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2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 7th floor · completed 2009

705, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in April 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 5 December 2025
Last soldAED 450K24 April 2013
Current rentAED 80K /yr5 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, Palace Towers Residential Block

What is 705 worth today?

Last sold for AED 450,000 in 2013

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5 Dec 2025RentedNew contract
AED 80,000/yr12 months · AED 81 per sqft
5 Aug 2021RentedRenewal
AED 50,000/yr12 months · AED 50 per sqft
5 Aug 2020RentedRenewal
AED 55,000/yr12 months · AED 56 per sqft
5 Aug 2019RentedNew contract
AED 60,000/yr12 months · AED 61 per sqft
1 Aug 2017RentedNew contract
AED 70,000/yr12 months · AED 71 per sqft
15 Jun 2016RentedRenewal
AED 88,000/yr12 months · AED 89 per sqft
15 Jun 2015RentedRenewal
AED 84,000/yr12 months · AED 85 per sqft
15 Jun 2014RentedNew contract
AED 80,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 5 December 2025.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
7th of 22
Parking
L2-71
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 450K · April 2013
Building
Palace Towers Residential Block

About 705, Palace Towers Residential Block

705 is a two-bedroom apartment of 990 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 24 April 2013 for AED 450,000, or AED 454 per sqft, 12% below the AED 516 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 5 December 2025, is AED 80,000 a year: a gross yield of 17.8% on the 2013 price, before the service charge of about AED 15,900 a year.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical two-bed in Palace Towers Residential Block
400K600K800K2009201420192024Typical sale price by year: 2009 AED 838,950; 2010 AED 815,000; 2011 AED 805,000; 2012 AED 500,000; 2013 AED 720,000; 2014 AED 850,000; 2015 AED 855,000; 2018 AED 650,000; 2019 AED 580,000; 2021 AED 454,000; 2022 AED 485,000; 2023 AED 570,000; 2024 AED 670,000; 2025 AED 820,000; 2026 AED 850,000Sold by developer, July 2009: AED 858,848 (AED 867 per sqft)Sold, February 2011: AED 858,848 (AED 867 per sqft)Sold, April 2013: AED 450,000 (AED 454 per sqft)

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

Rents
Unit 705, each contractTypical two-bed in Palace Towers Residential Block
50K75K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 58,524; 2014 AED 73,500; 2015 AED 81,000; 2016 AED 79,558; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 50,000; 2021 AED 42,000; 2022 AED 49,450; 2023 AED 55,000; 2024 AED 63,000; 2025 AED 65,464; 2026 AED 70,000New contract, June 2014: AED 80,000 a yearRenewal, June 2015: AED 84,000 a yearRenewal, June 2016: AED 88,000 a yearNew contract, August 2017: AED 70,000 a yearNew contract, August 2019: AED 60,000 a yearRenewal, August 2020: AED 55,000 a yearRenewal, August 2021: AED 50,000 a yearNew contract, December 2025: AED 80,000 a year

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 705 sits

All 72 2-beds →

705 last sold in April 2013 at AED 454 per sqft, 12% below what two-beds in Palace Towers Residential Block were fetching at the time (AED 516). 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. 705's AED 80,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 2026840,000
21 Aug 2026860,000
5 May 2026880,000
6 Apr 2026840,000
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 7th floor

All 424 units in Palace Towers Residential Block
Value
7011-bedAED 360K · Mar 2012
702StudioAED 381K · Oct 2013
703StudioAED 380K · Aug 2013
704StudioAED 270K · Apr 2019
706StudioAED 151K · Jul 2012
707StudioAED 220K · Sep 2022
7082-bedAED 841K · Jul 2010
1–7 of 23

705, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 23 July 2009 for AED 858,848, last on 24 April 2013 for AED 450,000 (AED 454 per sqft).
  • Rented since June 2014 on 8 Ejari contracts. The rent fell from AED 80,000 to AED 50,000 in 2021 and recovered to AED 80,000 by December 2025.
  • At AED 80,000 a year the gross yield on the 2013 price is 17.8%, 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 5 December 2025.

Questions about 705, Palace Towers Residential Block

What did unit 705 last sell for?

AED 450,000 on 24 April 2013: AED 454 per sqft for 990 sqft. The unit has 3 registered sales; the first was AED 858,848 in July 2009.

What is the rent for unit 705?

AED 80,000 a year on the contract signed on 5 December 2025. The previous contract, from August 2021, was AED 50,000; the unit has been rented since June 2014.

How big is unit 705?

990 sqft (92.0 sqm): a two-bedroom apartment on the 7th floor of a 22-storey tower completed in 2009.

What is unit 705 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 705, Palace Towers Residential Block

Starts from the last sale price (AED 450K, 24 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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