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Studio · 482 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 7th floor · completed 2009

711, Palace Towers Residential Block

Sold prices and rental history: sold once, by the developer in July 2011, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 711 · DLD and Ejari recordsUpdated 1 April 2026
Last soldAED 298K20 July 2011
Current rentAED 44K /yr1 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 711, Palace Towers Residential Block

What is 711 worth today?

Last sold for AED 298,000 in 2011

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1 Apr 2026RentedRenewal
AED 44,000/yr3 months · AED 91 per sqft
1 Apr 2025RentedNew contract
AED 42,000/yr12 months · AED 87 per sqft
1 Dec 2021RentedNew contract
AED 23,000/yr12 months · AED 47 per sqft
5 May 2020RentedNew contract
AED 24,000/yr12 months · AED 50 per sqft
20 Mar 2019RentedNew contract
AED 33,000/yr12 months · AED 68 per sqft
6 Mar 2018RentedNew contract
AED 40,000/yr12 months · AED 83 per sqft
20 Jul 2011Sold by developerReady
AED 298,000AED 618 per sqft

Source: Dubai Land Department. Updated 1 April 2026.

Key facts

Type
Studio apartment
Size
482 sqft
Floor
7th of 22
Parking
L2-48
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,800 /yr
Last sold
AED 298K · July 2011
Building
Palace Towers Residential Block

About 711, Palace Towers Residential Block

711 is a studio of 482 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. The developer sold it on 20 July 2011 for AED 298,000, or AED 618 per sqft, 25% below the AED 821 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 1 April 2026, is AED 44,000 a year: a gross yield of 14.8% on the 2011 price, before the service charge of about AED 7,800 a year.

Sales and rents for 711 over time

Sales
Unit 711, 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 2011: AED 298,000 (AED 618 per sqft)

711 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 711, 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, March 2018: AED 40,000 a yearNew contract, March 2019: AED 33,000 a yearNew contract, May 2020: AED 24,000 a yearNew contract, December 2021: AED 23,000 a yearNew contract, April 2025: AED 42,000 a yearRenewal, April 2026: AED 44,000 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 711 sits

All 280 studios →

711 last sold in July 2011 at AED 618 per sqft, 25% below what studios in Palace Towers Residential Block were fetching at the time (AED 821). 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. 711's AED 44,000 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
9.3%
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
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
707StudioAED 220K · Sep 2022
1–7 of 23

711, Palace Towers Residential Block in numbers

  • Sold once: by Tameer Holding Investment on 20 July 2011 for AED 298,000, or AED 618 per sqft.
  • Rented since March 2018 on 6 Ejari contracts. The rent fell from AED 40,000 to AED 23,000 in 2021 and recovered to AED 44,000 by April 2026.
  • At AED 44,000 a year the gross yield on the 2011 price is 14.8%, before a service charge of about AED 7,800 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 April 2026.

Questions about 711, Palace Towers Residential Block

What did unit 711 last sell for?

AED 298,000 on 20 July 2011, sold by the developer: AED 618 per sqft for 482 sqft. It is the only registered sale of the unit.

What is the rent for unit 711?

AED 44,000 a year on the contract renewed on 1 April 2026. The previous contract, from April 2025, was AED 42,000; the unit has been rented since March 2018.

How big is unit 711?

482 sqft (44.8 sqm): a studio on the 7th floor of a 22-storey tower completed in 2009.

What is unit 711 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 711, Palace Towers Residential Block

Starts from the last sale price (AED 298K, 20 July 2011). Switch to today's estimate once you have unlocked it.
Price
AED 298,000
Deposit, UAE resident (20%)
AED 59,600
Deposit, non-resident (40%)
AED 119,200
Monthly over 25 years at 3.7%
AED 1,219

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