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Studio · 344 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 7th floor · completed 2009

707, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in September 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 707 · DLD and Ejari recordsUpdated 25 May 2025
Last soldAED 220K8 September 2022
Current rentAED 34K /yr25 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 707, Palace Towers Residential Block

What is 707 worth today?

Last sold for AED 220,000 in 2022

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25 May 2025RentedNew contract
AED 34,000/yr12 months · AED 99 per sqft
25 May 2024RentedNew contract
AED 36,000/yr12 months · AED 105 per sqft
15 Oct 2022RentedNew contract
AED 23,000/yr12 months · AED 67 per sqft
8 Sep 2022SoldReady
AED 220,000AED 640 per sqft
15 Oct 2021RentedRenewal
AED 19,000/yr12 months · AED 55 per sqft
15 Oct 2020RentedNew contract
AED 19,000/yr12 months · AED 55 per sqft
15 Sep 2019RentedNew contract
AED 26,000/yr12 months · AED 75 per sqft
1 Mar 2019RentedNew contract
AED 30,086/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 25 May 2025.

Key facts

Type
Studio apartment
Size
344 sqft
Floor
7th of 22
Parking
B1-240
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 5,500 /yr
Last sold
AED 220K · September 2022
Building
Palace Towers Residential Block

About 707, Palace Towers Residential Block

707 is a studio of 344 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 8 September 2022 for AED 220,000, or AED 640 per sqft, in line with the AED 640 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 25 May 2025, is AED 34,000 a year: a gross yield of 15.4% on the 2022 price, before the service charge of about AED 5,500 a year.

Sales and rents for 707 over time

Sales
Unit 707, 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 302,000 (AED 878 per sqft)Sold, July 2013: AED 302,000 (AED 878 per sqft)Sold, November 2018: AED 315,000 (AED 916 per sqft)Sold, September 2022: AED 220,000 (AED 640 per sqft)

707 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 707, each contractTypical studio in Palace Towers Residential Block
20K30K40K2012201620202024Typical 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 2015: AED 34,650 a yearNew contract, March 2019: AED 30,086 a yearNew contract, September 2019: AED 26,000 a yearNew contract, October 2020: AED 19,000 a yearRenewal, October 2021: AED 19,000 a yearNew contract, October 2022: AED 23,000 a yearNew contract, May 2024: AED 36,000 a yearNew contract, May 2025: AED 34,000 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 707 sits

All 280 studios →

707 last sold in September 2022 at AED 640 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 640). 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. 707's AED 34,000 is in the lower 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
702StudioAED 381K · Oct 2013
703StudioAED 380K · Aug 2013
704StudioAED 270K · Apr 2019
7052-bedAED 450K · Apr 2013
706StudioAED 151K · Jul 2012
7082-bedAED 841K · Jul 2010
1–7 of 23

707, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 23 July 2009 for AED 302,000, last on 8 September 2022 for AED 220,000 (AED 640 per sqft).
  • Rented since June 2015 on 8 Ejari contracts. The rent fell from AED 34,650 to AED 19,000 in 2021 and recovered to AED 34,000 by May 2025.
  • At AED 34,000 a year the gross yield on the 2022 price is 15.4%, before a service charge of about AED 5,500 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 25 May 2025.

Questions about 707, Palace Towers Residential Block

What did unit 707 last sell for?

AED 220,000 on 8 September 2022: AED 640 per sqft for 344 sqft. The unit has 4 registered sales; the first was AED 302,000 in July 2009.

What is the rent for unit 707?

AED 34,000 a year on the contract signed on 25 May 2025. The previous contract, from May 2024, was AED 36,000; the unit has been rented since June 2015.

How big is unit 707?

344 sqft (32.0 sqm): a studio on the 7th floor of a 22-storey tower completed in 2009.

What is unit 707 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 707, Palace Towers Residential Block

Starts from the last sale price (AED 220K, 8 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 220,000
Deposit, UAE resident (20%)
AED 44,000
Deposit, non-resident (40%)
AED 88,000
Monthly over 25 years at 3.7%
AED 900

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