 72 1-beds →

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

701 last sold in March 2012 at AED 435 per sqft, 32% below what one-beds in Palace Towers Residential Block were fetching at the time (AED 639). 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. 701's AED 46,000 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 7th floor

All 424 units in Palace Towers Residential Block


702	Studio	470 sqft	AED 381KAED 381,150 · Oct 2013October 2013	48,000 /yr
703	Studio	459 sqft	AED 380KAED 380,000 · Aug 2013August 2013	40,500 /yr
704	Studio	431 sqft	AED 270KAED 270,000 · Apr 2019April 2019	36,000 /yr
705	2-bed	990 sqft	AED 450KAED 450,000 · Apr 2013April 2013	80,000 /yr
706	Studio	344 sqft	AED 151KAED 151,000 · Jul 2012July 2012	35,000 /yr
707	Studio	344 sqft	AED 220KAED 220,000 · Sep 2022September 2022	34,000 /yr
708	2-bed	990 sqft	AED 841KAED 841,050 · Jul 2010July 2010	66,000 /yr
709	Studio	431 sqft	AED 352KAED 352,000 · Nov 2010November 2010	31,000 /yr
710	1-bed	794 sqft	AED 742KAED 741,983 · Jul 2009July 2009
711	Studio	482 sqft	AED 298KAED 298,000 · Jul 2011July 2011	44,000 /yr
712	Studio	510 sqft	AED 250KAED 250,000 · Feb 2021February 2021	46,000 /yr
713	Studio	510 sqft	AED 240KAED 240,000 · Oct 2011October 2011	43,000 /yr
714	Studio	482 sqft	AED 450KAED 450,000 · Sep 2025September 2025	40,000 /yr
715	1-bed	794 sqft	AED 707KAED 706,650 · Dec 2015December 2015	42,400 /yr
716	Studio	431 sqft	AED 420KAED 420,000 · Oct 2016October 2016	42,692 /yr
717	2-bed	990 sqft	AED 300KAED 300,000 · Feb 2013February 2013
718	Studio	344 sqft	AED 309KAED 308,500 · Feb 2024February 2024	25,000 /yr
719	Studio	344 sqft	AED 440KAED 440,000 · Oct 2025October 2025	34,000 /yr
720	2-bed	990 sqft	AED 840KAED 840,000 · Jan 2026January 2026	84,000 /yr
721	Studio	431 sqft	AED 255KAED 255,000 · Jul 2011July 2011	38,000 /yr
722	Studio	459 sqft	AED 286KAED 286,000 · May 2022May 2022	65,811 /yr
723	Studio	470 sqft	AED 440KAED 440,000 · Mar 2026March 2026	40,000 /yr
724	1-bed	826 sqft	AED 704KAED 703,500 · Aug 2024August 2024	52,000 /yr

1–7 of 23

701, Palace Towers Residential Block in numbers

Sold 3 times: first on 23 July 2009 for AED 632,000, last on 12 March 2012 for AED 360,000 (AED 435 per sqft).
Rented since March 2013 on 3 Ejari contracts, from AED 50,000 to AED 46,000 a year.
At AED 46,000 a year the gross yield on the 2012 price is 12.8%, 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 25 July 2018.

Questions about 701, Palace Towers Residential Block

What did unit 701 last sell for?

AED 360,000 on 12 March 2012: AED 435 per sqft for 826 sqft. The unit has 3 registered sales; the first was AED 632,000 in July 2009.

What is the rent for unit 701?

AED 46,000 a year on the contract signed on 25 July 2018. The previous contract, from May 2015, was AED 63,000; the unit has been rented since March 2013.

How big is unit 701?

826 sqft (76.7 sqm): a one-bedroom apartment on the 7th floor of a 22-storey tower completed in 2009.

What is unit 701 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 701, Palace Towers Residential Block

Starts from the last sale price (AED 360K, 12 March 2012). Switch to today's estimate once you have unlocked it.

Price: AED 360,000
Deposit, UAE resident (20%): AED 72,000
Deposit, non-resident (40%): AED 144,000
Monthly over 25 years at 3.7%: AED 1,473

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