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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 7th floor · completed 2009

702, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in October 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 381K3 October 2013
Current rentAED 48K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Palace Towers Residential Block

What is 702 worth today?

Last sold for AED 381,150 in 2013

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1 Nov 2025RentedNew contract
AED 48,000/yr12 months · AED 101 per sqft
15 Jan 2023RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
1 Jan 2022RentedRenewal
AED 22,000/yr12 months · AED 46 per sqft
1 Jan 2021RentedNew contract
AED 20,000/yr12 months · AED 42 per sqft
14 Jun 2014RentedNew contract
AED 29,000/yr12 months · AED 61 per sqft
3 Oct 2013SoldReady
AED 381,150AED 810 per sqft
23 Jul 2009Sold by developerOff-plan
AED 381,150AED 810 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
7th of 22
Parking
B2-225
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 381K · October 2013
Building
Palace Towers Residential Block

About 702, Palace Towers Residential Block

702 is a studio of 470 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 3 October 2013 for AED 381,150, or AED 810 per sqft, 5% above the AED 768 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 November 2025, is AED 48,000 a year: a gross yield of 12.6% on the 2013 price, before the service charge of about AED 7,600 a year.

Sales and rents for 702 over time

Sales
Unit 702, 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 381,150 (AED 810 per sqft)Sold, October 2013: AED 381,150 (AED 810 per sqft)

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

Rents
Unit 702, each contractTypical studio in Palace Towers Residential Block
20K40K2012201620202024Typical 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 2014: AED 29,000 a yearNew contract, January 2021: AED 20,000 a yearRenewal, January 2022: AED 22,000 a yearNew contract, January 2023: AED 30,000 a yearNew contract, November 2025: AED 48,000 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 702 sits

All 280 studios →

702 last sold in October 2013 at AED 810 per sqft, 5% above what studios in Palace Towers Residential Block were fetching at the time (AED 768). 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. 702's AED 48,000 is in the upper 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 7th floor

All 424 units in Palace Towers Residential Block
Value
7011-bedAED 360K · Mar 2012
703StudioAED 380K · Aug 2013
704StudioAED 270K · Apr 2019
7052-bedAED 450K · Apr 2013
706StudioAED 151K · Jul 2012
707StudioAED 220K · Sep 2022
7082-bedAED 841K · Jul 2010
1–7 of 23

702, Palace Towers Residential Block in numbers

  • Sold twice: first on 23 July 2009 for AED 381,150, last on 3 October 2013 for AED 381,150 (AED 810 per sqft).
  • Rented since June 2014 on 5 Ejari contracts. The rent fell from AED 29,000 to AED 20,000 in 2021 and recovered to AED 48,000 by November 2025.
  • At AED 48,000 a year the gross yield on the 2013 price is 12.6%, before a service charge of about AED 7,600 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 November 2025.

Questions about 702, Palace Towers Residential Block

What did unit 702 last sell for?

AED 381,150 on 3 October 2013: AED 810 per sqft for 470 sqft. The unit has 2 registered sales; the first was AED 381,150 in July 2009.

What is the rent for unit 702?

AED 48,000 a year on the contract signed on 1 November 2025. The previous contract, from January 2023, was AED 30,000; the unit has been rented since June 2014.

How big is unit 702?

470 sqft (43.7 sqm): a studio on the 7th floor of a 22-storey tower completed in 2009.

What is unit 702 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 702, Palace Towers Residential Block

Starts from the last sale price (AED 381K, 3 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 381,150
Deposit, UAE resident (20%)
AED 76,230
Deposit, non-resident (40%)
AED 152,460
Monthly over 25 years at 3.7%
AED 1,559

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